Services
PriceProtect™
DriveShield™
GarageGuard™
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Home Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Recent Studies
Comprehensive Data Reports
Reviews
About
FAQ
MenuIcon
BACK

Can I refinance my car loan at the dealership?

I originally got a loan with a car dealership, but the interest rate is 10%, which seems way too high! Can I refinance my loan at the dealership or do I need to go somewhere else?

avatar
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
With that 10% interest rate, you’re doing the right thing by
refinancing
—and the good news is, you are not confined to the dealership when refinancing your car loan!
While some dealers do offer refinancing, not everyone does. If you’re interested in negotiating a better interest rate with your current dealership, you can always check with them—but remember that shopping around is one of the best ways to get the lowest rate possible. 
If you’re looking for a lower interest rate: You may have better luck pursuing refinancing through a
bank or credit union
. Independent lenders tend to have lower interest rates than dealerships, since dealers charge you to act as a middleman between you and the bank or credit union. 
At the end of the day, the choice is yours. Just remember that the more quotes you can gather, the better your chances are of getting a great deal on your car loan rate!
MORE: How to refinance a car loan in six easy steps
RefinancingCar DealersAuto Refinance
View full answer 
Jerry user testimonial avatar
rating primary
“My experience with Jerry has been absolutely incredible. It took my car insurance from about $400/month to about $80. The entire experience is seamless.” - Gregory R.
Lower my car insurance too
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

Join 4M+ members in lowering their car insurance

Find insurance savings

You Might Also Be Interested

card cover

Can You Refinance a Car with the Same Bank?

You can often refinance a car with the same bank, but shopping around ensures you’re getting the right loan for you and your vehicle.
avatar
Max Werner
card cover

How to Reduce Car Payments Without Refinancing Your Car Loan

If you don't have good enough credit to refinance a car loan, auto loan modification is a good option. Contact your lender for options on lowering payments and interest.
avatar
Rochelle Miller-Hernandez
card cover

How Long Does it Take to Get Approved for a Car Loan from a Dealership?

Going to the dealership might not be a one day trip, especially if you're planning on applying for a loan. But there are things you can do to speed it up.
avatar
Marisol Pereira

Read Advice From Car Experts At Jerry

card cover

8 Top Chevrolet Tahoe Competitors

The 2022 Chevrolet Tahoe is a top-performing three-row SUV, but perhaps a large SUV like the Jeep Wagoneer or Cadillac Escalade is more your style.
avatar
Mary Cahill
card cover

Tesla Model X 3rd Row Seating Review

The Tesla Model X’s third row seating offers head and leg room, but not much of either, making this an SUV best used with no more than five passengers.
avatar
Jason Tushinski
card cover

Does Texas Require Front License Plates?

Texas requires front license plates for most passenger vehicles—and it’s especially important in cities with lots of car thefts.
avatar
Mariza Morin

What Others Are Asking

What's the best driving route from Michigan to Florida?
My husband and I are taking our kids down to Florida from Grand Rapids, Michigan, but we’re getting mixed feedback about how to get there. We want to take a road trip, but we want to make sure we’re getting there as fast as possible to enjoy the most beach time. What’s the best way to get to Florida from Michigan?
avatar
Kaitlin May
How do I fix a bent car door frame?
I locked my keys inside my car and had to call roadside assistance. Unfortunately, the roadside service technician pried my door open and bent the frame. What’s the best way for me to fix a bent car door frame?
avatar
Phoebe Mah
Are all car loans amortized?
I want to learn more about car loans before I sign a contract for my first one. I keep reading about amortization, but I’m not quite sure what it means. What is amortization? Are all car loans amortized?
avatar
Eric Schad
Browse All Questions

Browse More Content

Car Repair Resources

Insurance for Your Car

Insurance in Your State

    Insurance In Your City

    Easiest way to compare and buy car insurance

    √
    No long forms
    √
    No spam or unwanted phone calls
    √
    Quotes from top insurance companies
    Find insurance savings
    Car Insurance by Make
    Audi
    BMW
    Dodge
    Ford
    GMC
    Honda
    Hyundai
    Jeep
    Kia
    Lexus
    Mercedes-Benz
    Mitsubishi
    Subaru
    Tesla
    Toyota
    View all
    Car Insurance by Model
    Chevrolet Silverado
    Chevrolet Malibu
    Ford Escape
    GMC Sierra
    Honda Accord
    Honda Civic
    Hyundai Tucson
    Jeep Cherokee
    Jeep Wrangler
    Kia Forte
    Mazda 3
    Nissan Altima
    Subaru Outback
    Subaru Crosstrek
    Toyota Camry
    Toyota Corolla
    Toyota Tacoma
    Toyota Highlander
    Toyota Rav4
    Volkswagen Jetta
    View all
    Car Insurance by State
    AL
    AZ
    AR
    CA
    CO
    CT
    DE
    FL
    GA
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NH
    NJ
    NM
    NY
    NC
    ND
    OH
    OK
    OR
    PA
    RI
    SC
    SD
    TN
    TX
    UT
    VT
    VA
    WA
    WV
    WI
    WY
    Car Insurance by City
    Austin, TX
    Boston, MA
    Charlotte, NC
    Chicago, IL
    Columbus, OH
    Dallas, TX
    Denver, CO
    Houston, TX
    Indianapolis, IN
    Jacksonville, FL
    Las Vegas, NV
    Los Angeles, CA
    Nashville, TN
    New York, NY
    Philadelphia, PA
    Phoenix, AZ
    Portland, OR
    San Antonio, TX
    San Francisco, CA
    Seattle, WA
    View all
    Car Loan by Make
    Audi
    BMW
    Chevrolet
    Ford
    GMC
    Honda
    Hyundai
    Kia
    Lexus
    Nissan
    Mercedes-Benz
    Subaru
    Tesla
    Toyota
    View all
    Car Insurance by Company
    AAA
    Allstate
    Aspire Advantage
    Assurance America
    Bristol West
    Commonwealth
    Dairyland
    Encompass
    Infinity
    Kemper
    Mapfre
    Mercury
    National General
    Nationwide
    Plymouth Rock
    Progressive
    Safeco
    State Auto
    Travelers
    Car Loan by State
    AL
    AZ
    AR
    CA
    CO
    CT
    DE
    FL
    GA
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NH
    NJ
    NM
    NY
    NC
    ND
    OH
    OK
    OR
    PA
    RI
    SC
    SD
    TN
    TX
    UT
    VT
    VA
    WA
    WV
    WI
    WY
    Car Repair by Service
    AC Compressor Replacement Cost
    Battery Replacement Cost
    Fuel Injector Replacement Cost
    Fuel Pump Replacement Cost
    Ignition Coil Replacement Cost
    Oil Change Cost
    Oil Pan Replacement Cost
    Power Steering Fluid Service Cost
    Rotate Tires Cost
    Spark Plugs Replacement Cost
    Timing Belt Replacement Cost
    Valve Cover Gasket Replacement Cost
    Water Pump Replacement Cost
    Wheel Bearings Replacement Cost
    View all