Dealer-arranged loans are not always the cheapest.
Ways to save
Credit unions often have competitive rates.
Some effort Good savingGives you a rate to beat at the dealer.
Easy Big savingExtended warranties and gap insurance can often be bought cheaper elsewhere.
Easy Good savingStep by step
- Find your current rate, balance and payoff amount.
- Get refinance quotes.
- Compare the total interest, not just the monthly payment.
When
When your credit score has improved or rates have dropped.
Watch out for
- Longer loan terms that lower the payment but increase total interest.
Did it work? What readers report
Real results from people who tried these steps on their car loan bill. "Worked" means they got a lower price; savings are per month, counting only people who saved something.
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Tried one of these? Tell us how it went
See results for every bill on what worked.
General information, not financial, legal or insurance advice. Terms vary by provider and state.
Frequently asked questions
What is the fastest way to lower my car loan bill?
Get preapproved before buying. Gives you a rate to beat at the dealer.
When should I shop for car loan?
When your credit score has improved or rates have dropped.
What worked for readers
Cut your Car loan bill? Tell us what worked. The first good one goes right here.
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Questions from readers
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