Auto Refinancing in New Hampshire (August 2025)
Refinance your Auto loan Fast and Easy with Way.com!
Save up to $1850 per Year
APR as low as 5.74%
View your pre-qualified rates* in under a minute!
Reduce your monthly payments with New Hampshire auto refinancing
Even if you ignore escalating prices, your auto loan installments may be difficult to handle. If you want to get out of a bad car loan and boost your credit, New Hampshire auto refinancing can assist you to:
- Reduce your Annual Percentage Rate (APRs)
- Get lower monthly car loan payments
- Add or remove co-signers or co-borrowers to your loan
- Take a payment vacation or defer your payment
- Have control over your loan term
- Buy out your car lease at the end of the term
- Get bi-weekly payments and hardship plans
Auto Refinance in New Hampshire - Unlock savings on your auto loan
- Borrowers in New Hampshire can use auto refinancing to replace their high-interest rate loan with a new, often cheaper APR.
- The new lender will pay off the outstanding sum of your old loan, and you will no longer be responsible for payments on that loan.
- Your monthly payments will be more reasonable with the new loan, and you could save $80-$150 depending on the interest rate.
- The best part about refinancing is the flexibility it provides. You don't have to sign the first contract you get because there are so many refinance lenders.
A refinance aggregator, such as Way.com, can assist you in shopping around with multiple lenders, comparing rates, and selecting the best offer for you.
Why should you refinance your New Hampshire auto loan?
Your car loan could have been inflated if you financed it through a dealership or a bank. This means that you may be paying more than necessary on a monthly basis. It's possible that you were told this was the best offer, or that your credit wasn't strong enough to provide you with a better rate.
Refinancing your New Hampshire auto loan can have the following benefits:
- Lower APRs: There can be significant annual savings from a 1-2% reduction in interest rates.
- Lower monthly payment: Between $80 and $150 should be set aside each month for expenses such as a mortgage, student loans, and personal loans.
- Change co-borrower/co-signer: It is challenging to repay a loan on your own; acquire a parent, sibling, or spouse as a co-borrower to ensure prompt repayment.
- Cash-out refinancing: With cash-out refinancing, you can use your car as collateral if you need cash for an emergency.
- You get more benefits like adding Guaranteed Asset Protection (GAP), Extended Warranty, and buy out your lease at the end of the term.
How much can you save through auto refinance in New Hampshire?
On average, New Hampshire auto loan refinancers can cut APRs by 1.5 to 2% points. If your credit score is great, you can save up to $1,850 a year.
However, keep in mind that refinancing your auto loan involves multiple variables, so the savings for each individual will vary. Such as:
- Credit score
- Loan amount
- Loan term remaining
- Age of vehicle
Your estimated monthly loan payment is
$684.10/mo
Monthly savings
$55.90
Difference in interest
$2683.20
When should you refinance your New Hampshire auto loan?
Want to know when the best time is to refinance? Don't go to a lender right away unless you meet some of these requirements.:
- At least 6-12 months passed since the start of your current loan
- Your credit score improved when compared to the start
- You want to reduce your monthly payments and save money on your auto loan
- You want to get rid of certain terms/clauses in the auto loan
- You want to add/remove a co-signer or co-borrower to your loan
What documents do you need to refinance your auto loan?
When looking for the best auto refinance rates in New Hampshire, it's best to have all the official loan documents ready. That will not only speed up the process, but it will also help you figure out what APR you should be aiming for.
Here's what you need:
Personal Financial Information
- Driver's License
- Credit score: A credit score above 700 gets the best rates ideally.
- Social Security Number
- Proof of Income: You can use pay stubs, bank statements, or tax returns as income proof.
- Proof of Residence: Mortgage statements, auto insurance policies, utility bills, or property tax bills can serve as proof of residence.
Current Loan Information
- 14-day payoff amount: Your lender can provide you with the remaining loan balance, including the next 14 days' principal and interest.
- Car Loan-to-value ratio: The LTV will tell you if you are 'upside-down' on your car loan (i.e., owe more than the car is worth). If so, it will be harder to refinance.
- Loan term remaining: Ideally, you should have more than a year left on your loan.
- Prepayment penalty: Some lenders will penalize you up to 2% of the loan balance if you close early.
Vehicle Information
- Make and Model
- Year (Age)
- Title
- Vehicle Identification Number (VIN)
- Proof of Car Insurance
Auto refinance in New Hampshire: Eligibility requirements
Your car will be eligible for auto refinance in New Hampshire if it meets the following broad criteria.
- The car is less than 10 years old (varies depending on the lender)
- The car has a mileage of less than 150,000 (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
The criteria may vary depending on the lender. Ensure you consult with them before deciding to refinance.
Average auto refinance rates in New Hampshire
| LOAN TERM | Excellent
Credit Score (750-850) |
Good
Credit Score (700-749) |
Fair
Credit Score (640-699) |
Poor
Credit Score (639 or less) |
|---|---|---|---|---|
| 36 months | 3.14% | 4.20% | 4.91% | 7.37% |
| 48 months | 3.29% | 4.75% | 6.55% | 9.65% |
| 60 months | 3.31% | 4.63% | 6.33% | 9.31% |
| 72 months | 3.67% | 4.51% | 6.42% | 9.43% |
*The rates given above are averages: actual 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. These rates are current as of August, 2022.
How to refinance your New Hampshire auto loan with Way.com
Step 1: Know your savings
You can first determine if it's worthwhile to refinance your car by using our convenient online calculator. You should aim to have your new estimated payment be lower than your current one.
Step 2: Consider multiple pre-qualified offers
Shop around, get pre-approved, and compare rates from different lenders before deciding which one is best for you.
Step 3: Decide on an offer and start saving
Once you decide on an offer, you need to formally apply by sending in the necessary documents. Be ready for the lender to have a hard credit inquiry on your credit.
How to refinance without hurting your credit
Refinancing your car will cause a temporary drop in your credit score. However, you can reduce the magnitude of the drop in the following ways:
- Rate shop within a certain window: Credit risk companies will count multiple inquiries made for the same reason as one inquiry. For instance, VantageScore gives you a 14-day window, but FICO gives you 45 days.
- Pre-qualify for offers using a soft credit pull: It only does a soft inquiry into your credit, so it won't hurt your score. It can help you find the best few offers and keep you from getting hit with multiple credit hits.
- Check your credit score regularly: If you get your credit score up to more than 700, the credit drop will be a lot smaller.
Why our New Hampshire auto loan refinance program is great for you
At Way.com, we understand that financing and maintaining a vehicle in New Hampshire can be difficult. You require as much assistance as possible to manage rising gas expenses, insurance premiums, and monthly loan payments.
That's why Way.com is simplifying car ownership across the country. Our AI-enabled fintech platform allows you to:
- Find and connect to the best refinance lenders
- Compare the best offers and choose the best
- Refinance lease buyouts
- Include additional perks such as insurance, warranty extension, etc.
- Refinance even with bad credit
... and much more!
What is Way.com?
Way.com is the country's leading car services marketplace and #1 auto super app, making car ownership affordable to millions of Americans. You can save more than $1500/year through our combined 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.
Auto Refinance Data Methodology
The auto refinance rates published here are based on the results of comparative research done by Way.com’s data team. We've used a mix of public and internal data to analyze refinance rates across thousands of lenders, credit scores, vehicle types, and all U.S. ZIP codes
The rates shown here are based on a national average of our findings, and may typically vary for each individual depending on your personal financial position and the US state you are in.
However, you can quickly determine where you stand by going through our Auto Refinance form. In just a few steps, find out how much you can save with way.com!
Auto Refinance in New Hampshire: Frequently Asked Questions
Which refinance provider provides the best auto refinance rates in New Hampshire?
The refinance provider with the best auto refinance rates in New Hampshire is Auto Approve. The company really does have low rates, can work with many different types of borrowers, and doesn't charge an application fee.
Which refinancing brand provides cheapest auto refinance rates in New Hampshire?
The cheapest auto refinance rates can save you money and Auto Approve in New Hampshire is your best bet in that case. Auto Approve focuses on refinancing and buying out leases, so doesn't offer to finance buying a new car. Auto Approve has one of the best auto refinance rates, with an APR that starts at 2.25%.
Who has the best used car refinance rates?
MyAutoloan provides the best refinance rates for used cars. They have got APRs as low as 1.99%. People with the best credit scores get the best rates, but people with lower credit scores can still find lenders.
What is a good interest rate on a 72-month car loan?
A 72-month car loan can have different interest rates depending on your credit score. For a credit score between 750-850, 3.67% is considered decent. For a credit score between 700 and 699 around 5% is normal. And for poor credit scores ie; 639 or less 9.43% is considered good.
How can I lower my car payments with refinancing?
If you are looking to lower your car payments with refinancing you should start by lowering the amount financed. You should do enough research and shop around for lower APR. Try to get a longer loan term and then consider leasing.
Do you find Auto refinance complex? Here is the ultimate Auto Refinance FAQ Guide with answers to all your questions!