Credit unions: Credit unions typically offer lower interest rates than banks and other financial institutions. They may also have fewer fees and closing costs, making them a great option for refinancing an auto loan.
Online lenders: Online lenders can be a convenient option for refinancing an auto loan. They often have competitive interest rates and quick application processes. However, it's important to compare rates and fees before you choose a lender.
Banks: Banks are also an option for refinancing an auto loan. However, they may not have as competitive rates as credit unions or online lenders.
Dealerships: You may be able to refinance your auto loan through the dealership where you purchased your vehicle. However, dealerships may have higher interest rates and fees than other lenders.
When you are considering refinancing your auto loan, it's important to compare rates and fees from multiple lenders. You should also make sure that you can meet the credit and income requirements of the lender you choose.
