When should you refinance your car loan? And when to wait
Time your car loan refinance right to receive the maximum benefits.
8 min read
Nov 27, 2024
Rebecca Betterton
Writer, Auto Loans and Personal Loans
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3Years of experience
EXPERTISE
- Auto Loans
- Personal loans
- Personal finance
- Budgeting
EDUCATION
- Certified Financial Education Instructor℠, National Financial Educators Council
- Bachelor of Arts in Strategic Communications, Elon University
About the author
Rebecca Betterton, a Certified Financial Education Instructor℠, is a writer for Bankrate who has been reporting on auto loans since 2021. Through her writing, Rebecca aims to provide clarity and accessibility to the automotive loans industry as the cost of financing new and used vehicles continues to climb due to steep inflation.
She specializes in assisting readers in navigating the ins and outs of securely borrowing money to purchase a car, but recently widened her scope to cover personal loans and other debt topics. Prior to her time at Bankrate, she was a social media reporter and copywriter.
When Rebecca isn’t researching recent trends in personal finance, she is an avid runner and a lover of interior design.
Rebecca beyond Bankrate
Rebecca wants you to know
Rebecca understands the anxiety that comes with heading to a dealership. She is passionate about empowering readers to make informed financial decisions in the showroom through focused advice and guidance. Outside of that, she has spent the last year researching EV financing and trends to make it more accessible for all sorts of drivers.
Rebecca's latest articles
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6 common car loan mistakes that cost you money
Avoid these car financing mistakes that can take money out of your pocket.
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How to lease a car with bad credit
Having bad credit can make it hard to lease a car. Here’s what to do.
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First-time car buyer programs: What they are and how to apply
First-time car buyer programs often have more flexible requirements.
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TikTok made me buy it now (and pay later)
How cutting down on social media consumption can help your finances.
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How to get preapproved for a car loan
Learn how to get preapproved for a car loan.
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Average car payments in 2024: What to expect
Use average car payment data to inform your budgeting.
6 min read Nov 22, 2024
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Personify vs. OneMain Financial: Which offers better personal loans?
Personify and OneMain Financial offer personal loans for bad credit with small loan amounts and a wide range of terms. Each sets similar minimum personal loan rates starting in the double digits, but Personify’s [...]
4 min read Jul 15, 2024 -
Requirements for refinancing a car loan
Don’t settle for a poor interest rate — learn what you need to refinance.
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Struggling with buy now, pay later? You’re not alone.
BNPL can lead to overspending. Here’s what to do if you’re having issues paying.
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How to sell your used car in 8 steps
If selling your car rather than trading it will net more money, follow these steps.
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What is a vehicle service contract and how does it work?
You may not need one if your car comes with a manufacturer’s warranty.
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How to get your car title after loan payoff
The process of getting your car title depends on your state of residence.
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Gravity vs. iLending: Which offers better auto loans?
Gravity and iLending offer personalized customer service and loan comparison.
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M&T Bank vs. USAA: Which offers better auto loans?
M&T Bank is best for small loans, but USAA car loan rates are more attractive.
4 min read Jun 13, 2024