Why Should I Refinance My Car Loan? 4 Reasons | Caribou

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Should you refinance your car loan? Caribou President Eric Stradley walks through the four most common reasons people refinance — and why checking your rate costs you nothing (not even a credit score hit).

The four reasons to refinance your car loan:
① Your credit score has improved since you bought — you can likely get a lower APR.
② You got a bad deal at the dealership — it happens, and we can help you fix it.*
③ Interest rates have dropped since you bought — you should be able to take advantage.
④ You want to pay off your loan faster — a shorter term could work in your favor.

Caribou shops thousands of rates across the country, and checking your rate won't affect your credit score. No risk to check rates. Potential upside.

*Actual savings may vary. Terms and conditions apply. See Caribou.com for details.

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