When you are financing a car can reach the point where you want to refinance to get a better annual percentage rate (APR) and a down payment, if possible. Refinancing a car similar to refinancing a home you try to get a new loan, but at a better pace. When you have credit problems, this can be difficult. However, there are ways to refinance your car even if you have problems with your credit today.

Improve your credit score as much as possible before you try, you can refinance your loan. It may be helpful to talk with a credit counseling agency to see the best way to pay the debt and improve your score. If you can get the highest score, you can get better in April when you refinance your auto loan. Consider refinancing your car to stay until you can improve your credit score.

Refinance the loan with a cosigner. Find a family member or friend who not only has a good credit rating, but is willing to take responsibility for a loan. While you will still make the payments, which will be responsible for any default on the loan, so be sure to choose this option with caution. However, having a cosigner with good credit will help you refinance your loan even if you have credit problems.

Offer to put much money down on the new loan as you can. A deposit on the new loan will not only help reduce car payments in the future, but can also help you get the loan you need credit problems, even if. You can also get a lower finance charge per month if the lender sees you make an effort to pay as much as you can about the car.