Drive down your monthly car payment before the winter freeze
Fall is a great time to review your finances and ensure you’re prepared for the extra spending that often comes with the holidays. It’s smart to budget, practice mindful spending and look for ways to save—and one way to save is by refinancing your Auto Loan.
Benefits of refinancing
By refinancing, you could secure a better interest rate, lower your monthly car payment or even pay off your loan faster. At Abound, we make it easy to cut costs with competitive rates and flexible Auto Loan repayment options tailored to your unique needs. Lower payments free up more room in your budget to cover gifts, travel, winter utility increases and other expenses the colder months bring. The best part is the benefits of refinancing extend well beyond the holiday season.
Plus, right now, if you move your Auto Loan from another lender to Abound, you’ll get 1% cash back up to $1,0001 and enjoy our new lower rates. Our experienced lenders will crunch the numbers to see if we could lower your monthly payment or help you pay off your loan faster! Learn more through our Auto Refinancing page.
When is it good to refinance?
To ensure refinancing benefits you, consider these key factors:
- Your credit has improved – Credit plays a major role in your loan terms. If your credit score has improved since you financed your car, you could qualify for a much lower rate and save thousands of dollars in interest over the life of the loan and lower your monthly payment.
- Interest rates dropped – Market rates fluctuate, and if they’ve fallen below your current rate, refinancing could secure you better terms. Even a 1% drop can make a huge difference. View our current rates here.
While there’s no universal best time to refinance, entering the winter months with better terms and a lower monthly payment helps you avoid stress and focus on what matters most.
Ready to get started? Apply online or visit your local branch today. Our team will help you explore your options, review your loan terms and see if refinancing is right for you.
1All loans are subject to approval.1% cash back up to $1,000 will be directly deposited into the Member savings account the month following the loan disbursal. Maximum incentive that may be earned per primary Member is $1,000. Offer does not include refinancing of Abound Auto Loans. Subject to $10 membership fee, if not already a Member. Promotion may be discontinued at any time. Offer does not apply to RV, Boat, Motorcycle or ATV loans.
