Auto Refinancing Tips and Scams

  • Auto refinancing explained and how it saves you money.
  • Why you should consider refinancing even if you have a low APR.
  • Reviews of sites with low rates.
  • How to check your credit and score before refinancing a loan.
  • Steps to increase the chances on getting loan approval.
  • How to get out of paying 21% APR to 25% APR even if you have bad credit.
save some coin by refinancing

What is Auto Refinancing?

It is one of the best kept secrets around for saving you money, but most people never think about it. You pay off your current car loan with a refinance loan from a different lender that has a lower APR.

How You Benefit

You lower your monthly payments and your interest rate drops. This can save you thousands and can allow you to pay off your car even quicker. It's just like finding money in your pockets after doing the laundry. Use the cash that you saved to pay off other debt.
Note: Most lenders will not refinance their own auto loans so you will need to apply with a different one.

Who Should Refinance a Car Loan?

I like to use the 1% rule. After you buy your car, start watching the interest rates at refinance sites we recommend like Capital One Auto Finance, CARCHEX or LightStream and see if you can find a rate at least 1% less than your current rate. Use the calculators on their sites to see how much you will save. You'll be astounded at how much money you just found.

Steps to ensure a speedy auto refinance loan approval

These are important points, so pay close attention. You would hate to get rejected for making a silly clerical error.
  • Applications need to be in the same names with exact same spelling as the names on your current auto loan
  • Have your car loan account number handy
  • You must refinance more than $7,500 - any less and it's not worth the lender's time
  • Have vehicle's proper information - including the car's year, make, model and VIN found on your dashboard or registration.
  • You will not be able to borrow more than the value of the car



NISSAN GT-R R36 GREEN LIGHTED!.Those changes helped the 2014 GT-R drop even more seconds off its official time around Germany’s famed Nurburgring. At 7 minutes, 18.6 seconds with Nissan’s top gun Toshio Suzuki at the wheel, the updated GT-R is now the second-fastest production car around the ‘Ring on stock tires, after the Lexus LFA.Originally introduced in the United States back in 2008, the GT-R has been continually updated over the years with more power and improved handling. Changes for the latest model year include engine tweaks designed to improve mid-range punch and numerous suspension revisions.Nissan has released full details on the 2014 GT-R for the US market. For the next model year, the supercar will continue to offer buyers a twin-turbocharged 3.8-liter V6, though final output will stay at 545 horsepower. There is a jump in mid-range torque, however, courtesy of a new intake and optimized exhaust for an engine that breathes easier than before.Stupefying acceleration; very high handling limits; easy to drive; high-quality and livable interior; bargain price.


Whether or not you're a fan of the look, the GT-R delivers with dizzying acceleration, including 0-60 times of about 3.0 seconds and a top speed upwards of 193 mph. Shifts are made through an automated manual gearbox. In normal driving, the GT-R's performance potential is hard to tap into, but push a little faster when you get the chance and the driving experience is a little more detached and video-game-like than it should be. That said, handling is excellent and the variable power-split all-wheel drive system helps make you both fast and safe.We doubt any GT-R customers are going to mind the bump in price, especially if Nissan can eek out those extra ponies. Based on the test car spotted at the `Ring, it appears any exterior modifications are going to be extremely subtle, or they're simply not fitted to this specific model. Tape on the front fascia suggests the front grille could be altered but, for the moment, this test car appears identical to the 2013 model year. Don't be surprised if the next GT-R goes through a modest diet, to trim down its 3,825 lb.Up front, the GT-R is very easy to recognize due to its large hood bulge, enlarged central air intake, super-wide-beam headlights and its front fenders with the "aero-blades.” The sports coupe’s rear end gets the hallmark four-ring taillights, a functional rear carbon fiber underbody diffuser, rear venting, rear spoiler and integrated quad exhaust tips.He assures us that the 2014 GT-R’s 545 horsepower; its claimed 3825-pound curb weight (our long-term, 2013 GT-R tipped the scales at 3887 pounds); and sticky, run-flat 20-inch rubber will help the car rocket from 0-60 mph in 2.7 seconds (our long-termer hit 2.8), corner at up to 2.8 g, and stop from 60-to-0 mph in less than 100 feet, even in the wet! He says that any changes to this ideal “power-weight-tire footprint ratio” would lead to slower times and less stability.


The Track Edition includes special carbon fiber air ducts in the front spoiler, along with new front and rear brake cooling air guides, to help keep brake temperatures down and ensure maximum stopping power for hot laps. A revised suspension is also part of the package, including specialized Bilstein DampTronic gas pressure shock absorbers and higher spring rates.Nissan discontinued the Launch Control feature due to excessive warranty claims. Since launch control helped yield the former GT-R its excellent acceleration times—with some testers saying the GT-R is a second or more slower to 60 mph without it—Nissan restored it in a limited way for the 2012 model year, while it also boosted total output to 530 hp. In its current guise, the GT-R is already one of the fastest accelerating vehicles we've ever tested. We pitted a 2012 GT-R against a Porsche 911 Turbo S and Bugatti Veyron 16.4 Super Sport. Okay, the $2.6-million Bugatti won the 0 to 60 mph sprint with a mind-boggling time of 2.52 seconds.



2014 Suzuki Alto Spotted During Testing --AutosExpress

2014 Suzuki Alto Spotted During Testing --AutosExpress.The passenger compartment remained stable in the frontal impact. Structures in the dashboard presented a risk of injury to the knees and femurs of both the driver and passenger. Dummy readings indicated marginal protection of the driver's lower legs. Side impact airbags are optional on some variants of the Alto. The current model was launched in 2008 so time has come for a replacement which will be based on the latest WagonR that came out in Japan last year. The car is expected to grow in size compared to the outgoing model and should gain additional equipment inside the cabin. We'd avoid the range-topping SZ4. It comes with lots of standard kit, but there are much better city cars if you're prepared to spend this sort of money. 

2014 Suzuki Alto Spotted During Testing --AutosExpress,2014 Suzuki Alto

The front edge of the bonnet scored no points for the protection it offers to pedestrians' legs. The protection offered by the bumper was marginal. Poor protection was provided by the bonnet in most areas likely to be struck by the head of an adult or a child.Depending on market, the Suzuki Alto is also sold as the Celerio, Nissan Pixo and as a Maruti Suzuki A-Star. These prototypes were seen testing somewhere in the south European mountains and in some of the photos we take a look at the rather modest 90s-like interior cabin.

2014 Suzuki Alto Spotted During Testing --AutosExpress,2014 Suzuki Alto