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One option worth considering is checking to see if you can lower the amounts of the monthly payments on your auto loan. This option helps you save money each month and save money in the midterm. This many be an option if you have better credit now (than when you got the loan), if you extend your loan's term, or if you can adjust other factors.

Lowering your auto loan's interest rate when refinancing is a good option if you want to pay less on the principle amount of the loan. This helps you pay lenders less since they are collecting less interest which ultimately saves you money in the long run. Check with refinancing lenders to see if you can keep payments the same or lower them as well.

You usually have the option to add and remove parties on your auto loan during the refinancing process. This allows you to make adjustments if you have life changes, want to add a co-signer, or just need to make adjustments. If you want to add another party, keep in mind you need to have their personal information handy including employment info.

You can check refinance rates and refinance your loan even if you don't have a specific goal in mind. You can usually submit your previous car loan information and see your new loan rates with no impact to your credit score. This is because the "hard pull" which does affect your credit occurs during the final steps of applying for the newly refinanced car loan.