The Genesis finance experience doesn’t have to be overwhelming, and when you visit Jenkins Genesis of North East Jacksonville, you’ll find the support you deserve for every step of the process. We provide tools and resources to help you finance your next vehicle with ease, and we’re sharing everything you need to know about vehicle refinancing. Visit our dealership to get started.
What is Vehicle Refinancing?
When you refinance your vehicle, you are essentially taking out a new loan to cover the cost of the original loan. The primary reason to refinance your loan is to overwrite and change the original terms and conditions, including factors like term length, interest rate, or even your monthly payment. Drivers also consider refinancing if they want to add or remove a cosigner from the loan agreement.
What Are the Benefits of Refinancing a Vehicle?
There are several benefits to refinancing a loan. Primarily, refinancing can help you save money, especially on the monthly payments and the interest rate. If you can better meet your loan payments, you may also see a jump in your credit score, as well.
What Should I Consider Before Refinancing?
While there are advantages to refinancing your vehicle, you want to make sure it’s the right method for you. Consider your current term and the type of changes or adjustments you’d like to see to it, because refinancing may not be useful for hitting your financial goals. You also want to check your credit score before making any applications, as your credit score significantly influences which loans will be available to you. Always do your research and compare options before committing.
Finance Your New Genesis in Jacksonville, FL
No matter what your vehicle financing needs might be, you’ll find the support you deserve at Jenkins Genesis of North East Jacksonville. We offer an easy online finance application and payment calculator right here at our dealership. Visit today to begin the refinancing process and take a spin in a Genesis luxury model!
