Auto Loan Refinance Calculator

Compare your current car loan with a refinance offer.

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Amounts in dollars.
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Total savings
Current payment
New payment
Interest: current vs new
Fees paid back in
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Saved Calculations

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How Auto Refinancing Saves Money

Savings = remaining interest on the current loan − interest on the new loan − fees

Keeping the same number of months left isolates the rate savings; stretching the term lowers the payment but can cost more overall.

Worked Example

Tips

Check for prepayment penalties on the current loan and title transfer fees. Lenders often won’t refinance older, high-mileage cars or loans with little balance left.