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How to refinance your car loan and save in 6 simple steps
Here’s how to refinance a car loan and save.
The better you understand how loans work and how lenders think, the better equipped you are to save on your loan.
— Pippin Wilbers
About the author
Pippin Wilbers is a Bankrate editor. He joined the personal loans team in 2024, though he's also contributed work on the auto loans, credit cards, student loans and small business loan verticals. Pippin is passionate about demystifying complex topics, such as car financing or finding the best personal loan, and helping borrowers stay up-to-date in a changing and challenging borrower environment.
Pippin stays on top of industry news sources, such as TransUnion and Experian. Working with reporters Hanneh Bareham and Denny Ceizyk, he analyzes industry data and trends and asks: "What does this mean for borrowers?"
Pippin lives in Denver. Before joining Bankrate, he brought vital news to his community as a small-town newspaper reporter. In his spare time, he enjoys foraging for mushrooms, reading, and dabbling in amateur entomology.
The better you understand how loans work and how lenders think, the better equipped you are to save on your loan.
— Pippin Wilbers
Here’s how to refinance a car loan and save.
You may be able to save hundreds by working with a direct auto lender.
Rates are likely better than a personal loan — but it puts your car at risk.
Refinancing a car in someone else’s name is a complicated process.
Some car add-ons are valuable, but these dealer options aren’t.
Consider the pros and cons of financing a car.
It’s possible to buy a car without a license, regulations vary by state.
It can’t hurt to dispute the car’s purchase. Here’s what to do.