Getting approved for a car loan with imperfect credit can be stressful. The good news is you don't need perfect credit to get the car you need. At Drivers Lane, we specialize in connecting car buyers with local dealerships in or near Schenectady that are ready to help them get the financing they need. Get started today by filling out our free and easy auto loan request form.
Looking to refinance a car in Schenectady? Typically, you'll have to wait at least a year or two to qualify for refinancing. This is because refinancing is usually only available for people with good credit, and when you've had to take out a bad credit car loan, it'll take time for you to build up your credit. When you're ready to refinance in Schenectady, there are a few things to make sure of before you get started.
First things first, people of Schenectady, your credit has to have improved since you originally financed in order to qualify for a better interest rate. Besides that, you'll also have to be current on your loan payments, have equity in your vehicle, and make sure that your car meets the lender's age and mileage restrictions. Your loan amount must also fall into the new lender's acceptable range.
Sometimes, it's best to try and refinance with your current lender, but if that's not an option, there are usually lenders in and around Schenectady or online that can help. Here at Drivers Lane, we don't deal directly with refinancing, but we can point you toward dealers that may have even better options when you chose to trade in your vehicle rather than refinance. To get connected to a local dealer who has the lending resources you need, just click here to fill out our easy auto loan request form.