Can I refinance my car loan with a different bank?

Is it possible to refinance my car loan with a different bank? I don’t want to refinance my loan with the same bank.

Answer
With so many different lenders available to choose from, you can decide who you want your new lender to be!
Refinancing is typically a process done with a new lender, so refinancing with a different bank is no different than refinancing with other lenders.
Before deciding where to refinance your loan, shop around and compare quotes to ensure you get the loan that best matches your needs.
If you want help shopping for the best deals on your new car loan, try using the Jerry app. Jerry compares offers from multiple lenders to make sure you never overpay for your loan. On average, car owners pay $85 less every month by refinancing their auto loan.
Good luck refinancing!
Phoebe Mah
Answered on Nov 23, 2021
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