Source: http://www.loan.com/car-loans/what-fees-must-be-paid-when-refinancing-your-car-loan.html
Wednesday, April 24, 2013
What fees must be paid when refinancing your car loan?
The costs to refinance your auto loan will depend on a number of factors, including whether you have solid or poor credit. The lender will take into account the following: Direct or third-party factors--If you refinance directly with your original lender, you may save on fees. Going to a third party will cause your original lender to charge you prepayment penalties. Your credit score--Your credit was a factor when you took your original loan, and it is still a factor on your refinance. Low credit can raise fees. Maturity date--If you are able to pay down your debt quicker,...
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