Sometimes, you may not be satisfied with your Lexus finance plan. If you’re looking for better terms or want to reduce your monthly payments, it’s time to consider refinancing your car loan. As part of our Lexus Finance Tips series, here’s everything you need to know about refinancing an auto loan at Lexus of Jacksonville.
What Is Auto Refinancing?
Auto refinancing lets you start new financing terms for your current vehicle while paying off your existing loan. It’s a perfect option for drivers who aren’t happy with their current terms or lender, or who know they can get more cost-savings by switching loan vendors. Our dealership offers refinancing options for drivers who want to save money on their monthly payments.
Why Should I Refinance?
There are several reasons why you might want to refinance your auto loan, including:
- Lesser monthly payments: You may be able to find better monthly payment costs by shopping with a different lender.
- Better interest rates: Interest rates change over time, and you may find lower rates when you refinance.
- Better credit score: If your credit score has improved since you first financed, you might be able to secure better terms.
How Do I Apply?
Applying for auto refinancing isn’t too different from applying for a regular Lexus finance plan. Our team is ready to assist you in finding lenders who are willing to refinance your car. We can evaluate your vehicle’s current value and determine whether you’re eligible for lower monthly payments and interest rates.
Apply for Lexus Finance in Jacksonville, FL
Looking for better terms on your Lexus finance plan? Our dealership can help you. Contact Lexus of Jacksonville today to schedule an appointment with our financing team and take a test drive!
