AutoDecider

Auto loan decision tool

Auto Loan Refinance Calculator

Compare your current car loan with a refinance offer to see whether the lower payment is actually worth the fees and new term.

Compare refinance offers

Check payment savings, total cost, and break-even timing after fees.

The amount you still owe on your current auto loan.$
Your current monthly auto loan payment.$
The annual percentage rate on your current auto loan.%
How many monthly payments are left on your current loan.mo
The annual percentage rate offered on the refinance loan.%
How many months the new refinance loan would last.mo
Fees charged to refinance, including lender, title, or processing fees.$

Recommendation

Refinance likely saves

Refinancing looks cheaper by about $1,504 and changes the payment by about $43 per month.

New monthly payment
$577
Monthly savings
$43
Total savings
$1,504
Current remaining cost
$26,040
New cost with fees
$24,536
Break-even
7 months

Loan cost comparison

Current cost$26,040
New cost with fees$24,536
Total savings$1,504
A lower payment can still cost more if the new term is much longer. Compare total cost, not just the monthly number.

How this calculator works

The calculator compares the remaining cost of your current loan against the total cost of a refinance offer. It includes the new APR, new loan term, monthly payment, and refinance fees so you can see both monthly savings and total savings.

When refinancing can backfire

Refinancing can lower your payment while increasing the total amount you pay if the new term is much longer. The strongest refinance offers lower the APR enough to save money after fees without stretching the payoff timeline too far.