You love your car. The loan that came with it? Not so much. Here are four good reasons to consider refinancing your auto loan.

• Interest rates have gotten lower.

Have rates dropped since you bought your vehicle? If so, you may be able to save thousands of dollars in interest by refinancing your loan to a lower rate.

• You need a lower monthly payment.

Do you need a little more breathing room in your monthly budget? Refinancing your loan can help. Not only could you get a lower interest rate, but you may also be able to extend the term of your loan to get the payment you need.

• Your financial situation is better than it was when you got the loan.

Have you improved your credit score or paid down debt? Way to go! Both of those things affect the interest rate you qualify for. If you’re in a better spot financially, you may be able to save thousands by refinancing to a loan with a lower interest rate.

• You want to remove a co-signer.

If you needed a co-signer on your original car loan, you may be able to refinance your vehicle into your name only.