Part of your luxury car financing journey may be refinancing your auto loan with our dealership. Refinancing can help you find better terms on your car or lower your monthly payment. If you’re looking to refinance, the Fields Motorcars Orlando team can help you get started.
What Is Luxury Car Refinancing?
Refinancing refers to transferring the remaining period of your loan to another financial institution. You can think of it as a second loan that’s worth the rest of your car’s value that you haven’t paid yet. You pay off your current loan and close that account, then open a new one to finish paying off the vehicle.
What Are the Benefits?
While luxury car refinancing isn’t the best option for everyone, it can help drivers find better terms and lower their monthly payment. If you’ve been on time with your auto payments and your credit score has improved since you bought your car, you may be eligible for better terms like lower interest rates and reduced monthly payments. In those cases, refinancing with another lender can help lower your vehicle expenses. Refinancing is also a good idea if federal interest rates have been cut recently.
How Do I Apply?
If you want to refinance your luxury car with our dealership, we’re happy to help you start the process. Get in touch with our financing team and let us know what car you have, who you’re currently financing with, and what your monthly payment is. Then, we’ll work to find better terms that either lower your expenses or are paid off quicker.
Compare Luxury Car Financing Options in Orlando, FL
Ready to reduce your monthly auto expenses? Our dealers can help you start your luxury car financing or refinancing plan. Contact the Fields Motorcars Orlando financing team today to book an appointment and compare plans.