Refinancing a vehicle loan can lower your repayments, consolidate debts, or release equity. Here’s when it’s worth it.
When to refinance
If your rate was set when you had a newer ABN, less trading history or a high balloon, there’s often room to sharpen it. Refinancing can also roll several loans into one payment, or release equity from a vehicle you’ve paid down to fund your next purchase.
Check the numbers first
The saving has to beat any exit or establishment fees, so we review your current contract, balloon and payout figure before recommending a switch — no point moving unless it genuinely helps.
Get an obligation-free refinance review with no credit-score impact to enquire, and we’ll tell you if you can do better.
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