Can I refinance my car with the same lender?

 Refinancing with the same lender comes with a lot of perks as well. They already have the paperwork from when you first took out the loan, so you needn’t submit your personal details again, reducing your application time. You may already be familiar with the financial advisers and may share a good rapport with them, and you needn’t pay too much as prepayment penalties for closing the current loan.

That being said, just because you can refinance your car loan with the same dealer doesn’t mean you should unless they offer a new loan with a lower APR. Do not jump the gun on the first lender you know and always shop around for better deals and rates. There will be several other refinance lenders who offer better rates, better loan terms, and even more discounts. So, always look around before committing.