More than 100K car owners refinanced their loans in Q1 2026, cutting rates by 2.

There has never been a more expensive time to own and operate a car.

In January of this year, the average new car cost $49,191 (1), and that's after prices hit an all-time record (2) in December 2025.

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Meanwhile, the days of buying a new car for less than $20,000 may be gone forever, says Kelley Blue Book (3). The last vehicle that sold below that point was the Mitsubishi Mirage, which was cancelled in late 2024 and has since sold out at dealerships.

Add in gas prices and insurance costs and it's no wonder that many vehicle owners are struggling. But as car owners look for ways to save, a growing number are refinancing their loans and saving significant amounts of money in the process.

In the first quarter of 2026, roughly 111,000 car owners opted to refinance (4) , with the average monthly savings wor

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/currencies/articles/more-100k-car-owners-refinanced-100000478.html)