Today’s lowest auto loan refinance rate1

As low as

7.79% APR

To qualify for the lowest rate, the loan must include:

  • A term of 60 months or less
  • A loan for $30,000 or more
  • Financing of 80% or less of the car’s value
  • A credit score of 800 or higher
  • A vehicle that is less than 12 months old
  • Automatic payments from a U.S. Bank personal checking or savings account

Should I refinance my auto loan?

Depending on your unique situation, your reason to refinance may vary. Here are a few reasons why many people choose an auto loan refinance.

Lower your interest rate

If you qualify for a lower interest rate, you could save money over the remaining duration of your auto loan.

Lower your monthly payment

Refinancing could help you keep your vehicle but lower your payment to better fit your monthly budget.

Pay your loan off sooner

Your monthly payment may increase, but you’ll make fewer payments overall and may pay less interest in the long term.

How does auto loan refinancing work?

If you’re looking for a new auto lender, you could have a decision in minutes when you apply for a U.S. Bank auto loan refinance. Auto refinancing is not available in all states.2

Prepare

Gather a few things before you start:

  • Current loan balance, account number and lien holder
  • Vehicle identification number (VIN) 
  • Insurance provider information
  • Vehicle registration

Apply

Fill out our easy online application (or visit a nearby U.S. Bank branch for help). We’ll give you our decision by email within 3 to 5 business days. If we don’t accept your initial application, we’ll respond with a counteroffer you can consider.

Finalize

When you’re approved, grab your insurance and registration documents and stop by your local U.S. Bank branch. A loan officer will help you finalize the details and set up payments. Then, we’ll pay off your existing loan and update the title.

Apply now

Thinking about selling your car?

Easily request and receive the best offers on your vehicle from participating local dealerships. Just tell us about your car’s mileage, history, condition and any special equipment. In just minutes, we’ll show you who’s ready to buy it today. We’ll even help you arrange the sale.

Request offers

Care for the life of your car or truck.

As a U.S. Bank customer, you can store and access all your vehicle records with U.S. Bank Vehicle Manager. It’s a great way to stay up to date on maintenance, track the value of your vehicle and more.

More about U.S. Bank Vehicle Manager

Get started

Apply now
Call 800-473-6372
Make an appointment
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Disclosures

  1. Monthly payment and annual percentage rate (APR) will vary based on the term, amount financed, model year, loan-to-value (LTV) percentage, credit history and applicable fees. Payment example: for an amount financed of $30,000 on a 1 year old vehicle over a 60-month term with a $100 origination fee, monthly payments would be $616.22 at an annual percentage rate (APR) of 8.55%.

  2. Refinancing is available in the following states: Arizona, Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin, Wyoming

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Credit products offered by U.S. Bank National Association and subject to normal credit approval.