What you should know.
Savings info listed above is based on January 2022 – December 2022 customers who refinanced, relative to existing auto loans, excluding monthly costs for optional vehicle coverage. If you decide to refinance, you may be able to lower your monthly payment or reduce your APR. If you choose a loan term that is longer than the term remaining on your existing auto financing, you will pay interest over a longer period of time. As a result, the overall cost of your loan could be higher. Consider this when determining if refinancing is right for you.