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How do you beat a high-interest car loan?
When I first got my car loan, I didn’t know much about what I was getting myself into. I ended up with high interest. My credit score has gotten better. What can I do?
Lauren Smith · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Congratulations on the better credit score! Looking into
refinancing
can help you beat your high-interest loan! Refinancing essentially redoes your car loan so that you get a better deal. Because your credit score has improved, you should get a better interest rate than when you first got your loan.
You can reach out to your lender and see if they have a better deal for you, but you should also look elsewhere. Check banks, local credit unions, and other lenders for better refinancing rates. They should be able to give you quotes.
Another easy option is using
Jerry
. The Jerry app can help find you a better refinancing deal and save you money on your 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.
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