Auto Refinancing in Parkersburg, WV

Learn about refinancing your car in Parkersburg, WV including how to qualify, the steps you need to take to complete the refinance process, aligning financial goals, and refi FAQs.*

Have an auto loan on your Car, Truck, or SUV?

Check refinancing options and see if you can pre qualify with lenders. You may be able to save money on your auto loan.

Home » Auto Refinance Cities » Parkersburg, West Virginia Auto Refinancing

The products and offers that appear on the website are from respective partners, companies, and third-party advertisers from which we receive compensation. This compensation may impact how and where products appear on this site including the order in which they appear. This site does not include all financial products or companies or all available product offers. Learn more about our partners and how we make money.

Automobile Refinancing in Parkersburg

Are you considering refinancing your car in your city? We work with vehicle lending institutions all around the region including in your city and can help you locate an automobile refinance deal near you.

We’re happy to partner with car owners who call Parkersburg, WV home and focus on providing refi information for newly produced and secondhand car or truck owners in Wood county. Whether you reside in Parkersburg, around the area, close-by a neighboring city or town, in an unincorporated area, or in another place in Wood county, consult our lending partners to see if refinancing your motor vehicle will serve to help your personal financial scenario.

Find Auto Refinancing in Parkersburg, West Virginia

The Parkersburg Auto Refi Process

The automotive refinancing experience in your locale can be fairly straightforward. To begin, you just need to find a handful of related personal documents. Look at the refinance step-by-step checklist below. You also will need to comply with particular requirements for both your car and yourself prior to finishing your newly refinanced auto loan.

Vehicle Refinancing Qualification

Your vehicle in Parkersburg needs to qualify for the refinancing lender’s terms. These terms can vary by loan provider and generally involve vehicles which are physically operated in Parkersburg, newer than 10 years old with clean titles, have less than 100k mileage, and have a favorable loan-to-value (LTV) ratio. Get in touch with specific loan officers at institutions servicing Parkersburg for more details.

Individual Refi Qualification

Similarly to your car qualifying requirements, you also have to apply for refinancing by supplying your personal info like income, co-signer, address, employer, and other details when refinancing in your city. Lenders want to know your address in Parkersburg, where you work, how much money you make, your credit rating, info about other debt you might have, and other related details. They record this info for things like finalizing a risk analysis as to how prone you are to pay back the refinanced motor vehicle loan.

Calculation Disclaimer

Parkersburg Auto Loan Refinance Calculator

Find an Auto Refi Lender in Parkersburg, West Virginia**

Advertiser Disclosure
LenderNameInterest Rate*Credit Score*Apply

Caribou Auto Refinance Logo

Caribou - See Review

2.32%650 & UpApply Now

Auto Approve Auto Refinance Lender Logo

Auto Approve - See Review

2.25%580 & UpApply Now

RefiJet Auto Refinance Lender Logo

RefiJet - See Review2.49%500 & UpApply Now

RateGenius Auto Refinance Lender Logo

RateGenius - See Review2.99%500 & UpApply Now

AUTOPAY Auto Refinance Lender Logo

AUTOPAY - See Review1.99%560 & UpApply Now

Credit Rating Qualification

Your credit score plays a part in your ability to refinance your vehicle. This score is a number between 300 and 850. Most lending institutions require a minimum score to qualify for a loan. You can also have industry-specific credit scores which are different from your basic credit score.

The specific credit rating you need to have for an auto loan varies by lender. They consider lots of things when identifying your loan suitability including both the industry-specific score, regular score, resources, liabilities, income, and other information. To get the most favorable car or truck loan interest rate, you might want to keep your credit rating as high as possible and potentially use a co-borrower.

Lenders might require a credit score of 700 or higher if you are looking for a loan on a brand-new car or truck. If you are financing or refinancing a previously owned or secondhand motor vehicle, a credit score of over 600 may be enough.

About Credit Score Brackets in West Virginia

Credit RatingPoints
Excellent780 to 850
Very Good720 to 779
Good680 to 719
Average580 to 679
Poor300 to 579
Credit rating brackets and point ranges come from various credit reporting sources including Experian, TransUnion and Equifax, but are not endorsed or certified by them.

Credit rating numbers like the examples shown above are often lending institution specific. The Experian consumer credit reporting bureau provides statistics on keynote financing and origination trends within the credit market as part of their quarterly State of the Automotive Finance Market presentation. The following categories were highlighted for the 2021 Q3 automotive credit vertical and lending channels.

Credit Score CategoryPoint Range
Super Prime781 to 850
Prime661 to 780
Nonprime601 to 660
Subprime501 to 600
Deep Subprime300 to 500
These credit rating categories and point ranges come from the Experian State of the Automotive Finance Market, but are not endorsed or certified by them.

About Credit History

Credit history is a very large topic. There is far too much information to get into here, however we can cover some of the concepts. Your credit history is a record of your liabilities and debts together with determining your capacity to repay them. Lenders check with credit bureaus to measure the uncertainty of lending you money. The lower your credit score, the greater the borrowing risk to financial institutions.

The three important credit reporting bureaus are TransUnion, Experian, and Equifax. These bureaus record and track your credit info. While the credit-related details are rather the same, your credit score may vary by bureau. Lenders run credit checks called pulls versus your history when you make an application for lending including automobile financing or refinancing.

The two kinds of checks are called hard credit inquiries and soft credit inquiries. Soft pulls determine your initial appropriateness. This report pulls your credit details to see your history. Soft pulls do not impact your credit score. Hard pulls are finished in the final approval stage of the financing process. This denotes you are actively searching for a new personal line of credit and will affect your credit rating. Check out a few of our other credit related resources to read more.

Vehicle Refi Steps in Parkersburg, WV

There are several specific things you can do to refinance your automobile in Parkersburg. You can usually refinance your car loan by owning a car, truck, SUV, or other qualifying automobile in Parkersburg, having a loan on that automobile, meeting loan provider requirements, and producing your loan and individual information. While these general concepts are the basics of what is needed for refinancing, there may be extra steps as well. Check out the additional steps listed below:

  1. Own a motor vehicle in the area of Parkersburg.
  2. Have a vehicle loan on your vehicle
  3. Meet qualifying vehicle-related requirements like a current year of manufacture and excellent car market value
  4. Meet individual qualifying criteria which include your credit score and earnings
  5. Obtain auto refinancing with a new lending institution which services the area of Parkersburg, WV**
  6. As soon as authorized, they can help you find a different loan that includes a new annual percentage rate (APR) and repayment term
  7. Complete the vehicle refi process for the different loan provider to replace your old loan
  8. Make payments to your updated automobile loan financial institution
  9. Done!

Top-Selling Vehicles in West Virginia


Ford F-150 best selling truck in Parkersburg, WV

Did you know the best selling motor vehicles in West Virginia are Ford F-Series trucks? This makes them one of the most desireable vehicles in the area of Parkersburg. These popular Ford trucks are the top-selling and most financed vehicles. Do you have a Ford F-Series yourself? Do you also have a truck loan on it? Are you happy with your monthly truck payments and interest rate? Discover Ford auto refinancing options in Parkersburg.

New Car Buyer Financing In Parkersburg

Is it your very first time buying an automobile in your city? You might have funded your new car through the dealer, financial services division, bank, or regional credit union. Maximize any finance offerings at the time of purchase. Dealers will sometimes offer incentives like 0% interest financing opportunities, 0-down car loans, cash back specials, and staff discounts.

In the future, you might be able to save money by refinancing your vehicle and save money or pay your automobile loan off quicker by adjusting the payment term and APR or interest rate. This depends on your personal financial objectives and refinance alternatives provided by loan providers.

Lowering the interest rate can potentially help save you money on your regular monthly payments if your goal is to start saving money each month. On the other hand if your goal is to work towards paying down your auto debt, shortening your loan payment term can increase your payments in the short term but make it possible for you to pay off the loan quicker.

Parkersburg Auto Refinancing Rates and Trends in West Virginia

It’s never been a more suitable time to refinance your car, truck, SUV, or other motor vehicle while living in Parkersburg. Historic price trends can allow you to enjoy increased equity in your automobile and can result in preferable vehicle loan terms and rate of interest or APR. Use our car refinance calculator to see predicted savings and differences between your current car or truck payment and estimated new refinanced payment costs.

About Auto Refinancing Pre-Approval in Parkersburg

Vehicle refinancing pre-approval serves to help you pick and see prospective refi rates faster. The pre-approval approach means finance companies might have undertaken actions like examining your credit report and info, establishing loan suitableness, and knowing who you are. This step typically requires a soft credit pull which will not affect your credit history. These soft pulls are compared to the hard pulls which are carried out during the last steps in the refinancing procedure.

Ready To Start The Refinance Process?


Start by thinking about your refinance goals, consider what you want to change about your auto loan, and connect with lenders.

About Loan Repayment Assistance

There are not many methods offered for automobile loan payment assistance in Parkersburg. If you are having trouble repaying your auto loan or making monthly payments think about the following options:

  • Refinance the loan on your vehicle with the goal of saving money in mind
  • Sell off your current car or truck and search for a more inexpensive motor vehicle with a cost effective monthly payment

Parkersburg Car Refinancing and Financial Goals

Everyone normally has specific financing objectives for refinancing their car, SUV, or truck. These objectives are related to your life, household, building your savings, and preparing for the longer term. They can include saving for essential things, pre-qualifying to purchase a house, and getting out of personal debt. Ask yourself the following questions:

  • Is your regular monthly car or truck payment or rate of interest expensive?
  • Does it seem like you have high-interest financial obligations holding you back?
  • Do you want to be debt free and repay your automobile quicker?
  • Would saving more money help you pay the bills?
  • Are vehicle costs increasing in Parkersburg resulting in more auto equity?

If you responded yes to any of the above questions or feel like you want to better align your financial objectives, consider learning more about refinancing your car and connecting with any of our auto refi partners for more information. You may manage to save money. Use resources like our automobile refinance calculator, learn more about the benefits of vehicle refinancing, and potentially start saving $100s through reductions on your regular monthly loan payments.

Find West Virginia Serving Lenders for Refinancing**

Refinance your vehicle with our West Virginia serving partner lenders. Learn how you can save money on your car payments.

Find Car Insurance as a West Virginia Driver

Learn about insurance coverage options as aWest Virginia driver and vehicle owner. Bundling insurance may save money.

Love Your Car Like You Love Parkersburg, WV

Do you love where you live? If you love your area, ask yourself the following question. Do you love your vehicle loan as much as your city? Are you content with your loan’s month-to-month automobile payments and APR? If you are dissatisfied with any of the above car loan factors, there may be things you can do. Learn about options from refinance firms if you responded yes to any of these questions.

Learn About Refinancing

West Virginia Interesting Driver and Car Facts

Have you thought about how many individuals reside in Parkersburg or across the state of West Virginia? Ever consider how many licensed drivers there are on the roads in the area? The U.S. Census Bureau provides insight into these metrics and other associated vehicle numbers. We can use the reported census numbers to answer these questions. This information is tracked by Census Bureau Data for 2019-2020, but it is not endorsed or accredited by the Census Bureau. For instance, there were 4,026,151 licensed drivers in the state of West Virginia. There were also 2,109,108 automobiles registered. Using the 4,903,185 population, we can determine per capita ratios like 821.13 vehicle drivers and 430.15 registered cars per capita (1,000 people). Looking at both driver and vehicle numbers, there are 1.91 registered drivers per motor vehicle.

The State of West Virginia by The Numbers

Estimated Population: 4,903,185Registered Automobiles: 2,109,108
Automobiles Per Capita: 430.15Licensed Drivers: 4,026,151
Drivers Per Capita: 821.13Drivers Per Automobile: 1.91
Locale & Regional Stats
Locale City/Area: Parkersburg, WVLocale Time Zone : America/New_York
Locale County: WoodLocale FIPS: 54107
Locale Lat Long (Dec Deg): 39.2624, -81.542Locale CSBA: Parkersburg-Vienna, WV
Data comes from Census Bureau Data for 2019-2020, but is not endorsed or certified by the Census Bureau.
Auto Refinancing Near Parkersburg, WV

Parkersburg, West Virginia Auto Refinancing FAQs


Looking for info about car refinancing in Parkersburg, West Virginia? Find answers to frequently asked questions! It is important to know what you are getting into and be aware of how choosing to refinance your motor vehicle changes your life. These FAQs can help you understand what is related to refinancing your car or truck in Parkersburg, WV.

Can I refinance my car in Parkersburg, West Virginia?

Yes, you can refinance your truck, car, or SUV in Parkersburg if you consult with an auto refi lender who services your region.

Will refinancing my car in Parkersburg help to save me money?

Possibly. The amount of money you might save while refinancing your car in Parkersburg depends on many aspects including being able to qualify for a lower APR or interest rate and terms, your credit report, outstanding liabilities, automobile details, where you live in Parkersburg and other things.

Is automobile refinancing pre-approval certain if I have a great credit score and reside in Parkersburg, WV?

No, refinancing is not ensured when refinancing in Parkersburg even if you have good credit. You have to send your personal info including your address in Parkersburg for refinancing pre-approval and check loan options with specific lenders.

What are the best objectives to have when refinancing my automobile?

Your automobile refinancing objectives mostly depend on your circumstances. Refinancing can be situationally motivated and include desiring to adjust your automobile loan details.

How do I find out if refinancing my auto in Parkersburg will help me?

You usually want to start the vehicle refinancing process to see associated refinancing rates in Parkersburg. Until then, you can use tools like our car refinance calculator to calculate financial savings or modified car loan payment rates. Go to Auto Loan Refinance Calculator

Why are vehicle payments in Parkersburg so pricey?

Automobile loan companies and financial institutions calculate automobile payments based on a variety of things including your credit rating, liquid investments, outstanding liabilities, motor vehicle storage location, and projected financial risk. Your physical location or address can also play a part. For example, you may be offered a range of lending offers depending if you are residing in the city or area of Parkersburg compared to , , or .

What is required to get a vehicle loan in Parkersburg?

To secure a vehicle loan in Parkersburg, you are not required to be a member of any specific bank, credit union, or other loan provider. You can easily create the application. Remember you will need to qualify to finish the car loan application process.

What credit score do I need to have to refinance my automobile loan in Parkersburg?

You can commonly refinance your automobile loan if you have a credit score of 680 or greater. Your ability to refinance depends upon the lender and your vehicle. You may be able to obtain car loan refinance opportunities with a credit score in the low 600s or perhaps 500s depending on your loan-to-value ratio. Having higher equity built up in your automobile can make this possible.

How do I refinance my car loan in Parkersburg?

You can refinance your car loan by owning a car, truck, or other qualifying vehicle in Parkersburg, having a loan on that motor vehicle, matching lender requirements, and supplying your loan and individual details. Refinancing your suv, car, or truck can be a good approach to decrease your vehicle loan rate of interest and the amount you pay towards month-to-month payments.

To complete the refinance process in Parkersburg, you will need to have state-provided documents like your valid driver’s license, an income verification document, car or truck documents and pictures of the vehicle’s mileage and VIN number, and your current car loan details. You’ll be required to supply these things to the lender while in the loan application process.

The bank or credit union you pick will examine your individual and automobile info, inspect your credit rating, and let you know of the readily available new loan offers. You might receive a lower rate of interest. If you have any concerns, you can usually speak with your loan officer or business rep to see if you can reduce your regular monthly car or truck payment.

Ready To Start The Refinance Process?

Start by connecting with lenders in West Virginia.**