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Can you refinance your car loan?

I lost my job due to the pandemic and have been struggling to find a stable job since. My finances are strained, but I can't lose my car. What’s the easiest way to refinance a car loan?

avatar
Lauren Smith · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
I’m sorry to hear that things have been rough, and I hope it all gets better soon!
Yes, you can refinance a car loan. Refinancing is a great way to save money on monthly bills. And the
Jerry
app makes it easier than ever.
Avoid the hassle of researching and sending documents to potential lenders. Jerry’s app instantly connects you with top companies to compare competitive rates. Jerry even takes into account your specific financial needs to find a loan that best meets those needs.
Should you find out refinancing isn’t the best option for you, note that some lenders—especially credit unions—will go out of their way to work with you if you’re experiencing financial hardship. The lender doesn’t want you to default or end up
upside-down
in your loan, either. So reach out and explain what’s going on to find out what other options might be available until you get back on your feet.
Best of luck on your job hunt!
MORE: How to refinance a car
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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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