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How to refinance your existing vehicle
June 20, 2005 01:56 PM EST | Auto Loans | Email to Friend | Comments (0)
Here are some simple tips and reminders to follow if you're interested in refinancing your current auto loan:
- Evaluate your current situation. What is your current interest rate and how much can you potentially save after refinancing?
- Consider what lenders offer in their refinance program. HSBC Auto has a skip-a-car payment offer for qualified customers, no application fees, free no-obligation quotes and a very simple online application process that gives you a decision in minutes.
- Reduce debt. Pay off or pay down your credit card balance and close old accounts.
- Check your credit report. Get a copy of your credit report to make sure all information is accurately stated. Remove any errors before you apply for refinancing.
- Show lenders you’re stable. Make sure you’ve been at your current job and residence for the past 6 months
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