Best Auto Refinance Companies & Rates (2021)


RefiJet was founded in 2016 and has since become a popular auto loan refinance option for customers at different credit levels. Thanks to its partnership with more than 20 lenders, RefiJet can provide competitive loan rates and its customer service is considered to be top notch.

Credit score and car requirements

RefiJet is one of the best car refinance companies for bad credit. You can apply and get an offer with a credit score as low as 500 – although you shouldn’t expect a great APR if your credit score is in that range.

When it comes to the vehicle requirements your car must meet, the list is pretty standard: it must be no more than 10 years old or have a mileage of more than 150,000 miles.

Loan types and offers

RefiJet offers traditional auto loans, auto loan refinance, cash refinance, and lease buyout loans.

Most offers depend on the specific lender you partner with through RefiJet. Some offer loans at no cost, while others have an application fee. With RefiJet, you can borrow between $5,000 and $100,000. You can also choose the term of your loan – from 24 to 96 months.

Interest rates vary depending on your credit score. RefiJet will do a smooth check of your credit score and connect you with various auto refinance loan companies.

Refinance options at RefiJet are not limited to cars – you can also apply for refinancing of your SUV, truck or motorcycle loan.

Application process

If you’re not sure which loan is right for you, calling the customer support team is probably the best first step. RefiJet is famous for its knowledgeable customer service agents, who will guide you through the process.

You can also apply using the form available on the website and complete the whole process online. You will be asked to provide your address, phone number, email address and date of birth. This information will be used to perform a soft credit check and determine your eligibility.

Once you have been connected with lenders offering auto loan refinance, you will receive their offers and payment estimates. You will have 30 days to choose one of the proposals. Once you have submitted all the documents, it will take approximately 24 hours to be approved, and the funding will be in your account the next day.

Company reputation and support availability

As mentioned, RefiJet’s customer support is among the best around, and you can always count on the company’s financial services representatives to help you with your application. They are available Monday through Saturday via phone, email, text and social media accounts.

The company has an A+ rating on BBB, and it’s worth noting that none of the customer complaints on this site have gone unanswered. (Most of the complaints were about the company’s marketing tactics, which might be less invasive.)

Reasons to consider:

  • Excellent team of customer representatives
  • 100% online loan process
  • Loan terms up to 96 months

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