Can you refinance a car UK?
Whether you're looking to reduce your monthly payments or spread the cost of a final lump sum to own your car, we could help. Car refinancing is the process of taking out a new finance agreement to pay off the outstanding balance on an existing car finance agreement, usually with a new lender.
What are good banks to refinance a car with?
Many people who refinance their car loan do sign up with a different lender, but you may not need to do this. You may be able to secure a new deal with your existing lender. To do this, you can contact the lender directly, or use a car loan broker who may negotiate a new deal on your behalf.
Can I refinance my car with the same lender UK?
Get the lowest rate possible If refinancing with your current lender would yield only minimal savings, you'll likely want to search for another lending institution. By shopping around and getting quotes from other lenders, it's possible to get a lower rate than if you stuck with just one lender.