Lower Monthly Payments With Auto Refinancing

Reduce your monthly payment, lower the amount of interest paid, or a combination of both by refinancing your existing auto loan. With CarFinance.com, you can start the process with our quick, online application. There are no fees to complete the process.

Car Loan Refinancing Online

Questions You May Have As You Apply

Will I Qualify?

The most important factors that CarFinance.com looks at when reviewing applications for refinance loans are: payment performance on current auto loan, payment performance on other debt, and ratios of your total debt to income and this potential CarFinance.com loan payment to your income. Everyone’s credit situation is unique, so we cannot provide hard and fast rules here about whether you’ll qualify. But if you have been making your loan payments on time recently you’re more likely to qualify, and we look forward to reviewing your application.

Is your outstanding balance more than $7,500?

If your current car loan balance is less than $7500 CarFinance.com will not be able to refinance your auto loan, but you could get approved for a new car loan and trade-in your old vehicle.

What documents do I need to apply?

Just like your previous car loan application, it is important for you to have proof of income or employment, residence, insurance and proof of identity. Additionally, you will want to have handy all the details of your car, like its Vehicle Identification Number (VIN), how many miles it has, and your registration and title documents.

Did your credit situation improve?

You should apply if your credit score has improved or if your interest rates were higher when you purchased your car and have come down since. Also, you must be current on your existing auto loan payments for 6 months to secure the best chance of approval and your best available rate.

Will my car qualify?

If your car has less than 100,000 miles on it, is not older than 8 model years, and is used for personal or family use, then it likely qualifies for an auto refinance loan with us. Otherwise, you could get approved for a new car loan and trade-in your old vehicle.

Do you understand the terms and details of your current car loan?

By terms, we are referring to the monthly payment, interest rate, and your payoff amount. It’s important to know the details of your current car loan so you can compare them to a refinance loan offer.

How to Easily Refinance Your Current Car Loan

Complete our easy online car loan application.
Get a decision in less than 30 minutes during business hours. If approved, receive an offer via email.
Submit your documents online to CarFinance.com
CarFinance.com pays off your existing loan.