Get an instant finance quote for your next vehicle.
Refinance your current deal.
Lower your monthly payments or pay off sooner.
Your Car, Your Finance.
Refinance lets you replace your current car finance with a new agreement that better fits your goals - whether that’s reducing your monthly cost, shortening the term, or borrowing a little extra against your vehicle (subject to status and affordability).
What is Car Refinance?
Car refinance allows you to replace your current finance agreement with a new one.
This may help you change your monthly payments, adjust your agreement term, or move to a finance option that better suits your current circumstances.
Refinancing can be useful if your needs have changed since taking out your original agreement.
How refinance works
- We review your current finance agreement.
- A settlement figure is requested from your current lender.
- We look for a suitable new finance option.
- The new finance clears the existing agreement.
- You continue with the new monthly payment plan.
Why refinance?
- You may want to change your monthly payment.
- You may want a different agreement term.
- You may want to keep your current vehicle.
- You may want to review your current finance deal.
- You may need a finance option that better suits you now.
Refinance vs New Vehicle Finance
| Feature | Refinance | New Vehicle Finance |
|---|---|---|
| Vehicle | You usually keep your current vehicle. | You finance a different vehicle. |
| Existing finance | Your current agreement is settled and replaced. | A new agreement is set up for a new purchase. |
| Purpose | To review or restructure your current finance. | To fund a new vehicle purchase. |
| Monthly payments | May change depending on the new agreement. | Based on the new vehicle, deposit and term. |
| Best suited for | Drivers who want to keep their car but review their finance. | Drivers looking to change vehicles. |
Finance is subject to status. Terms and conditions apply. Refinancing may not be suitable for everyone. Concierge Motor Finance acts as a broker, not a lender.
