Auto Refinance Calculator

Enter your information in the auto refinance calculator below to see how much money you could be saving on your auto loan payment per month!



Your Estimated New Monthly Payment:

$ 465.13

Your monthly savings could be as high as $ 134.87 !

That's a total savings on your interest of $ 6,473.78.

***This calculator is a tool for estimating the monthly loan payment at different sample interest rates. The interest rate you input is not a promise or indicator of the actual interest rate for which you may qualify when applying for a refinance loan with RefiJet.

Are you considering refinancing your car in the near future but aren’t sure where to begin? An auto loan refinance calculator is the best place to start.

At RefiJet, we make it easy to enter your information and see your financial possibilities in just a few minutes. Utilize our loan calculator to discover how much you could be saving on your car payments. By ensuring you have the best loan terms and interest rates possible, you can set yourself up with the most cost-effective plan possible.

Use the Auto Loan Refinance Calculator to Figure out Your Potential Savings

  • If you have an auto loan on your carmotorcycletruck or SUV, refinancing could help you save money on monthly vehicle payments or overall costs, depending on the loan structure.
  • If your financial situation has improved or loan interest rates have dropped since you took out your loan, refinancing could help put those extra dollars back in your pocket where they belong.

What Is Auto Refinancing and How Does It Work?

Auto refinancing refers to taking out a new car loan to replace an existing one. The primary reasons for doing so include:

  • Reducing interest rates
  • Lowering monthly payments
  • Paying off debt more quickly

The process involves applying for a new vehicle loan. A few different factors, like an individual’s credit score and payment history, will determine their eligibility. If the lender grants this new loan, you will receive a new term and can use the loan to pay off your current car loan debts.

When Should You Refinance an Auto Loan?

Refinancing your car loan may be a good choice if any of the following applies to you:

  • Qualify for more competitive rates: Getting a new loan may be beneficial if a lender approves you for lower rates than your existing one.
  • Improved your credit score: If you’ve made improvements to your credit score since obtaining your current loan, you will likely be able to receive a lower monthly rate.

Before refinancing, there are some important considerations you should make. In some cases, people who have previously refinanced their auto loans will not qualify for better terms or rates. Your vehicle’s age and mileage may also hinder lender approvals.

What Factors Affect Refinancing Your Car?

When you are thinking about refinancing your auto loan, you probably want to know the odds your lender will agree. The following factors will impact your chances for approval:

  • Credit score: Your credit score is highly important. It determines what interest rates you qualify for and if you are a desirable candidate for refinancing.
  • Debt-to-income (DTI) ratio: Your DTI shows your monthly payment obligations vs. your gross income. The lower your debt-to-income ratio is, the less risky you seem to lenders.
  • Pre-tax income: Lenders will explore your pre-tax income to ensure you can easily afford your monthly payments. Refinancing is often beneficial for people who experience an increase in earnings.
  • Vehicle value: Your car’s value is a major factor that influences the refinancing process. Lenders do not want to lend more money than the vehicle’s worth, so they will take a look at every detail from model to mileage.

Other Considerations for Refinancing Your Car Loan

Before choosing a lender, be sure to shop around. You may not have received the best offer with your existing loan. Comparing different rates and plans will help you discover the most beneficial refinancing option.

If you are looking for help finding the best auto loan, turn to a professional. At RefiJet, we make the refinancing process simple with these easy steps:

  1. Consult with one of our auto refinancing experts.
  2. Get pre-qualified.
  3. Choose a loan that suits you and submit it to the lender.

Auto Refinance FAQ

Explore some of the most commonly asked questions regarding refinancing an auto loan to determine if it is the right choice for you.

Is Refinancing a Car Worth It?

Yes. If you can refinance to a better interest rate while maintaining the same term or getting a shorter one, you can pay less overall.

Does Refinancing a Car Hurt Your Credit?

When you refinance a vehicle, your credit score will likely take a small hit. However, this lower score is often temporary, and getting a new loan is usually worth it in the long run.

Is It Better to Refinance a Car or Pay It off Early?

By paying off your loan before the end of its term, you will likely spend less on interest because you are shortening the time frame for your lender to collect it.

If your lender charges fees for early payment, refinancing may be more beneficial for you and your wallet. To determine the right option, you will need to make a few calculations.

Will Auto Refinance Save You Money?

When you refinance your auto loan, you can extend your loan term and reduce your monthly payments. By lowering this bill, you can free up some cash for your other financial obligations each month.

However, you could end up paying more in interest rates over time if you do not reduce your interest rate and either keep or shorten your term. By extending the length of your payment plan, you will likely end up paying more in interest than you would if you remained with your existing loan.

How Long Should You Keep a Car Before You Refinance?

After you buy your car, the period you’ll need to wait to refinance will depend on the specific lender. Typically, you’ll need to hold off between 60 and 90 days after your purchase.

If you have had any credit problems in the past, it is best to wait at least a year before refinancing to give your credit score a chance to recover from taking out the initial loan.

Will You Get Penalized for Refinancing a Car?

As long as your current auto loan does not include a prepayment penalty clause, you can likely pay it off early without any problems or penalties.

Check out your existing contract. Some lenders will charge fees for paying your loan off before the end of your term. To decide if refinancing is the right decision and will save you money, compare prepayment fees with the savings you would receive from refinancing.

Is Refinancing a Vehicle Hard?

Luckily, the process of refinancing a vehicle is straightforward and easier than refinancing a mortgage. You need only a few documents, including:

  • Your driver’s license
  • Proof of income
  • Proof of insurance
  • Proof of residence
  • Your registration
  • Your current lender’s information

Why You Should Refinance Your Auto Loan With RefiJet

If you are looking to refinance, consider the benefits of working with RefiJet. When you refinance your car loan using us, you can:

  • Save money on monthly vehicle payments.
  • Enjoy other advantageous loan terms.
  • Prequalify without affecting your credit score.
  • Remove or add a co-borrower to your loan.
  • Apply an extended service contract to protect your car.
  • Enjoy less risk with our guaranteed asset protection.

The helpful folks at RefiJet can tell you whether you are paying more than you need to every month and how much you might be able to save. We will help you lower your auto loan interest rate and make the process as hassle-free as possible.

Refinance Your Auto Loan With RefiJet Today

At RefiJet, we make the process of refinancing your auto loan easy and hassle-free. Simply enter your information into the car refinance calculator, and you can find out how refinancing with a lower rate might affect your monthly payments.

Our vehicle refinance calculator is fast, easy to use and gives you the information you need to decide whether you should investigate refinancing your loan. If you like what you see, then contacting RefiJet for a quote is a great next step!

Are you ready to refinance your car? Contact RefiJet to get started today!


Important Disclosures and Requirements

Federal ESIGN Disclosure and Consent 

 Electronic Consent:  Consent to Receive Information Electronically 

The Electronic Signatures in Global and National Commerce Act requires users of this Site who submit a Contact Form (“you” or “your”) consent to receive certain disclosures electronically. Please read this disclosure and consent carefully and retain a copy of this document for your records. 


Some communications with and disclosures by Yield Solutions Group, LLC dba (“” or “us” or “we”) on its behalf and on behalf of participating banks, finance companies, and credit unions (hereinafter called “Lenders”) are conducted electronically. In order to access, receive and retain required notices and your documents, including, any notices and disclosures required by state or federal law, such as our Privacy Noticeloan documents and disclosures that we provide to you on behalf of any Lenderand any other transaction notices and information from us (collectively, “Documents”) electronically, you must satisfy the minimum system requirements outlined below. However, if you wish to obtain a paper copy of any Documents that RefiJet provides you in connection with your credit inquiry and any subsequent application to our Lenders, you may contact Yield Solutions Group, LLC (dba in writing at 5775 DTC Blvd Suite 400, Greenwood Village, CO 80111 or by email at We currently do not charge a fee to send you a paper copy of any electronic Document, but reserve our ability to do so. Be sure to state which of the Documents you are requesting. reserves the right, in its sole discretion, to stop providing Documents electronically. RefiJet may also send Documents to you in paper form because we are legally required to do so or because we determine in our sole discretion that you should receive the Documents in paper rather than electronic form. will provide you with notice of any such termination as required by applicable law. If chooses to stop providing Documents electronically, will send any future Documents to you in paper form. Certain disclosures, however, will be made to you verbally if permitted by applicable law (the “Verbal Disclosures”).   


You must consent to receive Documents electronically in order to complete the credit inquiry process with and any subsequent loan process with one of our participating Lenders. Your consent will apply to Documents as defined above. You may withdraw your consent for receiving electronic Documents by notifying us in any of the ways described above. Since is structured to process all or part of your credit inquiry and any subsequent loan  electronically, not consenting, or withdrawing your consent to receive electronic Documents may result in the termination of the credit inquiry and/or loan process. Your withdrawal of this consent is effective only after we have had a reasonable period of time to act upon your withdrawal. Even if you consent, note that the Verbal Disclosures will be made to you telephonically. 

If you wish to withdraw your consent to do business electronically with our participating Lenders, you may do so at no cost to you by contacting the Lender at the mailing address, email address or telephone number they provide to you separately for such purpose.  


In order to use this service, you must consent to receive Documents electronically and you agree that these electronic disclosures will be sufficient as a “writing” under applicable law.  


In order to receive, access and retain electronic Documents, you will need the following hardware and software: 

  • a computer, mobile device, tablet or similar device with an internet connection; 
  • a current web browser that supports HTTPS connectivity;  
  • a current version of a software program that can open and display PDF files (such as an Adobe Acrobat reader); 
  • a valid email address with email software to communicate with us electronically; and 
  • an installed printer or sufficient storage space to save, store, print or otherwise retain electronic Documents. 

 These disclosures and the Documents are both provided to you in PDF; therefore, your access to this page from your own system/device verifies that your system/device has the necessary software to permit you to receive and access PDF files. 

If the system requirements for accessing the copy of your Documents on the secure webpage change so as to require different or additional hardware or software, or upgrades, plug-ins or enhancements to the hardware or software used by you (all such changes referred to as a “Systems Enhancement”), we will notify you and you may either withdraw your consent or upgrade your hardware and/or software as required by the Systems Enhancement.  

This consent is valid until revoked by either party. 

It is important that you keep your email address current with us.  Please notify us at 1.800.260.5355 if your contact information changes at any point in the refinance process.  We may treat your failure to provide us with a valid email address, or the malfunction of the email address we have for you, as a withdrawal of your consent to receive Documents electronically. 

System Requirements to Retain Information 

If you have a valid email address, a copy of the loan Documents will be provided to you upon execution in the form of an email link to a secure portal that will contaithe PDF loan documentsYou will log into the secure portal using your access credentials. The PDF document will be available to you in the secure portal for thirty (30) days. To retain a copy of the Documents, you may choose to print them, save them or both. In order to print them, you must have a functioning printer connected to your personal computing device.  If you wish to retain an electronic version of the Documents, you must have a personal computing device with the hardware and software necessary to download and store PDF files. 

By clicking to accept, you: 

  • acknowledge your receipt and review of the foregoing Federal ESIGN Disclosure and Consent; 
  • give your affirmative consent to our providing electronic Documents to you as described above; and 
  • confirm that your computer or access device satisfies the hardware and software requirements needed to access and retain the Documents that will be provided to you in electronic form, including through use of a valid email address to access a link to secure portal to access the Documents. 

If you do not click to accept you are not consenting to our providing electronic Documents to you as described above, and you are terminating your transaction with us