How Soon Can You Refinance a Car After Purchase?

How Soon Can You Refinance a Car After Purchase

After you buy a vehicle, interest rates or your financial situation may change and you may want to know how soon you can refinance your car. In theory, you can refinance right away.

Refinancing means receiving a new loan to pay off the old one. You can get a different rate, set of terms and monthly payment with a new loan. You may decide to refinance to save money, enjoy more affordable monthly payments or repay your car loan faster.

When Is It Smart to Refinance Your Car Loan Early?

Knowing when you can refinance a car loan to experience the most benefits is critical. In general, you should seek new financing if:

  • Your credit score is better: If your credit score has improved since you were approved for financing, you may be able to get a better rate and save on interest.
  • You have a different financial situation: If your car payments are no longer affordable, a new loan can lower monthly payments and extend the repayment period.
  • You’d like a better deal: If you didn’t shop around for a good car loan, you might be paying more than necessary. Refinancing can help you get better rates.
  • You’re interested in a rebate and a good rate: Some dealerships offer a cash rebate or a 0% annual percentage rate (APR) when you trade in your old car. You can enjoy both by taking the cash and then refinancing a few weeks later to enjoy a lower APR.

Are There Any Drawbacks of Refinancing a Car Loan Early?

Understanding how soon you can refinance a car loan after purchase to receive the most benefits is critical, as there are sometimes drawbacks. These include:

  • Paying penalties: Some loans have extra fees or prepayment penalties if you refinance. Check your paperwork to see if this applies to you.
  • Having trouble getting a better rate: In some cases, it’s difficult to get a better rate soon after you finance your car. Enough time may not have passed to boost your credit score or you may owe more than the car is worth, which can make qualifying for a loan harder. In addition, getting financing in the first place can cause a slight drop in your credit score for six months, so sometimes waiting to refinance makes sense.

Contact RefiJet to Know How to Refinance Your Car Loan Early

If you need to refinance fast and don’t want to wait, there’s an easier way to find out whether you’re eligible for a new car loan. RefiJet simplifies changing your loan terms and getting the financing you deserve. To find out whether you qualify and when you can refinance your car, fill out our simple online form.

Contact RefiJet

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