| Auto finance sites online are usually equipped with auto | | | | the credit standing of a certain user. Common ratings |
| refinance calculators. These user-friendly calculators | | | | are excellent, very good, good and fair. An excellent |
| aim to help users to compare payments at different | | | | rating should mean that the user has established |
| rates. | | | | substantial credit over five years. He or she should |
| Getting the best auto loan refinance service requires a | | | | also pay all creditors on time and is not in bankruptcy. |
| careful analysis of the benefits that can be derived | | | | A very good rating entails the same criteria as that of |
| given certain auto refinance rates. A useful tool to use | | | | an excellent except for a slightly looser rule on paying |
| in assessing rates is the auto refinance calculator. A | | | | creditors on time. A good rating, on the other hand, |
| typical auto refinance calculator would contain the | | | | should be given to those applicants who do not pay |
| following fields: payoff amount, vehicle type, months | | | | their creditors on time and has at most one past due |
| remaining, current monthly payment and credit level. | | | | account. The lowest rating are reserved for those are |
| The responses for these fields will be calculated using | | | | relatively new to the credit business or has more than |
| scores as would auto refinance companies do. | | | | one past due accounts. |
| In auto refinance calculators, the payoff field means | | | | While auto refinance calculators may be helpful in |
| the amount of money needed to completely pay the | | | | giving users an idea of the benefits they may get from |
| auto loan. It is preferable to input here the balance due | | | | availing themselves of the services of a lending |
| ten days from the date the payoff amount is | | | | company, it should be remembered that there are |
| requested. Meanwhile, the months remaining field | | | | other important factors that may affect the results of |
| refers to the number of months left on the current | | | | auto refinancing. Among these are additional scores or |
| vehicle loan. | | | | criteria implemented by the lending companies that |
| The credit level field, in particular, should be carefully | | | | cannot be mathematically computed and the diligence |
| filled out. This would greatly affect the results of the | | | | of the applicant to research on all available lending |
| calculation. To assist users, most auto refinance | | | | companies. |
| calculators have put up their own criteria to determine | | | | |