The truth is, that many people with bad or no credit history may pay a higher than average interest rate for their car loan. Many feel locked into these loans, but there is a way to improve your circumstances over time.
First off, recognize an auto loan as a great tool to improve your credit. After 12 to 18 months, your credit score can improve, as long as you’re making your payments on time as well as all of your other bills and loans. To start, take a look at your budget, your debts and your income. Apply “15%” rule, if possible – that is, 15% of your income should go towards making car and insurance payments.
Once you’ve gained a better sense of your finances, you can proceed with your application to refinance for a new vehicle and interest rate. If you’re ready to apply and see how refinancing a vehicle can work for you, take a look at how our process works:
Refinance Your Your Vehicle in 5 Simple Steps:
- Contact Us
- We Do Full Vehicle Appraisal
- Work On Your Approval
- Select Your Next Vehicle
- Vehicle Delivered to Your Door
Ready to Apply? Click Here!
Whether you’ve already financed a vehicle and are looking to see if you qualify for refinancing at a lower interest rate, or if you’re a first-time bad credit car loan applicant, Auto Loan Solutions can help! Our Finance Managers are trained to handle all types of applications with credit challenges, and will work hard to get you the lowest interest rate possible.
Auto Loan Solutions has access to over 5000 new and used vehicles. If you’re ready for a new vehicle and a lower interest rate over time, apply with us today. Let us work with you to find a new reliable vehicle that meets all of your needs. If you’d like to trade in your vehicle, we have professional staff to appraise its value, which can then be used as a down payment towards the new vehicle (only vehicles with no outstanding liens are eligible).
Contact us today and one of our dedicated team members will be more than happy to assist you with your car loan refinancing questions. They will provide you with all the relevant information in order to make an informed decision regarding auto loan refinancing.
Very professional, great service, 5 stars!
I was very pleased and comfortable with the Auto Loans Solutions team's service provided to me on my adventure in acquiring my new vehicle. The team was very cou...
My service with Auto Loans Solutions was exceptional. They were very responsive to all contacts and questions. They were friendly and went out of their way to ge...
Awesome service and people to work with
The experience with autoloan is remarkable. Customer service was excellent. I will surely recommend anyone to do business with this company especially...
Peter and Ryan made this process very quick and easy. They answered all my questions very well. i cannot recommend them and Auto Loans Solutions enough. Thank yo...
Through and answer all questions asked
Good service, thank you
Thank you for your service
Very good, polite and patient. Excellent service.
I am so happy to get this car and so excited to drive it. Thank you so much for everything
I am very happy with the vehicle, great team to buy from and very good communication
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