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?

Answer
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!
Lauren Smith
Answered on Nov 19, 2021
Lauren has written for World Nomads, the Matador Network, Korvia Consulting, and once upon a time Three Fates Games. She graduated from Columbia College of Chicago with a BFA in Creative Writing. After graduating, she moved overseas and lived in South Korea where she spent her free time traveling and going on road trips with friends. She misses the rest stop potatoes and is trying to figure out how to recreate them at home. She's now based outside of Chicago and when she's not writing she spends her free time reading, playing video games, and exploring whenever she can.
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