FAQ

Frequently Asked Questions


At E-Z Auto Refi we believe that anyone refinancing should ask a lot of questions, that way when it comes time to choose a company for your automobile refinance, you’ll quickly learn why others are choosing E-Z Auto Refi for their automobile refinance!

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    An auto refinance is a loan that pays off your existing auto loan, similar to a mortgage refinance, but with a much simpler and faster process.
    Your new lender pays off your old loan and the title to your vehicle is transferred to your new lender.
    Typically, consumers refinance to get a lower interest rate in order to reduce their interest costs, or to lower their monthly payments. Auto loan rates are at very low historical levels, so consumers are increasingly taking advantage of this by refinancing.
    As with any personal finance decision, it really depends on your individual goals. If your goal is to reduce the amount you are paying in interest, you may want to consider an auto refinance loan with the same or reduced term as your existing loan. If your goal is a smaller payment, you may want to consider extending the term remaining on your existing loan, although this may increase the total interest paid over the life of your loans.
    Typically, the only fees associated with an auto refinance loan are fairly standard transfer of lien holder fees (usually $5 to $10) and state re-registration fees ($5 to $75). These estimated fees may vary by lender, state of residence, etc. Be sure to check if your existing lender has any pre-payment fees. This could factor in to your decision to refinance.
    How much you save depends on things such as the remaining balance of your existing loan, the difference between your old interest rate and the new interest rate, the term of your new loan, etc.
    Yes. Since auto loan interest rates have been at historically low levels, an increasing number of consumers are choosing to refinance their existing auto loans.
    Simple. You’ll typically receive a response within hours. If you’re approved and you accept one of the offers, the lender will take care of the auto refinance process for you.
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