Can you refinance a car loan?
Updated: Aug 8, 2020
Many Americans are leaving thousands of dollars on the table because they keep overpaying on their auto loans.
Can you refinance a car loan? You absolutely can!
Few people know it but you can indeed refinance your auto loan as well. Only 5% of all funded auto loans in 2019 were refinances. To put this into perspective: a whopping 47% of all funded mortgage applications in 2019 were refinances.
That’s crazy! People save money on their house payments but don’t yet save money on their car payments! As a result, many Americans are leaving thousands of dollars on the table because they keep overpaying on their auto loans although they long qualify for a lower rate.
Don’t be one of those people who overpay for their car loan and look into refinancing now!
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.