Chrysler Refinancing (August 2025)

Save more money every month on your Chrysler auto loan

By refinancing your Chrysler with Way.com, you could:

• Lower the APRs on your Chrysler loan
• Lower your monthly Chrysler monthly payments
• Add or remove a co-signer/co-borrower
• Refinance and buy out a Chrysler lease
• Change your Chrysler car loan conditions
• Defer a payment or take payment vacations

What is Chrysler refinancing?

The Chrysler brand is famed for being dependable, reliable, and providing great value for money to its car owners. But no matter how great a deal you got on the Chrysler car loan, rising prices can quickly make you feel uneasy!

The worst feeling is finding out that you were overcharged on your loan and are paying expensive monthly payments! But don't fret - there's always a solution.

• Chrysler refinancing offers you a way out by replacing your current expensive loan with a new one - usually with a lower APR.
• The new lender signs you on for a less expensive loan and will pay off your current loan, freeing you from the costly payments.
• Depending on the lender and your personal financial profile, you get to save at least $80-150 every month or more.
• If you refinance with the right lender, you can slash your interest rates and save as much as $1850 annually.

Why should I refinance my Chrysler?

Whether you financed your loan through Chrysler Capital, a bank, or a dealership, you may feel the need to reduce your APR. In addition, the rising prices in the economy may be eating into your finances and force you to look at ways to reduce your expenses!

If you have a great credit score and a consistent payment history, refinancing your Chrysler could save you a ton of money in the long run. You could:

• Lower your Chrysler interest rate: Reducing your rate by just 1-2% can save you thousands in the long run by reducing interest charges on the principal.
• Lower your Chrysler monthly payment: Save more every month to spend on student debt, mortgages, household expenses, and more.
• Add or remove a co-borrower/co-signer: Repaying a Chrysler loan on your own can be hard. Refinancing lets you add a sibling, parent, or spouse to help you close the loan quickly.
• Add more benefits to your loan: Insure your Chrysler vehicle against damages with GAP insurance, Vehicle Service Warranty, and more.
• Get cash-out refinancing: Want cash for a financial emergency? You can get a cash-out loan based on your Chrysler's current resale value.
• Buy out your Chrysler lease at the end of the term.

How much can you save when refinancing your Chrysler with Way.com?

Refinancing depends a lot on the credit profile of the individual. For example, some factors that determine the savings include:

• Applicant's credit score
• Remaining loan term
• Pending loan balance
• Loan-to-value ratio of the car
• Debt-to-income ratio of the applicant

However, refinancing your Chrysler with the right lender can save you up to $1850 annually - which means more than $100 saved every month! With the average auto monthly payment in the US crossing $600, every penny saved will count in the long run.

When should you refinance your Chrysler?

The sweet spot to refinance a car is ideally between 12-18 months after the original loan starts. However, there are some other criteria you should consider before signing on to refinance:

• At least 6-12 months should have passed since you took the original loan
• Your credit score should have increased to more than it was when you first applied
• You should have built up a consistent payment history and cleared all pending dues
• You must be expecting a financial crunch shortly and want to save for a rainy day
• You want to change the loan terms and add a co-signer or co-borrower

Chrysler Refinance Rates (June 2023)

What Chrysler models can I refinance?

You can refinance almost any Chrysler model in the market today. Some popular models in the country include:

• Chrysler 300
• Chrysler Pacifica
• Chrysler Voyager
• Chrysler 200
• Chrysler Town and Country

What documents are required for Chrysler refinancing?

Have the following details and documents ready before you shop around with lenders. It will help you breeze through the refinance process and qualify for the best rates quickly.

• Your credit score : Aim for a score above 650 to get good rates - but a score above 700 will get preferential rates and help you get pre-approved easily.
• 14-day payoff amount : Call your lender and ask for the remaining loan balance, including the next 14 days' principal and interest.
• Loan-to-value ratio : The LTV ratio will tell you whether you are 'upside-down' on the car loan. If you are upside down, it will be harder to refinance.
• Loan term remaining : You should have at least a year left to repay the existing loan for refinancing to be effective.
• Prepayment penalty : Make sure that your existing loan provider does not have a clause penalizing you for paying off the loan early.

Also keep your other details ready, like:

• Vehicle information: VIN, title, registration, number, and mileage
• Income information: Salary slips, pay stubs, and tax returns
• Personal information : Driver's license and Social Security Number

Will my Chrysler be eligible for refinancing?

Most lenders don't have very strict eligibility requirements. All you need to ensure is that your registration, licenses, and other details are in order. Other criteria include:

• The car must be less than 10 years old (can vary for some lenders)
• It must have a mileage of less than 125,000 (varies depending on the lender)
• You have a valid driving license
• You have a valid registration
• You have a consistent payment history on your current loan
• You have a verifiable income source
• You have full coverage insurance

How to refinance my Chrysler with Way.com

Step 1: Estimate the possible savings

Use an online auto refinance calculator to find your new monthly payment and whether it is worth it to refinance.

Step 2: Pre-qualify for multiple offers

Shop around, pre-qualify with multiple lenders, compare rates and shortlist the best.

Step 3: Choose an offer and start saving

Choose one that fits your budget the best, apply for refinance, and submit the required documents. If everything is in order, you will be approved in just a few hours.

Can you refinance a Chrysler with bad credit?

Yes, you can even refinance a car with a bad credit score. However, it is not recommended because it involves a lot of compromises and complexities on your part. Bad credit refinancing is mostly for applicants with previous bankruptcies, repossessions, defaults, or late payments on their credit records.

Some compromises you may have to make include:

• Making a larger down payment at the time of refinancing
• Onboarding a co-borrower or co-signer
• Searching for lenders specializing in bad credit loans
• Settle for a higher APR (which could affect your savings in the long run)

Why our Chrysler Refinance Program is great for you

At Way.com , we know that financing and maintaining a Chrysler isn't easy. Even if you want to save, the rising monthly payments, insurance premiums, and gas prices might make it impossible to do so! That's where we can help.

Way.com is simplifying car ownership in America - starting with your car payments! Our AI-enabled fintech platform will help you:

• Get connected to the best refinance lenders
• Compare offers and rates from multiple lenders
• Refinance lease buyouts
• Include additional benefits like insurance, extended warranty, etc
• Refinance with a bad credit score

... and much more!

What is Way.com?

Way.com is the country's #1 auto super app and car services marketplace, making car ownership affordable to millions of Americans.

Whether you own a sedan, sports car, hatchback, truck, motorcycle, or RV, the Way.com auto super app can help you save at least $1000/year through our following services:

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

We have a 4.5 rating on Trustpilot and a 4.7 rating on Google Play and 4.9 on the iOS app store.