How many times can you refinance a car loan?

I've refinanced my car loan once already, but it's been a couple of years. My credit has gotten much better and I'd like to refinance my car loan again, but am I able to do this?

Answer
Congratulations on improving your credit score! That’s a great achievement!
There are no standard rules on how often you can refinance your car loan. A lender generally wants to keep your business, so if you refinance often, other lenders might not want to take you on.
That said, an improved credit score is a great reason to refinance your car loan. If you want help finding the best rates from multiple lenders, try the Jerry app. Jerry makes refinancing your car easy by comparing quotes from multiple lenders to find a rate that works best for you. On average, car owners pay $85 less every month by refinancing their auto loan.
When refinancing remember to look for good deals, including:
Good luck!
Lauren Smith
Answered on Oct 29, 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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