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Get a lower rate and payment.

You could save $1,000's in interest by refinancing your car loan and get lower payments.

Refinance My Car

Old Payment

$355 b/w

New Payment

$255 b/w

Real client success stories like Kamal Biswakarma give you an example of how Canadians are saving monthly.

1. Apply

Confirm your VIN and provide some details about the vehicle and loan you're looking to refinance.

2. Sign

Sign online without ever leaving home. Your Finance Manager will send you documents via DocuSign to review and sign.

3. Save

Reduce your payments with decreased interest rates. Save thousands over the full term of your loan while helping your buget.

Top 10 Questions

  • What is car refinancing?

    Car refinancing is the process of replacing an existing car loan with a new one, often to secure better interest rates, lower monthly payments, or change the loan terms.

  • Do you offer refinancing Canada-wide?

    No, we currently do not offer refinancing in Quebec.

  • Why would I consider refinancing my car?

    Common reasons include obtaining a lower interest rate, reducing monthly payments, changing the loan term, or consolidating debt.

  • When is the right time to refinance my car?

    It's typically a good idea to consider refinancing when interest rates have decreased, your credit score has improved, or your financial situation has changed for the better.

  • How much can I save by refinancing my car?

    The amount you can save depends on factors like the new interest rate, loan term, and your current financial situation. Use online calculators or consult with lenders to estimate potential savings.

  • Are there any fees associated with car refinancing?

    Yes, there may be fees such as loan origination fees, prepayment penalties, or title transfer fees. It's essential to consider these costs when evaluating the overall benefit of refinancing.

  • How long does the car refinancing process take?

    The refinancing process can take anywhere from a day to a week, depending on the lender and the required documentation.

  • Can I refinance a car that is underwater (I owe more than it's worth)?

    Some lenders may allow refinancing an underwater car loan, but it might be challenging. You may need to bring additional funds to the table or explore other options.

  • Do I need to go through the same lender for refinancing?

    No, you can choose a different lender for refinancing. Shopping around and comparing offers from multiple lenders can help you find the best terms.

  • Does refinancing affect my credit score?

    The act of applying for a refinanced loan may result in a temporary dip in your credit score due to the hard inquiry. However, if you make timely payments on the new loan, it can positively impact your credit over time.