What You May Not Know About Auto Loan Consolidation
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Many 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 evaluation from Wells Fargo Financial. Submit your information online or call 1-866-452-3413.
The Benefits Of Auto Loan Consolidation
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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.
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The result:
- One monthly payment vs. two or three
- Fewer bills to manage
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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.
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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.
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Refinance one auto loan to lower the payment.
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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.
Use our payment calculator to help determine your new auto consolidation loan payment.
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Access Cash From Your Vehicle
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With an auto consolidation loan, you could unlock cash from your vehicle.
In fact, customers who refinanced their auto loans with Wells Fargo Financial received an average of $3,410 cash out. 1
Learn more about Wells Fargo Financial auto consolidation loans.
Free Assessment From Wells Fargo Financial
Join more than 1 million customers who financed their auto loan with Wells Fargo!1 Call 1-866-452-3413 or apply online for your free evaluation.
