Refinancing car payment?

[Doug Phillips]

Hi everyone,

Last year we bought a new car and although not my proudest moment, accepted an 8.20% APR. Just fooling around on credit karma, they brought up a hypothetical refinance situation that looked pretty appealing but I've never used this tactic nor known anyone to refinance their car payment. Has anyone ever done this or have any information about it such as when that might be available, etc? Thanks!