Auto Loan Refinancing | Refinance Your Car Loan

AUTO LOAN REFINANCING

Refinance your Auto Loan and you could save over $2,500¹

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Check Your Rate

Checking your rate won't impact your credit score.2

Drive away with better terms

APRs as low as 4.49%³

$0 prepayment penalties

Flexible terms

Here's how it happens

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Here's how it happens

Share a few details about you and your vehicle. If you qualify, you'll see multiple refinancing offers that could help you save.

Choose the offer that works for you and finish your secure application online. If we need anything else, we'll let you know.

If you're approved, we'll pay off your old loan. Simple as that.

Share a few details about you and your vehicle. If you qualify, you'll see multiple refinancing offers that could help you save.

Why refinance your Auto Loan?

Refinance your current auto loan and keep more of what you earn, with a lower rate that could mean real savings. If you got your loan from a dealer, you may not have gotten the best rate you qualify for. Let's find out. Check your rate in minutes and make it happen.¹

What refinancing your auto loan could mean for you

Pay less in interest⁴

Choose a lower interest rate and put more of your money towards your balance.

Lower your payment⁴

Get a payment that fits better, with flexible terms and competitive rates.

Adjust your loan terms

Shorten your timeline or stretch it out, whatever works with your budget.

See what our members are saying

“They have treated me very well over the years, from auto-refinancing to personal loans to credit consolidation. Thank you for helping secure my financial future!”⁵

—Dino S.

Frequently asked questions

What is auto refinancing?

Auto refinancing is when you pay off your existing car loan and replace it with a new one, usually from a different lender. Refinancing your auto loan could help you save money by securing a lower interest rate. Or you can reduce your monthly payments by adjusting the length of your loan term, freeing up cash for other financial needs.

Is my current auto loan eligible for auto refinancing?

To qualify for auto loan refinancing through Happen Bank, your vehicle must be for personal use, loans are generally available for vehicles that are 10 years old or newer (based on vehicle model year) and have 120,000 miles or fewer. In some cases, the most well-qualified borrowers will be eligible with vehicles having up to 150,000 miles and vehicles that are up to 13 years old.

How long does it take to find out if I qualify for auto refinancing?

Applying online is simple, takes only a few minutes, and you can do it all on your phone tablet or laptop from the comfort of your home. If you qualify, you'll receive your offers almost immediately.

What documents will I need to refinance my auto loan?

During the application process, we’ll ask about your driver’s license, vehicle registration, and proof of insurance. We may also ask you to send us additional documentation to confirm your income or other information, if necessary.

Don’t worry, you can easily snap a photo and upload it right from your phone.

Will applying for an auto refinance loan hurt my credit?

You can check your rate through Happen Bank as many times as you like, with no impact to your credit score. No one except you can see the soft credit inquiries on your credit report. However, once you accept an offer and your new auto loan has been funded, we will do a hard credit check which will post to your credit report, indicating that you have accessed credit from Happen Bank. This may or may not impact your credit score in the short term.

Is auto loan refinancing worth it?

Refinancing your existing auto loan can reduce your interest rate or lower your monthly payment. Members save more than $2,500 on average by refinancing their auto loan1

Representative example of Auto Refinance loans.

Loan amounts range from $4,000 up to $100,000, with terms between 24 months and 84 months. Availability of specific loan amounts, rates, and terms may vary by credit profile and state.

Loans of $7,500 or less without an origination fee. A representative example of payment terms for an Auto Refinancing Loan is as follows: a borrower receives a loan of $ $7,500 for a term of 60 months with an APR of 7.00%. In this example, the borrower will make 60 monthly payments of $149.

Loans greater than $7,500 with an origination fee. A representative example of payment terms for an Auto Refinancing Loan is as follows: a borrower receives a loan of $20,000 for a term of 60 months with an APR of 7.51%. In this example, the borrower will make 60 monthly payments of $399.

Vehicle Restrictions

Auto Refinancing loans are generally available for vehicles that are 10 years old or newer (based on vehicle model year) and have 120,000 miles or fewer. The most well-qualified borrowers may be eligible for loan amounts up to $100,000. Additionally, well-qualified borrowers may be eligible with vehicles having up to 150,000 miles and vehicles that are up to 13 years old. Loans are not available for recreational vehicles, motorcycles, vehicles with branded titles, bonded titles, or reconditioned titles, hail-damaged or salvaged vehicles, domestic trucks branded with a ‘3500’ designation or with a rated payload capacity of one ton or greater, conversion or cargo vans, snowplow-equipped vehicles, or any vehicles used for livery, rideshare, or any other commercial purpose. Loans are not available for the following vehicle makes and/or models: Hummer, Pontiac, Saab, Saturn, Daewoo, Isuzu, Suzuki, Oldsmobile, and Nissan Leaf. At the time of application, your vehicle must be registered in the state where you live. We do not accept applications for auto refinancing loans from AK, HI, ME, NH, ND, VT, WV, WY, Washington, D.C., and the U.S. territories. Additional vehicle restrictions may apply.