Auto Refinance Loans

An Easy Way
To Save Big Money!

Auto refinance loans have become more popular than ever before. With the economy dragging, consumers are looking for ways to save as much money as possible each month.

Auto refinance loans are an exceptional way to do just that...Save Money! In fact, if you were able to reduce a 72 month auto loan by $60 a month, that would equal over $4,320 in savings.

Call me crazy, but that's some serious money!

The best part about auto loan refinancing...
It's Free!

Consider refinancing, you'll thank yourself the next time you make your, much smaller, monthly car payment.

Below I'll show you two excellent sources to refinance your auto loan. Keep in mind, your credit score will play a big factor in determining what lender will give you a loan and what type of lower rate you can expect.

Not sure what your credit score is? Get your free credit score


Auto Refinance Loans
Costs & Examples of Savings

There are multiple reasons to refinance your car or other auto loan, but one of the most common reasons is to lower monthly payments by refinancing the car dealer finance profits out of your payments.

Yes, car dealerships profit when they arrange financing for customers and this profit can lead to you overpaying $20, $30, even $60 or more per month to cover their profits. That's a lot of money wasted...

Refinancing an auto loan is typically an easy process and you should not be charged to refinance.

On occasion a lender will charge a small document preparation fee, but these fees are becoming less common.

The only other fee you may encounter would be a title transfer fee which is paid to your states Motor Vehicle Division. This fee will vary from state to state, but usually runs between $5 and $65.

Examples of Savings
Here's a couple of examples of the money that you could be saving with auto refinance loans. What a difference a few % points makes...

Loan Amount - $22,000
Loan Terms Orginal Loan New Loan
Term 60 Months 60 Months
APR 13.99% 9.99%
Payment $506.02 $463.57

SAVINGS - $42.45 each and every month
or $2,547.00 over the 60 month loan!!!

Loan Amount - $31,000
Loan Terms Orginal Loan New Loan
Term 72 Months 72 Months
APR 9.49% 5.49%
Payment $562.03 $504.09

SAVINGS - $57.94 each and every month
or $4,171.68 over the 72 month loan!!!

Take a look at this very simple, but effective auto refinance calculator to compare up to 4 different refinance loans at once.

What Information You'll Need
In order to apply and finalize your auto refinance loan, there are some things you'll definitely need and some that you may need:

Definitely Need

  • Your Vehicle Identification Number (VIN)
  • Your vehicle's current mileage
  • Name of current lien holder
  • Current loan information
    • Original amount financed
    • Current payoff amount
    • Current monthly payment
    • Length of finance term (60, 72 months, etc.)
  • Make, model and style of your vehicle (i.e. Honda Accord EX)
  • Social Security Number
  • Date of birth

What You May Need

  • Proof of income (pay stub, bank statements, tax returns, etc.)
  • Proof of residence (utility bill, etc.)
  • Personal references (3-6 with address and phone number)
  • Proof of checking account

These "may need" items are usually for auto refinance loans where customers have some credit issues. FYI...lenders have tightened up recently and even with better credit don't be surprised if they ask for proof of what you've stated on your application.

Sources for Auto Refinance Loans is an excellent source for finding low rate auto loans. In fact, as of this writing they have lenders offering rates as low as 2.79%. On top of low rates, they will give you up to four quotes from competing lenders, so you can choose what lender works best for you. Definitely check them out and apply today - "Auto Loan Application"

Money Aisle

The second source for refinance auto loans allows you to make lenders compete for your business. You'll have credit unions and banks compete in a "Reverse Rate Auction" to earn your business.

Visitors have had great success in lowering their rates through Money Aisle. They have hundreds of lenders in their network, but they don't have lenders in their network nationwide.

It's fast to run an auction, and fun to watch the rates drop, so definitely give it a try. Run your very own Reverse Rate Auction Now!


Refinancing is a fairly simple process and you now know how to refinance car loans, what documents you'll need and where to apply.

That being said, you may still have questions. If you do, you can read some frequently asked questions here: refinance my auto loan, or you can simply scroll down to ask your own.

What Other Visitors Have Asked

Take a look below to see refinance questions from other visitors...

When Should I Refinance My Auto Loan 
Question: I need some guidance on when I should refinance my auto loan. I have a 2007 Jeep Liberty with almost 89K miles on it. I still have …

How Do I Refinance My Car Loan for a Longer Term 
Questin: How do I refinance my car loan for a longer term? I purchased a 2011 jeep patriot 3 weeks ago and I would like to finance for 72 months …

When Can I Refinance My Car Loan? 
Question: When can I refinance my car loan? I just got a 2009 car that now has less than 3,000 miles. I financed with Capital One at 6.99% …

Refinance with No Loan on Vehicle 
Question: Is a person able to refinance a vehicle if the do not currently have a loan on the vehicle. The vehicle is paid off... Answer:

Refinancing My Auto Loan During Last Year of Payoff 
Question: I want to refinance my auto loan and I am in my last year of paying it off. I have $7000 left to pay off on my loan which was originally …

Refinance for a New Car 
Question: How can I trade in my old car with a current car loan for a new car with financing? I have payed 443 dollars for 21 months on a car …

Refinance a 72 Month Auto Loan 
Question: I got a car loan for 8k for 72 months on a 24.99% APR. I want to pay it off within a year to avoid high interest rates. What other …

Refinance With a Warranty Included in the Payment 
Question: I currently have a used car loan with the extended warranty jimmied into the monthly payment and I am looking into refinancing the …

Refinancing Car Loan  
Question: I have a question about refinancing my car loan. I am currently paying an 18% interest rate on my car loan (I know it's very high), …

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