Save hundreds of dollars each month on your car payment
Reduce the risk of having the car repossessed for missing payments
Getting your car loan with a community credit union is a much friendlier experience As they often will let you skip a payment at Christmas
Refinancing the car will not require additional cash down payment
How did this happen?
You made the mistake of letting the car dealer match you with a auto lenderThey matched you with a Predatory Lender, Common Predators include: Santander, West Lake, Credit Acceptance
They often match you with a company that is not in your best interestAs they get higher commissions putting you into a high interest loan
They do not tell you what you are doing, because you would be upset
Steps to Complete the Refinance
Make sure your credit score is already at 700 or better yet 720
Credit Unions prefer clients that setup auto pay and have their checking account with the credit union
If you already have a relationship with a Credit UnionCall them and see if you can apply in person for a refinance
