How do I refinance my car UK?

how do i refinance my car Blog

Check Your Eligibility in 60 Seconds

Car refinancing is the process of paying off an existing car loan with a new loan, usually with a different lender, in order to obtain a lower interest rate, lower monthly payments, or both. This can be a good option for individuals who have improved their credit score or who have experienced a change in their financial situation since taking out their original car loan.

“Car refinancing is the process of paying off an existing car loan with a new loan, usually with a different lender, in order to obtain a lower interest rate, lower monthly payments, or both”

What is the refinance process?

When you refinance your car loan, you will go through a similar process as when you applied for your original loan. This includes submitting an application, providing financial information, and going through a credit check. The new lender will use this information to determine your eligibility for the refinance and the terms of the loan, such as the interest rate and monthly payments.

When shouldn’t I refinance my car?

It’s also important to compare the potential savings from refinancing with the cost of the refinancing. It may only be worth refinancing if the savings over the life of the loan outweigh the costs of refinancing. A specialist refinance broker like ourselves can help you with this calculation.

How do I refinance my car in 3 simple steps?


It all starts with an application. Use our fast online application form to check your eligibility to access refinance.


We will get in touch with you using the details given on the application form and together we can review the options that you have available based on your personal circumstances.


We provide you with the best quote that we can find from our panel of lenders and the decision is down to you. There is no obligation to use our financial services but should you want to go ahead, then we will complete all of the paperwork necessary.

In summary, car refinance is a way to get a new loan to pay off an existing car loan, with the goal of lower interest rate, lower monthly payments, or both. It can be a great way to reduce your monthly outgoings or consolidate balloon payments.

Check Your Eligibility in 60 Seconds

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Carol St Clair
Carol St Clair
Absolutely brilliant company. Everything explained and sorted for me from start to finish. Will definitely recommend these guys. Thank you from a very happy customer 😁
idrees ali
idrees ali
Kirsty provided a fantastic service, would recommed to everyone. Happy motor finance
Matt James
Matt James
Brilliant help , very stress free experience. Highly recommend , Damien was excellent from start to finish .
Andy Ryan
Andy Ryan
Absolutely outstanding service from Damian at Happy Motor Finance, start to finish 48 hours everything was explained and was an easy process. Highly recommended and cheers Damian much appreciated!
Victoria Sumner
Victoria Sumner
Amazing service from Leon and a new car sorted in less than a week.
Peter Killiard
Peter Killiard
I could make this very very long winded but I won’t. I’ll just say that Kirsty and the team gave me the best customer service and buying experience ever. Thank you very much and I’ll be back when it’s time to upgrade.
Barry O'Brien
Barry O'Brien
Kirsty was very patient, I don’t think I was an easy customer, I can’t remember how many cars I looked at, there was no pressure and Kirsty was extremely helpful and nothing was too much trouble, we eventually got a great deal on my ideal car, Thank you Kirsty
Jack Scorey
Jack Scorey
Leon was great! Fast responses to questions and always happy to help. Very quick process from start to finish. I would recommend this company to anyone.
Kyle Dann
Kyle Dann
If I could give 6 stars I would, team member Yaz has been the most help from any finance company I’ve tried in getting a new car and helped me out massively. Top man and a top company would massively recommended.
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Company Name & Contact Details
Happy Motor Finance
Clippers House
Clippers Quay
M50 3XP
0161 524 0582
Happy Motor Finance Limited is registered in England and Wales under company number: 14387669. Registered office address: Clippers House, Clippers Quay, Salford, England, M50 3XP

Happy Motor Finance Limited (FRN - 989250) is authorised and regulated by the Financial Conduct Authority. We act as a credit broker not a lender. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. (Written Quotation available upon request). Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow) this will not affect the rate you are offered or the amount you will pay back. The lenders we work with could pay commission at different rates. All finance is subject to status and income. Terms and conditions apply. Applicants must be 18 years or over. We are only able to offer finance products from these providers.

Happy Motor Finance Limited are registered with the Information Commissioners Office under registration number: ZB408604

VAT Number: 456 0212 21
Specialist Automotive Finance Approved
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