Auto Refinancing in Arizona (August 2025)

Lower your APRs with auto refinance in Arizona

Stuck with a car loan that has you paying high monthly payments? Stop overpaying today - refinance your Arizona auto loan with Way.com and save thousands over your loan term!

Some benefits of refinancing include:

• Get lower Annual Percentage Rates (APRs)
• Get lower monthly car loan payments
• Take a payment vacation or defer a payment
• Extend or shorten your loan term
• Buy out your car lease at the end of the term
• Add a co-signer or co-borrower to your new loan
• Refinance to get bi-weekly payments and hardship plans

Auto Refinance in Arizona - Start Saving Money Today

Too many Arizonans are finding themselves locked into bad auto loans - with high APRs, monthly payments, and inflexible loan terms. Between this and rising vehicle expenses, your wallet could be empty before the end of the month.

Don't worry - replacing your auto loan is now less of a hassle with Arizona auto refinancing!

• Auto refinancing in Arizona lets you take a new loan with better terms and conditions while paying off the old loan.
• The new loan will typically have a lower APR , better loan term , lower monthly payments , and much more benefits.
• The new lender will pay off the remaining loan balance with the old lender , which lets you start paying reduced monthly payments on the new loan.
• The new Arizona auto refinance rates give you the benefit of choice . You can choose from several pre-qualified refinance offers that fit your budget.

Why Should I Refinance My Arizona Auto Loan?

When financing your vehicle from a dealership or bank, you may not have much choice but to sign on for the APR they offer. You might have a bad credit score or may be in too much of a hurry to pay attention to the details.

Over time, you may realize that the monthly payments are too expensive. However, if your credit score and financial position have improved, you can refinance your Arizona auto loan and get the following benefits:

• Get lower APRs: With a better credit score (above 700), you can get lower Arizona auto refinance rates.
• Reduce your monthly payment: With good credit, you can save between $80-150 every month.
• Add or remove a co-borrower/co-signer: If you're struggling with loan repayment, refinance your Arizona auto loan to add a sibling or parent as a co-borrower or signer.
• Get cash-out refinancing: If you own positive equity in your car, you can borrow an amount equal to the resale value while receiving a portion in cash.
• Include more benefits in your loan: Add Guaranteed Asset Protection, Vehicle Service Contract, and other benefits to your refinanced loan.
• Buy out your lease at the end of the term.

How Much Can You Save Through Auto Refinance in Arizona?

On average, borrowers who refinanced their Arizona car loans have reduced their APRs by at least 1-2% and saved between $800-$1500 every year.

The amount of savings through refinancing can vary for each individual. The new refinance APR often depends on factors like credit score, payment history, loan-to-value ratio, debt-to-income ratio, and more.

When Should You Refinance Your Arizona Auto Loan?

You can technically refinance your Arizona car loan any time after taking it. However, experts recommend waiting until you meet certain conditions:

Before researching for Arizona refinance rates, ask yourself these questions:

• Have at least 6-12 months passed since you took your current loan?
• Has your credit score increased above what it was at the start of the loan?
• Do you want to reduce your monthly payments and save money on your auto loan?
• Do you want to get rid of certain terms/clauses in the auto loan?
• Do you want to add/remove a co-signer or co-borrower to your loan?

What Documents Do You Need to Refinance Your Arizona Auto Loan?

Don't you just hate when you get asked a dozen different official documents when trying to sign up for a loan? We've made a list of all the essential loan documents you need to keep ready before refinancing your car loan in Arizona:

Personal Financial Information

• Driver's License
• Credit score
• Social Security Number
• Proof of Income: Pay stubs, tax returns, or bank statements can serve as income proof.
• Proof of Residence: Property tax bills, mortgage statements, auto insurance policies, and utility bills are examples of residence proof.

Current Loan Information

• 14-day payoff amount: Call your lender and ask for the 14-day payoff amount to know how much the remaining loan balance is.
• Car Loan-to-value ratio: The LTV will tell you if you have positive equity in the vehicle. If you don't, it means you are 'underwater' and cannot refinance.
• Loan term remaining: At least six months should have passed since you took the loan, and you should have at least a year remaining.
• Prepayment penalty: Some lenders will penalize you up to 2% of the loan balance if you close early - so get that clarified with your lender.

Vehicle Information

• Make and Model
• Year (Age)
• Title
• Vehicle Identification Number (VIN)
• Proof of Car Insurance

Auto Refinance in Arizona: Eligibility Requirements

Your car will likely be eligible for auto refinance in Arizona if it meets these criteria:

• The car is less than 10 years old (varies depending on the lender)
• The car has a mileage of less than 100,000 (varies depending on the lender)
• You have a verifiable income source
• You have a valid driving license
• You have a valid registration
• You have full coverage insurance
• You have a consistent payment history on your current loan

Average Auto Refinance Rates in Arizona

*The above rates are averages: individual rates may vary based on credit scores, risk profile, payment history, loan balance, and more. Borrowers with excellent credit may get even lower rates than shown.

How to Refinance Your Arizona Auto Loan with Way.com

Step 1: Find how much you can save

To understand if refinance will work for you, use an online auto refinance calculator. Input your desired APR and loan term, and check if your new payment is lower than the current one. If it is, then auto refinancing can benefit you a lot!

Step 2: Pre-qualify and compare multiple rates

To get the best auto refinance rates in Arizona, don't stick to one lender. Use Way.com to shop around with multiple lenders and compare their rates and offers. Pre-qualification barely takes minutes and won't affect your credit score!

Step 3: Lock in your rate and start saving

Once you find a deal that fits your budget, lock in your rate and apply for formal approval. Be prepared for a hard credit inquiry by the lender. While it will affect your credit score by a few points, you can easily build it up in a few months.

How to Refinance Without Hurting Your Credit

If you have a bad credit score, you may not want to ruin it further when applying for Arizona auto loan refinancing. Unfortunately, there will be at least a slight dip in your credit score during the hard credit inquiry.

However, you can reduce the impact on your credit score in the following ways:

• 'Rate shopping' within a certain date range: Credit bureaus consider all credit inquiries in this window as one single inquiry. For example, FICO allows a rate-shopping window of 45 days , and VantageScore has a window of 14 days.
• Pre-qualify for offers: Lenders only use a soft credit pull for pre-qualification, allowing you to shortlist, compare, and select an offer before applying.
• Use the free credit report from bureaus: Keep track and build you score before applying - this will reduce the impact of the hard inquiry.

Why our Arizona Auto Loan Refinance Program is great for you

At Way.com , we understand that expensive auto loans in Arizona are causing you a lot of stress. Why overpay on your car loan when you can save and spend on other important things - like repaying your mortgage, student debt, paying for the household, or daily necessities.

Way.com is simplifying car ownership across the country - starting with car payments! Our AI-enabled fintech marketplace allows you to:

• Find the best refinance lenders
• Pre-qualify for multiple offers and compare rates
• Refinance lease buyouts
• Include additional benefits like GAP, Extended Warranty, etc
• Refinance your car with bad credit

... and much more!

What is Way.com?

Way.com is the country's #1 car super app and fintech marketplace for car services. We're making car ownership affordable to millions of Americans, with more than 3 million satisfied customers so far.

You can save more than $1500/year through our auto services like:

• Auto insurance and refinance
• Airport parking and city parking
• Car wash services
• Roadside assistance and Cashback on gas

Way.com has a 4.5 rating on Trustpilot, with more than 3 million satisfied customers. The Way app also has a 4.7 rating on Google Play and 4.9 on the iOS app store.