Get Lowest Auto Loan Refinance Rate Quotes Today
Real-World Examples and Statistics
According to a study by Experian, the average interest rate for a used car loan was 9.65% in 20231. By refinancing, borrowers have reported saving an average of $1,000 annually on interest payments2. These statistics highlight the tangible benefits of refinancing, especially for those with improved credit scores or those who initially financed their vehicles at higher rates.