Just like when you refinance your home loan, when you refinance your car loan the old loan is paid in full and it is replaced by a new loan. Auto loan refinance for people with no credit, such as if you when you bought your vehicle and you credit score was below 610, the rates on your car loan could very well be much higher than the rate you would qualify for today.
Financing to Buy Your Dream Car even with Bad Credit
People that have a need for a poor credit car loan would do well by searching the various proposals that are available to them in the market right now. The best possible way to do this type of research is online.