Start Consolidating vehicle loans

Consolidating vehicle loans

Many so-called "consolidation" programs can prove not to consolidate debt at all.

The interest may be from 7.99% to 18.99%, depending upon the lender's determination of my creditworthiness, and the loan term can be from 48 months to 84 months (my choice).

If I received this loan, I'd pay off both car loans, but I don't want to take action on this offer unless it makes financial sense and reduces my interest rate, my monthly paymets, and does not reduce my creditworthiness.

If you have more than one car loan you may want to consider consolidation.

We have an existing car loan with a payoff of about $18,000. We have another car loan with a payoff of about $7000.

If automatic payments are not selected, or are canceled for any reason at any time after account opening, the interest rate and the corresponding monthly payment may increase.

5% of approved applicants qualified for this rate based on data from 07/01/2016 – 09/30/2016.

Auto loans obtained from a dealership (where the dealer is the lender) do not qualify for the relationship discount.