BILL'S ANSWER
Most lenders won't refinance their own auto loans, so don't be discouraged by your original lender's refusal to do so. Typically auto-refinancing is done through a different lender, using the new loan to pay off the original loan.
It's great that you have a perfect payment history, but be sure to know the status of your credit report before you start shopping because the more knowledge you have about your credit, the less likely you will have a finance officer stick you into a worse auto loan than you deserve. You can learn more about your credit and how to get a free credit report at: http://www.bills.com/credit-report/.
Additionally, pay close attention to the terms offered on the new loan so as not to end up in the same situation, or worse. Besides finding the lowest possible interest rates, beware of loans with pre-computed interest, balloon payments, and prepayment penalties.
We have a wealth of information on auto loans at Bills.com. I've included two links here that should provide information on the subject of auto loans:
http://www.bills.com/refinance-car-loan-articlebills/
http://www.bills.com/auto-loans/
You can also use the Bills.com online Saving Center to apply for a free auto loan quote from our pre-approved lenders.
Best of luck, and I hope this information helps you Find, Learn, and Save your way to a better loan.
Sincerely,
Bill
www.bills.com/
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