PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Can I lower the interest rate on a car loan after I've signed the papers?
I just signed the paperwork for a car loan, but I just saw that a bank in my city was advertising a lower rate. Can I get a lower interest rate? How do I do it?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Unfortunately, since you’ve already signed the papers, you can’t negotiate the rate on your
car loan
, but you still have another option.The best way to take advantage of a lower interest rate from another lender is to refinance your car. No limit exists on how long you have to wait on refinancing a vehicle nor how many times you can refinance your vehicle. Just make sure you don’t have any penalties, like a prepayment penalty.
If you can’t get a new rate, you can save money in other ways. Use the
Jerry
app to compare quotes from dozens of insurers when your car insurance policy is up for renewal. Jerry will take care of all of the paperwork for you, including canceling your old policy! View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies