There is a way to change your auto loan's interest rate later on in your loan term: refinancing. We cover the common requirements and lay out how the process of refinancing a car loan works.

Simply put, refinancing is replacing an auto loan contract with another on the same vehicle. This is typically done to save you money on your monthly payment.

When you need to refinance your vehicle, whether or not you need a cosigner depends on your credit situation and the state of your loan. Usually, one isn't needed if you're taking good care of your loan by paying on time and improving your credit. But, if you're trying to refinance your vehicle and your

You can refinance a post-bankruptcy car loan, but you generally have to wait for at least a year to pass in order to qualify, as well as meet the other requirements.

If you have negative equity, you can run into trouble getting approved for refinancing. Because a car is treated as collateral, most lenders won’t refinance a vehicle that’s upside down, as the risk of a loan default is much greater with negative equity.

Whether or not it's easy to refinance a car loan depends on your situation and the lenders you're working with. Still, the process is usually no harder than applying for a refinancing loan. Here's what we know. Refinancing Made Easy Refinancing means replacing your current car loan contract with a new

Whether or not you should wait to refinance your car depends on a few factors. Right now, with interest rates being raised to battle inflation, it may be a good time to try refinancing if you need to save money on your auto loan. This is to say refinance now before rates start to climb higher than the

Refinancing isn't for everyone, but it's the way to go in some cases. Here are some reasons you may want to refinance, plus some reasons why you may not.

If you are currently in an auto loan that you aren’t happy with, you may have heard of the term “refinancing.” This could be something to consider if your credit score has improved or interest rates have gone down since you got your current loan. Refinancing can be a good option to save money,

Refinancing is meant to help you lower your monthly auto loan payments, or give you longer to pay for a vehicle you love. While there's technically no limit to how many times you can do this, it may not be wise, or possible to do it more than once.