---
id: faq-0007
title: "Can I refinance my existing car loan?"
category: faq
subtopic: financing
page_type: faq
source_url: "https://www.castlecadillacmchenry.com"
tags: ["financing", "refinance", "loan"]
questions:
  - "Can I refinance with you?"
  - "How does refinancing work?"
  - "Will refinancing save me money?"
related: [interest-rate, monthly-payments, loan-terms]
dealer: Castle Cadillac McHenry
---

Refinancing replaces your current loan with a new one, usually to lower your interest rate, reduce your monthly payment, or change your loan term. If your credit has improved or rates have dropped since you bought your car, refinancing could save you money.

Castle Cadillac McHenry's Finance team can evaluate whether refinancing makes sense for you. They'll compare your current loan to new options and show you the potential savings in writing.

To explore refinancing possibilities for any vehicle, call (779) 265-4427. Our team will review your situation and let you know if you could benefit from a fresh loan.