Trusted by Over 3 Million Borrowers
Jennifer refinanced her auto loan with BreadSquared and ended up saving over $129 a month⁶
Not only did my interest rate drop, but my monthly payment did too—by way more than I expected! It was fast, easy, and honestly such a relief.
BreadSquared Auto Refinance FAQs
What is an auto refinance loan?
An auto refinance loan replaces your current car loan with a new one—typically with better terms like a lower interest rate or smaller monthly payments. It’s a smart way to reduce your financial burden over time.
Why should I consider refinancing my car loan?
Refinancing may help you save money by lowering your interest rate, reducing your monthly payment, or adjusting your loan term. It can be a great option if your credit has improved or market rates have dropped since you first took out your loan.
Is my car eligible for refinancing?
Most vehicles qualify for refinancing if they meet certain criteria—typically under a specific age and mileage, and with a remaining balance that falls within our refinancing range. We’ll guide you through the eligibility check during the application.
What documents do I need to refinance my auto loan?
You’ll usually need your current loan details, vehicle information (like VIN and mileage), proof of insurance, and a valid driver’s license. Some lenders may also request income verification.
Can I add a co-owner to the refinanced loan?
At this time, we do not allow co-owners to be added to the refinanced loan. The loan must be under a single individual’s name.
Can I apply with a co-borrower?
No, we do not support co-borrower applications. Only individual applications are accepted for refinancing through our platform.