Car Loans · Refinance Car Loans
Refinance your car loan, compared
Refinancing a car loan replaces your current loan with a new one, usually to lower the rate or repayment. Noddle compares refinance options across a panel accessed through the Loan Market Group platform and arranges the fit, showing the total cost so you know if switching saves money. The lender approves and funds it.
Noddle is a broker, not a lender. We find, compare and arrange; lenders approve and lend.
- Australian Credit Licence 526746
- Member of AFCA
- Servicing Australia, 100% online
- One application, many lenders compared
When refinancing is worth it
Refinancing can help if rates have fallen, your credit has improved, or your current loan carries fees you can escape. It may not help if exit fees or a longer term wipe out the saving. Noddle compares the total cost of staying versus switching so the decision is based on numbers.
Watch the term, not just the rate
A lower repayment sometimes hides a longer term that costs more overall. Noddle shows the total cost including interest across the full term, so a lower monthly figure does not mislead you.
Related pages
Frequently asked questions.
Yes. Refinancing replaces your current car loan with a new one, usually to lower the rate or repayment. Noddle compares refinance options across its panel and arranges the fit, subject to the lender’s assessment of your circumstances and the vehicle.
It can be, if a lower rate, reduced fees or better terms outweigh any exit costs. It may not be if a longer term means more interest overall. Noddle compares the total cost of staying versus switching so you can see the real saving.
Reviewing your options with Noddle does not affect your credit score. We use an Access Seeker (soft) enquiry to review your credit file, which lenders cannot see and which leaves no mark. Your score is only affected once a lender lodges a formal application, and only with your consent.
It depends on your current rate, the new rate, any fees and the remaining term. Noddle shows the total cost including interest for both your current loan and the refinance, so the saving is a real figure rather than an estimate. .
You can usually refinance at any point, though it makes most sense once any early-exit fees on the current loan are low and a better rate is available. Noddle checks your current loan’s terms and compares options so the timing works in your favour.
About the author
Joshua Wessels is the founder of Noddle and leads its broking team. He has more than a decade in Australian consumer finance and holds a Diploma in Mortgage Broking. Noddle is a member of the Finance Brokers Association of Australia (FBAA member 362825) and the Australian Financial Complaints Authority (AFCA member 81857), and operates under Australian Credit Licence 526746.
Read more about the team on the Noddle team page.
Noddle Pty Ltd (ABN 63 643 806 759, ACN 643 806 759) operates under Australian Credit Licence 526746. Noddle is a credit assistance provider, not a credit provider. We arrange loans through a panel of lenders accessed via the Loan Market Group (LMG) aggregation platform. We are bound by the responsible lending obligations of the National Consumer Credit Protection Act 2009 and regulated by ASIC. Fees and any commissions are disclosed in our Credit Guide and your written quote before you commit. Any approval, rate and amount is determined by the lender, subject to their assessment.
See your car loan options in about five minutes.
- No impact on your credit score
- Apply now in as little as 5 mins
- We compare multiple lenders for you