Check your current loan balance, interest rate, monthly payment, and payoff amount
Review your credit score and credit report
Compare refinance offers from banks, credit unions, online lenders, and your current lender
Gather required documents such as proof of income, proof of insurance, vehicle registration, VIN, and loan details
Apply for refinance preapproval with multiple lenders
Compare the new APR, loan term, monthly payment, fees, and total cost
Make sure the new loan improves your situation
Submit a full refinance application with the lender you choose
Provide any additional documents the lender requests
Review and sign the new loan agreement
Confirm the new lender pays off your old loan
Verify your old loan is closed and the title is transferred or updated
Start making payments on the new loan on time