We won’t ask, you don’t have to tell. Leverage the equity you've built so far in order to upgrade. Or use the cash for whatever you wish, be it personal or business. Give us a call to learn your options.
Cash-out and refinacing auto loans are loans that allow you to borrow more than the value of your car and receive the difference in cash. This is also known as a "cash-out/refinance" or "cash-back/refinance" for auto loans. To qualify for a cash-out auto loan, you will need to have equity in your car. Equity is the difference between the value of your car and the amount you owe on it. If you have paid off a significant portion of your car loan or your car has appreciated in value, you may have enough equity to qualify for a cash-out auto loan.
One advantage of a cash-out auto loan is that you can use the cash for any purpose you wish, such as paying off high-interest debt, making home improvements, or investing in your business. However, it's important to remember that a cash-out auto loan will increase your debt and monthly payments. You will also need to pay interest on the additional amount borrowed, so it's important to carefully consider whether a cash-out auto loan is right for you before applying.
How does the program work?
So, gearhead extraordinaire, don't let dreams be just dreams – finance them! Let's chat about turning your garage into the coolest corner of the universe (or at least the neighborhood).
P.S. We promise to keep the paperwork boring and the car ownership outrageously thrilling.
