* First payment is due after 90 days if you open a cash-back checking account and sign up for auto-pay of this car loan from that account. Standard days to first payment is approximately 45 days.
The minimum credit score to qualify is 680, and the amount financed (your payoff) must be between $10,000 and $90,000. In addition, you must be current on your existing auto loan and, if applicable, your mortgage.
Your existing loan can’t be with us, and your existing lender must be FDIC or NCUA insured. Most banks, credit unions, and larger auto finance companies meet this requirement.
We will finance new and used personal-use cars, minivans, SUVs, and light trucks. Your vehicle must have less than 125,000 miles and be valued between $8,500 and $90,000 KBB retail.
We don’t refinance Daewoo, Saab, Oldsmobile, Suzuki, or Isuzu vehicles; commercial vehicles; recreational vehicles (RVs); ATVs; motorcycles; boats; motor homes; camper vans; branded title vehicles; lemon vehicles; or vehicles without a Vehicle Identification Number (VIN) or title issued. At our discretion, we may determine a vehicle to be commercial or otherwise ineligible based on the model and/or information provided to us.
We’ll ask for your first and last name, date of birth, Social Security number, address, phone number, and employment information. Plus, we’ll need information on your vehicle, including its make, model, year, mileage, and vehicle identification number (VIN). The last thing you’ll need to provide is the name of your current lender, payoff amount, and monthly payment.
To determine whether you qualify for refinancing, we must review your personal credit. Your credit history will inform us of your lines of credit and payment history. This is a hard inquiry on your credit report with a minimal impact on your credit score.
No, you are contractually obligated to make payments on your current auto loan until your account is paid in full. To protect your credit, you should continue to make your payments until we have completed your refinance process and paid off your current lender. We’ll request a payoff from your lender and overnight or wire the funds to pay off your loan. Your lender may take 3-10 business days to process the payoff transaction. Only after your lender has processed the payoff can you stop making payments on your previous loan.
Mortgage bankers encounter unique complications when dealing with natural disasters.
$3 here and $10 there may not seem like much, but over time these fees will take large chunks out of your hard-earned cash.
Emergency fund or new opportunities? We’ll help you decide how much money to keep in savings.