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Auto Loan Refinance Rates as low as 7.20%Americans are refinancing their auto loans left and right, saving hundreds, even thousands in overall interest, and cutting monthly payments. Could you save BIG too?
This page:
• Briefly describes the application process
• Links to additional info on vehicle refinancing
 See how much you could save:Capital One Auto Finance offers the lowest rates in the country, for people with all types of credit ratings. You can cut your overall interest bill, and your monthly payments.
Apply with Capital One for a totally risk-free loan quote, and see how much you could save.
How refinancing works
Well, it's really quite simple: if you are making payments on a car, you can probably reduce your interest rate by refinancing the loan at a better rate.
That is because either:
- your credit is better now than it was when you purchased your car, and so you qualify for a better rate, or
- interest rates are simply lower than they where when you bought your car,
or both.
In any case, you will most likely save money.
Apply online and get a response in 15 minutes during business hours (Monday - Friday: 9 a.m. to 5:30 p.m. and Saturday: 8 a.m. to noon Pacific time). If approved, a Capital One Blank CheckŪ will be sent to you by mail.
Simply make the check payable to the existing lender for your remaining loan balance and mail the check to the lender. Your loan with Capital One will be activated after your existing lender processes the Blank CheckŪ.
Capital One Auto Finance will need to be listed as the new lien holder on the title. They will take care of most of the paperwork, with some assistance from you. The process varies slightly by state and will be detailed in your loan package. You are responsible for the one-time fee charged by your respective state to change the lien holder. These fees range from approximately $5 to $65, depending upon the state.
For most states, you'll need to sign the titling instruction (included in your loan package). Make sure that the lender releases the title to Capital One, and sends these documents, along with a check to cover the state fees, to address they provide you with.
Yes, it's that easy.
Get a risk-free refinance quote now
Learn how to save even more:
Sign up fo our free auto financing email course. You'll learn the step-by-step process that will help you save hundreds, even thousands of dollars on financing costs. And it's free!
Sing up here:
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Sign up for our free email course to learn the step-by-step car buying process that will help you beat the car salesmen and the bankers at their own game.
You'll save hundreds, even thousands of dollars, with very little effort.
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