It’s common for drivers to rework their auto loan terms with our BMW finance specialists by refinancing. There are many benefits to refinancing, and we make the process easy. Here’s what to know about getting a new loan package from the friendly experts at Fields BMW Lakeland.
What Does it Mean to Refinance an Auto Loan?
Refinancing essentially means that you’re taking out a new loan on your vehicle to replace the original one. The fresh BMW finance package will likely include a different monthly payment, interest rate, and loan term than your original one.
When You Might Want to Rework Your BMW Finance Package
There are many reasons you might want to refinance your auto loan. For example, interest rates might be lower now than when your loan began, so you could save money in the long run. Maybe your credit score has improved, too. Other drivers choose to refinance because they want to pay off their car more aggressively, or if they want to reduce their monthly payments.
Another reason to refinance is to remove a cosigner. If your financial situation has improved and you no longer need the consignee from your original loan, reworking your terms can take them off your paperwork.
How to Refinance Your Loan
To start the refinancing process, just complete our online BMW credit application. Our team will get to work creating a brand-new custom package for you that meets your goals. Then, we’ll invite you to our dealership to sign the new paperwork. It’s that easy!
Meet Our BMW Refinancing Experts in Lakeland, FL
We’re your partners in the entire BMW finance process. If you’re looking to rework your existing auto loan, stop by our BMW dealership in Lakeland, FL. We’ll set you up with a new financing package so you can get back to enjoying your luxury vehicle!
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