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What Is Auto Refinancing and How Will it Help Me?

Auto refinancing is your key to many benefits that will save you thousands of dollars in the long run. When you refinance your car you are essentially restructuring your debt to more favorable terms. Our goal at Gravity Lending is to help you find the best interest rates and terms possible to save you money on your auto loan.

Why Do You Need Auto Refinancing?

Gravity Lending specializes in locating and cultivating the best interest rates and terms possible for you. With refinancing you can maximize your savings with benefits like:

  • Lower Monthly Payment – By lowering your interest rate, extending the term of your loan or both you can reduce your monthly car payment by an average of $105 a month.
  • Lower Interest RateA lower rate, with the same or shorter loan term period, typically means you will pay less total interest over the life of the vehicle’s loan.
  • Longer Loan TermDepending on the interest rate, increasing the loan duration will reduce your monthly car payment.
  • Shorter Loan TermConversely, shortening the term could increase the monthly payment but reduce the total amount of interest you will pay.

There are many reasons why you might want to refinance your auto loan, but it’s usually to save you money. Now is a great time to compare your offers.


Even if you haven’t considered refinancing your auto loan to save money, there are circumstances where you may want to refinance to receive a better rate. Reasons to consider refinancing your auto loan:

  • Has Your Credit Score Improved? – Numerous factors go into making an underwriting decision, but your credit score is the main consideration for our network of lenders nationwide. A higher credit score could qualify you for a lower interest rate and APR on your auto loan.
  • Inflation is at Record Highs and Interest Rates are Potentially Still on the Rise – A drop of even one or two interest percentage points can result in significant savings over the period of your auto loan, so every little bit counts with prices at all time highs.
  • Get Out of Expensive Dealer Auto Financing – If you financed your car or truck through dealer financing, typically you can get a lower interest rate through our nationwide lending network. Let us do the work and get you loan comparisons with only a soft credit pull.
  • Buy Out Your Vehicle Lease – Love your car, but not your payments? We’ll help you buy out your current lease and help you lock in a lower monthly payment and interest rate.

Not sure if you have the lowest interest rate available for your car loan? Get prequalified with Gravity Lending without affecting your credit score. Refinancing your auto loan is easy, secure and can save you money. Get the loan and terms you have earned and Grab Life by the Payments™ today.