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Keep Your Car.
Drop Your Payment.
Stop overpaying the dealership's preferred lender. Refinance your current auto loan to unlock a lower interest rate, slash your monthly bill, and put cash back in your pocket.
Lower Your Monthly Bill
If your credit score has improved since you bought your car, you are likely overpaying. We match you with lenders competing to give you the lowest APR.
Skip a Payment
Give your budget a breather. When you close your new refinance loan, you often get up to 60 days before your first new payment is due.
Cash-Out Refinancing
Have equity in your vehicle? Borrow against the value of your car to get a lump sum of cash for home repairs, debt consolidation, or emergencies.
Check Your New Rate
Compare custom refinance quotes from top auto lenders. Checking your options will NOT impact your credit score.
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Interactive Tool
Refinance Savings Estimator
Find out exactly how much extra cash you could have every month. Enter your current loan details below to simulate your new, optimized auto payment.
$
The payoff amount quoted by your current lender.
$
%
Warning: Extending your term significantly might increase the total interest paid over the life of the loan, even if your monthly payment drops.
Projected Cash Flow Improvement
Estimated Monthly Savings
+$158 /mo
Extra Money In Your Pocket
Old Payment
$520
New Payment
$362
Why Refinance Instead of Trading In?
Understand why restructuring your current loan is often vastly superior to going back to the dealership.
| Feature | Auto Refinance | Dealership Trade-In |
|---|---|---|
| Monthly Payment | Goes DOWN immediately. | Usually goes UP (buying a newer car). |
| Dealer Markups & Fees | None. Direct lender-to-lender transfer. | High. Doc fees, prep fees, add-ons. |
| Negative Equity ("Underwater") | Often manageable if LTV is within limits. | Rolled into new loan, creating a massive debt trap. |
| Process Speed | Fast. Done entirely online from home. | Slow. Requires hours inside a finance office. |
Auto Refinance FAQs
No. When you submit your initial information to check your rates, lenders perform a "soft pull" on your credit. This allows you to see the exact rates and terms you qualify for without any impact on your FICO score. A hard inquiry only occurs if you choose to formally accept and finalize the new loan.
Being "upside down" or having negative equity makes refinancing harder, but not impossible. Many specialized auto lenders allow Loan-to-Value (LTV) ratios of up to 130% or even 150%. This means they will refinance your loan even if you owe up to 50% more than the car is currently worth, depending on your credit history.
When you close on your new refinance loan, the new lender pays off your old lender immediately. However, your first payment to the *new* lender isn't typically due for 30 to 60 days. This timing gap effectively allows you to "skip" a month of making a car payment, keeping that cash in your bank account.