Best Auto Loan Refinancing Lenders of July 2025
Refinancing an auto loan could lower your rate and monthly payment, saving you hundreds of dollars a year.
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Want to refinance your auto loan? See if you pre-qualify.
Refinancing your car loan is fast and easy — and can put more money in your pocket. You may be able to reduce your monthly payment and boost your total savings on interest over the life of the loan.
You generally need a history of six to 12 months of on-time payments to make refinancing worthwhile and possible. The new rate you’ll qualify for depends on multiple factors, including your credit history and credit scores.
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- 45+ auto loan products reviewed and rated by our team of experts.
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Why trust NerdWallet
- 45+ auto loan products reviewed and rated by our team of experts.
- 30+ years of combined experience covering financial topics.
- Objective, comprehensive star rating system assessing 4 categories and 60+ data points across direct lenders and aggregators.
- Governed by NerdWallet's strict guidelines for editorial integrity.
Best Auto Loan Refinancing Lenders From Our Partners
Lender | NerdWallet Rating | Est. APR | Loan amount | Min. credit score | Learn more |
|---|---|---|---|---|---|
3.5 /5 | 4.67-21.00% | $8,000-$150,000 | 580 | See Offers on Tresl's website |
Our pick for
Comparing offers from multiple lenders
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Tresl - Refinance loan
4.67-21.00%
$8,000-$150,000
580
below section
Last updated on August 1, 2023
Frequently asked questions
Most auto loans carry no prepayment penalty, and refinancing has no origination fees. So, basically, the only investment is your time.
Since the car is the collateral, it has to be worth enough to secure the loan for the lender. This is called the “loan-to-value” ratio. Assuming you have good credit, you may be able to refinance an amount greater than your car is worth.
Generally the new loan amount will be the balance left on your current loan. However, some lenders allow you to take cash out when you refinance, especially if your credit is good.
NerdWallet's Best Auto Loan Refinancing Lenders of July 2025
- Tresl - Refinance loan: Best for Comparing offers from multiple lenders
