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 do I change my car loan to another bank?
I want to change my car loan to another bank because of poor customer service with my current bank. How do I do it?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Sorry to hear about the poor customer service! But before you decide to change your
car loan
to another bank, also known as refinancing the car, you need to decide if it’s really the right move for you financially.You should avoid refinancing if:
- You already have a low interest rate
- You only have a year or so left on the loan
If neither of these applies to you, refinancing might be the best move. Refinancing requires the same process as getting an initial car loan. The only difference is that you need to present information on your current car loan, including the remaining balance, current interest rate, and how long is left on the loan.
After you have this information, shop around as much to find the best refinancing rate possible. Once you’ve found the ideal interest rate and lender, schedule a meeting. In most cases, you’ll need:
- Proof of income
- Proof of residency
- Driver’s license and vehicle information
- All information about your current car loan
If you want to save some extra cash while refinancing, you may also want to look at your current car insurance policy. Use the
Jerry
app to compare quotes and find the best car insurance rate for your vehicle. The average Jerry user saves $879 a year on car insurance!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 for Your Car
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