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Gerald Kia of North Aurora

How to Refinance a Car Loan

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You probably love your car, but do you love the payment? If you’re stuck in a super high priced auto loan, it might be time to think about refinancing. Are you wondering about how to refinance a car loan? Gerald Kia of North Aurora can help. Get some pointers here on the best way to refinance an auto loan, and if you still have questions call Gerald Kia of North Aurora in North Aurora. Our experienced finance team is one of the best around Naperville.

How Do You Refinance a Car Loan?

If you’re thinking about refinancing your auto loan, these are some simple steps to the process:

  • Check your credit report: The best way to refinance an auto loan is to start by checking your credit. Once per year, you can order your free credit report from any, or all, of the three major credit reporting agencies, such as Experian. Some issues, like a forgotten medical bill, might be easy to handle.
  • Get pre-qualified before you apply: Call around Oswego or St. Charles, or go online to find the best interest rate. But how do you refinance an auto loan without hurting your credit score with a bunch of credit applications for a new loan? It’s easy, get pre-qualified. The credit bureaus regard a pre-qualification as “soft applying” so it shouldn’t have a negative impact on your credit score.
  • Officially apply with the lender of your choice: Once you find an interest rate you like from your pre-qualifications, you can officially apply for an auto loan. Remember that a pre-qualification does not necessarily guarantee loan approval or that you’ll get the rate the lender initially quoted you.

What to Know When Refinancing Your Car

Now that you know how to refinance a car loan, there are other factors you should be aware of when refinancing your car loan, such as:

  • You may not qualify for a better interest rate: If your credit hasn’t improved or rates have gone up or stayed the same since you got your original car loan, you may not get a better rate.
  • There will probably be fees: Lenders usually charge fees when applying for a loan, and it’s possible that your old lender might have a prepayment penalty. Check into it with your old lender so that you’re informed, and take it into account when deciding whether or not to refinance.
  • There might be costs to re-register your auto or transfer the title of your vehicle: Do your homework so you don’t have any financial surprises.

Talk to the Finance Team at Gerald Kia of North Aurora Today

If you want to know more about Kia financing, if GAP insurance is worth it, or more on refinancing your car loan, the finance team at Gerald Kia of North Aurora is one of the best in the business. In fact, if you’re in the market for a new vehicle, you can easily apply for financing online with us. Check out our new vehicle specials and then contact us today. Also be sure to learn more about Kia oil changes with our team.

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All vehicle specifications, prices and equipment are subject to change without notice. See above for information on purchase financing and lease program expiration dates. Prices and payments (including the amount down payment) do not include tax, titles, tags, documentation charges, emissions testing charges, a documentary service fee of $300.00, or other fees required by law or lending organizations. The estimated payments may not include upfront finance charges that must be paid to be eligible for the purchase financing program used to estimate the APR and payments. Listed Annual Percentage Rates are provided for the selected purchase financing or lease programs available on the current date. Program expiration dates reflect currently announced program end dates, but these programs are subject to change at any time.

Lessees will be financially responsible for mileage beyond the elected quantity and for vehicle maintenance and repairs and excessive vehicle wear. Option to purchase at lease end for an amount may be determined at lease signing. Payments may be higher in some states. You may not be able to combine other incentives with the purchase financing or leasing programs presented above. Residency restrictions may apply. See dealer for details.

Listed APR, down payment, payments, incentives and other terms are estimates for example purposes only. Information provided is based on very well-qualified buyers or lessees. The payment information provided here is not a commitment by any organization to provide credit, leases or other programs. Some customers may not qualify for listed programs. Your terms may vary. Lessor must approve lease. Credit approval required.

**With approved credit. Terms may vary. Monthly payments are only estimates derived from the vehicle price with a 72 month term, 5.9% interest and 20% downpayment.

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(630) 907-0770

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201 Hansen Blvd • North Aurora, IL 60542

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Gerald Kia of North Aurora

201 Hansen Blvd North Aurora, IL

Phone: (630) 907-0770



Phone: (630) 907-0770

201 Hansen Blvd North Aurora, IL


Phone: (630) 907-0770

201 Hansen Blvd North Aurora, IL


Phone: (630) 907-0770

201 Hansen Blvd North Aurora, IL
41.8011687 -88.3732992
Gerald Kia of North Aurora 41.8011687, -88.3732992.