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Writer's pictureJeff Guymon

How do I refinance my car?

Updated: Aug 8, 2020

We’ll walk you through how to refinance your car.



Question 1: Is refinancing an option for me?


Refinancing is typically an option IF you have:

  • Made all your payments on time

  • Paid your car for at least 6 months

  • And if your car’s value is not too far off from the loan balance


Question 2: How do I refinance?


Refinancing is as easy as submitting a few details on WithClutch.com, then finding the best lender for you. WithClutch.com aggregates the best lenders to refinance your car loan.


Question 3: How does this end up saving money?


You’ll save money on your payment because you:


  • Can extend the term of the current balance (so you’re paying the same amount off over a longer time)

  • Have improved your credit (so you’re entitled to a lower interest rate)

  • Since the dealership likely charged more interest to make a larger profit (therefore lowering your interest rate)


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.

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