Today’s lowest auto loan refinance rate 2,3

As low as

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To qualify for the lowest rate, you must meet the following conditions:

  • A loan for $30,000 or more
  • A term of 60 months or less
  • A credit score of 800 or higher
  • A vehicle less than 2 years old

What could your monthly payment be?

Use our auto refinance calculator to estimate your rate and monthly payments.

Should I refinance my auto loan?

Depending on your unique situation, your reason to refinance may vary. Here are a few reasons why many people choose an auto loan refinance.

Lower your interest rate

If you qualify for a lower interest rate, you could save money over the remaining duration of your auto loan.

Lower your monthly payment

Refinancing could help you keep your vehicle but lower your payment to better fit your monthly budget.

Pay your loan off sooner

Your monthly payment may increase, but you’ll make fewer payments overall and may pay less interest in the long term.

How does auto loan refinancing work?

Refinancing your auto loan with U.S. Bank is easy. Just fill out our quick online application and you could have a decision in minutes. Auto refinancing is not available in all states.1,2


Gather your information.

In addition to standard personal info like your Social Security number and proof of employment, here’s what you’ll need to apply for an auto loan refinance:

  • Vehicle identification number (VIN)
  • Your current loan balance, lienholder and account number
  • Insurance information
  • Vehicle registration

Apply in minutes.

It only takes 10 minutes to complete and submit our online application, and you’ll typically have our decision minutes later. If you’re approved, we’ll ask you to upload a copy of your vehicle registration and insurance information.

Finalize the loan.

In most states, you can sign your final closing documents electronically. We’ll pay off your existing loan and update the title. You can set up your new loan payments in the U.S. Bank Mobile App or online banking. 

Care for the life of your car or truck.

As a U.S. Bank customer, you can store and access all your vehicle records with U.S. Bank Vehicle Manager. It’s a great way to stay up to date on maintenance, track the value of your vehicle and more.

More auto financing resources for you

How to refinance a car loan

Refinancing a car loan can be straightforward and convenient if you follow these steps.

Is an auto refinance right for you?

Looking for a lower interest rate? Want to pay off your loan sooner? Refinancing may be a good choice.

About the auto loan approval process

Ready to purchase a car? Here are some useful tips to help you get started.

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  1. Refinancing is available in the following states: Arizona, Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin, Wyoming

  2. There may be title and/or registration fees which are determined by state.

  3. Monthly payment and annual percentage rate (APR) will vary based on the term, amount financed, model year, loan-to-value (LTV) percentage, credit history and applicable fees. Payment example: for an amount financed of $30,000 over a 60-month term, monthly payments would be $616.22 at an APR of 8.55%.

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Offers are subject to credit approval. Rates are subject to change. Additional restrictions may apply. Member FDIC.