Reported 1 day ago
Refinancing a car loan can help save money or reduce monthly payments, but it comes with specific eligibility criteria. Borrowers must typically have an existing loan of at least six months with amounts between $3,000 and $7,500. Cars should be within 100,000 to 150,000 miles and not older than 10 years, while a credit score of at least 600 and a manageable debt-to-income ratio are generally required. To refine approval chances, it's essential to compare lenders, assess vehicle value, and gather necessary documents before proceeding.
Source: YAHOO