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Auto Refinancing Loans

Shift gears with auto loan refinancing1

Refinance your auto loan with a OneMain personal loan that fits your budget, helping you reach your financial goals today and miles down the road.2

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This won’t affect your credit score.

What you get with every OneMain auto refinance loan

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Money right when you need it

Quick decision. Money as fast as 1 hour after loan closing.3

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Loans that work for your budget

Fixed payments and clear, upfront terms.

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Support from start to finish

Real people in branches, on the phone and ready to help online.

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Auto loan refinancing as smooth as the open road

Love your car, but not your current auto loan? Depending on your current loan terms, refinancing could change the duration of your loan, lower your interest rate, or monthly payment – freeing up money for other expenses.1,2

See if you are prequalified for a personal loan to refinance your vehicle loan from $1,500 - $20,000.1

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Checking won’t affect your credit score.

How does a vehicle refinance loan work?

Refinancing your car or truck means taking out a new loan to pay off your current vehicle loan. This could give you the opportunity to benefit from new terms that your new loan might come with, like a lower monthly payment, reduced interest rate, or different length of repayment.

Why should I choose OneMain to refinance my car loan?

Your loan needs are as unique as your go-to driving playlist. That’s why we take the time to show you all your options and help you find a car refinancing loan that fits your budget. We also arm you with money-saving tools, credit tips and tricks so you can cruise into a brighter future.

See how you can stretch your budget with a personal loan

Whether you need to cover car repairs, vet visits, dream getaways, or just want to breathe a little easier with debt consolidation, our personal loans are built to fit your needs.2,4

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Check for offers

This won’t affect your credit score.

Customers have relied on OneMain for over 100 years

Here are some of our favorite shoutouts.5

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Need more info on auto refinance loans? You’ve come to the right place:

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Pros vs. Cons of Refinancing an Auto Loan

Read More
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When Does Refinancing a Car Loan Make Sense?

Read More
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Can You Refinance a Personal Loan?

Read More

Answers to common customer questions

There are no hard and fast rules, but when deciding if it’s the right time to refinance your car loan it’s important to know the interest rate and length of time that remains to pay off your current loan. Although a new loan may have a lower interest rate and/or lower monthly payments, refinancing for a longer time could end up costing you more overall.

If you’re still wondering “How long can I wait to refinance my car?,” it’s less about timing and more about finding the monthly payment, rate and length of the new loan that could give you the most financial freedom.

When considering refinance car loan rates, look for a new loan with a lower interest rate than what you currently have. You should also check if your current loan has a variable or fixed rate. Choosing a loan with a fixed rate, like a OneMain personal loan, has the benefit of staying the same so you don't have to worry about it rising in the future.

From the start of the application to receiving the funds could be as quick as one day.*

Completing the online loan application: Takes just minutes to complete and see your offers.*

Signing your loan documents: After final loan approval, signing your closing documents takes about 30-45 minutes.

Receiving your funds: When using your debit card to receive funds, you can get your money as soon as an hour after signing the loan docs.3 Funds can also be paid out by direct deposit (ACH), which are available approximately 1-2 banking days after loan closing. A check can be issued as soon as the same day as the closing.

*Timing may vary based on: when you submit your application, how many documents are needed for approval, and how long it takes for OneMain to receive, review, and verify those documents, and whether your loan is secured by collateral, among other factors.

When you refinance your car loan with a personal loan from OneMain, your credit score may take a small dip, as it might with any hard inquiry. Learn more about ways to help you build credit over time.

If you're close to paying off your existing car loan, it may not be worth refinancing because the money you save in interest payments could be offset by fees associated with paying off the existing loan and/or opening your new loan. Also, if your vehicle is worth significantly less than when you originally bought it, it may not be worth refinancing.

More questions? Check out more FAQs.