How to Refinance a Car Loan

signing paper

If it’s been a while since you took out your auto loan and your credit has improved, it might be time to look into how to refinance your car loan for lower monthly payments. Our Finance Department has helped many of our Corpus Christi customers to do just that. But how do you refinance a car loan? Let’s discuss the best way to refinance an auto loan and what to know when refinancing your car below!

How Do You Refinance a Car Loan?

So, how do you refinance a car loan, exactly? The best way to refinance an auto loan is to get informed first, so that you are armed with knowledge about your own credit score and how loans work.

Here’s How to Refinance a Car Loan

  • Pull your credit report. When it comes to what to know when refinancing your car, this is critical. So, check your report and fix any issues that are impacting your credit.
  • Figure out what your monthly payment should be. Our car payment calculator can help with that.
  • Get pre-approved. We can help with that as well.
  • Shop around for the best rate. Applying to only one lender is not the best way to refinance an auto loan. Fortunately, most dealerships work with multiple lenders. So, talk to our finance department before you approach every lender in Kingsville.

What to Know When Refinancing Your Car

Any guide on how to refinance a car loan has to talk about the downsides of refinancing. The best way to refinance an auto loan is to know what to expect before you apply.

Helpful Tips for Refinancing Your Car

  • You will probably only get a better rate if your credit score has improved.
  • Your old lender may charge a prepayment penalty.
  • Your new lender will likely charge fees on your new loan.
  • Some states will require you to re-register or transfer the title of your car (more costs).
  • You may not save money or qualify for a new loan if your car is older than eight years old, has over 100,000 miles on it, or you now owe more than the car is worth.

Contact Our Finance Department Today!

Our finance staff would be happy to talk to you about the best way to finance your auto loan. You can even apply for financing online. Feel free to come in and check out our new vehicle specials. We’re conveniently located near Port Lavaca. So, stop by or contact us today!


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877 HWY 35 Bypass • Aransas Pass, TX 78336

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Allen Samuels CDJR Aransas Pass 27.910508, -97.1527932.