Cristy S. Lynch

A look at auto refinance data, statistics, and trends over the last year

RateGenius data confirms auto loan refinancing approvals have increased 66% since May 2020, in part due to the rise in vehicle values and their positive impact on loan-to-value ratios.

Deciding between refinancing your car loan and mortgage takes some extra consideration.

With record high used car values and low interest rates, it’s still a great time to refinance your auto loan.

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You owe more on your auto loan than the value of the car itself. Now what?

It’s not just about the rates — how long it takes to pay back your car loan matters too.

Federal rate cuts may present favorable options for auto refinance loan shoppers.

The pandemic has impacted auto loan refinancing applications. Here’s why.

Lower rates, more approvals, and for the first time this year, borrowers with credit scores below 700 saved $100+/month refinancing their car loans.

Auto refinance rates remain about the same, but more borrowers are saving over $100 a month. Plus, your car may have just made it easier to get approved for auto loan refinancing.

The average interest rate has climbed another 0.09% this month, but borrowers are saving more money refinancing their car loans compared to years before.

The average auto refinance interest rate inched up by just a handful of basis points, climbing from 6.23% to 6.42%. But according to RateGenius.com data, applicants with credit scores of 750+ are getting rates under 3% on average.

This month we cover current auto loan refinance rates, monthly averages, and winter weather impact on applications.

A silly (and controversial) rant comparing the film and the book. This is not for the faint of heart!