Give yourself a break, put extra money in your pocket
Consolidate debt into a singular loan
What is Cash-out Refinance?
A cash-out refinance replaces your current auto loan with a new, larger loan, paying you in cash the difference between the amount borrowed and what you owe on your vehicle.
Own your vehicle outright? You can still take advantage of the equity, consolidate debt, and get a lower overall rate using the value of your vehicle through a cash-out refinance.
Benefits of Cash-out Refinance
Cash in hand
Take out a new auto loan that’s for more than you owe on your existing loan, but less than your car’s current value.
Use this money to pay off high-interest debt such as credit cards, taking advantage of the potentially lower rate of your auto loan.
Improve your credit
Paying off your credit cards can reduce your credit utilization and ultimately lead to an improvement in your credit score.
Contact your Loan Specialist for more Information
If you have questions about how a cash-out refinance loan might work for you, one need only ask. We are available to discuss your auto loan possibilities Monday through Friday, 7AM to 7PM (MST) and Saturday, 9AM to 5PM (MST).
Interested in a Cash-out Refinance or need advice? Call us at 844.276.3272
We’ve helped more than
We provide our customers with solutions that improve their financial situation. If you’re in the market for a new or used car, we can help you get the rate you deserve. If you already have an auto loan, we could help you find a better rate that lowers your payment.