Can I refinance my car loan?

Yes. Refinancing replaces your current loan with a new one, ideally at a lower rate or with a different term. It can make sense if your credit has improved, rates have dropped or you got a high dealer rate. Check for prepayment penalties on your existing loan and fees on the new one, and remember that lengthening the term can lower your payment but raise total interest. Lenders often have limits on vehicle age and mileage.