Auto Refinance Calculator

Refinancing means replacing your current loan with a new one—ideally with a better interest rate, a shorter term or lower monthly payments. Try our free calculator to see if refinancing your auto loan could save you money.

What you’ll need to calculate your refinance savings:

• Your current monthly payment

• Your loan’s interest rate (APR)

• Total amount you still owe

• Date your loan started (or remaining loan term)

This calculator shows your estimated base payment. Optional payment protection coverage or other add-ons are not included in the estimate and may increase your final monthly payment.

• Interest rates have dropped: If rates are lower now than when you got your loan, you might be able to get a better deal.

• Your credit score has improved: A stronger credit score could help you qualify for a lower rate than before.

• You want a lower monthly payment: Stretching out your loan term could give you more room in your immediate budget (though you might pay more interest in the long run).

• You want to pay off your loan faster: Shortening your term could save you money on interest and get your loan paid off sooner.

Even a small drop in your interest rate could make a difference. Use this calculator to see how your current loan compares to new options.

Still have questions? We’re here to help! Call our Consumer Loans team at 800-373-7600, ext. 306, and we’ll walk through your options with you.