Refinancing can put extra cash in your pocket and give you more financial flexibility.
Reduce your monthly car payment by extending your loan term or securing a better interest rate.
If you've built equity in your vehicle, refinance to access extra cash for emergencies or expenses.
Improve your payment schedule with terms that better fit your current financial situation.
Making on-time payments on your refinanced loan helps rebuild and strengthen your credit score.
You may be a good candidate for refinancing if any of these apply to you:
Not sure if you qualify? Apply anyway! Our team will review your situation and find the best solution for you.
Our simple 4-step process makes refinancing fast and hassle-free.
Complete our quick online form to see if you qualify for refinancing. 100% free application.
We'll review your current loan and present you with better options from our network of 25+ lenders.
Select the loan terms that work best for you—lower payment, shorter term, or cash out.
We handle all the paperwork. Your new loan pays off the old one, and you start saving immediately.
Are you looking for a quick way to save money? An auto refinance through Canada Auto Approval can put some extra cash in your pocket quickly and easily.
If you've been making your payments on time, chances are your credit score has improved and you can benefit by getting a lower monthly car payment and the best car loan rates & terms available.
Get answers to common questions about auto loan refinancing.
Savings vary based on your current rate and loan terms. Many customers save $50-200 per month, which adds up to thousands over the life of the loan.
The initial credit check may cause a small, temporary dip. However, making on-time payments on your new loan will improve your credit over time.
Most refinancing applications are approved within 24-48 hours. The entire process, including paperwork, typically takes 3-5 business days.
Yes! Even if your credit isn't perfect, refinancing may still lower your payment or give you better terms than your current loan.
Whether your credit is perfect or needs improvement, we can help you refinance your auto loan and start saving money immediately. Get your free quote in minutes with no obligation.
Worried about credit checks during refinancing? Explore our No Credit Check financing options to protect your credit score.