Whether your payments are too high, you don’t like the interest rate, or you just want to see if you can get a better deal now that your credit has improved, there are many reason why you would want to take the steps to refinance your car loan.

Everyone who refinances their current car loan has a reason why they decided to. Here are the top 4 answers we have found as to why others feel it is a good idea.

1. Your Credit Score has improved.
2. Rates are lower.
3. You want to lower your payment.
4. Conditions of the market have improved and you would like to take advantage of it.