Looking to refinance your auto loan to get a little more cash? If so, cash-out auto refinancing may be your answer.
This won’t affect your credit score.
Loans that work for your budget
Fixed payments and clear, upfront terms.
Money right when you need it
Quick decision. Money as fast as 1 hour after loan closing.2
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Refinance your auto loan and get more money with a OneMain cash-out auto refinance loan
After paying off your current auto loan with a new cash-out auto refinance loan, the remaining money can be used on things like paying off other debt or emergency expenses.1 Depending on the terms of your current loan, a new loan could also offer a lower interest rate, or your monthly payments could be smaller.
See if you’re prequalified for a cash-out auto refinance loan today.
Checking won’t affect your credit score.
What is a cash-out auto refinance loan?
If you're approved for a cash-out auto refinance loan, your new loan pays off your current auto loan, and the money left over is yours to use for almost anything you need.3 The cash-out amount you receive is based on how much equity you have in your vehicle. Equity is the difference between what your vehicle is currently worth and how much you still owe on your auto loan.
For example, if your car is worth $17,000 and you still owe $10,000 on your current loan, you have $7,000 in equity. With a cash-out auto refinance loan, that equity could be converted into as much as $7,000 cash.
To see if you’re prequalified for a OneMain loan, check for offers today.
Why should I choose OneMain for my cash-out auto refinance loan?
We’ll help you with a personal loan for cash-out auto refinancing that fits your budget and puts extra cash in your pocket. With a fixed interest rate and predictable, fixed monthly payments, there are no surprises on the road ahead.1
We’re here to help you beyond your cash-out auto refinancing loan, with budget-building resources, free credit score tracking and savings tools to grow your money know-how.
Whether you need to cover car repairs, vet visits, dream getaways, or just want to breathe a little easier with debt consolidation, our personal loans are built to fit your needs.3,4
This won’t affect your credit score.
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