I am trying to refinance my Mazda car and currently, I am making a payment of $300 a month. What company has the lowest auto loan refinance interest rate? Needs to be available to Florida residents and it does not matter if it is an online company only. Thank you.
What Is The Lowest Auto Loan Refinance Company Out There?
Sorry, you posted this twice, so I'm answering twice. I want to be sure that people down the road get the right information.
There is no one lender with the "lowest rates." We have many lenders that, depending on the situation, have the "lower" rate than the others. It just depends on your car and your finances.
Please note that Florida is enforcing a law that will make you pay sales taxes on your car again if you are refinancing to remove or add someone onto the loan (co-signer). Please just be aware of that as you are moving through the process.
I would start with a local credit union, but really, any one of the major auto refinance brokers are going to be talking to the same financers.
Reply:they are almost all the same. No magical companies with low rates. Credit unions tend to be the lowest in every city. They just like to loan on cars. if your credit is great, you will pay between 7.9% and 9.9%. Probably not much better than you are paying now. Is there any way you can pay the loan off by working double shifts. The choices are pretty lousy otherwise.
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