Why refinance
If your credit has improved since you bought — often after a year of on-time payments — you may qualify for a lower APR. Refinancing replaces your loan with a cheaper one, lowering your payment, your total interest, or both.
When it makes sense
Refinancing is worth it when rates have dropped, your credit is better, or your original loan was subprime with a high rate. Even a few points off the APR can save hundreds or thousands.
What you need
Proof of income, your current loan details, and a car that still has value relative to the balance. The better your current credit and equity, the better the new rate.
Check your savings
Elite Edge Auto Broker can review your current loan and shop refinance options to see if a lower rate is available for your situation.
Ready to see what you qualify for?
Elite Edge Auto Broker gets South Florida buyers approved — bad credit, no credit, ITIN, no SSN, $0-down options — at below-dealer pricing.
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Frequently asked questions
When should I refinance my car loan?
When your credit has improved or rates dropped — often after ~12 months of on-time payments.
How much can refinancing save?
Even a few APR points can save hundreds to thousands over the loan.
What do I need to refinance?
Proof of income, your current loan details, and a car with value versus the balance.
Related guides
More: Home · Inventory · Car deals by city · Car answers · Refer & earn $250–$1,000