How to Refinance a Car Loan

Buying a car

Are you feeling a little let down by the terms of your current car loan? If you want to lower your monthly car payments and interest rates, it’s time to learn how to refinance a car loan. Applying for financing is simple and easy with Nyle Maxwell CDJR of Taylor, and you might be surprised by how good of a deal you can get for the Georgetown area! Let’s go through the basics, so you can determine the best way to refinance auto loan.

How Do You Refinance a Car Loan?

When you refinance your car loan, you want to get a lower interest rate to bring down the cost of your total monthly payments. But first, you have to do a little research:

  • Check Credit: Have you been paying off your bills on time since you acquired the loan? If so, your credit score may be higher than it was when you first applied. This can help you get a better rate. If your credit isn’t perfect, consider our tips for car owners with bad credit.
  • Start Applying: Apply to a few different refinance companies to see which offers the most competitive rate around College Station. We recommend submitting your applications within a two week period to prevent a negative impact on your credit score.
  • Assess Offers: Time to crunch numbers! Which offers line up with your ideal budget?
  • Decide Terms: Think about your loan term. Shorter terms bring higher monthly payments and lower interest, while the opposite is true for longer terms.

There is no right and wrong answer. What’s best for you in Cameron may not be best for a driver in College Station. Make sure you’re doing what’s right for your circumstances.

What to Know When Refinancing Your Car

Here are a few other pointers to keep in mind during the refinancing process:

  • Hidden Fees: Does your original car loan include any fees for early termination? Factor those in when crunching numbers.
  • Underwater Finances: Do you owe much more than the vehicle is worth? You might struggle to get re-approved.
  • Older Cars: Is your car well past its prime? Older cars have already depreciated significantly, so lenders might not approve your refinancing.

Learn More About Your Options with Nyle Maxwell CDJR of Taylor

At Nyle Maxwell CDJR of Taylor, our team is committed to securing the auto financing that fits your budget and lifestyle. If you’re ready to make a change and have more questions about how to refinance a car loan, contact us or swing by Taylor to chat with our experts. In the meantime, feel free to check out our current lease specials!

More From Nyle Maxwell CDJR of Taylor

  • How Much Can a 2020 RAM 1500 Tow?

      How much can a 2020 RAM 1500 tow? Enough to earn a Best-In-Class V8 Engine Towing* capacity. When outfitted with the proper equipment, a RAM 1500 can tow up to 12,750 pounds. Whether you’re hauling equipment to the Georgetown jobsite or towing a camper for a weekend getaway in Cameron, the RAM 1500 towing…

  • 2020 Jeep Cherokee Trim Levels

      Some vehicles are available in one trim and you can add packages to that trim. Others offer just one or two trim level choices. The 2020 Jeep Cherokee, by contrast, provides you five trim models and three unique packages you can add to select trims for impressive customization potential. At Nyle Maxwell CDJR of Taylor, we’re here to…

  • 2020 RAM 1500 Trim Levels

    If you’re shopping near Georgetown for a sturdy and reliable pickup truck, look no further than the light-duty 2020 RAM 1500. This dependable vehicle offers six trim levels providing a diverse variety of features suitable for drivers of all stripes. Learn more about the new RAM 1500 trim levels below! Learn MoreNew RAM 1500 Contact…

Saved Vehicles ×


You don't have any saved vehicles!

Look for this link on your favorites:


Once you've saved some vehicles, you can view them here at any time.

Contact Us ×


Call Now

14150 US-79 • Taylor, TX 76574

Get Directions

Today's Hours:

Open Today! Sales: 9am-6pm

Open Today! Service: 8am-3am

Open Today! Parts: 8am-3pm

Nyle Maxwell CDJR of Taylor

14150 US-79 Taylor, TX

Phone: 512-686-0062,-97.454574,14z/data=!4m5!3m4!1s0x0:0xb14e312be28afd19!8m2!3d30.560385!4d-97.4545739?hl=en


Phone: 512-481-7138

14150 US-79 Taylor, TX

Mobile Parts

Phone: 512-580-6997

14150 US-79 Taylor, TX


Phone: 512-686-0062

14150 US-79 Taylor, TX

Mobile Sales

Phone: 512-686-5628

14150 US-79 Taylor, TX


Phone: 512-634-8120

14150 US-79 Taylor, TX

Mobile Service

Phone: 512-961-4098

14150 US-79 Taylor, TX
30.5603194 -97.4548052
Nyle Maxwell CDJR of Taylor 30.5603194, -97.4548052.