Refinancing involves replacing an existing vehicle loan with a new loan. Potential reasons include changes to repayment structure or loan features.
Before proceeding, compare the total remaining cost of your existing loan with the full cost of the new loan. Check early repayment charges, new fees and the overall term.
A lower regular repayment does not necessarily mean a cheaper loan overall.
A helpful reminder
← Back to all guidesThis is general information, not a personalised loan offer or financial recommendation. Loan features and eligibility depend on your circumstances and the lender.