Refinance your car or vehicle loan in Jersey.
If you took out vehicle finance when interest rates were higher, or your credit score has improved since then, refinancing could lower your monthly payment and total interest cost. We compare refinance rates from Channel Islands lenders to find a deal that saves you money on your existing car, motorcycle, or vehicle loan.
- Lower your monthly payment by switching to a better interest rate
- Reduce the total interest you pay over the life of your loan
- Consolidate multiple vehicle loans into a single, simpler payment
- Improved credit score since your original loan? You may now qualify for a better rate
- No early repayment charge on many Channel Islands loans — check your existing agreement
- Several lenders compared to find the most competitive refinance rate
Refinance range
No obligation. No credit check to enquire.
Switching your agreement
Share your existing loan details
Tell us your current loan balance, monthly payment, and interest rate. There is no credit check at this stage.
We find a better deal
We compare refinance rates from Channel Islands lenders and calculate your potential monthly and total savings.
New lender pays off the old loan
Once you accept the new offer, your new lender pays off the old loan. You then make lower monthly payments to your new lender.
When refinancing is worth doing
- Jersey or Guernsey resident aged 18 or over
- Existing vehicle finance or personal loan for a vehicle
- Vehicle typically under 10 years old (exceptions for classic vehicles)
- Provable income to support the new repayments
- Credit score equal to or better than when you took out the original loan preferred
- No current court orders or active debt management plans
Not sure if you qualify? Request a call back — we will tell you honestly what your options are before you apply. Unfamiliar with any of the terms above? Loan terms explained.
Ready to get started?
Two ways to begin — choose whichever suits you best.
No credit check to enquire
No obligation
Decision often within days
Refinance questions
Some lenders charge an early repayment fee, typically equivalent to one or two months' interest. Check your original agreement and we will factor this into the savings calculation.
It depends on your current rate and remaining balance. Even a 2% reduction in rate on a £20,000 loan saves around £400 a year. We will give you a clear comparison.
You can refinance the remaining balance of a hire purchase agreement once you have enough equity in the vehicle. We will confirm eligibility when you apply.
Enquiring through us involves no credit check. A full credit check is only run when you formally apply. Closing an old account and opening a new one may have a minor, temporary effect.
Some lenders allow you to borrow slightly more than your outstanding balance when refinancing. This can fund modifications, insurance, or other costs. We will confirm what is available.
Work out the cost first
Check the monthly payment and total cost of a quote, convert a dealer's flat rate to an APR, and see what Vehicle Emissions Duty adds if you finance it.
Open the car finance calculatorReady to get the vehicle moving?
Complete a full application online or request a call back and we will do the searching for you.
No obligation. No credit check to enquire.
Secure application
Apply Online
Complete your full loan application below. Your information is handled securely and sent directly to our team.
Application received — thank you
We've received your application details. A member of our team will review it and contact you within one business day to discuss next steps.
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Free, no-obligation
Request a Call Back
Leave your details and a member of our team will call you back within one business day. No obligation, no credit check.
Request received — thank you
We've received your details and a member of our team will call you back within one business day.
Something went wrong. Please try again or email us at info@nowagogo.com.