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
How can I beat interest on a car loan?
How do I lower my interest rate on a car loan? I feel my current rate is too high, and I am tired of paying so much for my loan every month.
Phoebe Mah · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Paying off a loan with a high interest rate can certainly be challenging. Thankfully, an easy way to beat the interest on your
car loan
is by refinancing.Refinancing
is a great way to save money on your car loan’s interest rate and lower your monthly payments. On average, refinancing a car loan can lower your APR
by 2.4%. While this may not sound like a lot, this percentage can save you hundreds, if not thousands, of dollars in interest and make a big impact on your monthly budget.That said, finding the right refinancing lender can be a huge pain.
Jerry
removes the hassle by giving you one app that instantly connects you with top companies to meet your financial needs. Whether you’re looking to shorten or extend your loan term, make sure you have a loan that fits your budget, so you’re only paying what you have to.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