It can be difficult to get an auto refinance.  You will most likely have to find a lender for your auto refinance.  You will want to make sure this is to your advantage before you refinance your car.  If you have very bad terms on your auto loan refinance may be a good idea.  There are a few things to keep in mind when you auto refinance. 

Where to go to get an Auto Refinance            

To auto refinance your current car you will have to find a lender that specializes in refinancing and auto.  You will also want to know all the fees associated with the new auto loan as well.  Make sure you know the exact terms of the auto refinance loan.  Make sure the interest rates stay the same for the entire loan period and that the length is acceptable.  If you only have three years on your current car loan try not to go pass 3 years on an auto refinance.  You will also want to know the current value of your car if you were to sell it.  Some lenders may want you put additional down on the car or pay a higher rate then you would have to.  All said and done you will have to crunch numbers to see if you are indeed saving money on your auto refinance.

Should you trade in or look for an Auto Refinance

You may want to look into trading your car in and buying a new one.  If you are running a negative on your current car loan, meaning you owe more on the car then you can trade the car in and get for it, you may not save much on auto refinancing or buying a new car.  If your credit has improved or interest rates have come down and you think you can save several % points then you will want to look at all options.  If you can save just as much money buying a new car as you would going with an auto refinance then it might be a good idea to go with the new car and have payments for a couple more years.  You have more options when you purchase a new car.  You can go with an online lender, your credit union or a car dealer.  Again crunch the numbers and see what is best for you.