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When you buy a new car, there are endless options that you can add on to make your car even better. From upgraded entertainment systems to paint protection, the list goes on and on. And while some of these options may be totally worth it, others are a bit unnecessary (and very overpriced). So let’s talk about what options you should be sure to skip when you buy your next car. Here are the top options you should skip when buying a new car (and how you can make sure you get the best deal possible).The Dealer Add-Ons You Should Skip #1 Fabric ProtectionDealerships will often offer fabric protection on your car’s interior. While this may seem like a good idea, especially if you have kids or pets, try not to be lured in by this. Dealers will use words like “molecular adhesion” to try to sell you on the effectiveness of their fabric protection treatment, but make no mistake–this is the same treatment as a $5 can of Scotchgard. So save yourself thousands, pick up some Scotchgard, and take fifteen minutes to apply it yourself. #2 AntiTheft Window EtchingA new offering that many dealers will try to sell you on is anti theft window etching. The thought behind this is that by etching your VIN number directly on your windows, criminals will be deterred from stealing your car. Essentially since it will be easier for police to recover, it will be less valuable for criminals. First of all, this is merely speculation and is not grounded in research. Second, if you truly believe that this will deter thieves, you can buy a window etching kit on Amazon for less than $20. Paying $500 for this service is money out the door. #3 Nitrogen Filled TiresNitrogen filled tires are not a bad idea. In fact, there are some real benefits to this. Nitrogen is more temperature stable, meaning that when the weather changes you won’t need to worry about your tire pressure changing. This can also help your tires to last a bit longer as they will wear more evenly. So the issue isn’t having nitrogen filled tires–the issue is paying upwards of $100 to have them. If you want to get nitrogen in your tires, simply head over to your local tire shop where they will fill them for a few bucks. #4 RustproofingSome dealers will offer an option to rustproof the car with an undercoating. But this is pretty redundant as new cars are already rust-proofed before they leave the factory. #5 Window TintingDepending on where you live, window tinting might be a good idea. A window tint in an extremely sunny place can save you a lot of frustration and actually make driving safer. But the dealerships will charge a very high fee for window tinting. Take a look around your area to see what local places offer window tinting (it’s a pretty common side hustle as well) and determine how much tinting will cost if you have your heart set on it. Chances are you can have them tinted for much cheaper after you purchase your car. #6 Factory Roof Rack AccessoriesA lot of us could use roof racks for one reason or another. Maybe we are into hiking and taking our bikes out on the trails, or maybe we could just use the extra convenience when getting our Christmas tree. But buying the factory roof accessories can be a big waste of money. The main reason is that factory roof racks are only designed to fit your brand of car, and in most instances you will need to buy adapters from companies such as Thule or Yakima to fit other accessories. You are much better off getting an aftermarket rack that you can move from vehicle to vehicle and take with you when you no longer want your new car.  #7 Tire and Wheel UpgradesCustom tires and wheels can look great, and you will often see them on display cars at the shop. But in reality these are a huge cost that may not be worth it. First of all, you will most likely be able to find nice wheels and tires on your own and pay a lot less. But besides that, there’s also a chance that the upgraded tires won’t be covered by your original warranty. If you want to go this route, be sure that your warranty covers them (or that you are prepared financially for there to be a problem). If the car model you are eyeing up has the higher end wheels, you can ask the dealer to have them swapped back to the original.How to Get the Best Deal When Buying a New Car When you go to buy a new car, it can feel overwhelming. So being prepared is key to ensuring that you not only get exactly what you want, but that you don’t overpay it as well.  Step 1. Make a list of all of your “must haves” when buying a car. This should include the add-ons you can’t live without.  Step 2. Determine your budget. Look at your monthly budget carefully to decide how much you can afford on a new car. In general you should not spend more than 20% of your monthly income on transportation (this includes gas, insurance, parking, maintenance, etc). Step 3. Read customer reviews. Look online to determine which makes and models will best suit your needs. When you hone in a few choices, read as many reviews as you can–the good and the bad–to get a sense of if the car is right for you. Step 4. Get your finances in order. If you are going to finance your new car, prepping your finances will help you to saucer the best car loan APR possible. Make sure you have enough cash to make a down payment of 20% as well. This will help you get a more manageable and lower interest loan. Step 5. Prepare to negotiate. Chances are you will have to haggle a bit when the time comes to buy your new car. But knowing your bottom-line budget will help you with this. Stay firm when saying “no” to add ons, and prepare to walk away if the dealer is giving you a hard time. You should be able to negotiate out of unnecessary fees too, such as delivery fees.Those are the options you should skip when you buy a new car and how you can get the best deal possible. If you already have a new car that is financed, you are probably overpaying every month on your car loan. Contact Auto Approve today to see how much money we can save you! GET A QUOTE IN 60 SECONDS

When you are looking to buy a new car, you have two main options when it comes to financing. You can finance through the dealership where you are purchasing the car or you can finance the car separately from a bank or other lender. So how do these two options stack up?Here’s how financing a car through a dealership works compared to financing a car through a bank.How does financing through a bank work? When you finance through a bank you will typically get preapproved before you go to buy your new car. Preapproval means that the lender has looked at your financial and personal information and determined that you are eligible for a car loan. And getting preapproved by a few different lenders can help you get the most competitive rates possible. Getting preapproved is easy. In order to get started, you will need to research which lenders you would like to apply with. Consider any banks or credit unions where you already have relationships first, then look online and see where you may be able to get the best rates. When you apply for preapproval you will need the following information:Your personal information. This will include your name, date of birth, and Social Security number.Address and housing information. This will include how long you have lived at your current address and your mortgage or rental information.Your income and employment information. This will include your annual income, employment status, and employer’s name.Loan information. Since this is for a preapproval, this number will be approximate. You should have an idea though of how much you want to finance and how long you want your loan term to be. Once you apply for preapproval lenders will pull a hard inquiry on your credit report. They will then determine if you qualify for a car loan and determine how much they are willing to loan you. When you have this information, you can bring it to a dealership and start looking seriously at a new car. When you find a car that you like and that fits in your budget (and approved loan amount), you will have a bit of leverage at the dealership as you will be seen as a “cash buyer”. When you decide what car is right for you, you will contact the lender to give them the particular details of your loan (such as the actual total amount of the loan). Your car must meet certain criteria in order for the lenders to agree to finance your car. Typically the car must be less than ten years old and have less than 100,000 miles on it. If the lender approves the final details of your loan, that’s pretty much it. You will sign some paperwork, the bank will send the money to the dealership, and you will start paying your loan to the bank. When you pay off your loan after x amount of time, the lender will sign the title over to you and the car will be yours.How does financing through a dealership work? Financing a new car through a dealership is pretty similar to financing a car through a bank, but there is one main difference. In this instance the dealership acts as an intermediary between you and the bank.  When you go to purchase your car, you will go to the dealership and fill out the same information you would fill out when applying for a bank loan. The dealership then takes your information and submits it to multiple banks on your behalf. Dealers tend to mark up the rates that they receive, keeping the extra money as a fee for doing the work for you. They will then pass the information on for you to decide which loan is right for you. In some instances dealers offer in-house financing. These financing offers cater to those with poor credit or no credit at all, and because of this they tend to have very high interest rates and fees. Is it better to finance through a dealership or a bank? In general you will find better rates when you finance directly through a bank. This is simply because dealerships act as intermediaries, and all they really do is take some of your money in the transition. But depending on your situation, this might not always be the case. Your best bet when it comes to financing is to get pre approved from a few banks or credit unions before you even set foot in a dealership. This will give you a leg up right from the start. Then, when you get to the dealership and select a car you can see if the dealer financing offers anything better. Getting preapproved will help prove that you are a serious buyer as well. Having a set number that you are preapproved for will also help you to avoid addons. When the dealer starts trying to upsell you on this and that, you can simply say that you are not pre approved for any more than the stated amount. In general being preapproved will give you a stronger negotiating power and help keep you in the driver's seat.  How to prepare yourself for car loan financing. Whether you finance your car through a bank or a dealer, you will need to make sure that your finances are in great shape ahead of time. Your credit score and credit report will be scrutinized by any lender that you apply with, so it’s a good idea to get them into top top shape before you start applying. Here are a few ways you can make sure your finances are in order before you apply for a lar loan:Review your budget thoroughly to ensure that you can afford a monthly car payment (in addition to other transportation costs)Pay down any high interest debts you may have.Request higher limits on your accounts.Make on time payments.Request a copy of your credit report and review it for errors.Resist opening new accounts in the time leading up to your application.Save for a down payment. This will help you take out a smaller loan and can help reduce the interest rate you may be offered. Preparing your financing can help you secure a better rate and better terms, so it’s important to take the time to do so.That’s everything you need to know about financing a car through a dealership.Financing a car through a dealership is not always the best idea, and will most likely not score you better terms. But it’s not impossible to get a better deal through a dealership, so you should keep an open mind, do some research, and see how the offers shake out.  If you have already financed a new car, there’s a good chance you are overpaying every month. Contact Auto Approve to find out just how much you could be saving!GET A QUOTE IN 60 SECONDS

It’s no secret that owning a car is a big responsibility. Not only do you need to think about how you will pay for your car, but you also need to think about how you will take care of your car. While cars do not require the maintenance that they used to, you still need to make sure you are keeping an eye on how your car is running and perform regular maintenance. Sticking to a maintenance schedule is a great way to keep your car running smoothly (and keep you on the road). But how often do cars need maintenance? Here is how often cars need maintenance and how you can develop a car maintenance schedule that works for you.What type of car maintenance do I need to do?Performing regular car maintenance will help you prevent many problems, while also helping you detect issues before they develop into more serious issues. When we talk about car maintenance, we are talking about quite a number of things. In general, you want to ensure that your fluids are replaced and/or topped off, your safety mechanisms are working properly (such as windshield wipers and brake pads), and that the engine is running and functioning properly.  While we will get into more details later, car maintenance includes:Changing your oilChanging your cabin filtersMaintaining proper tire pressureReplacing windshield wipersChecking the shocks, struts, and springs (the suspension system)Checking spark plugsChecking emissionsAnd much more When a car is new, it requires very little maintenance. But after about 36,000 miles you should start considering either taking your car in to get serviced regularly or performing your own maintenance and sticking to a schedule. Dealerships and service departments will tell you that you need to service your car constantly, but in reality you should consult your owner’s manual and keep an eye on your car to determine when and how often maintenance should be performed. Your owner’s manual is written for your car specifically and gives realistic timetables for maintenance. Service departments have one main goal: to make money. And shaming you into getting oil changes and tire rotations as frequently as possible is a great way for them to do this.What signs will tell me I need car maintenance? More than anything, you should pay attention to your car to determine when maintenance is required. Here are some common indications that your car needs some attention.Your Dashboard Lights Come OnThe dashboard lights on your car are your first indicators that something needs attention. These lights may include:Check Engine LightBattery LightTemperature Warning LightOil Pressure WarningAnti Lock Braking Light (ABS)Brake System WarningTire Pressure Monitoring System (TPMS)And more If any of these lights are on, it could be something minor, or it could indicate a much more serious issue. Your Braking Feels OffYou know how your car drives, so you should notice when something just feels “off”. And when that something is your braking system, you definitely should not wait around to get it checked out. Your Fuel Efficiency is SlippingIf you notice that your car is suddenly less fuel efficient, it could be a sign of bad sensors or leaky fuel injectors.Your Shifting Feels OffAutomatic transmissions should shift smoothly and seamlessly, so if you notice a lurching or clunking, it might be a serious problem with your transmission system. Other Signs to Look ForAgain, you should know how your car drives. So you should notice when there is a noticeable shift. Aside from the signs above, you should also keep an eye out for a lack of acceleration, excessive or abnormal vibrations, and trouble starting your vehicle.  What is a sample car maintenance schedule? While you should always consult your owner’s manual for specific maintenance timelines, there are some rough guidelines you can follow to create a car maintenance schedule that works for you.Service ImmediatelyIf you notice any of the issues from above, you should bring your car in immediately to be diagnosed. If you have a check engine light, your mechanic can run a diagnostic test to determine the issue. Code readers will tell your mechanic what the issue is, and they can advise you on the best solution. Additionally, you should have your car serviced immediately for blown headlights or taillights and any tire pressure warnings.  Monthly MaintenanceEvery month, you should do check up for your car where you look at the following:Fog lights, turn signals, brake lights, and parking lights. Have a friend help you determine that they are all in good working order. A missing light is not only dangerous, but it can get you pulled over and you may be required to pay a fine.Check all of your fluids. This means your oil, coolant, power steering fluid, and windshield fluid should be topped off.Tire pressure. You want to keep an eye on your tire pressure and your tire tread. Ensuring that your tires are properly inflated will help your tires to last longer and will keep you safer on the road. Make sure that your tread isn’t too worn away, as that will make for unsafe driving conditions. Three Month MaintenanceEvery three months you should do a check up that is a little bit more in depth. This should include checking the following:Your oil and oil filter. This will vary depending on your car and how much you drive, but 3 months/ 3,000 miles is a good benchmark for an oil change (if you use synthetic oil, you can go closer to 8,000 miles before needing a change). Belts and hoses. Do a quick visual inspection of the belts and hoses under the hood to ensure nothing is torn or fraying.Battery and cables. Check all of the cables to ensure there are tight connections. Wiper blades. If your windshield wiper blades are torn, frayed, or leaving streaks, it’s a good idea to replace them so they do not become a problem and impair your vision. Six Month MaintenanceThere are a few maintenance steps you should perform twice a year. Every six months be sure to check the following:Exhaust system. Give a visual inspection to your exhaust system, checking for any damage or corrosion. Pay extra attention to this if your muffler seems louder than usual.Battery. Check your battery's performance twice a year, especially once it is older than three years. This is when they can start losing their juice a bit. Auto parts stores have voltmeters for you to check your battery’s performance.Rotate your tires. Tire rotation is important to ensure that your tires are wearing evenly and will last longer. Your owners manual will instruct you on how often to rotate them and the correct pattern in which to rotate your tires.Lubricate the chassis. Some cars require you to lubricate the chassis from time to time. Your owner’s manual will instruct how often you should do this.Yearly MaintenanceOnce a year your car will require the following maintenance.Check the brakes. You should obviously get the brakes serviced if you ever feel that something is off and your brakes aren’t performing properly. But every year you should inspect the brake system even if there seem to be no issues. This includes checking the brake fluid, the rotors, brake pads, and brake linings to make sure everything is in working order.Replace your cabin air filters. Cabin air filters help to keep the air in your car clean, so replacing them every year is good practice. Replace your coolant and antifreeze. These fluids should be drained and replaced every year to keep your engine in good working order.Two Year MaintenanceEvery two years your car will require the following maintenance.Check the transmission fluid. Transmission fluid should be replaced every 30,000 to 60,000 miles and should be topped off as needed.Check your spark plugs. Spark plugs can usually last up to 100,000 miles, but it’s a good idea to check them every now and then. If you notice your car is having trouble starting, this may indicate a failing spark plug. Other Maintenance to Keep an Eye On.Additionally, there are some car maintenance issues that are longer term that you will need to keep in mind. These include:Replacing the timing belt (typically between 60,000 and 100,000 miles)Replace the battery (typically every five years)Replace your tires (typically every 6-10 years)Check on the transfer case fluid (consult your owners manual to determine when to have this done) And that is how often cars need maintenance. Car ownership comes with a lot of responsibilities, and maintenance is at the top of that list. Car payments are another thing that are on the top of that list, and if you are making payments on your financed car there’s a good chance you are overpaying every month. Contact Auto Approve today to find out just how much money you could be saving!GET A QUOTE IN 60 SECONDS

Buying a used car is both similar and not similar to buying a new car. While you are ultimately looking for a car that is dependable, safe, comfortable, and stylish, you have a lot more things to worry about. After all, used cars have a history that you aren’t going to ever truly know.  Here is your complete guide to buying a used car.What are the pros of buying a used car? There are actually quite a few benefits to buying a used car, and a lot of them are financial. First and foremost, a used car is always cheaper because you miss that first big hit of depreciation. Depreciation occurs throughout the life of a car, but the biggest hit occurs when you drive off the lot (and then in the first year of ownership). In fact a car loses about 10% of its value the moment it leaves the lot. In the first year, it loses a total of 20% of its value. So by buying a used car, you miss out on that depreciation. This ultimately means that a used car is just flat out cheaper than buying a new car. Additionally, used cars don’t come with the hidden fees (like shipping fees) that typically occur with new cars. A used car may also come with options that would have driven the price up significantly more had the car been new. Roof racks, all purpose weather mats, and entertainment systems would all drive a new car price up by thousands of dollars, but when a car is used, these features do not cost nearly as much. You may also find that some used cars have warranties left on them (most leases end after three years while most factory warranties last five years and are transferable to a new owner). Used cars are also cheaper to insure than new cars, so you will not only save when you buy your car, but you will save every month on insurance. In general, buying a used car is just less expensive than buying a new car.What are the cons of buying a used car? With a lower price tag comes some trade offs however, so you will have to weigh if the disadvantages are worth the savings. First off, your car isn’t made to order for you. That means that it will most likely not have everything you need or want in your new car. But what’s worse than that is the unknown history. A used car has had a life before you, and you will never really know how your car was handled. While you can hope that service records and CarFax will tell you a good story, you will never truly know how the car was driven and maintained.  Additional cons of buying a used car include:Limited warranty. If your used car does come with a warranty, it will only last a few years.Lower fuel efficiency. Newer cars are becoming better and better when it comes to fuel efficiency. An older car will inevitably be outpaced by a new car with good fuel economy.Possibly less safety features. As with fuel efficiency, new cars are becoming safer and safer. Older cars may not have some of the safety features that you want (or need),Problems will arise sooner. All cars inevitably need some work. After 50,000 or 100,000 miles, there are going to be some issues that will need to be addressed. When you buy a new car, you have a long while before you have to worry about any of this. But with a used car, you are that much closer to hitting higher miles (and thus needing some repairs)Limited financing options. You may find it significantly harder to finance a used car as opposed to financing a new car. It is not uncommon to find predatorily high interest rates in the used car market. So while buying a used car is significantly cheaper than buying a new car, there are some important tradeoffs you will need to consider. Here’s what to do when buying a used car. If you decide that buying a used car is the right move for you, here are the steps you should take to ensure you get the best used car deal possible. Step 1. Figure out your budget.This is the same whether you are buying a new car or a used car. The first step you need to take is to determine how much you can actually afford to spend on a used car. Here are a few tips to help you figure this out:Aim to put down AT LEAST 10%, but preferably 20%, as a down payment. This will give you more financing options and ensure that your loan doesn’t end up underwater.Plan on spending no more than 20% of your monthly income on transportation expenses. This means your car payment, insurance, gas, maintenance, parking, and tolls. Step 2. Determine the right car for you.There are loads of used cars out there, so your next step should be narrowing down your options. What type of car do you need? An SUV, a pickup truck, a sedan? Think about how you plan to use your car and prioritize the features you are looking for. Is good gas mileage important/? Do you need a lot of cargo space? There are a lot of things to consider, so be thoughtful when working through this. After you have a pretty good idea of what you are looking for you can start researching makes and models. What brands are reliable? What models hold their value? Go on Kelley Blue Book or Edmunds to start sizing up which cars may work for your budget. When you get a list of what cars have what you are looking for, read reviews from owners to determine if it’s a good fit. Pay attention to the good and the bad, taking note of the things that might be a dealbreaker for you.Step 3. Look for the right car.Now is when you can start actually looking for your used car. Keep in mind that you will not have the variety that you would if you were buying a new car, so you should have a few options that you are open to. There are a number of places you can look at when looking for a used car.Online marketplaces. A great option is to look at an online marketplace such as Autotrader or Autolist. These sellers have listings from across the country and include cars from traditional dealerships, online dealers, and even private sellers. Online dealer. You can also look directly at online dealers such as Carvana and Vroom. These companies have their own inventories and you can actually purchase your car directly online. In many instances you can even return your car if you are unhappy. Traditional dealership. You can choose to go old-school and see what your local dealers have to offer. While less convenient than shopping online, this gives you the chance to actually test drive, which is a huge perk.Other third party platforms. Facebook marketplace, Craigslist, and even Ebay are other places where you may be able to find the perfect car. Since people are often looking to get rid of their car quickly, you may have luck getting a great deal on your used car. Step 4. Check the price.When you find some cars that sound good to you, you want to make sure you are getting a fair price. Kelley Blue Book and Edmunds are again great places where you can check this information. You should look at the make, model, year, mileage, options, and condition of the car when determining a fair price. Here is where you should also pull the car’s vehicle report to ensure that there is no significant damage to the car that you are unaware of.  Step 5. Contact and test drive.If everything seems to be checking out, it’s time to contact the seller. Be sure to ask the following questions:How many owners has the car had?Are there liens on the vehicle?Are there service records? You should next set up a test drive so that you can make sure the car is a good fit for you. When you drive the car, make sure you don’t hear any weird noises or feel any weird sensations. Be sure there is good visibility, the car handles well, and the brakes are in good working order Step 6. Buy and drive.If you have landed on the best used car for you, the next step is to negotiate. Use your knowledge of the online prices you saw to guide you to the best price. Once you land on a number, you can either hand over a check or secure private financing. Then the car is officially yours. That’s everything you need to know about buying a used car. If you are overpaying every month on your car loan, then now is the time to refinance. Contact Auto Approve today to see how much you could be saving!GET A QUOTE IN 60 SECONDS

Basic maintenance is incredibly important when it comes to keeping the car you love in working order. And tire maintenance should be near the top of your list. After all, your tires are where your car meets the road, so it’s imperative for your safety that you keep your tires in good health.Here’s everything you need to know about tire rotation (and why it’s important).What is tire rotation?Don’t your tires rotate every time you drive? (ba-da-boom) All jokes aside, tire rotation is important because it helps to ensure even wear on your tires. Based on how your tires are positioned, they will wear differently from the other ones. For example, front tires tend to wear faster than rear tires because they steer and brake, as well as carry the weight of the engine. If a car is rear-wheel drive the rear tires may wear faster than the front tires. Even if a car is all wheel drive the tires should be rotated to ensure even wearing.  When you rotate your tires, you typically rotate them in a criss-cross pattern. For Front-Wheel Drive: The front tires move to the rear. The rear tires move to the front, with the left and right tires swapping in the back and the front. Rear-Wheel Drive: The rear tires move to the front. The front tires move to the rear, swapping the left front to the right rear and the right front to the left rear.All-Wheel Drive: The rear tires move to the front. The front tires move to the rear, swapping the left front to the right rear and the right front to the left rear.Four-Wheel Drive: The right front tire swaps with the left rear and the left front tire swaps with the right rear tire.Uni-Directional: These tires are an exception to the criss-cross pattern. These special tires have tread that only rolls in one direction, so they need to stay on the same side. Rotate the left front to the left rear and the right front to the right rear.  Rotating your tires will ensure that your tires last longer and drive more safely.When should I rotate my tires?There is quite a lot of debate on when you should actually rotate your tires. Most car manufacturers recommend rotating your tires every 3,000 miles to ensure even wear. But some mechanics and experts say that you can go as long as 8,000 miles between rotations. So it’s a good idea to rotate our tires somewhere in the middle, say around 5,000 miles.  But you don’t need to go by a hard and fast number to know when it’s time to rotate your tires. You can (and should) instead go by how your tires are wearing. You should regularly check the tread depth of your tires, and when you notice that there is a difference in depth between the front tires and the back tires, it’s probably time to rotate.  Tread depth tools are available at most auto shops, so it’s a good idea to keep one in your glove box to check periodically. As your car approaches the 4,000 mile mark, start checking to determine if it’s time. If the difference is minimal, you can wait a little longer. But if you notice your car seems to be driving differently, don’t put off a tire rotation.What causes tires to wear unevenly?We already discussed why front and rear tires wear differently, but there are other factors that affect how tires wear. It’s important to pay attention to how each tire is wearing, as certain wear could be a sign of other problems.Inner and Outer Tire Wear: If there is uneven wear on the inner or outer part of the tire, it is usually a sign that there is an alignment problem. This misalignment can cause issues that are far worse than tire wear, including suspension problems, steering problems, and safety issues. If you notice this type of wear you should take your car to a mechanic to have your car realigned.Center Tire Wear: If the center of your tire is wearing more than the rest of the tire, it is most likely an indication that your tire is overinflated. Be sure to consult the owner’s manual for the correct PSI.Perimeter Edge Tire Wear: On the other hand, if the perimeter of your tire is wearing out more than the center, it is most likely an indication that your tire is underinflated. Be sure to consult the owner’s manual for the correct PSI.Cupping Tire Wear: Cupping tire wear is when there are dips here and there on your tire tread. This indicates that there is a problem with your car’s suspension. If you hit a pothole or have noticed a bumpy ride lately, you should get your car checked out as soon as possible. How do I prevent tire wear?Tire wear is inevitable to some degree, and your tires should be replaced every 40,000- 50,000 miles. Additionally, tires should be replaced every 6-10 years regardless of the wear pattern. As tires get older, they become less reliable (even if you aren’t driving on them a whole lot). Following these guidelines will help ensure the safety of your car.  Keeping an eye on the health of your tires is imperative. And while tire wear is inevitable, here are some steps you can take to be sure that you aren’t wearing your tires more than necessary.  Checking your tire pressure regularly, measuring the tread wear regularly, and giving a monthly visual inspection to your tires will help you keep in tune with their health. Taking your car in to have regular tuneups and tire rotations will also help keep your tires in good health. Driving safely is another important step to take to keep your tires from wearing out prematurely. This means avoiding excessive speeding, not slamming on the brakes, and taking turns carefully rather than cutting your tires aggressively.That’s everything you need to know about tire rotation and how to get the most out of your tires. Tire maintenance is an important part of car ownership. After all, we should take care of the things that we depend on. Your car needs to be well maintained in order for it to be the reliable transportation that you depend on. You should also make sure that your car finances are maintained properly. If you are like a lot of people, you are probably overpaying on your car loan every month. But Auto Approve is here to help! Our agents can get you a free quote in seconds and help you save thousands of dollars over the life of your car loan. So don’t wait any longer, contact Auto Approve today!GET A QUOTE IN 60 SECONDS

Spring is the perfect time to gather your family, friends, or your four-legged sidekick and hit the open road. And in the United States there are endless amazing spots to check out, from national parks to beaches and everything in between. We've compiled our top eight spring road trips that will help you shake the winter doldrums and celebrate spring with the windows rolled down.Here are eight must-drive road trips for this spring.Northeast1. New York City to Cape May, New JerseyWe don’t need to tell you how much there is to do in New York City, from Broadway to baseball games to grabbing a slice of the world’s best pizza, you will never have a dull moment. And spring is the perfect time for all of this. But leaving the Big Apple and heading south on the New Jersey Turnpike will offer a great mini road trip with loads to see and experience.  While the drive is less than 200 miles, there are endless towns to stop in and explore. Here are some of our favorite spots on the way:Liberty State Park and the Statue of Liberty. Hit this first as you get out of the city, because yes, the Statue of Liberty is actually in New Jersey!Point Pleasant Beach. A quintessential Jersey beach town that is great for families (and has one of the cutest boardwalks in Jersey.)Asbury Park. A must see for any music lover, Asbury Park is where Springsteen first got his start.Atlantic City. No trip down the Jersey coastline is complete without a stop in AC. Whether you want to hit the slots or just grab some salt water taffy, Atlantic City is a spot you don’t want to miss. When you get to Cape May, there are loads of gorgeous sights to see. Historic homes, boutiques and galleries are everywhere, and the Cape May bed and breakfasts are hard to beat.2. The Acadia All American Road, MEIf you are in the northeast, there are tons of beautiful and scenic spring drives to take. But the Acadia All American Road really takes the cake for us. This trip is only 40 miles, but driving through Acadia National Park is an experience you won’t forget. You can stop at Cadillac Point, which is the highest point on the North Atlantic coast, then stop at Jordan Pond and Sand Beach for even more stunning views. Southeast 3. Asheville, North Carolina to Gatlinburg Tennessee Spring is the perfect time for this southern style road trip through the Great Smoky Mountains. This two hour drive hosts lots to see and a few fun stops to make along the way. Here are some of our favorite stops for this short trip.Bryson City. This little North Carolina town has fields of wildflowers and gorgeous streams that run through it to make it a perfect spring stop. You can even go white-water rafting and fly fishing if the weather permits.Cherokee. This North Carolina reservation town is a great place to take in some history and appreciate the 18th century Cherokee lifestyle.Pigeon Forge. The home of Dollywood, Pigeon Forge is a popular vacation area with tons to do, especially if you are a country music aficionado.  When you get to Gatlinburg, you can head to the Anakeesta theme park for a day of adventure, get spooked on a Gatlinburg ghost tour, or go horseback riding at the Smoky Mountain Riding Stables. 4. The Overseas Highway, FloridaThe Overseas Highway runs for 113 miles, starting in Miami and ending at the most southern point of Key West Florida. With 42 bridges that make you feel as if you are literally driving on the ocean, it’s an unreal experience to take in. And while you may think that there aren’t a lot of places to stop on this journey, that’s far from the case.John Pennekamp Park in Key Largo. This park offers a ton of aquatic activities for you, from glass bottom boat tours to scuba diving.Dolphin Research Center. Located in Marathon, this center gives you the chance to get up close and personal with dolphins. If you’ve dreamed of swimming with dolphins, you can’t pass this up. When you get to Key West, the restaurants and beaches are hard to beat. And this trip is not complete without a slice of Key Lime pie.Midwest 5. Black River Scenic Byway, MIThis is a perfect road trip for all of the nature lovers out there. Starting in Bessemer, this route takes you to the largest of the Great Lakes, Lake Superior. With countless sights to see, there is beauty to be found everywhere.See the waterfalls. There are six different waterfall areas along the way, depending on how far you want to hike. Visit Ironwood. This historic mining town is a great place to stop and take in some history, and even tour some old mines. When you get to Lake Superior, there is no shortage of things to do. Whether it’s touring the famous lighthouses or taking a hike in the Ottawa National Park, this springtime trip is bound to reconnect you with nature. 6. Peter Norbeck National Scenic Byway, South DakotaThis 70 mile drive through Custer State Park boasts some stunning views of rock tunnels and granite spires, and ends at the iconic Mount Rushmore. This masterpiece of engineering is a must-see. In addition to seeing tunnels and bridges, there is a ton of wildlife to observe. When you get to Mount Rushmore, there is a lot to do (in addition to taking in all that the monument has to offer).Sculptor's Studio. This studio was built in 1939 as a second on-site studio for sculptor Gutzon Borglum. The studio features models and tools that are related to sculpting.Lincoln Borglum Museum. This museum explains the history of Mount Rushmore and is a must-do when visiting.Avenue of Flags. The Avenue of Flags is just that–an avenue of flags. It was initially established as part of the celebration of the United States' Bicentennial in 1976. It has 56 flags that represent the 50 states, one district, three territories, and two commonwealths in the United States.West 7. San Antonio to Austin, TXIf you are in the southwest, this Texas road trip is sure to not disappoint. In San Antonio you can catch the Fiesta Days from April 16-26, where you can see parades, music, and enjoy some great food. Afterwards you can head out on Bandera Road and take a scenic drive through Hill Country. Here are some great stops on the way:The town of Bandera. Known as the “Cowboy Capital of the World”, this quintessential Texas town is a no-brainer to stop in for a taste of true Texas.San Antonio Missions National Historical Park. A 948- acre park with colonial missions. You can take a guided tour or just walk the grounds and take it all in. When you get to Austin, it’s hard to go wrong. With one of the best music scenes in the country, pop into any restaurant, bar, or lounge to get a feel for the Austin scene.  8. Pacific Coast Highway, CaliforniaThere’s no bad time to take this iconic road trip, so why not do it this spring? Stretching from Dana Point in Orange County to Leggett in Mendocino County, this drive features white sand beaches, gorgeous mountain views, and ocean sights that are unforgettable. On top of stunning views, there are tons of places to stop along the way.Santa Monica Pier. This iconic boardwalk features an amusement park, concession stands, and beautiful places to stop and take in the scenery.Hearst Castle. Formally known as La Cuesta Encantada, Hearst Castle is a historic estate in San Simeon, that belonged to William Randolph Hearst, the publisher. This castle is an architectural marvel and a must-see spot on your drive.Point Sur State Historic Park in Big Sur. The 1889 Point Sur Lighthouse cannot be missed on your trip. It sits 361 feet above the Pacific Ocean on a large volcanic rock, and is on the National Register of Historic Places.Golden Gate Bridge in San Francisco. This iconic bridge draws in ten million visitors each year to gaze at the 746-foot tall towers and sweeping main cables that make this bridge one of a kind. When you arrive in Leggett, the natural beauty of the town is sure to stop you in your tracks. Be sure to see some of the largest trees in the world at Standish-Hickey Recreation Area or at Smithe Redwoods State Natural Reserve. Those are our top eight road trips you need to take this spring. Spring is all about reconnecting with nature, and these road trips are great ways to do so. But before you hit the road, make sure your car (and wallet) is up for the trip.If you are overpaying on your car loan, Auto Approve can help! By refinancing your car loan, you can save a lot of money. And who couldn’t use some extra cash? So get in touch today to get your free quote!GET A QUOTE IN 60 SECONDS

When you lease a car, you don’t really own it. Instead, you are renting your car from the dealership. But what if you know your car’s value is higher than its list price in the contract? Is it possible to sell your leased car and make some money? The short answer is YES. So let’s take a look at how selling a leased car works.Here’s how you can sell your leased car (and why it might be a good idea).Do I have equity in my leased car?When you lease a car, your payments are based on the residual value of the car. Residual value is the expected value of the car when the lease is over. This value is predetermined and listed in your contract and is based off of the expected depreciation that will occur over the life of your lease.But these numbers don’t always reflect what the actual value of your car is. If you do not drive as much as they anticipate or the value of your car has held up more than the lenders expected, it’s very possible that you have equity in your leased car. If you return a leased car that you have equity in, you are handing money back to the dealer.So how do you know if you have equity in your leased car?Step 1. Determine the current buyout price.If it is the end of the lease, you can look in your contract to see what the residual value is. It will also note what fees you may be responsible for, such as disposition fees. If it is not the end of your lease period and you are looking to get out of your lease early, you will need to call the leasing company to find out what the current buyout price will be.Step 2. Find the current market value of your car.The best way to determine the market value of your car is to do some research online. Websites such as Edmunds and Kelley Blue Book will look at not only the make, model, and year of the car, but they will also take into account how many miles your car has and what type of condition it is in. It’s also useful to look around and see what deals are being made on similar vehicles.Step 3. Do the math.By subtracting the residual value (or buyout price) from the current market value you can determine how much equity you have in your leased car. If the number is positive, it might be a good idea to purchase your leased car and either keep it or sell it. If the number is negative, then you do not have equity in your car and it’s probably not a good idea to purchase your lease.How can I sell my leased car?In order to sell your leased car, you will need to buy your car first. In the past lenders have allowed third parties to purchase your lease for the list price in your contract if you arranged the buyout. But in recent years this has stopped. Since the contract is specifically between you and your lender, they tend to specify that the buyout price is for you only, and they will charge a much higher amount to a third party.This means that if you want to sell your car, you need to actually purchase it first. If you do not have the cash to do so, you can secure a car lease buyout loan. Getting a car lease buyout loan is easy, especially when you use Auto Approve to help you secure it. Once you determine that your car’s value exceeds the buyout price, take the following steps:Step 1. Get your credit in shape.In order to secure the best car lease buyout loan you should take the time to make sure your credit is in good shape. Having a good credit score means that you will get the best APR possible, as well as the best loan terms.To ensure your credit is in the best shape possible, be sure to get a copy of your credit report to make sure everything is correct. You can also request higher limits on your accounts and pay down debts, all of which will raise your credit score.Step 2: Apply for financing.If you decide to get a car lease buyout loan, you need to do your homework and shop around. With the amount of lenders and offers out there, it can get confusing. That’s also where Auto Approve can step in and help you navigate the financing world. You should ideally apply with 3-5 lenders so that you can compare a few offers. You want to compare the following terms when you get you offers:The interest rateThe repayment periodThe prepayment penaltiesThe customer satisfaction ratings (look online for these)All other fees and termsIf you use Auto Approve, your agent can help you decide which loan will be the best fit for your situation.Step 3: Sign on the dotted line.When you find the best loan for you, you can simply sign on the dotted line. The lender will send a check to the leasing company and they will hold the title until you either complete your payments or sell your car and pay off your loan. Step 4. Decide how you want to sell your car.There are a lot of different ways you can go about selling your car. Here are a few ways you can sell your leased car:Sell to a dealershipSell to an online dealerSell to a private partySelling to a dealership is the quickest option, but it will not be as profitable as selling your car privately. Similarly, selling to an online dealer like Carvana or Vroom is easy and convenient, but will not be as profitable as a private sale.How can I make the most money selling my car?You can make the most money by selling your car privately, but there are some steps you should take to ensure you get as much profit as possible. Gather all of your records. You should gather all of your paperwork ahead of time to prepare for the sale. You should have:The car title. You will not physically have the car title if you use a buyout loan, but you should have all of the information available. The bank will send the new owner the title when the sale is complete.Service Records. It’s good to show a potential buyer that the car has been regularly maintained and serviced. Sales Paperwork. Have the original sales paperwork ready for the potential buyer to review. This paperwork will list all of the options that your car has, so it can even bump the price up a bit. Warranty Information. If your leased car is only a few years old, it may still be under warranty. Read through your warranty to determine if it is transferable. Get your car ready.Getting your car in good shape will help you get the best price possible. Give your car a thorough cleaning inside and out. Vacuum and shampoo your interior, polish the interior panels, and give the exterior a wash and polish. Make sure all lights are working properly, the wiper blades are new, and that all of the fluids are topped off.Take some pictures.Take pictures of your car when the weather is good. Be sure to get closeups of all special features, such as the sunroof and entertainment system. Advertise.Determine where you want to advertise your car. If you live in a busy area, you might simply want to put a for sale sign in the window and park it outside. But you want to cross advertise no matter what. Facebook, Craigslist, and your local paper are all good places to start.Be smart when showing the car.Take the proper precautions when trying to sell your car. If you are showing the car at your home, be sure to have someone there with you. It is a much safer option however to meet the interested buyer in a public area. Sign the car over.When you get a bite on your car, get a payment as soon as possible. A cashier's check is the best way to get payment. Check your state laws to determine what you need to do to sign the car over to the purchaser.That’s everything you need to know about selling your leased car.If you have a leased car that you are interested in selling, contact Auto Approve today! Our agents can help you secure the best car lease buyout loan so that you can get the best deal possible. And if you choose to sell your car, follow our tips to make sure you make the most money possible and stay safe while doing so.Contact Auto Approve today to get your free quote!GET A QUOTE IN 60 SECONDS

You’ve probably heard of Auto Approve if you have looked into car loan refinancing. But you may be confused as to how the process actually works. Is Auto Approve a legit company? Are they a direct lender? Today we are discussing exactly how Auto Approve works and how they can help get you the best deal possible on your car loan refinance.  Here’s how Auto Approve works and how you can use Auto Approve to get the best deal on your car loan refinance.  What does Auto Approve do, and what services do they offer? Auto Approve is a direct lender. We work on your behalf to get you the best refinance offer to fit your needs. You can think of Auto Approve as an advocate for you as you navigate through the world of refinance. We custom fit a loan to align with your best financial goals.  Vehicle RefinancingCar loan refinance is our specialty. If you are looking to refinance your loan, we can help you to:Determine if the time is right to refinance your loan.Connect you with the best lenders for your refinance.Help you apply.Finalize the paperwork (including DMV paperwork). We can help you refinance your car, truck, SUV, and even your motorcycle. Whatever your set of wheels may be, we can help you. Auto Lease PurchaseAuto Approve can also help you to purchase your car lease. If you have a leased car that you love, a lease buyout loan can help you keep your car. You can typically buy your leased car for the price of the residual value of the vehicle, plus any taxes and fees. And unless you have that money at your fingertips, you will need to get an auto lease buyout loan.  GAP InsuranceWhen you refinance with Auto Approve you can add on GAP insurance. GAP insurance is optional insurance that kicks in when there is a gap between what insurance will pay and what you still owe on the car. For example, let’s say you owe $10,000 on your car when you get into an accident. Your car insurance decides that they will only pay out $8,000 in damages. This means that you are still responsible for $2,000 to the lender. GAP insurance would cover this so that you do not have to pay this amount. Vehicle Protection PlansWhen you refinance with Auto Approve, you can also bundle a vehicle protection plan into your low monthly payments. A vehicle protection plan offers additional coverage on your car for maintenance and repairs. Vehicle protection plans can be used with your manufacturer’s limited warranty or they can be used when the limited warranty expires. Bundling a plan will give you additional protection should something go wrong with your car. Vehicle protection plans with Auto Approve come with other added benefits too, such as:24/7 roadside assistanceUp to $50 per day rental reimbursementCourtesy towingYour choice of certified-ASE mechanic A vehicle protection plan is an affordable way to get a little more protection from whatever life may throw at you. Is Auto Approve legit?Auto Approve is a legit company, but you don’t have to take our word for it. We have an A+ rating with the Better Business Bureau, a 96% would-recommend rating on LendingTree, and a 4.7 out of 5 star rating on TrustPilot. Customers know that we can find them the best deals on car loan refinance and love our customer service. We know that you need to talk to real people sometimes to get real results, so our live agents are here to work with you and give you the personalized attention you need–and deserve. How do I get started? Step 1. Determine if the time is right to refinance your car loan.The first step to refinancing your car is determining if you should refinance in the first place. Refinancing can save you a lot of money if you qualify for a lower interest rate. It can also allow you to lower your monthly payments by lengthening your repayment plan. It might be a good time to refinance your car loan if any of the following apply to you:Your credit score has improved since you initially financed your car.The market rates have decreased since you initially financed your car.You want to add or remove a cosigner.You need some extra breathing room every month and want to lengthen your repayment plan. Step 2. Contact Auto Approve.If now seems like a good time to refinance your car loan, the next step is to contact Auto Approve. They can help you determine if you will qualify for loan refinancing, and can even get you some preliminary offers in minutes. Step 3. Gather your documents.After you chat with an Auto Approve expert, they will help you determine where you should apply. You will need to gather the necessary documents, which will include:Current loan information. You will need the name of your current lender, your account number, and your payoff amount. It’s good to have the contract handy to compare specific terms as well. Personal information. You will need identification, proof of employment, proof of residence, and your contact information.Vehicle information. You will need your car’s VIN, make, model, year, and mileage. Step 4. Apply.Once you have all of your information collected, Auto Approve will help you apply to the lenders that will best suit your needs.  Step 5. Compare and sign.When the offers roll in, you will need to decide which loan is right for you (Auto Approve can help you with this too!) And once you decide which loan is right for you, you can simply sign on the dotted line. Auto Approve will make sure that your old loan is paid off and that your new loan is ready to go. It’s that simple! Auto Approve will even handle the annoying DMV paperwork for you. That’s how Auto Approve works and how you can be certain that Auto Approve is legit. If you are wondering if car loan refinance is right for you, take a look at your current loan. Has your financial situation improved and caused an increase in your credit score? Have the market rates improved since you first financed? Do you need some breathing room in your monthly budget? Do you need to add or remove a cosigner? Whatever your reason is, Auto Approve can help connect you with the lender that is right for you. GET A QUOTE IN 60 SECONDS

Leasing a car is a great option for many people, but when it comes to actually signing a lease, it can be a bit confusing. With so many terms and variables, it’s easy to get overwhelmed and forget to ask the right questions. But it’s important to make sure that you fully understand the lease before you sign anything. Here are ten questions you need to ask when leasing a car.#1. Is leasing a car the right choice for me?The first question you should ask yourself is “should I lease a car?” Leasing a car has many benefits, but it is not for everyone. Leasing a car may be a good choice for you if:You like getting a new car every few years.You don’t want to worry about selling your car when you want a new one.You don’t like working on your car.You don’t drive a lot and can comply with mileage limits.You are a business owner and want to maximize tax deductions.Leasing a car usually means that you will have lower monthly payments as well. But leasing a car has some drawbacks and can be too limiting for some people. When you lease, you will have to:Stick to a mileage limit.Avoid excessive wear and tear.Go to a certified mechanic.Leasing also means that you will not build equity on your payments. So before you lease a car, be sure to ask “should I lease or buy a car?”#2. Is there money due upfront?When leasing a car there may or may not be money due up front. Some offers will specify that there is no money due upfront, but these offers usually mean that the monthly payments will be more. Most leases require an initial payment (also referred to as an “initial rental”). This is different from a deposit, as deposits are refundable and this initial payment is not. This money helps cover your leasing fees and will reduce your total monthly payments.#3. What is the lease term?Dealers will have different lease terms for you to select. Leases are most commonly 24 or 36 months, but you may be able to find longer or shorter leases. The longer a lease term is, the lower your monthly payments will be. But if you are choosing to lease a car because you want to have more flexibility in getting a new car when you want to, a 24 month lease will be better.#4. What is the residual value?Residual value is the expected value of the car at the end of the lease term. This number is determined upfront and is determine by three factors:The capitalized cost (the sale price of the car).The lease term.The residual lease value percentage.The residual lease value percentage is based on the expected depreciation of your car. This percentage will vary based on the car’s make and model. A typical 36 month lease will have a residual value around 50%, but these can be as high as 60% or as low as 40%. The residual value is an important part of your lease for two main reasons.It will determine what the monthly payments on your leased car will be.It will determine what the buyout price of your car will be at the end of the lease term.While you cannot negotiate the residual value per se, you can negotiate on the capitalized cost of the vehicle. You should research what the market value of your lease car is before agreeing to anything. Having a realistic and accurate capitalized cost will help you get an accurate and fair residual value.#5. What is the money factor?The money factor of a lease is essentially the interest rate of the lease. Also referred to as the lease value, it will be based on the capitalized cost, residual value, lease term, and your credit score. The money factor is expressed as a decimal number, not as a typical percentage that we are used to seeing with interest rates. You can multiply this number by 2400 to get an approximate APR for comparison’s sake. A money factor of .0025 and below is considered to be a good money factor, which is roughly equivalent to a 6% interest rate.To get a lower money factor, there are two major factors you can control: your credit score and the car you are leasing. Having a good credit score is essential to securing a good money factor. If your credit score is particularly low, you may have a hard time getting approved for a lease. Leases are generally more difficult to get approval for than financing. The car that you are leasing is incredibly important to the money factor you will be offered. Selecting a car that has a higher residual value will also help secure a good money factor. A high residual value means that there won't be a lot of depreciation on the car, meaning you will have lower payments.#6. What are my options when the lease is over?When your lease is over, you will typically have three options. You can end your lease entirely, turn in your vehicle for a new lease, or you can purchase your leased car. If your lease allows for a car lease buyout, the price of the buyout will be listed in your contact. The car lease buyout price is the residual value of the car plus any taxes and fees associated with the purchase. Turning in your vehicle for a new vehicle may be right for you if you love leasing and want to continue doing so. You didn’t find the mileage limits or usage restrictions limiting and love getting a new car every few years, you should consider simply leasing a new car.Turning in your car and walking away may be right for you if you hated leasing and found it too restrictive, and don’t necessarily need a car right now. Buying your leased car is a great option for many people for a number of reasons. Consider a car lease buyout if:You love your car and don’t want to give it up.You went over your mileage limit and will owe a lot in fees.You have significant wear and tear and will owe a lot in fees.The residual value of the car is less than the market value.Buying your leased car and selling it privately is a great option if you can get a good deal on your car but don’t care to actually keep your car. You can get a car lease buyout loan to assist you with this.#7. What is the mileage limit?Every lease will have a mileage limit, and if you go over that limit you will owe extra in fees. Mileage limits are typically between 12,000 and 15,000 miles per year. For every mile you go over, you will have to pay a fee, which can range from $.15 to $.25 per mile. Before agreeing to anything, be sure that you can abide by the mileage limit.#8. Will there be a wear and tear assessment?When a lease is returned the car dealer will usually do an assessment to determine the condition of the car. You should find out beforehand what is considered excessive wear and tear. Dealers typically consider the following to fall under the category of excessive wear and tear:Large dentsCracks in glassStains on the upholsteryTears in the upholstery Poor-quality repairsDealers will allow a certain amount of wear and tear, but if dents, dings, scratches and stains are too large and noticeable, you will be charged a fee. #9. Can I get out of the lease early?You should know what your options are if you decide you want to end your lease early. Maybe you hate your new car, maybe you are having trouble making your monthly payments, or maybe you just hate leasing and wish to go another direction. Whatever the reason is, ending a lease early can be very expensive and may even damage your credit, so be sure you know what the process is beforehand.#10. What payments are due at the end of the lease?You should know exactly how much you will owe at the end of your lease. Your contract should outline what fees will be due and what other expenses you can expect. You should also ask what will happen to your security deposit. In most cases this money will be returned to you if your car is in good condition. Note that a security deposit is separate from a down payment, which is non refundable.Those are the ten questions you need to ask when leasing a new car.If you have a leased car that you are interested in purchasing, Auto Approve can help! We can help connect you to the perfect lender for your car lease buyout loan and even help you apply. Buying out your lease is easy when you have Auto Approve in your corner. Contact Auto Approve today to get your free quote!GET A QUOTE IN 60 SECONDS

If you are interested in refinancing your car loan, you may be wondering if you qualify. Lenders vary in their specific requirements for car loan refinancing, but in general they will look at your credit history, your car, and your existing loan. Here’s how to know if you qualify for car loan refinancing.What determines if you can refinance your car?To qualify for car loan refinancing, lenders will consider a number of factors surrounding your financial health, your car, and your loan. Your Credit ScorePerhaps the most important factor that lenders consider is your credit score. Lenders in the United States practice what’s called “risk based pricing”, which means that the riskier you are considered as a candidate, the more you will pay in interest. Your credit score is one of the top indications of how risky you are as a borrower. A good credit score tells lenders that you make full and consistent payments and can manage your money across multiple accounts.Credit scores are broken down into five categories:800 to 850: Excellent740 to 799: Very good670 to 739: Good580 to 669: Fair300 to 579: PoorIf you have excellent credit, you will most likely be approved for car loan refinancing and will be offered one of the best interest rates possible. If you have a good credit, you will also most likely be approved and offered a pretty good interest rate. As your credit score falls further down the ladder, the harder it will be to get approved and the higher the interest you are offered will be. Qualifying for car loan refinance is highly dependent on your credit score.Your VehicleAnother major factor that will determine if you qualify for refinancing is the age and condition of your car. Lenders want to be sure that the asset they are financing has value, so they typically require that the vehicle is less than 10 years old. They will also require that there are not too many miles on your car. Less than 100,000 miles is best, but some lenders will allow you to refinance a car with 125,000-150,000 miles. Your Current LoanLenders will also take a close look at your existing loan. If there is not a lot of time left on your loan they may feel that it is not worth it for them to refinance it, as they will not make much money off of the interest as the loan nears the end.They will also look to see that you have been making consistent payments on your existing loan. Seeing on time and full payments will prove that you are a good candidate and should qualify for a loan.While the new lender doesn’t care about the prepayment penalties, you certainly should. Certain car loans will have prepayment penalties if you decide to pay off your loan early. This is to offset any money they will lose in interest. While this doesn’t necessarily affect if you qualify for refinance, you should pay careful attention to these fees in your contract to determine whether or not refinancing your car loan is worth it. If your prepayment penalties outweigh your savings, it’s best to not pursue car loan refinance.What does your credit need to be to refinance a car?In order to qualify for car loan refinance, a good credit score is important. It is recommended to have a credit score of above 700 in order to qualify for refinance. If your score is below 700, it is not impossible to refinance your loan. But you may be paying a much higher interest rate and ultimately it might not be worth it to you.It is a good idea to make sure your credit score is in great shape before you apply for refinancing. Here are some of the best ways you can improve your score:Request higher credit limits on your accounts. This will decrease your credit utilization ratio and boost your score.Make consistent, on time, and full payments (sign up for autopay if you can). Your payment history is the biggest contributor to your credit score so this will help a good deal.Review your credit report for errors. Correcting any mistakes on your report can help give your score a boost (and save you from further problems down the road).Pay down your debts. Reducing your debts can help to improve your credit utilization ratio.Do not open other new accounts. Opening new accounts will cause a dip in your score.How can I refinance my car loan?Refinancing your car loan is easy, especially when you use Auto Approve. Auto Approve specializes in car loan refinance, so our agents are qualified to help you determine not only if you qualify for refinance, but can help guide you through the process. Here’s how you can refinance your car with Auto Approve.Step 1. Get a free quoteTo start the refinancing process, you can start by getting a free quote. You don’t even need to provide your social security number. Simply fill out your name and estimated credit score and we can help determine your initial eligibility. Within minutes you will have several quotes. Step 2. Work with an agentBy filling out some additional information, our agents can help you determine what offers will work best for you. Step 3. ApplyOur agents will assist you in filling out the application paperwork and ensuring that you have all of the necessary paperwork. Once you receive your offer, your rate will be locked for 30 days while you make your decision.Step 4. SignIf you decide to move forward, you simply sign electronically and Auto Approve will take care of the rest! Your agent will ensure that your old loan is paid in full and they even handle the DMV paperwork so you don’t have to.Step 5. Start savingOnce you sign the paperwork, you will have 45 days until your first payment is due (and you can immediately see the difference in your monthly payments!) Refinancing with Auto Approve is just that easy!That’s how you can determine if you qualify for car loan refinancing (and how you can refinance easily with Auto Approve).If you are wondering if you qualify for car loan refinance, take a look at your credit score, your vehicle, and your existing loan. Auto Approve can help you determine if you qualify and assist you with the application process if you do qualify. So get in touch with Auto Approve today to start saving money!GET A QUOTE IN 60 SECONDS