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Is auto loan refinancing worth it now?

Refinanced your mortgage and now asking yourself is auto loan refinancing worth it now, too?

Nicholas Hinrichsen - Published: September 11, 2020

Absolutely! You shouldn't think twice! Auto loan refinancing allows you to lower your monthly payment and save thousands of dollars over the term of the loan.

47% of Americans who got a mortgage in 2019 were people refinancing their mortgage and not home buyers. In contrast, only 5% of the funded auto loans in 2019 were refinancing transactions. People simply don't know it's possible to refinance your auto loan. We recommend you take a look at our auto loan refinance calculator to calculate how much you could save.


Haven't explored refinancing yet?
WithClutch.com is a 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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