Model what refinancing your auto loan at a new APR or term would do to your monthly payment and total interest.
Estimates are for illustration only and assume a fixed-rate, fully-amortizing loan. Actual APR, fees, and payments depend on your lender, credit profile, and state. Kreditify is a loan comparison service, not a lender.
We use the standard amortization formula M = P × r / (1 − (1 + r)^−n), where P is the loan amount, r is your monthly rate (APR ÷ 12) and n is the number of monthly payments. A $22,000 auto refinance at 6.5% APR over 48 months works out to roughly $522 per month.
APR bundles the interest rate with most lender fees, so it is the fairest number to compare offers with. Auto Refinance APRs on Kreditify typically fall between 3% and 18%, driven mainly by your credit profile, income stability, and the term you pick.
Stretching the term lowers the monthly payment but raises the total interest, because you owe the balance for longer. Run the same amount at 12 and 72 months to see both sides of that trade before you commit.
Origination fees deducted at funding, late fees, insurance add-ons, escrow, and taxes are excluded. Treat the result as a planning estimate, then confirm the exact figures on your lender's disclosure before signing.
Next step: check whether a refinance beats the loan you already have.
Compare Auto Loan Refinancing$2,000–$75,000 · soft-pull rate check, no credit score impactLocal APR bands, lender availability, and payment examples for the states where auto refinance demand is highest.