Auto Refinancing
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Auto Refinancing

Refinance your vehicle with a little help from Car Loan World.

Take advantage of better rates or more manageable repayments by refinancing your loan, getting the help you need from Car Loan World. As experts in the industry, we understand what it takes to match the right loan with the right applicant. All you need to do is tell us what you want from your refinanced loan, and our team of specialists will compare lenders and loans. Choose from the range of options and then apply. It really is that easy.

About Auto Refinancing

When you refinance your auto loan, you pay out your old loan with a new one, to take advantage of more favorable terms. So, what reasons could you have for refinancing your auto loan? One of the main reasons to refinance is to get a better deal. Not all car buyers compare their loan options carefully, which can mean they end up with an auto loan that costs more than it should. This is often the case for those who settle for dealer finance without comparing rates or negotiating.

However, some car buyers choose dealer finance as it allows them access to rebates. But, doing this doesn’t mean they need to be stuck with expensive auto financing. By choosing to refinance as soon as their contract allows, they can take advantage of great rebates as well as a great rate on their auto loan.

Another reason to choose to refinance could be a change in circumstances. When you apply for an auto loan, the interest rate you pay will be determined largely by your credit score. The lower your credit score, the more you will pay in interest. If your credit score has increased significantly since you first applied for your auto loan, you may be able to refinance to get a better rate. Similarly, if auto rates in general have gone down since applying, you could get a better deal now by refinancing.

Save On Interest

Refinance to get a better rate and save on interest over time.

Enjoy More Manageable Repayments

Refinancing could make your repayments lower, making budgeting easier.

Instant Approval

Know where you stand with your application thanks to instant approval.

Features and benefits

  • Pay out your old loan with minimal fuss (terms apply).
  • Take advantage of lower rates to save on interest on your loan.
  • Make your loan repayments more manageable by extending your loan.
  • Choose weekly, fortnightly or monthly repayments.
  • Opt for a loan over 12-84 months.
  • Enjoy instant approval so you can start saving sooner.

How to Choose the Right Refinancing Deal

Choose a repayment schedule you can afford. If you are refinancing to make your repayments more manageable, try to keep the loan term to a minimum. While it can be tempting to opt for a longer term to make repayments smaller, you will end up paying more in interest overall.

Read the small print on your contract. Before you refinance, check the small print on your current auto loan. This will tell you if there are any fees to pay to break the contract, and if you have to wait a certain amount of time before you can pay out the loan to refinance to a new one.


Check your credit score. Knowing your credit score will help you work out where you stand as you look at auto refinancing options. With a higher credit score, you may be able to take advantage of a better rate than you are currently getting. But, with a lower credit score, you may end up paying more if you refinance.

Refinance your auto loan today


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