You can refinance your car with the same lender but there are a few things to consider before doing so. First your interest rate may be higher than if you went to a new lender. Second the terms of your new loan may be different so be sure to ask about things like the length of the loan the monthly payment and any fees associated with the loan. Finally be sure to shop around and compare rates from different lenders before making a decision.
Can you refinance your car with the same lender?
In most cases you can refinance your car with the same lender.
Is it worth refinancing your car?
It depends on your current interest rate and the new interest rate you qualify for.
If you can get a lower interest rate it may be worth refinancing your car.
How do I know if I should refinance my car?
A good rule of thumb is to refinance your car if you can get a lower interest rate that is at least 2% lower than your current interest rate.
What are the benefits of refinancing my car?
The benefits of refinancing your car include lowering your monthly payments and saving money on interest over the life of your loan.
What are the risks of refinancing my car?
The risks of refinancing your car include extending the length of your loan which means you will end up paying more interest over the life of the loan.
How much can I save by refinancing my car?
How much you save by refinancing your car depends on your current interest rate the new interest rate you qualify for and the length of your loan.
How do I refinance my car?
You can refinance your car by applying for a new loan through a lender.
What do I need to do to refinance my car?
To refinance your car you will need to fill out an application with a lender and provide them with information about your current loan.
How long does it take to refinance my car?
The process of refinancing your car can take a few days to a few weeks.
What is the process of refinancing my car?
The process of refinancing your car includes applying for a new loan getting approved for the loan and using the new loan to pay off your current loan.
Do I need to have good credit to refinance my car?
Yes you will need to have good credit to qualify for a new loan with a lower interest rate.
Can I refinance my car if I have bad credit?
You may be able to refinance your car if you have bad credit but you will likely have a higher interest rate.
How often can I refinance my car?
You can typically refinance your car every few years.
What are the requirements to refinance my car?
The requirements to refinance your car include having good credit and being current on your car loan.
Is there a downside to refinancing my car?
The downside to refinancing your car is that you may end up paying more interest over the life of your loan if you extend the length of the loan.
