How to get the best possible car refinancing deal

You may not be aware that if you’re already financing a car, that you can actually choose to refinance -- either with the same lender or somewhere else.

There are many different reasons to refinance. Maybe you’ve found a better deal, or you might just be looking to change your repayments to improve your cash flow.

Whatever the case, it’s important to understand how you can put yourself in the best possible position to find and compare the best car loan options for your circumstances. Here are a few pointers to help you on your way.

There are a lot of options out there when it comes to car financing, and you’ll find reasonable variation in terms of interest rates, features and t’s and c’s from lender to lender. For example, some lenders will offer the ability to pay extra while others may not. So, get out there and do your homework.

We suggest even putting all the data into a spreadsheet for easier comparison later on. And yes, you’ll need to comb through all the terms and conditions because that’s where you’ll find things like additional fees and charges, which of course come into play when determining which car financing deal is best overall.

As said in the previous section, there are a LOT of car financing deals out there. You can save yourself a lot of time and effort by speaking with a broker and leaving it to them to find the best vehicle financing deal that works for you. In case you needed a few more reasons to go with a broker, have a read through this article.

One broker that comes to mind is... well... us! Stratton Finance has more than 20 years’ experience helping connect customers with car finance to match their requirements. We have a wide-reaching network of lenders, so once you let us know what you’re after, we’ll get out there and work hard to ensure what we present to you is the ideal option.

If you’re thinking about refinancing, have you considered trading in your currently-financed car and getting into something brand-spanking new instead? That new model with its fully upgraded features and new car smell is closer than you think. It’s as easy as Quote. Approval. Settled. Simple!

Trading in now and upgrading to a new car can even mean lower monthly repayments with your new finance agreement. So, if refinancing is on your mind, give us a call and we may be able to get you into a newer, better equipped and safer car and help you reduce your monthly repayments.

We’re here to help you every step of the way, whichever way you decide to go. So give us a call on 1300 787 288 if you’d like to find out more about refinancing or trading in and getting a new car and finance agreement today.

Alternatively, you can send us an online message and one of the team will get back to you with a response quickly.