Refinancing a Car

Save Yourself A Lot Of Money On Interest Repayments

Refinance a Car with Vehicle Connect

Thinking about refinancing your car loan? You’ve come to the right place. Vehicle Connect understands that sometimes purchasing a car with the wrong financing happens and our team can help you find the right options to suit your needs.

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Refinancing Explained

Refinancing means replacing an existing loan with another car loan, under new terms. In short, you are switching over to a new car finance loan for your vehicle. It is one of the best options to consider in order to secure a lower interest rate, add flexibility, or consolidate debts. On top of that, refinancing your car can give you greater flexibility and control over your car loan.

Why You Need Refinancing

Apart from the advantage of saving you a lot of money in interest repayments, there are other reasons why you should consider it.

By refinancing your car, you are given the opportunity to choose a different loan term and/or payment options to suit your current needs. For instance, you can find a loan that offers a lower interest rate or longer loan term than the one you have now. In this way, making your repayments could become even more convenient for you.

In addition, refinancing you help you gain new features that your current car loan doesn't offer. You could also change the terms of the residual payment, as well as make the most of your car loan. It can also provide you with flexible repayment options, or the option to redraw money when you need it.

Also, if you have encountered any troubles with your lender in the past, refinancing your car can be an excellent option.

Refinancing your car loan may not always be the smartest choice. Given this, you need to talk to a finance manager in order to ensure that you will not receive any penalties for leaving your existing car loan. Aside from that, a finance manager can help set up fees on the new loan and guarantee a loan option with interest rates that are favourable for you.

Contact Us

Are you ready to refinance your car loan? If yes, don’t hesitate to contact us and we'll quickly assess if it is the right step forward for you. Vehicle Connect’s experienced car consultants can help you figure out what your monthly repayments and total interest costs will be. Let us lead you in making the right decision and help you regain control over your finances to save you money long term.

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