There are several reasons that someone may refinance their automobile loan.  The first reason is that they may have had first credit when they got the auto finance.  In the years since they got their car loan refinancing, they have worked hard and have been diligent enough to bring their credit rating to a more positive standing.

Now they wish to be rewarded for their hard work by attaining an automobile refinance with a better rate and more attractive terms.  Other buyers that qualify for auto refinancing include those that have made the auto buying purchase one of an emotional purchase in the past.  Many buyers have found that this is an easy thing to do.  Especially when pressured by unscrupulous salesmen and finance managers at the car dealership.

These slick professionals realize that this is an emotional purchase and push the unsuspecting car buyer into loans that include terms and rates that they are overqualified for, making them over paid for the car of their dreams.  However, online  bad credit auto refinancing lenders are typically able to help these people out of their bad car loans and into a refinance car loan that more adequately matches their needs.