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Auto Loan Refinance and Why Not to Procrastinate

octubre 5, 2017 by Space Coast Credit Union



Procrastinators are often smart, capable, hardworking people—they just can't get things done on time and can't seem to figure out why.” (Psychology Today)

When people refinance their auto loans, they often feel a sense of relief and they wish they’d done so earlier. In fact, they sometimes feel guilty for waiting so long once they see how straightforward the process really is, and how much they can benefit from the refinance—often saving hundreds or even thousands of dollars over the life of the loan.

If you can relate to this situation, here is some advice:
 

Step One

First, banish the guilt. You’re busy and you just haven’t gotten to the refinance yet. Recent statistics show that approximately 26 percent of people today are procrastinators, compared to only five percent from 1978, and our increasingly hectic lifestyles are likely to blame.
 

Step Two

Entice yourself by checking current auto loan rates and using a calculator to determine what your new car payment would be if you refinanced. If you discover that significant savings are possible, then you’re more likely to move forward.
 

Step Three

You might also need to acknowledge why you haven’t yet moved forward with your auto loan refinance. According to Oregon State University, if you have the sense that you don’t know how to accomplish a certain task, you’re more likely to procrastinate. If that sounds like you, then you can discover here how auto refinancing is now faster and easier than ever before.

Plus, you may not know IF you can refinance your car—and one potential stumbling block is the prepayment penalty. If SCCU holds your current auto loan, we can immediately reassure you that we never charge a prepayment penalty on auto loans. If your auto loan is currently being held by another lender, simply check your note or call the lender and ask.

A third reason why some people don’t refinance is because they aren’t sure it’s worth their time. Because SCCU offers one of the fastest and most convenient loan closing procedures, Express Sign, the time investment is small, relatively speaking. Let’s say that the entire process, from start to finish, takes you two hours and you will save $1,000 over the life of your loan. You will have “earned” $500 an hour! Wouldn’t it be nice if all of life was that financially rewarding?
 

Step Four

Apply for your auto loan refinance online. If you like to save money, then refinancing is for you—and there is no time like the present. The process is virtually effortless, and you can both start and finish today.

Call Express Sales:

     • Brevard: 321-752-2222
     • Broward: 954-704-5000
     • Miami-Dade: 305-882-5000
     • All Other Areas: 800-447-7228

We look forward to serving you and saving you money!
 
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