The rewards of auto refinancing start here
Ways auto refinancing could help youfootnote reference1
Save money
Lower payments could free up more of your budget for other goals.
Pay faster
A shorter financing term could help you reach your final payment even sooner.
Lower your rate
A lower APR could reduce your total cost and help you save over time.
Save money
Lower payments could free up more of your budget for other goals.
Pay faster
A shorter financing term could help you reach your final payment even sooner.
Lower your rate
A lower APR could reduce your total cost and help you save over time.
How it works
Step 1
Apply online
Enter your personal and vehicle details to submit an application for approval.
Step 2
Sign and submit your documents
Complete and send any and e-sign your closing documents.
Step 3
Drive happy
We'll pay off your current lender and update your vehicle's title.
Frequently asked questions
Auto refinancing is the process of replacing your existing vehicle financing for the purpose of obtaining better terms. This may result in a lower interest rate, reduced monthly payments, or a different financing term.
After we approve an application, it typically takes about two weeks to complete the required documentation. It then takes around 30-60 days to payoff your current lender and update your title, depending on the DMV.
Chase doesn’t charge an application fee. However, some states impose title fees and taxes for vehicle refinancing. If your state requires taxes and title fees, we’ll include them in your final financing amount and pay the state agency on your behalf.
Currently, we don’t offer refinancing for vehicles financed through JPMorgan Chase Bank, N.A. ("Chase") or through Aston Martin Financial Services, Jaguar Financial Group, Land Rover Financial Group, Maserati Capital USA, McLaren Financial Services, Rivian Financial Services and Subaru Motors Finance.
Refinancing is not available for vehicles titled in Hawaii, Kentucky, Maryland, Michigan, Minnesota, Missouri, Montana, Oklahoma and Wyoming.
No, you don't need a Chase account to refinance your vehicle with Chase.
If your credit score has improved or interest rates have lowered, refinancing could be right for you. Use our Car payment calculator to get a sense of your refinancing options. The calculator is not a prequalification, application or guarantee of offer.
Currently, we don't refinance cars that are:
- 10-years-old or older, or 5-years-old or older for some makes
- In excess of 120,000 miles
- Leased
- Not for personal use
- Salvage, branded or bonded titles
- Financed through JPMorgan Chase Bank, N.A. ("Chase") or through Aston Martin Financial Services, Jaguar Financial Group, Land Rover Financial Group, Maserati Capital USA, McLaren Financial Services, Rivian Financial Services and Subaru Motors Finance.
No, you can’t change who’s on your title or the state where your vehicle is titled when refinancing.
All current owners listed on the title must apply for refinancing together.
Applying for auto financing generates a "hard" credit pull and may impact your credit score.
Voluntary protection products (e.g., extended warranty or GAP waiver) included in your current financing may not transfer to the new financing. Check with your current lender to see how refinancing will impact you.
After you’re approved, it typically takes about two weeks to complete the required documentation. It then takes around 30-60 days to payoff your current lender and update your title, depending on the DMV.
In order to refinance with JPMorgan Chase Bank, N.A. ("Chase"), your estimated payoff must be at least $4,000 and less than $100,000. Fees are excluded.
All applicants need to provide personal information including income and housing details, as well as a driver’s license. Some states have additional requirements, such as New York, where the title must be provided.
1 Your costs and repayment period are based on the amount you borrow, the repayment term you choose, and the interest rate tied to your financing amount, term, and credit history. Certain taxes and fees may apply. Your overall costs could be more, your repayment term longer, and monthly payment higher depending on your circumstances. Consult your financial advisor to see if refinancing your auto loan is right for you.
All applications are subject to credit approval by Chase. Additional terms and conditions apply, such as vehicle make, age and mileage.
Refinancing is not available in all states.
Your current financing must appear on your credit report and your lien must be perfected (which usually happens within 90 days of purchase). You need to have at least 12 months remaining on your current term.
Your car must currently be financed with a lender other than JPMorgan Chase Bank, N.A. ("Chase"), Aston Martin Financial Services, Jaguar Financial Group, Land Rover Financial Group, Maserati Capital USA, McLaren Financial Services, Rivian Financial Services or Subaru Motors Finance.
Your title can’t be salvaged, branded or bonded.
When you apply, we will run a hard pull on your credit, which may impact your credit score.
We're required by law to ask your name, address, date of birth and other information to help us identify you.
If you put a freeze on your credit report, contact all 3 credit bureaus (Equifax®, Experian® and TransUnion®) to unfreeze it before you apply.
You'll need a Social Security number or ITIN to apply online.