How to compare auto refinance rates
APR matters, but it belongs beside term, fees, and total cost.
Use APR for price comparison
APR generally reflects interest and certain finance charges, making it more useful than comparing the note rate alone.
Keep terms comparable
A 48-month offer and a 72-month offer solve different payment goals. Compare the cost over each full term.
Check offer conditions
Rates may depend on credit, vehicle, loan amount, automatic payments, membership, location, and other conditions.