When you refinance a car loan, you replace your current loan with a new one that lowers your interest rate, reduces your monthly payment or cuts the total amount you pay on a car — or possibly all ...

Loan term (months) Loan terms typically range from 24 to 96 months. Suggested maxes: 36 months for used cars, 60 for new. Sales tax rate If you're using the vehicle's out-the-door price, you can leave ...