When interest rates drop, one of the first things people think about is refinancing their house. But did you know you can refinance your car too?
We know. Life changes, and that payment you’re making on your dream car doesn’t quite fit your budget anymore. You’ve thought about selling it, but you just can’t pull the trigger because you love your ride. Don’t despair. There’s an answer.
Auto refinance
Refinancing a car isn’t necessarily the first thing that comes to mind when people think about refinance. But it’s possible and becoming more popular. If you’re needing to lower a payment, adjust your terms or just want to take advantage of a drop in interest rates, refinancing your car loan might be the way to go.
There are a host of reasons why refinancing might make sense:
You now have a better credit score
Interest rates in the market are down
You want to adjust your term
"Mode is backed by GM Financial, so it’s financing you can trust."
I can’t find the car I really want
Maybe you had even been thinking about buying a new car. But with current inventory shortages, you can’t find the vehicle you had your heart set on. Still, you want to grab those low interest rates. Maybe refinancing is an option. You can keep your car with a payment that suits you better until your “can’t live without it” ride shows up at the dealership.
Whatever your circumstance, Mode℠ is the new way to refinance your car online. Simply go to getmode.com and if you’re approved, we take care of everything, including having you sign your new contract electronically. You don’t even have to leave your couch!
Mode is backed by GM Financial, so it’s financing you can trust.
So, if refinancing your car hadn’t crossed your mind, maybe it should. And let us save you some time with Mode. You’ll get a rate you’ll like, good customer service, all with a company you can trust. Check out Mode today.
By Julie Powell, GM Financial