How soon can I refinance my loan from a Jeep dealer?

I financed through a Jeep dealer to get bonus cash on my new Wrangler. After a month, I found a much better rate through my credit union. Can I make the switch?

While there is no technical timeline to refinance a car loan for a Jeep, you should wait at least 60-90 days.
It takes two to three months for your title to transfer from the dealer to the lender, and most lenders won’t consider a refinance without the title in hand. That said, your credit score likely dropped a little when you first applied for your loan because the lender will have made a hard inquiry on your credit report. You may want to consider waiting six months so you can build your credit back up.
If you’re a first-time borrower, most lenders will require one-half to one year of payments before they will refinance your loan.
Along with saving money on your loan, you can save money on car insurance. Car insurance rates can fluctuate with time, so searching for quotes on Jerry is a good idea Jerry will provide you with quotes from up to 50 top providers. Once you make your choice, Jerry will take care of all of the paperwork!
Eric Schad
Answered on Oct 25, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.

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