Does refinancing an auto loan count as a paid off loan?

[Anonymous]

I looked for this question being asked/answered but didn't find any results. Just got my auto loan refinanced to a much better rate/term, I'm wondering how the old loan shows up on credit reports?

[ccquest]

It'll show as closed/"Paid satisfactorily" with $0 balance.

Here's a shot of my refinanced student loan, traded in cars appear the same:

May take a few weeks for it to report again, but as far as the original lender is concerned, you did everything right and are done with them.

[OmarGB9]

Yes it does, actually! You technically paid off the old loan (well your new bank/CU did) and closed it, so assuming you didn't miss any payments prior to refinancing, it'll show as closed/paid, never late.