I bought a car last year with financing. Few days I received and offer of Lending Tree, offering me and interest rate of

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Customer: Hi good morning, I bought a car last year with financing. Few days I received and offer of Lending Tree, offering me and interest rate of 1.99% versus 6.75% that I have. Will I have some problem in order to change the Company that actually finances my car?
Answered by insearchoftheanswer in 5 mins 11 months ago
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insearchoftheanswer
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insearchoftheanswer, Expert

Hi! My name is Richard & I will be helping you today! It will take me a few minutes to type a response to your question. Thanks for your patience!
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insearchoftheanswer, Expert

Good morning.  No, you should have no problem at all.  You simply go to Lending Tree to obtain your loan and they will use the loan proceeds to pay off your existing loan.  The existing lender will release the lien on your car and Lending Tree will then place their lien on your car to secure the new loan.

Customer
Do I need need to inform to the Company where I bought the car?
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insearchoftheanswer, Expert

You do not.  Your lender's lien will be public record and be on your car title.  Lending Tree will handle the entire transaction for you. :)

Customer
Are there some way to make sure that the interest be fix
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insearchoftheanswer, Expert

Lending Tree will provide you documents to sign which will set forth the interest rate before you move forward.

Customer
Ok Thank you very much!!!!
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insearchoftheanswer, Expert

You're very welcome!  It's been my honor and privilege to help! :)

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