Auto Refinance Rate Trends

by RateGenius Updated on: October 15, 2019

Auto Refinance Rate TrendsEach month, RateGenius asks auto refinance lenders and industry experts to see where they believe interest rates are headed.

This month (September 2019), 20 percent of experts asked believe auto refinance rates will rise over the next month or so; 60 percent think rates will fall; and 20 percent believe rates will remain relatively unchanged (plus or minus 2 basis points).

Calculate your new monthly payment using our auto refinance calculator.


This month, will rates go up, down or remain unchanged?


Read the comments and rate predictions of auto refinance experts and RateGenius analysts below.

25% say rates will go up

Chane Steiner
CEO of Crediful, Scottsdale, Arizona
Chane Steiner
The Fed has already announced that it does not intend to raise interest rates throughout the rest of 2019. Judging by this information and the overall trend of auto refinance rates, you can expect that they should remain relatively stable throughout August and September. If there is any change, it would follow the trend towards a slight increase. That said, rates are, and will likely remain in the near future, low by historical standards.

50% say rates will go down

Gordon Polovin
Finance Expert, Wealthy Living Today, East Dennis, Massachusetts
Gordon Polovin
The USA economic policy is in a zone of uncertainty with tariffs making an impact. The fed, fearing a recessionary trend, is likely to move rates down by one-quarter of 1% in September. In this event, it’s sure to ripple through to both mortgages and auto refinancing. Therefore refinance rates are likely to edge down, or at worst stay constant in September.

Mike Scott
Senior Mortgage Loan Originator, Independent Bank, Dallas, Texas
Mike Scott
With the Fed’s move to lower interest rates at the end of July, auto financing rates should decrease. Auto financing rates tend to follow the Prime Rate, which is the Federal Funds rate plus roughly 3%.

Emily Stork
Corporate Finance, Holland & Hart LLP, Denver, Colorado
Emily Stork
It is likely that interest rates for auto refinancing transactions will decrease this month following the Fed’s somewhat surprising decision to cut the federal funds rates. But don’t expect a substantial drop in auto refinancing rates – it is more likely to be a marginal decrease.

25% say rates will remain unchanged

Roger Douville
Chief Lending Officer at RateGenius, Austin, Texas
Roger Douville
Auto refinance rates will trend down slightly in response to market pressure of lowering rates. Financial institutions are still under pressure to achieve growth goals because new car loans, mortgage loans and business lending remain flat. Competition remains fierce as banks have taken back some consumer auto loan market share from credit unions in the used car indirect lending space.

2020 Auto Refinance Rates See Today's Rates
About RateGenius’ Rate Trends
RateGenius’ panel of experts is comprised of credit unions, banks and other industry experts who provide auto refinance loans and advice to consumers. Results from RateGenius’ Rate Trends are released each month.

About The Author


A better way to refinance your auto loan. RateGenius works with 150+ lenders nationwide to help you save money on your car payments. Since 1999, we've helped customers find the most competitive interest rate to refinance their loans on cars, trucks, and SUVs.

Read More

by Stephanie Colestock

How (and Why) to Help Your Child Build Credit

Building good credit takes time, so many parents have started helping their kids earlier than ever. Most of us recognize the value — and honestly, necessity— of a healthy credit report. After all, our credit history comes into play when we buy a home, open a new credit card…

by Carter Kilmann

What Is a Lemon Law?

When life gives you lemons, make sure you know your lemon laws. When you buy a car, you have certain expectations. While every car, truck, or SUV is unique, every motor vehicle should perform as advertised. Buying a car, used or new, is already a time-consuming process. The last…

by Anna Baluch

How Does Refinancing My Car Loan Affect My Credit?

Refinancing your car loan will affect your credit but that doesn’t mean you shouldn’t consider it. If you wish your current auto loan was more affordable, refinancing may be a good option. It can allow you to replace your current loan with a new loan and save a lot…

review review

Customer Reviews

Read our 11821 Certified Reviews


apply now apply now

Apply Now

Lower your interest rate and drop monthly payments by an average of $83*/month!