1 min read 
Caribou CEO Simon Goodall joins FOX Houston to share how local drivers can save money on their car loan. Car owners can enter their information on Caribou.com to explore loan options through a network of lenders, primarily credit unions and community banks. Goodall says there’s no application fee, and it won’t affect their credit just to check their options.
“We would only do a hard credit pull once they found a rate that’s interesting to them. Then we take it to the next step and do a formal application,” said Goodall.
Goodall says some lenders charge a loan origination fee, but it’s usually rolled into the loan. He says even a small improvement to your credit score could result in better loan terms.
“We find that customers, as soon as a few months after purchasing a vehicle from a dealership, are able to save money from a refinancing perspective, because they don’t always shop rates when they’re buying a new car,” explained Goodall.
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