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Lower My Car Payments

There are a lot of consumers the have taken out auto loans and are now realizing that the monthly payment are just too high to continue with. This can happen to anyone and maybe there was something that came up causing the consumer to get behind on the payments. No matter the case they are asking the question, "Can I lower my car payment?" The answered to that question can be positioned into a couple of options for you.

Steps To Lowering Your Monthly Payment


You will want to start looking into dealerships - maybe the one that you have the first loan through - to see if they offer any type of auto loan refinancing. If for some reason they do not they should be able to point you in the direction of someone who can.

There are a couple of quick questions you can answer for yourself to see if auto loan refinancing will work for you.
  • Are you dissatisfied with some aspect of your financing arrangement?
  • Is your vehicle less than 5 years old, with less than 70,000 miles?
  • Are you currently paying installments on a vehicle?
  • Do you currently have two or more years until your vehicle is paid off?

If you've answered yes to at least half of these questions then auto loan refinancing may be right for you.

There are some situations that can make it harder to get a refinancing loan. For example, if you wanted to refinance a car after bankruptcy. It can be done, but before applying for a refinance loan the bankruptcy must be discharged and you must bring the discharge papers with you to the lender.

Online Auto Refinancing


So, if your goal is to lower your car payment then take a look at SmallerCarPayments.com. Here you will be able to take advantage of finding a local dealership in your area that handles refinancing auto loans. As an added bonus you can also have a chance to lower you current interest rates as well.

If you're still unsure if refinancing is right for you check out our calculators for the following situatuions: auto loan payment, auto loan payoff and a calculator for auto refinance.



"My monthly payment went down by almost a hundred dollars per month, and applying was so easy!"

Jennifer H.

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Still Have Questions?

Still not sure if auto refinancing is right for you? Learm more about car loan refinancing in our section of Frequently Asked Questions.