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What is the best way to refinance a car loan?

When I initally got my loan, my credit wasn't great. I've improved my score and I've been told refinancing would be a good move. What’s the best way to do this?

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Lauren Smith · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“You’re right! Refinancing is a great way to lower your interest rate or monthly payments.
The best way to refinance is to shop around with different lenders. To get started, here’s what you’ll need:
  • Your name (the one on legal documents)
  • Your address
  • Your social security number
  • Proof of employment
  • Information on your current
    car loan
  • Your vehicle information.
With this information, you can begin requesting quotes from various lenders. Like
car insurance companies
, every lender has a different way of determining rates.
You can save yourself some time and energy by requesting quotes via the
Jerry
app. We’ll compare your options and try and give you the best deal you can get on your car loan.”
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