Refinancing an auto loan is essentially getting a new loan with new terms. A lower interest rate or longer term can potentially lower your monthly payment, though you may pay more overall. Enter the terms of your current loan and the terms of a potential refinanced loan to compare a monthly payment as well as overall costs.

Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy, their applicability to your circumstances or guarantee of credit. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.