Generally, borrowers refinance their auto loans so that they can get the benefit of a longer-term to pay off their loans. That obviously also reduces the amount they must pay back each month. Although the borrowers now get additional time to pay off their auto loans, auto refinancing typically increases their loan costs as they are required to pay more interest, additional refinancing fees, and other charges.

How Auto Refinance Works

When refinancing your auto, watch out for the "Upside-down" type of auto loans. These are loans where the amount you owe to the lender is higher than your vehicle's book value, which usually occurs when you refinance your car over a longer loan period. As the value of your vehicle gradually depreciates over the length of your auto refinance period, the value of your car may finally end up being lower than what you owe the lender.

Some auto loan agreements may contain a clause relating to the early termination of your loan, such as the imposition of a prepayment penalty should you choose to pay off your loan before its termination. You must also take these costs into account before you decide to apply for your auto refinance loan.

Auto Refinance Costs

You could be required to pay the Administrative Fee (sometimes also referred to as the Application Fee) for the termination of your previous auto loan, Transfer of Lien Holder Fees, and the State Re-registration Fees. There can be a variation in these fees depending on several other factors.

For further information, the qualified industry experts of our affiliate lenders will walk you through the entire process. Our Auto Refinance Calculator will help you in doing the calculations related to your specific needs.

Here is the list of companies providing Best Auto Refinance Options

Est. APR

4.49 - 20.49%

Loan amount

$5000 - $10000

Min. credit score


Frequently Asked Questions

At Lend Me Money, we connect you with lenders and refinancers for all your mortgage, credit card, student loan, and personal loan needs. Understanding the client's needs for a quick and viable lending solution, we offer our assistance to get our customers the best deals available in the market. Working with Lend Me Money allows you to get multiple options from prominent lenders in the market while you can also compare different plans and propositions to decide which offer is in your best interest.

Here are some of the prominent benefits of working with Lend Me Money:

Multiple Options

Our customers need several different options based on their current financial situation; therefore, offers the perfect solutions they need.

Customer Support

We believe in taking care of our clients and being there when they need our help. This is why we work with only eminent lenders who understand the client's needs. They offer their best rates to our clients while also helping them navigate different plans that can work best in their particular situations.

Best rates

Customers are rewarded with the best interest rates from our affiliates based on their credit score and credit history.

Our platform can be called the best one-stop shop for all lending needs, especially mortgage, credit cards, student loans, insurance, auto loans, and personal loans.

The interest rate depends on several factors, such as loan amount, loan repayment duration, and the market rate. Once we receive your information, our affiliates will provide their specific interest rates based on your credit score and credit history.

Student loan refinancing is a service where a private lender pays off your current student loans and gives you a new loan on new terms. It can be beneficial as students get relief from high monthly installments, get lower interest rates, and extend their payoff time.

We work with eminent lenders and loan providers who are ready to offer instant financial relief to our clients. We understand that lending money from someone is difficult, especially when you are looking for quick financial support. Therefore, we make sure that we meet your demands in time and help you achieve your goal. We also make sure that our clients are satisfied with our services. Through our affiliate partners, you can get the desired amount within the communicated time, lower interest rates and flexibility of repayment.

Everyone's requirements are different. There’s no one-size-fit-everyone approach when it comes to a mortgage loan. However, you should choose the mortgage plan that:

•  Provides you with instant funds for home improvement projects

•  Gives you the opportunity to invest in other properties

•  Offers you the advantage of paying off your previous loan.

•  Lock fixed interest rates

•  Gives you the freedom to pay off your other household debts, such as credit cards, utility payments, car loans, or any other debt you might have.

To help you save time and effort, the mortgage analysis tool of Lend Me Money gives you instant access to a broad-based pool of our affiliate lenders, professional industry experts, and renowned refinancers. It also recommends optional solutions that are best suited to your budget and circumstances. In addition, it gives you a detailed perspective of various advantages or disadvantages that may be associated with a particular home loan plan.

Refinancing a mortgage can lessen your installment amount and give you longer time to pay off your loan, at a lower interest rate. Other benefits include:

  Cash out your equity

•  Flexible time frame to pay off your loans

•  Opportunity for investments

Insurance plays a crucial role in your financial stability. It secures your future and keeps your family financially secure in the times to come. There are several types of insurance you can avail to protect your assets, such as you can get insurance for your vehicle, home, or even your greatest strength, i.e., your life.

Some of the benefits of insurance:

Insurance safeguards your assets

If anything happens to your vehicle or your property, the policy will help you recover your loss.

Reduce your stress during financial hardships

Unforeseen tragedies such as sickness, accidents, disability, or even death can leave you and your family under great stress. But with insurance, you and your family would be able to focus on your health rather than thinking about medical bills, selling assets or closing the business to recover for the loss.

Financial security

No one knows what will happen tomorrow. If any unexpected circumstance occurs, you and your family can hopefully continue to move forward and strengthen the position financially.

Peace of Mind

Insurance gives you a breeze of fresh air and helps you avoid unwanted stress. At, we connect you with the best affiliates who offer you ideal insurance policy options.

Protects your children

If anything happens to you, then your life insurance will protect your children's future. What can it be more satisfying than knowing that your children will prosper?

Our affiliates charge interest rates depending on the affiliate program you choose, lending requirements, credit history, and repayment duration.

If any client has a bad credit history, it does not mean that they cannot receive a loan. Every scenario is different based on credit score and credit history. Therefore, there may be chances for your loan approval. Contact our representative, or consult the affiliate on our website.

You do not need to worry! Our professional partners will handle all the paperwork and guide you throughout the whole process.

Besides personal loans, our affiliate partners offer home equity loans, auto refinances, student loan refinances, and different types of mortgages. Please visit our services page to know more about our services.

We process all auto loan refinancing applications at the earliest possible. Time required for the approval of your application depends on your needs and personal circumstances. For immediate results, contact our experts about the best auto loan refinancing plans available in the market today.