Fast. Easy. Secure. Whether you have perfect credit or less-than-perfect credit, Car Corner can get you financed and into your next vehicle today. Buying a vehicle doesn’t have to be stressful. With our convenient online application, knowledgeable staff and unique in-house financing options we are able to get you approved when traditional lenders say no. We welcome all credit histories and will work with you to get a vehicle loan that fits your life and financial goals. A low credit score doesn’t have to impact your life forever. Let us help you begin the process of rebuilding your credit with competitive rates and a great selection of certified used vehicles to choose from. Contact us to learn more about our guaranteed financing options and get pre-approved today.
Let us help!
Refinancing a car loan is one of the ways to reduce your monthly cash outflows. However, this will only work if the interest rate at which you took that car loan is higher than the prevailing rates for auto loans. Car loans are not as large as mortgages. Therefore, a marginal benefit of lower installments, spread across a longer repayment term is hardly going to make much difference on monthly cash outflows.
The process of obtaining refinance an existing car loan is undoubtedly quick. A marginally lower interest rate may be ignored, because there are invariably some loan processing charges, and often penalties for the prepayment of that car loan. The effects of all such costs should be considered when availing of any car loan, refinancing a car loan, used car financing or used truck financing.
Car loan refinancing is often treated like used car financing. Therefore, the interest rates applied by the lender on your car would also be higher. There are websites that compare the interest rates charged by lenders in used car financing as well as refinancing a car loan. Used automobile financing varies for used cars and trucks. In general, used truck financing would prove to be the most expensive. Such rates also differ from one city to another. Therefore, you could compare rates for refinancing a car loan in two different cities, for example, Saskatoon and Regina.
Any car loan refinancing entails obtaining a letter sanctioning such a loan. One will need to comply with all the terms and conditions in the sanction letter. We will help you through all this.