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Car Refinance Calculator

Refinance Car Loan Calculator

One of the most important reasons to refinance your car, boat, or RV is to cut down your monthly payment. This is one of the few places where you can make room in your monthly budget for other things – groceries, luxuries, or just savings.

The other reason is to lower your interest rate. Oftentimes, a lower interest rate can lead to a lower monthly payment.

How much can you save? Use the calculator below to see.

Choose Your Goal Below!

Reduce Monthly Payment

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Car Loan
Savings Calculator

Start Saving Each Month & Take a Break from Payments for up to 90 Days!💰

Unlock your savings potential! Plug in your info to find out how much extra cash you could be stashing away each month!

per month Start Saving Today!

We may be able to help. Call 1-866-683-5505 or 720-443-4726 (Espanol)

It looks like you might be in good shape! We may still be able to help!

Call 1-866-683-5505 or 720-443-4726 (Espanol)

Disclaimer

The calculated monthly payment above is based on the APR, loan term, and loan amount you entered. Your payment may change if any of these terms vary. APR is the Annual Percentage Rate. Advertised rates depend on the individual’s credit and key financing characteristics, including but not limited to the amount financed, term, a loan-to-value (LTV) ratio of less than or equal to 80%, and other vehicle characteristics. A representative example of payment terms are as follows: an Amount Financed of $25,000 with an APR of 7.50% and a term of 72 months would have a monthly payment of $432.25. APRs shown are current as of June 1, 2020 and are inclusive of an automatic monthly payment via Automated Clearing House (ACH). Advertised rates are subject to change without notice.

Car Loan
Savings Calculator

Start Saving Each Month & Take a Break from Payments for up to 90 Days!💰

Unlock your savings potential! Plug in your info to find out how much extra cash you could be stashing away each month!

new interest rate Start Saving Today!

We may be able to help. Call 1-866-683-5505 or 720-443-4726 (Espanol)

It looks like you have a great rate already! If you’d like to talk, please call 1-866-683-5505 or 720-443-4726 (Espanol)

Disclaimer

The interest rate displayed is based on the FICO score you entered. Your interest rate may change based on any variance in FICO reported by Credit Bureau. Advertised rates depend on the individual’s credit and key financing characteristics, including but not limited to the amount financed, term, a loan-to-value (LTV) ratio of less than or equal to 80%, and other vehicle characteristics. Advertised rates are subject to change without notice.

What If I Don’t Get a Number?

Some combinations of loan terms and personal characteristics can’t easily be estimated with our loan calculator. Very large loans and very low credit, in particular, might require a more detailed approach to get an estimate. In these cases, it’s important to talk to a Loan Consultant to get an idea of how much you may be able to save.

What Determines Your Monthly Savings?

Monthly savings on car loan refinancing depends on the terms we can secure for your new loan. These terms depend on many factors. Some of the most common factors that influence your monthly savings include:

The amount of money you still owe on your loan is a major determiner of your monthly loan payment. The more money left on your loan, the larger your monthly payment. With more money left on your loan, any change in your interest rate can make a bigger contributor to lowering the total cost of your loan, and this may dramatically decrease your monthly payments.

How much you can save also depends on the interest rate on your current loan. The worse the terms of your current loan, the more you can potentially save by refinancing.

The longer your loan term, the more time you would be accumulating interest. This means that if there’s more time left on your loan, reducing your interest rate would lead to a greater reduction in your total cost and a greater reduction in your monthly payment.

Finally, your credit rating will impact your monthly payment. The better your credit rating, the lower the interest rate you can secure. This will reduce your monthly payment and the total cost of the loan more.