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Expert Advice for Auto Refinance

All Articles on Auto Refinance

What is Yo-Yo Financing?
“Yo-yo financing” or “spot delivery” allows a driver to leave the dealership with a new vehicle before its financing has officially been finalized.
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Melanie Krieps Mergen
Loan Modification vs. Refinance: Which Is the Better Option?
Whatever’s putting the pinch on your wallet, Jerry can help you decide whether an auto loan modification or refinancing is right for you.
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Sarah Gray
Is Refinancing a Car Worth it?
Refinancing your car can be risky, but the rewards are well worth it if your circumstances are right. Click here to learn more.
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Pat Roache
The 3 Worst States to Finance a Car
Alaska, Montana and New Mexico rank among the three states with the highest car financing interest rates.
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Allison Stone
The 3 Best States to Finance a Car
Michigan, South Dakota and Wisconsin are three states with some of the lowest average car financing rates across the board.
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Allison Stone
Car Loans for Bad Credit and Negative Equity
Getting a car loan with bad credit and negative equity can be difficult, but it’s possible with this guide from Jerry.
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Maxine Boyko
How Many Times Can You Refinance Your Car?
There is no legal limit to the number of times you can refinance your auto loan, but doing so brings along its own set of benefits and challenges.
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Claire Beaney
The Pros and Cons of Car Loan Refinancing
Refinancing your car loan can put extra cash in your pocket, but doing so may saddle you with a higher interest rate and a longer loan term.
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Jason Tushinski
Your Guide to Selling a Car With a Loan
This is a guide for selling a car with a loan. You have to pay off the loan before transferring ownership. To prepare, you can determine your payoff amount and current market value.
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Jacoba Bood
How To Refinance a Car Loan in Six Easy Steps
Refinancing your car loan could save you money and only involves a few simple steps such as gathering documents, checking credit, and confirming your loan terms.
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Jason Tushinski
3 Quick Ways To Cut Costs on Driving as Gas Prices Continue to Rise
Gas prices are on the rise all over the country. To help offset the rising costs of fuel, there are a few simple options you can explore.
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Andrew Koole
Consumers Are Borrowing More Money to Drive Expensive Vehicles
A study on the auto credit market shows that consumers are financing vehicles longer and borrowing more to drive larger vehicles like SUVs and trucks. But, this probably isn’t something to worry about since on average, credit scores are also improving.
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Nelly Bellamy
How Many Car Payments Can You Miss Before Repo?
Missing a single payment could put you at risk for repossession—but you’ll usually have between 60-90 days.
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Jacoba Bood
Trading in a Car While Still Paying off a Loan
You can trade in a car while still paying off a loan, but it will be easier if you have positive equity in the vehicle.
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Jason Tushinski
Can You Refinance a Car with the Same Bank?
You can often refinance a car with the same bank, but shopping around ensures you’re getting the right loan for you and your vehicle.
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Max Werner

All Questions on Auto Refinance

How soon can I refinance my car loan after I purchase my vehicle?
I’m not pleased that my current monthly payment is so high. How long do I have to wait to refinance my car loan?
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Phoebe Mah
How long do I have to wait to refinance a car loan?
I have been paying my monthly loan payments for five months now. I was wondering if refinancing my loan for my Jeep Wrangler is an option for me. Can I refinance my car loan early?
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Phoebe Mah
How does a loan rework function?
"My lender got a hold of me for a ""loan rework"" on my auto loan. To do this, I have to put down a lump sum of $5,000, which only reduced my monthly car note from $320 to $307. How does a loan rework function? The math doesn't add up."
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Eric Schad
When can I refinance a car loan?
I'm hoping to refinance my car loan to get a better deal. When should I do that?
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Liz Jenson
How can you refinance your car loan?
I recently started renovating my basement to build a personal gym and I quickly discovered it will be a lengthy and expensive project. I’m trying to free up as much money as I can each month and I thought about refinancing my car loan. How do I refinance my car loan?
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Jack Walsh
Should I refinance my Nissan 370Z to cut my interest rate and pay off the balance sooner?
"My annual salary is about $80,000, and I have a $20,000 car loan with a 6.74% interest rate. Refinancing this loan will cut my rate down to 3.99%. I plan to pay off the loan within eight months. Is refinancing my Nissan 370Z worth it?"
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Eric Schad
What's the easiest way to remove a cosigner from a car loan?
I want to remove a cosigner from a car loan, but I'm not sure how to go about it. What's the easiest way?
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Eric Schad
How do I get out of a car loan contract on my Nissan?
I have a car loan for my 2018 Nissan Pathfinder, but I've grown tired of the car. Can I get out of the loan? How?
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Eric Schad
How do I reduce the amount of interest I pay on a car loan?
I hate paying more money for things than necessary. How can I reduce the amount of interest I pay on a loan for my Ford?
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Eric Schad
Is an 8% interest rate good for a car loan?
I have been shopping for a car loan here and there because my old car died. The best I can find is an 8% interest rate. Is this good?
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Eric Schad
How can I refinance my car loan?
I’ve had the same car loan for about a year. I’ve been building up my credit score since I got the loan, and now I want to refinance. What’s the best way to refinance my car loan?
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Chloe Jenkins
Can you get a car loan after buying the car?
I’ve managed to save up just enough money to finally buy my dream car, a Ford Mustang. I want to get it ASAP, but I’m afraid if I rush and spend all of my money now, some unnecessary expenses may come up that I can’t afford. I would get a loan, but I’m trying to get the car like yesterday. Can you get a car loan after buying the car?
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Michael Miserendino
What are the benefits of refinancing a car?
I have a 17% interest rate on my car loan and my friend told me I should consider refinancing. What are the advantages of refinancing my car?
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Eric Schad
What is the meaning of refinancing a car loan?
With COVID lockdowns going on throughout the country, I’ve heard about many people saving money by refinancing their car loans. What’s the definition of refinancing a car loan?
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Jack Walsh
How do I remove a cosigner from a loan with Ally?
I have a car loan with online lender Ally. I want to remove my cosigner from the loan. Can I do this without meeting a representative in person?
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Eric Schad
When can I refinance my car loan?
I’ve paid my monthly car loan for one year now, but I have a high interest rate. I want to lower it, but I’m not sure if refinancing is possible. When is the suggested time to refinance my car loan?
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Phoebe Mah
Can I trade-in a Jetta for a cheaper car to the dealership if I can't afford the payments?
"I purchased a Volkswagen Jetta for $17,000 two months ago. Now, I can't afford to make payments. Can I trade this car back in and getting something cheaper?"
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Eric Schad
How soon after I take out a car loan can I refinance?
I took out a car loan about six months ago, but my credit score has risen and rates have dropped a bit. How soon after my original car loan can I refinance?
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Eric Schad
Are there penalties for paying off a car loan early?
I’ve gone through my finances and realized that I can pay off my car loan early. I want to do this, but will I face any surprise penalties?
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Lauren Smith
Is a car loan considered a lien?
I’m a little confused. I have a car loan, but I keep hearing my friends talk about their car liens. Are these the same thing?
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Lauren Smith
How do I refinance with Toyota Financial?
Is there any way to refinance my loan with Toyota Financial? I'm paying too much every month, and I really need to lower my payments.
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Liz Jenson
How can you refinance a car loan?
I recently started a new job, and the salary is nearly double what I was making before. I’m hoping to pay off my car loan sooner and start modifying my vehicle, but I need to refinance first. How can you refinance a car loan?
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Jack Walsh
How Do I Refinance A Car Loan Through Toyota Financial?
I want to refinance my Toyota Corolla and I currently have a loan with Toyota Financial. Can I refinance through them?
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Eric Schad
Can I refinance a car loan the next day?
I want to get financing from a dealership to get a special rebate, but the interest rate isn't great and I can get a better rate from my bank. Can I refinance the car the next day?
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Eric Schad
Can I refinance my car loan with the same bank?
When I had to buy my car, my credit wasn't in the best shape. It has been a few years since then, and my credit is much better now! I was thinking about trying to refinance my car to get lower interest payments. Can I refinance my car loan with the same bank?
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Shannon Martin
How can I refinance a car loan with bad credit?
Can I refinance my car loan with bad credit? These monthly payments are too high, and my buddy said I could lower them by refinancing my loan.
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Shannon Martin
What's the best interest rate I can get at a buy here pay here dealership?
I have below-average credit, but I still want to get a car loan. I've tried traditional dealers and banks, and they won't lend to me. A local dealership has agreed to take me on—but how much can I expect to pay in interest?
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Eric Schad
As an auto expert, what is one of the strangest car-buying experiences you've ever heard of?
I’m always curious to learn about other people’s experiences. Do you have an interesting story?
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Eric Schad
Can I remove my cosigner from my car loan?
My partner and I recently broke up. He was the cosigner of my car loan and I want to remove him. Can I do this?
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Will Baldwin
What happens if you refinance your car loan?
I have about two years left on my current car loan, but I got a new job and can now afford to make larger monthly payments. I want to refinance my car for a shorter term, but I’ve never done it before. So what happens if I refinance my car loan?
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Jack Walsh

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