Motoraid Finance Questions? We've Got Answers

Motoraid finance is a refinancing service that helps you replace your current auto loan with a new one featuring better terms. The process is straightforward: you apply online, receive a rate quote, and if you accept, we pay off your existing lender and set up your new loan. Most people refinance to lower their monthly payment, reduce their interest rate, or adjust their loan term.

We work with a wide range of borrowers. Generally, you'll need a vehicle worth at least $5,000, fewer than 125,000 miles on the odometer, and at least 6-12 months of payment history on your current loan. Credit scores from 550 and up are considered, though better credit typically unlocks lower rates. Even if you've had credit challenges, it's worth applying to see what we can offer.

Absolutely nothing. There's no application fee, no obligation to accept the offer, and checking your rate won't affect your credit score. We believe you should see what's possible before committing to anything. The only costs you might encounter are standard DMV or title fees required by your state when transferring the loan.

Keep it simple with these basics: a copy of your current loan statement showing your payoff amount, proof of income like recent pay stubs or bank statements, your driver's license, proof of insurance, and your vehicle's title information. Most people can snap photos with their phone and upload everything in just a few minutes.