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Is it possible to refinance a car loan?

I am two years into my car loan and have been paying it every month on time. I’ve also been working on my credit—it’s gotten a lot better already. Can I refinance my car loan?

avatar
Lauren Smith · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Yes, you can refinance a car loan.
Since your credit score has improved, you may qualify for better rates and save hundreds of dollars. You can use an app like
Jerry
 to compare quotes quickly and easily all in one place. And you can even use Jerry’s refinancing calculator to estimate how much you’ll save.
Even if your current lender extends a refi offer to you, you should still shop around. Get quotes from local and national banks, credit unions, and online lenders.
Using information from your current loan and credit, Jerry shops around for you and makes comparing rates quick and easy. Get a customized list of the best loan options for you to ensure that you find the best deal.
MORE: What is APR and how is it calculated?
APRRefinancingCar Loans
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