3. Financial Troubles
If you are among those who've found themselves in a tight financial situation, it may also be a good time to look into refinancing your auto loans to lower your payments.
4. A Change in Personal Status
In addition to saving money, you may have the option to change the status of owning your loan. In other words, you can refinance to remove any original co-signers from your loan, and have the entire loan in your name.