If you're repaying your bad credit car loan and your credit score has improved sufficiently across your loan term to date, you may be able to look around to refinance your car loan with other lenders. You’ll need to prove you’re in a better financial position than you were when you took out your loan in the first place, as well as show that you've been keeping up with your repayments consistently. One other way is to trade in your current vehicle and pay out the bad credit car loan in full, although this may cost you an early repayment fee to do so with some lenders. It's important to note that if your credit score isn't as strong as it was when you took out your loan, you can expect to pay more in interest after refinancing.