If your car loan came from the dealership, there's a good chance you're paying more than you need to. Refinancing with Copper can lower your rate, lower your monthly payment, and give you a break before your first payment.
What you get
- Auto refinance rates as low as 5.49% APR, for terms up to 72 months.
- No payment for 60 days after you refinance.
- Borrow up to 120% of your vehicle's value, which can cover tax, title or a warranty.
- No application fee and no penalty for paying off early.
Is it worth it?
Even a couple of percentage points makes a real difference. On a $20,000 balance with four years left, dropping from 9% to 5.49% APR saves about $33 a month, or more than $1,500 over the loan. Our calculator will run your own numbers.
Copper tip: Refinance at the start of a new month and use your 60 payment-free days to add to your emergency fund. Or put that payment toward the principal instead.
What you'll need
- Your current lender's name and your loan account number.
- Your vehicle's year, make, model, mileage and VIN.
- Proof of income and insurance.
Apply online in about ten minutes. Once you're approved, we pay off your old lender directly, and you'll start paying Copper instead.
See what you could save.
Apply in about ten minutes, or run the numbers first.