How to Refinance a Car Loan

a car owner refinancing a car loan
 

If you’re like most Lemon Grove drivers, then you’re probably always looking for ways to reduce your monthly payments or interest rates on your car loan. Choosing to refinance your car loan can be a great option to lowering your monthly payments. How do you refinance a car loan? Learn how to refinance a car loan the smart and efficient way with the finance center at San Diego Chrysler Dodge Jeep Ram. Let’s help you get those monthly rates down!

 

 

What to Know When Refinancing

Before we talk about how to refinance a car, there are a few things that El Cajon drivers should know before they go about getting refinancing. To help you get the best rates possible, here is what to know when refinancing your car: 

  • Check with your lender to see if there are penalty fees for paying off a loan early. 
  • It can be more difficult to get approved for refinancing if you still owe more on your vehicle than what the vehicle is currently worth.
  • Older vehicles have undergone a significant amount of depreciation, and many lenders may not want to finance an older vehicle. 

What’s the best thing to know when refinancing your car? Choose the plan that works for your circumstances. 

Best Ways to Refinance an Auto Loan

So, how do you refinance a car loan? To help you go about refinancing in the most efficient way, here are some of the best ways to refinance an auto loan: 

  • Know Your Payments: Check with your lender or review your monthly statements to see what you’re currently paying. 
  • Know Your Credit: The higher your credit score is, the better chance you have of getting approved for refinancing. If you have paid your bills on time, then there’s a good chance that your credit score has improved. 
  • Apply: Apply to multiple lenders to get the best deal. To avoid a negative impact on your credit score, apply within a 14-day window. 
  • Compare Offers: Compare the offers you get from different La Jolla lenders to see which is the best deal. Once you have the best offer, you can use our payment calculator at San Diego Chrysler Dodge Jeep Ram to get an estimate on what you’ll pay. 
  • Choose a Loan Term: A longer loan term will mean lower payments with higher interest. A shorter loan term will mean higher payments with lower interest. 

Apply for financing at San Diego Chrysler Dodge Jeep Ram and discuss a payment plan that works for you with our finance team. 

Finance Your Vehicle with San Diego Chrysler Dodge Jeep Ram

Now that you know how to refinance a car loan, all you have to do is visit San Diego Chrysler Dodge Jeep Ram and see what your options are. Contact us at San Diego Chrysler Dodge Jeep Ram in San Diego to see how you can lower your monthly payments with refinancing. 

 

More from San Diego Chrysler Dodge Jeep Ram

  • 2021 Jeep Gladiator Towing Capacity

        How much can the Jeep Gladiator tow? When maxed out, the 2021 Jeep Gladiator towing capacity can reach an impressive 7,650 pounds, allowing you to haul whatever you need across the Lemon Grove roads with confidence. What else can the Jeep Gladiator do? Take a look at what you can expect from this midsize…

  • 2021 RAM 1500 Trim Levels

    Lemon Grove drivers who do a lot of heavy-duty hauling and driving appreciate the power and durability of the RAM 1500. One thing many drivers have also come to appreciate about the RAM 1500 is the amount of trims from which they have to choose. Compare the different RAM 1500 trim levels with San Diego Chrysler Dodge Jeep Ram to see…

  • What Are the 2021 Jeep Gladiator Colors?

      The Jeep Gladiator is an adventure-ready SUV known for its immense capabilities and striking design, and with so many options available, it’s easy to customize your Gladiator to suit your style. For 2021, Lemon Grove drivers can choose between ten different Jeep Gladiator color options in a wide range of hues. So, whether you’re leaning…

Saved Vehicles

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact Us

619-450-2459

Call Now

777 Camino Del Rio South • San Diego, CA 92108-3513

Get Directions

Today's Hours:

Open Today! Sales: 9am-7:30pm

Open Today! Service: 8am-4pm

San Diego Chrysler Dodge Jeep Ram 32.763566, -117.157350.