Refinance your car loan
Paying more than you'd like on your current car loan? We compare a panel of 30+ lenders to see whether refinancing could lower your rate or repayments, free, obligation free, and no impact on your credit score to get started.
Your old loan might not be your best loan
A lot can change after you sign a car loan, rates move, your income grows, your credit history improves. Refinancing simply means replacing your current loan with a new one that suits you better today. It could mean a lower rate, smaller repayments, a different term, or consolidating other debts into a single, simpler payment. We do the comparison and show you whether it's worth it, no pressure either way.
Potential reasons to refinance
Potentially lower your rate
If rates have shifted or your circumstances have improved, a new loan may carry a more competitive rate. Actual rates depend on the lender and your situation.
Reduce your repayments
A lower rate or a longer term can ease the monthly squeeze and free up cash flow. We'll show you the trade off between repayment size and total cost.
Change your term
Want to pay your car off faster, or stretch repayments to suit your budget? Refinancing lets you reset the term to something that fits your life now.
Consolidate debts
Rolling other commitments into one car loan can simplify your finances into a single, predictable payment, where it makes sense for your situation.
No credit score impact to start
Seeing whether refinancing stacks up doesn't touch your credit score. We only proceed to a formal application once you've decided to go ahead.
Honest advice, no pressure
If refinancing won't save you anything, we'll tell you straight. We only suggest a switch when the numbers genuinely work in your favour.
A few signs it might be time
If one or more of these ring true, it's worth a quick look. We'll run the comparison and tell you honestly whether you'd come out ahead.
- Rates have dropped since you took out the loan
- Your circumstances have changed, better income or improved credit
- You want lower repayments to ease your monthly budget
- You're partway through the term and unhappy with your current deal
Refinancing in four steps
Tell us about your loan
Share your current rate, balance and repayments, plus a few details about you. A quick form or phone call.
We compare the market
We check your details against our lender panel and work out whether a switch would genuinely save you money.
You see the numbers
We show you the new rate, repayments and total cost side by side, including any fees, so you can decide with clear eyes.
We sort the switch
If you go ahead, we handle the application and the payout of your old loan. You move to a better suited deal with minimal fuss.
Refinance questions, answered
Are there exit or early repayment fees on my current loan?
Will refinancing hurt my credit score?
How long does refinancing take?
Could you be paying less?
Let's find out. It's free, obligation free, and won't affect your credit score to get started.