Auto Loan Refinancing

It could be. In fact, thousands of our customers every year use auto loan refinancing their car as a way to lower their car payment, access cash or consolidate bills.¹

Lower car payments

If you’d like lower car payments, there are a couple of ways to use car loan refinancing as a way to achieve that goal. When auto loan refinancing a car with Wells Fargo, you may qualify for a lower rate than you have right now. With a lower rate comes a lower monthly car payment when you keep your loan terms the same.

Other customers may want a lower car payment, even if they don’t qualify for a lower rate. With a longer loan term, you may reduce the monthly auto loan payment.

Cash for your financial needs

When refinancing a car with Wells Fargo, customers may be able to unlock cash from the value of their car. That’s because we refinance auto loans for up 160% of the vehicle’s value. This allows customers to receive the remaining cash once their current auto loan is refinanced.

Some Wells Fargo customers have received as much as $4,987² or more cash out with our car loan refinancing opportunities.

Consolidating your bills

Besides lowering your payments or accessing cash, you could also consolidate bills with car loan refinancing. Since we can refinance auto loans up to 160% more than a vehicle’s value, that gives many customers the needed financial room to consolidate higher interest rate bills into a lower rate car loan refinance.

Besides lower overall monthly payments, consolidating your bills can help you manage your budget easier with fewer loan payments to make.

Call 1-866-452-3413 to talk with our car loan refinance specialists. They will help you decide how refinancing a car could benefit you.
Or, apply online if you already know car loan refinancing is the right step for you.