Refinance Car Loans Websites

Site 1
Site Name: Car Buying Tips.com
Domain Name: http://www.carbuyingtips.com/refinance.htm
Overall Rating: 4/5
Summary: This site gives valuable advice when it comes to refinancing your existing car loan. Honest car dealers will usually advice you to seek a new financing elsewhere other than them and can save you thousands of dollars over the life of the car loan. It is best to seek refinancing from another dealer. Many people are reluctant to seek refinancing because they were duped into thinking that they cannot find another good deal. The extra money or savings that refinancing will generate is like finding money in your laundry and can be used to pay off other debts such as credit cards which carry a higher interest.

Site 2
Site Name: Edmunds.com
Domain Name: http://www.edmunds.com
Overall Rating: 5/5
Summary: This is a very good site when it comes to the arcane and often confusing world of refinancing. The writer here dispenses very valuable advice that you often do not get from the car dealers themselves who want to make a nice profit off the uneducated buyer. The rise of Web has made prospecting for better rates much easier in the privacy of the home and people are no longer shy about demanding for better interest rates. Where before you have to go to a dealer personally to inquire about the refinancing option, doing it on-line gives people anonymity that would not have been possible otherwise. If you can save US$100 per month by refinancing, that would translate to US$6,000 over a 5-year term loan.

Site 3
Site Name: E-Loan (Radically Simple)
Domain Name: https://www.eloan.com/s/show/auto?context=auto
Overall Rating: 3/5
Summary: This site offers all types of loans such as student loans, car loans, personal loans, home equity loans, home refinancing and car refinancing too. This site also offers a lease buyout where the previous car dealer will be paid in full and the payment converted into a new loan at much better rates. Interestingly, the site offers even motorcycle loans and Jet Ski loans for those who are interested. Refinancing and lease buyouts will involve the new car dealer shelling out cash to pay off the remaining balance with the previous car dealer. Everybody should avail of refinancing especially now that the credit crunch has lowered the rates.