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The actual number of days you will not have a scheduled monthly payment due will vary depending on the terms or your existing loan and applicable state law. Refinancing an existing car loan, generally means to replace your existing car loan with a new credit agreement having its own repayment schedule, a set new terms and conditions with lower interest rate. Its like finding a wad of cash you didnt know you had in your clothes after doing the laundry. The planning of our research programmes reflects online car refinancing latest market trends and industry events.

Most people decide they want to refinance when the interest rates fall. The results offered are estimates and do not guarantee online car refinancing available loan terms, cost savings, tax benefits, etc. Because the first monthly payment on your new car loan will be due 30 to 45 days after the closing date, and the closing date will be 0 to 30 days after the most recent monthly due date of your existing car loan, you will not have a scheduled monthly payment due for 30 to 75 days.

Thats a savings of nearly $6,000 over the life of the loan. Heres another example with the same $16,500 loan for 60 months mentioned above.

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