Blended Finance
Refinancing Your Existing Car Loan
Refinancing can reduce repayment pressure or total borrowing cost, but only if the full numbers improve after fees and term changes. This guide shows how to evaluate the move correctly.
When refinancing is worth reviewing
Review refinancing when your credit profile has improved, market rates have moved down, or your current repayment is no longer aligned with cash flow.
- Current rate materially above new available offers
- Income stability improved since original loan start
- Need to rebalance monthly affordability
- Current lender terms are inflexible
- Vehicle value still supports lending policy
How to compare offers correctly
Compare remaining balance scenarios, not original loan amount. Include break costs, establishment fees, and any monthly service fees before deciding.
| Check item | Why it matters | What to verify |
|---|---|---|
| Remaining principal | Base for new comparison | Exact payout quote date |
| Break or exit fees | Can reduce benefit | All settlement costs |
| New establishment fee | Adds upfront cost | Whether financed or paid upfront |
| Term reset effect | Can increase total paid | Total payable over new term |
Next steps
Use this guide as a framework, then compare at least two full offers with the same assumptions before you commit. If you want support, our team can help you match structure, rates, and fees to your profile.