Do you want to pay off an existing auto loan with a new personal loan and also have extra funds for other purposes? If you have equity in your automobile, which means your car is worth more than what you currently owe on your auto loan, a cash-out auto refinance loan may be something to consider.
To get started, fill out our online application. After you submit your application and verify your identity and income, you will speak with a OneMain personal loan specialist about the details of your vehicle. Be prepared to provide information about your vehicle, which includes the make (Ford), model (Taurus) and year, along with the Vehicle Identification Number (VIN) and mileage. The personal loan specialist will assess the value of your car and determine the potential cash-out amount.
One of the advantages of a personal loan that is a cash-out refinance is that the cash-out portion may be used for purposes other than to pay off your existing auto loan. For example, if you’re approved for a $5,000 loan, you could pay off your existing auto loan with a $4,000 outstanding balance and use the remaining $1,000 to pay down other bills or make a major purchase.
At OneMain, we understand you might need a loan to improve your financial situation. Our personal loan specialists are committed to helping you find a loan built for your needs in a timely manner. Put the brakes on your current auto loan - apply now for a cash-out refinance auto loan!
I am ecstatic that I was approved for a loan and got my car balance paid in full. Not only will my credit score go up but my new payment is much lower. It was quick and easy and no hassles. Great way to build credit and have a few dollars to do things that I didn't have the cash for. Thanks [Springleaf]! +
[Springleaf] treats you like a human being when you are not in the best of situations. They even figured out how to do the loan differently and refinance our auto to save us on our monthly car payment that offset the loan payment we were getting from them. I would use them again in an instant. +
+These customer testimonials reflect individuals’ personal experiences, so you may not have the same results. The testimonials were submitted for Springleaf, which has changed its name to OneMain.
OneMain Financial is an Equal Housing Lender.
*Loan approval and actual loan terms depend on your ability to meet our standard credit criteria (including credit history, income and debts) and the availability of collateral. Loan amount is also subject to state specific maximum or minimum size restrictions. APR’s are generally higher for loans not secured by a vehicle.
Some vehicles may not be used as collateral, including those used commercially or with branded titles (such as salvage). Additional loan size limits may apply to loans secured by discontinued vehicle models. We may refuse your collateral offered if it does not meet our criteria.
Active duty military, their spouse or dependents covered by the Military Lending Act (“MLA”) may not pledge any vehicle as collateral, unless all of the loan proceeds are used to purchase the vehicle.
†OneMain loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university, or vocational expenses; for any business or commercial purpose; to purchase securities; or for gambling or illegal activities.
CA: OneMain Financial Group, LLC and OneMain Financial Services, Inc. and OneMain Consumer Loan, Inc. – Loans made or arranged pursuant to Department of Business Oversight California Finance Lenders License. NH: OneMain Financial - NMLS # 1339418 and OneMain Consumer Loan, Inc. - NMLS # 937358. PA: OneMain Financial Group, LLC and OneMain Financial of Pennsylvania, Inc. and OneMain Consumer Loan, Inc. – Licensed by the Pennsylvania Department of Banking and Securities. RI: OneMain Consumer Loan, Inc., Rhode Island Licensed Lender and Licensed Small Loan Lender.
For residents of the State of Washington only: OneMain Financial Group, LLC - Consumer Loan Company License - NMLS # 1339418, OneMain Financial of Washington, Inc. - Consumer Loan Company License - NMLS # 36167, OneMain Consumer Loan, Inc. - Consumer Loan Company License - NMLS # 937358 and OneMain Financial Services, Inc. - Consumer Loan Company License - NMLS # 1056. Click here for the NMLS Consumer Access Database.