Complimentary NY Metro Delivery + Total Loss Protection Available • See How It Works

Just Text Us

(201) 815-8216

Will refinancing my car loan lower my APR?

It can. If your credit score has improved since you took out the original loan, or if market rates have dropped, refinancing may qualify you for a lower APR and reduce your monthly payment or total interest paid. Refinancing generally delivers the most benefit when you are early in the loan term and still have a significant principal balance remaining.

See all FAQs