Auto Refinance Calculator
Calculate your potential savings when refinancing your auto loan. Compare your current loan terms with new refinance options to see how much you could save on interest and monthly payments.
Current Loan Details
Refinance Savings Summary
Total Savings: $0
Monthly Payment Savings: $0
Interest Savings: $0
| Loan Details | Current Loan | Refinanced Loan |
|---|---|---|
| Loan Amount | $0 | $0 |
| Interest Rate | 0% | 0% |
| Term | 0 months | 0 months |
| Monthly Payment | $0 | $0 |
| Total Interest | $0 | $0 |
| Total Cost | $0 | $0 |
| Savings | $0 | |
About Auto Refinance Calculator
An auto refinance calculator helps you determine if refinancing your car loan could save you money. By comparing your current loan terms with potential new terms, you can see how much you might save on interest and monthly payments.
How Auto Refinancing Works
Auto refinancing involves replacing your current car loan with a new loan, typically with better terms. This can result in:
- Lower interest rates
- Lower monthly payments
- Reduced total interest costs
- Different loan term lengths
When to Consider Refinancing
You might benefit from auto refinancing if:
- Your credit score has improved since you got your original loan
- Interest rates have dropped
- You want to change your loan term
- You're struggling with high monthly payments
Factors to Consider
Before refinancing, consider:
- Refinancing fees and costs
- Prepayment penalties on your current loan
- The remaining term of your current loan
- The age and mileage of your vehicle (some lenders have restrictions)