<prompt> Human: Hello all, Im 22 Years old. Im not very versed in financial knowledge. And I just have a quick question about my auto loan. I bought my car last November, and have been making more than the minimum payments every month religiously. It started around 27.5k. With an interest rate of around 3.3. The minimum payment is 415.12have been paying 500Month. Right now my loan is sitting at about 22-23k. When if at all possible could I lower my monthly payment? interest rate? any other tips?Any advice would be greatly appreciated. Im at work right now, so I will check back to this in 2 hours when Im on lunch. Edit: I should probably have mentioned that my dad did co-sign for me if that makes a difference.  <response>: Your only real option is to refinance the loan, which is really getting a new loan and paying off the old one with the new one doesnt have to be with a different lender - if you keep the same lender its often streamlined a bit. This will get you an new term and a new rate. But you can tune your payment by adjusting that term in one-year increments.At 3.3 and only one year since the origination of this loan, dont expect to save any money with a lower rate. for example, getting 3 for a new 6-year-loan you have 6 years now, correct? would save you 4 a month if you had that same 27.5k. 