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Can I refinance my car loan at the dealership?
I originally got a loan with a car dealership, but the interest rate is 10%, which seems way too high! Can I refinance my loan at the dealership or do I need to go somewhere else?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
With that 10% interest rate, you’re doing the right thing by refinancing. I’m happy to say that you are not confined to the dealership when refinancing your
car loan
.While some dealers do refinance, this does not apply to all dealers. If you want to see if your current dealership will give you a better interest rate, definitely check with them, but remember that shopping around is one of the best things you can do to get the best rate possible. The more quotes you can gather, the better your chances of getting a great deal on your car loan rate.
Use the same idea when you’re getting car insurance. The
Jerry
app makes shopping for car loan rates easier and all in one place—we’ll get you customized quotes from top providers in seconds, so that all you need to do is pick the plan that works best for you. And once you pick one, we’ll even help you switch!Best of luck refinancing!
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- Gregory R.
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