"Can I make changes to the terms of my car loan after I've signed the loan but before picking up the car? "

Answered by Car Loans Expert Eric on April 5, 2021

I'm starting to wonder if I made the right decision by agreeing to my new car loan. Can I still change its terms?

expert avatar

Eric

Car Loans Expert

“Probably not. When you sign on the dotted line, you’ve agreed to all the terms of the loan, including the interest rate, payment date, and the length of the loan. However, you may be able to call the lender to make adjustments to the terms of the loan. In rare instances, they may allow a few changes (such as to the payment date).

If you really can’t live with the terms of the loan, your best plan of action is to refinance the loan. Keep in mind that interest rates can fluctuate. So if the interest rate goes up, is it worth it? Only you can answer that question, but it’s something to keep in mind if you want to refinance to change the terms of the loan. “


Car Loans

Have an insurance question?

Our insurance agents are ready to help you, for free.

Ask your question, it’s 100% free
Recommended
Thousands of customers saved on average $887/year on their car insurance with Jerry
This app is great, but the customer service is even better! Not to mention convenient! My husband and I got the lowest rate (much lower than the rates I was finding online through my own searches), quickly, and pretty much all through text message! Thank you so much for a hassle free experience👍
user
Gabriella R.
Find savings (100% Free)
stars
4.6/5 Rating on App Store
logos
logos
logos