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Auto loan refinance with cash back?

Nicholas Hinrichsen - Published: September 15, 2023

Can you get cash back from auto loan refinancing?
Yes! Here's three quick ways to check whether you're eligible to get cash from your auto loan and a few pieces of advice on what not to do.

First, you want to make sure you've got some positive equity in the car. To do so, you need to compare your loan balance (how much you still owe) to the current value of the car. Check Kelly Blue Book ( and remember that lenders will typically use the "Buy From a Dealer" value called the "Fair Purchase Price" value (please not that some lenders use alternate versions but this is the best starting point). If you're loan balance is more than the current value, its unlikely you can get cash back.

Secondly, you'll need to apply for auto loan refinancing! is a finance platform aggregator that works with multiple lenders to get the best rates. You'll want to specify how much cash you'll want to loan. Typically you can get up to 100% of the vehicle's value as a loan and the difference between this value and your current loan is the "cash back" amount. E.g. so if you owe $8,000 on a $10,000 car you could cash out up to $2,000.

Lastly - don't confused a TITLE loan to auto loan refinancing. Often these loans are much higher interest, shorter term, and have hefty fees associated.undefined

Haven't explored refinancing yet? Take a look at our exhaustive article about all the auto refinance companies and you will realize, is the only fully digital platform that lets car owners like you do so from the comfort of their own home. No need to set a foot in a bank or credit union. You can lower your rate or get cash in as little as 20 seconds.

Follow three simple steps to refinance your auto loan, get approved in seconds and save thousands in minutes.
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