Fill in your information to see if you pre-qualify with no impact to your credit score.
Choose an offer that best fits your financial goals and submit an application for approval.
Sign your loan agreement and provide needed information.
If you’re ready to refinance, there are a couple of things to keep in mind before you apply.
You can only refinance your vehicle with Ally if your current financing is through another lender, and if your vehicle isn’t financed in Nevada, Vermont, or the District of Columbia. If you’re looking to explore payment assistance, you can log in to your Ally Auto account, or call us at 1-888-925-2559.
See if you'd save by refinancing.
See personalized APR and monthly payment options online in minutes if you pre-qualify — with no SSN and no credit score impact.
Average total interest savings of $2,526
Average monthly payment savings of $129
74% of customers save on both monthly payments and interest
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.
We offer additional coverage options you can easily add during the process.
Help protect your finances against a total loss event with GAP.
Financing for Guaranteed Asset Protection (GAP) is available to eligible loan customers.
It typically takes a few days. It can take longer depending on how quickly we can get all the information we need and how long it takes to verify your payoff quote.
We can refinance your vehicle if:
You’re at least 18 years or older—unless you live in Alabama, then it’s 19
You’re a U.S. citizen, resident alien, or non-resident alien who currently lives in the U.S.
If you’re eligible to apply, we’ll check your income, expenses, debt, financing amount, credit profile, and the value of the vehicle you want to refinance to see if you qualify.
Nope. There’s no application fee. Your state might charge fees for title, registration, and taxes, but we’ll help you sort any fees out during the financing process.
You might. The best way to find out is by getting prequalified. Don’t worry, applying for prequalification doesn’t impact your credit score.
You’ll need to gather the following information to fill out your prequalification application:
Rent or mortgage payment amount
Length of time living at residence
Date of birth
Vehicle identification number (VIN) or plate number
Current financing payoff amount
If you want to add a co-borrower, you’ll need their full name, address, phone number, date of birth, email address, and monthly income.
Pro tip—If you want to shop around for financing, make sure all your ‘hard credit inquiries’ happen within 14-days. There are exceptions, and this is up to the credit reporting agency’s discretion, but credit bureaus typically count those as a single inquiry (if they all happen during that 14-day timeframe).
We’ll need the information you entered to get prequalified, plus:
Your Social Security number (SSN)
Employment details and history
Vehicle Identification Number (VIN) or plate number of the vehicle you want to refinance
Your vehicle’s year, make, model, and mileage
We do what’s called a ‘soft credit pull’ for prequalification. That lets us take a quick look at your credit profile without impacting your score.
We’ll wait to do a ‘hard credit pull’ once you decide to officially apply for credit. This lets us see all the information we need to approve you for financing. This might affect your credit score because the inquiry becomes part of your credit profile.
Yes, we can add or remove a co-applicant during the financing process.
Yes, you need to make at least $2,000 a month to qualify for financing.
We offer terms ranging from 36 to 75 months. You can get prequalified to see what terms you’re eligible for.
The best way to find out if we can refinance your vehicle is to get prequalified. We can refinance almost any vehicle, unless it:
Is going to be used primarily for business or commercial purposes (delivery or rideshare services, taxi, police, etc.)
Has a branded title (salvage, flood, fire, etc.)
Has unrepaired collision or comprehensive damage
Has more than one lien
Was financed less than seven months ago
We decided to freshen things up a bit with a new name and improved experience. You can still get approved for vehicle financing online, just like before, but we’ve dropped ‘Clearlane’ from our name.
We can refinance your vehicle if your current financing is with another lender everywhere except Nevada, Vermont, and the District of Columbia.