Auto Refinancing Loans

Westridge Refinancing

We know that times are a bit tough out there for people who have been affected by the oil prices. We know that if you live in Lloydminster, or near Edmonton and Saskatoon you might be looking for ways to dial back those bills a bit.

Well – at Westridge GMC we’ve been looking at ways to help you- and have found one – Auto Refinancing.

There are pro’s and some con’s when it comes to refinancing an automotive loan – and we want you to be 100% aware of what is involved. We do handle the applications in-house, and typically have a resolution for you within 24 hours.

 

Pro’s

  • Lower your monthly payment
  • Reduce your interest rate
  • Reduce loan term

Con’s

  • Extend your loan term (Some cases)

 

 

With all of the positives of refinancing your loan, there is one more option that will reduce your payments, interest rate, and service bills – financing or leasing a new vehicle. The new pricing and low-interest rates offered on new Chevrolet, and Cadillac’s are incredibly low.  If you have owned your vehicle for more than two years – it is often the best way to go.  With a new vehicle, you are also covered under warranty which prevents service bills and includes your first four oil changes.  We have had customers at Westridge GMC save $237.36 a month.

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