Auto Refinance Calculator
See if refinancing your car loan makes sense. Calculate your new monthly payment, total interest savings, and how long it takes to break even on refinance fees.
Refinance Break-Even Calculator
Your Refinance Results
Frequently Asked Questions
When does it make sense to refinance a car loan?
Refinancing makes sense when: (1) your credit score has improved by 50+ points since you took the loan, (2) market interest rates have dropped by 1–2% or more, (3) you want to lower your monthly payment, or (4) you want to remove a co-signer. A break-even point under 12 months is ideal.
Will refinancing hurt my credit score?
Refinancing causes a small, temporary dip in your credit score due to the hard inquiry (5–10 points, recovers in 3–6 months). The bigger risk is extending your loan term — if you repeatedly refinance to longer terms, you may end up paying more total interest.
How much does it cost to refinance a car?
Many lenders offer $0-fee refinancing. Those that charge typically cost $50–$500 for title transfer and origination fees. Always calculate your break-even point to see if the savings are worth the cost.