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Thursday 24 August 2017
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10 Most Refinanced Vehicles

10 Most Refinanced Vehicles

RefinanaceCarFinance.com released data on the Top Ten Most Frequently Refinanced vehicles and makes by its customers, since 2012. The report reveals that below-prime car owners, focused on lowering their interest rates and/or monthly payments through refinancing, tend to own sensible and durable vehicles. Midsized sedans with a reputation for longevity and value, such as the Nissan Altima, Honda Accord and Toyota Camry, dominate the models list, while durable domestics Chevrolet, Ford and Dodge are the top 3 brands respectively.

According to CNW Research, auto loan refinancing is predicted to grow to 14.1% of existing contracts in 2014, a 12% percentage increase since 2012, and a 228% increase since 2009.

The Top Ten Most Refinanced Vehicles: Below-Prime Car Buyers (CarFinance)
1. Nissan Altima
2. Ram 1500
3. Honda Accord
4. Toyota Camry
5. Dodge Charger
6. Ford F-150
7. Toyota Corolla
8. Chevrolet Impala
9. Chrysler 300
10. Honda Civic

The Top Ten Most Refinanced Makes: Below-Prime Car Buyers (CarFinance)
1. Chevrolet
2. Ford
3. Dodge
4. Nissan
5. Toyota
6. Kia
7. Honda
8. Jeep
9. Hyundai
10. Chrysler

(The Top Ten Most Refinanced lists are based on 2012 and Q1 2013 data from CarFinance.com).




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