How does auto refinance work?

ChopMyPayment.com will assist you in paying off your existing loan and establishing a new loan for you with a lower interest rate.

Why should I refinance my car?

You should only refinance if you want to save money. Usually, people refinance to get a lower interest rate than their current rate. People refinance to not only reduce their car payment but also to get cash back out of the loan to free up other debt.

Why should I refinance now?

Everyone should look into refinancing now because interest rates are at an all time low. Take advantage of a good situation when one presents itself.

Am I obligating myself to anything by submitting my information?

No, all you are doing is giving the basic into that we need to give you a quick estimate on how much we can save you, If you don’t want to proceed, you don’t have to, In most cases, you end up saving money. Then we get more specific. You are never obligated until you decide this is right for you.

How long does refinancing my car take?

It is a very quick process. If you decide to refinance your vehicle on a Monday, you should have a lower payment and your cash back by Wednesday. Typically, with cash back it takes up to 72 ours. Without cash back, the process will be done in 24 hours,