Shopping for a used car can feel like a win—lower price, slower depreciation, more options. But there’s a catch many buyers miss: your credit score can matter more than the car itself when it comes to how much you’ll actually pay.

If your used car payment feels too high, you’re not stuck with it forever. Refinancing your auto loan can be a smart way to lower your monthly bill, free up cash in your budget, and reduce financial stress—especially if your credit has improved or interest rates have dropped since you first bought the car.

Finding the right used car is only half the battle. The other half is how you pay for it—and that decision can affect your budget, your credit, and even your future borrowing options.