Refinancing Information

It's obvious that the biggest reason a person might decide to refinance would be a financial one. If you're paying on a loan that has an interest rate of 6% and find one with an interest rate of 4%, it makes sense to make the switch. By refinancing, you can save hundreds or even thousands of dollars. So, lower interest rates are definitely a good reason to refinance.

Another way in which refinancing your car could save you money is if your credit score has improved since you made the purchase. Having a better credit score can help you get a better loan, again saving you money.

What is Refinancing?

You already know that in order to finance a car, most people need to take out a loan. But what if a little ways down the life of this loan, another better loan comes along? Refinancing is when you sign up for a new loan one with better financial benefits and use that one to pay your old loan off. Now instead of paying the original loan, you're paying off the new one.

Is Refinancing Ever Bad?

Before you refinance, you need to answer a few questions. For instance, does your current loan have an early termination fee? If so, it may not be financially worth it to make the change. You also want to avoid refinancing if the new loan will have a longer term than your current one. Loans with longer terms may offer smaller payments, but in most cases, you'll ultimately end up paying out more.

Ready to Refinance?

If you think refinancing is the right option for you, start searching for lenders - like credit unions - who will refinance. Or, visit us at Rudig Jensen Ford CDJR and we can help you explore all of your refinancing options.

MSRP is the Manufacturer's Suggested Retail Price (MSRP) of the vehicle. MSRP may not represent actual sales price. Price does not include applicable tax, title, license, and service charges. Pricing and availability may vary based on a variety of factors, including options, dealer, specials, fees, and financing qualifications. Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.

* The estimated selling price that appears after calculating dealer offers is for informational purposes, only. You may not qualify for the offers, incentives, discounts, or financing. Offers, incentives, discounts, or financing are subject to expiration and other restrictions. See dealer for qualifications and complete details.

* Images, prices, and options shown, including vehicle color, trim, options, pricing and other specifications are subject to availability, incentive offerings, current pricing and credit worthiness.

* In transit means that vehicles have been built, but have not yet arrived at your dealer. Images shown may not necessarily represent identical vehicles in transit to your dealership. See your dealer for actual price, payments and complete details.

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Rudig Jensen

1000 Progress Rd
Directions New Lisbon, WI 53950

  • Sales: (608) 562-3100


  • Monday 8:00am - 7:00pm
  • Tuesday 8:00am - 6:00pm
  • Wednesday 8:00am - 6:00pm
  • Thursday 8:00am - 7:00pm
  • Friday 8:00am - 6:00pm
  • Saturday 8:00am - 4:00pm
  • Sunday Closed