Most people think that a car loan can be refinanced, but this is not true. Don’t feel bad because this a very common misconception made due to the common practice of refinancing a home mortgage. The reason for this is that a mortgage is a loan for a property, which is considered to be an asset or appreciating asset whereas a car loan is financing for a vehicle which is considered to be a depreciating asset. At CA Lending®, you may trade in your vehicle after 12 monthly payments or 26 bi-weekly payments and obtain a new vehicle with a car loan at a substantially reduced interest rate, regardless if you have good credit, bad credit, had a bankruptcy or are in a consumer proposal. So Apply Today and get Approved!