Choose the offer that works best for you and answer a few questions. Jerry will ask you to upload a document or two after you’ve been approved by one of our trusted lenders.

Start paying less

Jerry will pay off your prior lender and introduce you to the new lender you’ll start making lower payments to. Yes, it’s that easy.

Frequently Asked Questions

What is auto refinancing?

Auto loan refinancing replaces your current auto loan with a new auto loan. The funds from the new auto loan are used to pay off your current auto loan. Your new auto loan typically comes with a lower interest rate, a lower payment, and a new repayment term. You’ll stop making payments to your old lender and start making monthly payments to your new lender.

What is the process to refinance my auto loan?

Review your offers: With the Jerry app, you can quickly review your offers and select the offer that works best for your situation. When you check your offers, we’ll ask for a few pieces of information so we can find the best loan options for you.

Submit your application: If you decide to move forward with an offer, we’ll ask you to provide additional details and your application will be submitted to a lender for approval. The lender will review your credit as part of the evaluation process. In some cases, this may appear as a hard credit inquiry on your credit report.

Upload your documents: When your application is approved, we may ask you for a few documents so we can verify the information you provided on your application. We’ll let you know which documents we need so you can upload them directly to the Jerry app with your phone.

Sign your loan package: Once your loan application has been finalized, you’ll be asked to e-sign your loan documents. Depending on your state, you may need to print a couple of documents for ink signature. Some states also require certain documents be notarized, but don’t worry, we’ll let you know exactly what you need to do and how to do it.

Once your loan documents are signed, the Jerry team takes care of all the time-consuming pieces of refinancing, including paying off your old loan, updating the lienholder on your vehicle title with your state’s DMV office, and setting up your new loan account with your new lender.

What are the benefits of refinancing my auto loan?

Refinancing your auto loan has two key benefits: a lower monthly car payment and/or a lower interest rate. A lower monthly payment frees up cash each month that can be used for other expenses. A lower interest rate could save you thousands of dollars in interest over the life of your loan.

Does it cost anything to refinance my auto loan?

Each state imposes a title transfer fee that can vary depending on the state in which you reside. This fee is charged by your state and may range from $5 to $75. Additionally, a one-time loan processing fee may be added to your loan amount based upon your state - this fee will never exceed $399. We will let you know if this fee applies to your loan and the amount of the fee. Importantly, no fees will be assessed until your loan is approved, finalized, and funded. These fees may be added to the balance of you loan and bear interest.

Does refinancing my auto loan impact my credit?

There is no impact to view your offers or check your rate. When you submit your application for evaluation, the lender may conduct a hard inquiry. A hard inquiry may lower your credit score. The impact to your credit score is temporary.

I have more questions. Is there someone I can speak with?

Our team is ready to answer any questions you have about auto refinancing. Call 1-833-445-3779, MON-FRI 8 AM – 5 PM ET, to speak with one of our auto refinancing specialists over the phone. You can also email us at refi@getjerry.com or text us at 1-470-206-1993.

Important Information

1. Average monthly and annual payment reduction amounts and APR improvement are based on the loan terms of customers who refinanced with Jerry between 10/1/2023 and 3/31/2024 and on information available to Jerry regarding those customers’ prior loans.

2. Viewing auto refinance loan offers may generate a “soft” credit inquiry on your credit report. This soft credit inquiry will not affect your credit score and is only visible to you. If you choose to accept one of your offers and submit a credit application, a hard credit inquiry may appear on your credit report, which may affect your credit score.

Every applicant’s credit situation is different and not all consumers qualify for a refinance loan. Those that qualify may not qualify for a loan that provides a lower monthly payment or lifetime savings compared with the consumer’s existing loan.

If you qualify, your actual loan terms, including APR, will depend upon factors evaluated at the time of application, and may include credit score, credit history, income, debt-to-income ratio, vehicle value (based on year, make, model, accessories, and mileage), loan-to-value ratio, loan amount and loan term.

A monthly or annual payment reduction does not mean that you will experience savings over the life of your refinance loan in comparison to making the remaining scheduled payments under your current loan. If you choose to extend your loan term beyond the remaining term of your existing loan, the overall cost of your new loan may be higher than what you would pay on your existing loan if you did not refinance.

Auto loan refinancing may not be available in all states.

LOAN FEES: The final loan amount may include a one-time loan processing fee that will be added to your loan amount only when your loan is finalized. The loan processing fee may vary by state but will not exceed $399. Other fees, including title filing and lien transfer fees may apply where permitted. In some states a notary fee may be required. In addition, you may pay additional fees for optional products, such as guaranteed asset protection (GAP) coverage or a vehicle service contract, if you opt to purchase these products. These fees may be added to your loan and accrue interest.

VEHICLE RESTRICTIONS: Refinancing is only available for vehicles that are 10 years old or newer and have 100,000 miles or fewer. Refinancing is not available for Daewoo, Suzuki, Oldsmobile, Crosslander, Isuzu, Hummer, Pontiac, Saab, Saturn, Mercury, Volvo truck, Volvo White truck vehicles, diesel Volkswagen vehicles, Dodge Neons or any commercial vehicles. Jerry Offers Inc. does not currently offer refinancing loans for RVs, motorcycles or salvaged titles. Other restrictions may apply.