What You May Not Know About Auto Loan Consolidation
Print this pageMany people already know about home loan consolidation. But, they may not know about auto loan consolidation.
Vehicles are assets, and auto loans can be refinanced, too. Ideally, with auto loan consolidation, there is room to combine other expenses into the new loan.
Receive a risk-free auto loan consolidation evaluation from Wells Fargo Financial. Submit your information online or call 1-866-452-3413.
The Benefits Of Auto Loan Consolidation
Streamline Expenses
With auto loan consolidation, you could combine other loan balances into a new auto loan if you refinance more than the existing auto loan amount. After the original auto loan is paid off, you could pay off a credit card or two, for example, with what's left.
The result:
- One monthly payment vs. two or three
- Fewer bills to manage
Wells Fargo Financial is one of the few lenders that refinances vehicles for more than their current value. So, even if you still owe a majority of your existing loan, you may still be able to simplify your expenses with auto loan consolidation.
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Lower Your Monthly Payment With Wells Fargo Financial
You can also think of an auto consolidation loan differently.
Combine more than one auto loan to lower overall monthly payments.
If you have two auto loans and one is smaller, for instance, Wells Fargo Financial may be able to combine both of your current auto loans into one new auto consolidation loan. That means one new auto loan, one new monthly payment for you.
Refinance one auto loan to lower the payment.
Refinancing one auto loan to reduce your monthly payment may better fit your needs. Many vehicle owners who refinance with a Wells Fargo Financial auto consolidation loan actually lower their monthly payment by $50.00 or more.
Use our payment calculator to help determine your new auto consolidation loan payment.
Access Cash From Your Vehicle
With an auto consolidation loan, you could unlock cash from your vehicle.
In fact, nearly 50 percent of people who refinanced their auto loan with Wells Fargo Financial received cash out. In some cases, they received $2,000 or more to use as they wished.2
Learn more about Wells Fargo Financial auto consolidation loans.
Risk-Free Auto Consolidation Loan From Wells Fargo Financial
More than 163,000 vehicle owners refinanced with a Wells Fargo Financial auto consolidation loan from March 2007 through April 2008. You could too. Call 1-866-452-3413 or apply online for your risk-free auto consolidation loan.
2 According to internal data from 2007.
Wells Fargo Financial Canada