Many people own multiple cars, especially if they have a big family. And if the interest rates have gone down or their credit situation has improved, they may want to refinance all their auto loans to get better deals. If you also own multiple cars and are wondering, “how many cars can I refinance?” read on to get your answer.

How Many Cars Can I Refinance?

Refinancing your auto loans is a great way to get lower interest rates, especially if you own multiple cars. Some people take out auto consolidation loans to get multiple cars in a single loan. So it’s pretty easy for them to refinance these loans as they will only have to refinance one loan for multiple cars.

However, if you have multiple cars taken out on multiple auto loans, you may be wondering how many cars you can refinance at a time. There is no universal limit or law as to how many vehicles you can refinance at a time to answer your concern. If your credit situation has improved and you are on time with your monthly payments, you can refinance as many auto loans as you want. You just need to meet your lender’s requirements for auto refinancing.

Although the specific requirements for refinancing vary, here are the standard conditions by lenders for refinancing auto loans:

  • Your vehicle’s age should be less than ten years as cars lose their value over time.
  • The maximum mileage on your car should be 140,000 (varies depending on the lender).
  • The value of your vehicle should be more than the amount you owe.
  • You should meet the minimum loan requirement.
  • Your credit score should be above 580.
  • You should be paying your monthly payments on time.

If you meet all of these requirements, you can qualify for auto loan refinancing on as many cars as you want. The final decision, however, lies with the lender. They will decide whether or not to refinance your loans.

When You Should Refinance Your Auto Loan

If you have multiple auto loans and are wondering what the best time is to refinance them, below are a few situations when it makes sense to refinance your loans:

  • Your credit score has improved.
  • The interest rates have gone down.
  • Your income has increased or dipped. You may want to get lower monthly payments if your income has dropped and higher monthly payments if it has improved so you can pay off your loan earlier.
  • There are no prepayment penalties.


If you are wondering, “how many cars can I refinance” there is no limit at all. You just need to meet your lender’s requirements and apply for refinancing if it makes sense.