Loans
FAQs
What are the benefits of auto refinancing?
How do I know if refinancing is right for me?
Will refinancing affect my credit score?
How do I apply for auto refinancing?
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Refinancing your auto loan may help lower your monthly payment, reduce your interest rate, shorten your loan term, or all three. It can also help you save money over the life of your loan.
Refinancing may be a good option if interest rates have dropped, your credit has improved, or you're looking to lower your monthly payment. Our lending team can review your current loan and help determine if refinancing makes sense for your situation.
Applying for refinancing typically requires a credit inquiry, which may cause a small, temporary impact on your credit score. Making on-time payments on your new loan can help build positive credit over time.
You can apply online, visit any Trax branch, or speak with one of our loan officers. We'll review your application and help you find financing that fits your budget.