The Auto Refinance Readiness Guide
A free 24 page guide that walks through the arithmetic, the paperwork, and the traps, so you know before you apply whether refinancing your car loan is worth doing.
What is inside
- A one page worksheet for comparing total remaining interest instead of monthly payments
- How to find your real loan-to-value using trade-in book value, and what the common lender cutoffs are
- The document checklist lenders ask for, including what self employed and variable income borrowers need
- How the rate shopping window works and why applications should be grouped inside two weeks
- How to request a ten-day payoff quote and the two mistakes that create a late payment during a refinance
- A negative equity timeline showing when most borrowers cross back above water
- Questions to ask before signing, and the four numbers to verify on the truth in lending disclosure
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Why we wrote it
Most people who ask us about refinancing have already been told a monthly payment. Almost nobody has been told the total cost. The guide exists to close that gap, because the same rate improvement can save you two thousand dollars or cost you twelve hundred depending entirely on the term you accept.
The guide is free and there is no purchase attached to it. If you would rather just read, the same material in shorter form is on our articles page.