Love your car, but hate your payment? Then auto loan refinancing is for you. When you refinance your existing car loan, you can lower your interest rate, which results in lower payments. You may also be able to lengthen the term of your loan, which will lower your payments further. And in most cases you will be able to skip up to 3 payments! Your credit isn’t perfect? No problem! You may still be eligible to refinance your car, saving you money, paying off your car early, or lowering your payments