Can I save money by refinancing my Bmw 5 Series loan?
data last updated
July 12, 2022
Refinance with Caribou and save!
Our customers save an average of over $100/month* on their car payments. These savings can add up quickly over the life of the auto loan. Apply today to see if you qualify for a lower monthly payment on your Bmw 5 Series.
We work with trusted local and community lenders to bring you competitive rates as low as 2.32% APR**
Average savings for a Bmw 5 Series
Average monthly savings:
Average total savings:
* Your actual savings may vary
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How it works
How to refinance your Bmw 5 Series loan
A step by step guide to our process
Did you get your financing from the dealership?
The original financing on your Bmw 5 Series frequently comes from the dealership where you first bought your motor vehicle. Automotive refinancing can be a great way to get better terms on your financing. This is also an opportunity to remove or include products like guaranteed asset protection or GAP coverage, vehicle service packages, or extended warranties. If you no longer need one or more of these items you can terminate them and that reimbursement might be applied to the principle of your loan or you could get cash back.
You may think that you have actually gotten a bargain when you financed your Bmw 5 Series with the dealer. Nevertheless, talk to us to see if refinancing can save you money. We partner with trusted regional and community loan providers to bring you competitive rates. Our customers save an average of over $100/month * on their auto payments with rates as low as 2.32 APR **.
Refinancing your Bmw 5 Series
Refinancing your Bmw 5 Series can help you save cash each month. The refinancing procedure negotiates a new car loan for your Bmw 5 Series. You can make the most of this by possibly changing the rate of interest, term, and including or getting rid of extra items like guaranteed asset protection coverage, vehicle service packages, or extended warranties.
Participating lenders provide refinancing options based on your credit history, salary, and also other variables. Depending upon your situation and credit score, you may be pre-approved for a specific, Bmw 5 Series refinance amount which can help you budget ahead of time. You can make use of our auto refinance calculator to compare loan rates and estimate your savings.