How car refinancing could help you
Save money
You could get a lower interest rate, making your overall borrowing cheaper
Lower monthly repayments
Extending the loan term could make your monthly repayments more affordable, though you could end up paying more overall
Keep your car
Spread the cost of your personal contract purchase (PCP) balloon fee into monthly payments
How it works
1
Fill in Zuto’s application form to get a decision in 60 seconds
2
Zuto search their panel of lenders to find the best option for you
3
Get your quote and find out if it’s better than your current car finance
Zuto makes car refinancing simple
Getting a quote from Zuto is free and won’t affect your credit score. Compare offers from their large panel of lenders and get expert advice from their car finance experts. This means you can find a loan that works for you.
With you in mind
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Over 276 finance options from 16 lenders
Need to know
Zuto is a credit broker, not a lender.
Getting a quote from Zuto won’t impact your credit score. A hard search will only be carried out once you choose to continue with your application. This will then appear on your credit report.
You may need to pay an early settlement fee on your existing agreement when you refinance. But, Zuto will get the required details from your current lender and will help guide you through the process.
Longer loan terms may mean you pay more in interest. Always make sure the offer is right for you before you apply, and never borrow more than you can afford to repay. Make sure you can afford to make repayments for the duration of the loan. It’s a good idea to set up a direct debit so you don’t miss a payment which could harm your credit score, making it harder or more costly to get accepted for offers in the future.
You could get a better car loan in moments
See if Zuto’s large choice of lenders could find a deal that works for you
If your circumstances have changed — whether that’s your personal financial position or credit score - it could be beneficial to refinance your car loan. You could get a lower rate, cheaper monthly repayments or get help spreading your balloon payment.
Zuto works with a wide selection of lenders which means you could refinance your vehicle, even if you’ve got bad credit. Contact Zuto’s helpful team if you need to discuss your circumstances.
Technically, as many times as you like. But, too many applications could negatively impact your credit score.
You won’t be able to refinance a car that’s leased as you don’t own the car when leasing it.
Negative equity happens when your car is worth less than the amount you still owe in loan repayments. You can still refinance your car, although the new agreement will be based on your outstanding amount rather than the vehicle’s value.