California Car Loan Refinance

A California car loan refinancing is a way to change the speed at which you pay interest or payments on your car loan. If you purchased a car in California between 2004 and 2006 to broker a loan from a bank or broker and your rate was higher than 6.50%, you paid too much. Through programs offered in places such as UCU (University Credit Union Los Angeles) you get a second chance to lower the interest rate by converting the current loan to lower interest rates. The car must be a new model 2004 -2006 at a dealership in California.

UCU does not require an assessment, if an application for a refinancing loan is fairly simple. You need to give them a copy of the original purchase contract and your current lender and account information to repay the loan. In their turn, will fund your new loan. You can subscribe to a payroll deduction and payments are sent automatically to the UCU.

With most companies as UCU, a new car more than 2004 or a used car purchased from a dealer or private party can be refinanced by the year of the car and its value. Usually, you can find California car loan refinancing companies online and fill out an application online.