Will ally auto loan allow a refinance?

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Giovanni Jenkins asked a question: Will ally auto loan allow a refinance?
Asked By: Giovanni Jenkins
Date created: Fri, Dec 18, 2020 6:19 AM
Date updated: Sun, Sep 25, 2022 6:08 AM

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Video answer: Refinancing auto loan with same lender?

Refinancing auto loan with same lender?

Top best answers to the question «Will ally auto loan allow a refinance»

the answer is simple: Ally Financial won't let you refinance your car loan if you currently have your loan with Ally Financial. Instead, you need to find a new lender offering a lower rate.

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Car loan company isn't letting me pay on the principle!

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You'll be spending more each month and spending more over the life of the loan. Since you don't plan on staying in your home much longer, it may not make sense to refinance. Loan amounts above $2,000,000 may require a 35% down payment.

You can re-enroll in Auto Pay or reschedule payments at the end of your extension period (or whenever you’d like). To cancel payments scheduled through your bank You'll have to go through your bank to cancel these payments — you won't be able to cancel them through Ally Auto.

You may seek out a loan directly through Clearlane if you’re interested in refinancing your current auto loan or buying a car you’re leasing. With Ally, you need to apply for financing through one of its approved dealerships where the dealer may end up recommending another lender if the terms seem better.

I doubt they will alllow this, especially if you owe a lot on the car. Ally is a pretty agressive company, and if you want this car you should reaffirm. 0 found this answer helpful | 1 lawyer agrees

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