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Can I refinance my car loan with another bank?
I want to make some changes to my car loan, like removing my nana as a cosigner and seeing if I can get a better interest rate. The customer service at the bank I originally got my loan with has been pretty bad. The staff has been rude to me and my nana. I want to take my business elsewhere. Is it possible to refinance my car loan with a different bank?
Lauren Smith · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
I’m sorry to hear that your current bank’s customer service has been bad. But don’t worry, you can refinance your car loan elsewhere.
To refinance your car loan with another bank, start by shopping around other national and local banks, credit unions, and online lenders to find the best rates. You’ll likely need to provide:
- Your credit score
- Your income
- The amount you owe on the loan
- How much you can afford to pay monthly
You’ll also want to let prospective lenders know about your intention to remove your cosigner, as this may impact the interest rates and terms of the loans you qualify for.
Alternatively, you can compare quotes quickly and easily with the
Jerry
app. With our refinancing calculator, you can avoid the hassle of searching for lenders on your own and start saving on your car loan ASAP.On average, car owners who refinance save $85 a month on their loans. Plus, Jerry earned a 4.6/5 rating on the App Store and is the top insurance app in the country.
MORE: Does refinancing a car hurt your credit score?
View full answer
- Gregory R.
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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.
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