piggy bank on car

How to Refinance a Car Loan

Las Vegas drivers are always looking to lower their monthly car payments and save on interest. Knowing how to refinance a car loan can help! If you’re wondering about the best way to refinance an auto loan, the finance team at Findlay Toyota has some tips for Henderson drivers. Applying for financing shouldn’t be a cause of stress. Here at Findlay Toyota, it is our goal to make auto financing hassle-free. So, how do you refinance a car loan? Read on to learn more from the team at Findlay Toyota near Boulder City.

Best Way to Refinance Auto Loan

Wondering what to know when refinancing your car? The goal of refinancing is to lower the interest rate you are being charged on a monthly basis. For starters, you should know what you are currently paying. 

Review your loan documents or reach out to your lender to confirm your current interest rate and monthly payments. Once you have that confirmed, explore the step-by-step guide below:

  • Check Your Credit Score: Pahrump drivers who have been making timely payments since their vehicle was first purchased may have an improved credit score. Customers like this stand to benefit from refinancing.
  • Start Applying: Apply to different automotive refinance companies to make sure you’re getting the best rate. Submit all applications within a 14 day period to minimize the impact on your credit score.
  • Evaluate Offers: Take time to evaluate the numbers to make sure any new offers coming in will get you the monthly payment you are looking for.
  • Decide Loan Term: Determine if a longer or shorter-term loan best works for your budget. A shorter-term loan will require larger monthly payments, however, you will pay less interest overall. With a longer-term loan, your monthly payments will be smaller, but you will pay more in interest in the end.

The best way to refinance auto loan terms depends on your particular situation, so make sure that any offer or term you choose works for your circumstances.

What to Know When Refinancing Your Car

There are a few other things Henderson drivers should keep in mind when they are deciding whether to refinance their car or not:

  • Fees: You will want to check your original car loan terms to make sure there aren’t any fees associated with paying off the loan early. If there are, you could be in a situation where refinancing isn’t as cost-effective.
  • Underwater Finances: It is important to note, if you owe much more than your vehicle is currently valued at, it can be harder to get approved for refinancing.
  • Older Vehicles: Many lenders won’t refinance an old vehicle that has already experienced significant depreciation.

If you find yourself in any of these situations, the skilled finance team at Findlay Toyota is here to help. Our experts can give you advice and guide you to options that best fit your situation.

Learn About Your Financing Options at Findlay Toyota

Our finance experts are here to help with your automotive financing needs, whether you’re considering purchasing from our great selection of new vehicle inventory or a used vehicle at a great value works best for your family. Consult our skilled team for any questions you may still have – get in touch today!

More From Findlay Toyota

  • 2021 Toyota Highlander Configurations

    How much does a Toyota Highlander cost in 2021? Las Vegas car-buyers can expect to pay $34,810 MSRP for the base Highlander L or less with Highlander lease incentives at Findlay Toyota. You can also save when you opt for last year’s model: freshly upgraded in 2020, the Highlander added standard features like a V6 engine, an…

  • 2021 Toyota RAV4 Interior Features

    Las Vegas drivers are impressed with the 2021 Toyota RAV4 because of its cozy interior and large range of standard features that keep them connected and entertained on long drives around Henderson. The Toyota RAV4 is also loaded with plenty of safety features to keep you safe and protected. Learn why everyone is talking about the…

  • 2021 Toyota Tacoma Towing Capacity

    When you’re getting the job done in Las Vegas, you need a truck that can tow right. Enter the 2021 Toyota Tacoma, with aggressive stylings, a comfortable interior, and of course, an immense amount of towing capacity. What’s the 2021 Toyota Tacoma towing capacity? With the right type of towing package, you can expect a hefty…

Saved Vehicles


You don't have any saved vehicles!

Look for this link on your favorites:


Once you've saved some vehicles, you can view them here at any time.

Contact Us

(702) 487-4339

Call Now

7733 Eastgate Rd • Henderson, NV 89011

Get Directions

Today's Hours:

Open Today! Sales: 8am-10pm

Open Today! Service: 7am-6pm

Open Today! Parts: 7am-6pm

Findlay Toyota 36.0476163, -115.0210319.