How to Refinance Your Vehicle in California When You Have a Texas Title
- 1). Get a copy of your credit report at annualcreditreport.com. When you refinance in California, the lender will consider your credit score and income when selecting your interest rate. If you can clear up any negative or incorrect items on your reports before you go in to refinance, do it.
- 2). Call your Texas lender and request a payoff amount on your vehicle. Ask how long the payoff amount will be valid -- it will probably take slightly more or less than a week.
- 3). Bring your Texas vehicle title to the California lender. Bring your most recent car payment or some other official document showing what you owe, your payment term and how much you've paid. Bring the payoff amount you were quoted.
- 4). Drive the car you want to refinance to the lender.
- 5). Fill out the paperwork requesting a refinanced loan and discuss rates. If the California lender offers you a satisfactory rate, accept it.
- 6). Contact the company where you purchased the car. Explain that you need to transfer the title to the new lender. They have to release their interest in your Certificate of Title by signing it. The Title should be sent to the new lender, who will fill it out and submit it. The Certificate of Title will then be returned to the new lender for filing.
