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1
4.8
BestGuide's Rating
- Trusted by 1M+ customers nationwide
- Over $2 billion refinanced in 2023
- Easy pre-qualification in minutes
4.7
BestGuide's Rating
- Connected to 150+ lenders for options
- Get approved in as little as 1 day
- Industry leader with 20+ years of service
3
4.7
BestGuide's Rating
- Save $1,284 annually on average
- Over 2M+ satisfied clients served
- Dedicated support for lease buyouts
4
LendingClub
This company is not rated by BestGuide
- Similar to: AutoPay
- Founded: 2006
- Headquarters: San Francisco, CA
5
Lightstream
This company is not rated by BestGuide
- Similar to: AutoPay
- Founded: 2005
- Headquarters: Atlanta, GA
6
4.2
BestGuide's Rating
- Save $150+ per month on average
- Flexible terms for all credit types
- Fast prequalification in minutes
4.2
BestGuide's Rating
- Average savings: $120/month
- Fast, no-hassle approval
- No hidden fees or rate markups
Top Auto Refinance Companies by Features and Benefits
- Best Overall: Gravity Lending »
- Best for Low Interest Rates: Tresl »
- Best for High Loan Balances: RateGenius »
- Best for Fast Approval: AutoPay »
- Best for Bad Credit: AutoPay »
- Best for Low Monthly Payments: Tresl »
- Best for Short Loan Terms: RateGenius »
- Best for Online Applications: AutoPay »
- Best for Large Lender Network: Tresl »
- Best for High-Mileage Vehicles: AutoPay »
- Best for No Prepayment Penalties: Tresl »
Frequently Asked Questions
Question:
How can refinancing my car loan save me money?
Answer:
Refinancing helps secure a lower interest rate or adjust loan terms, potentially saving you hundreds annually. Many customers save over $1,000 per year by refinancing their car loans.
Ask an expert: AutoPay »
Question:
What are the eligibility criteria for auto refinancing?
Answer:
Eligibility varies but typically depends on your credit score, income, and the age or mileage of your car. Even those with average credit often qualify for significant savings.
Ask an expert: RateGenius »
Question:
How long does the refinancing process take?
Answer:
The process can take as little as one day, though the average time is 5-7 days. A quick pre-qualification process ensures you're eligible before committing to a full application.
Ask an expert: AutoPay »
Question:
Can I refinance if I still owe a significant balance on my car loan?
Answer:
Yes, as long as your remaining loan balance is within the refinancing lender's limits. Many lenders allow refinancing for balances as high as $100,000.
Ask an expert: Tresl »
Question:
How do I qualify for a lower interest rate?
Answer:
A higher credit score, steady income, and a well-maintained vehicle can help secure better rates. Start by checking your current rate and comparing it to new offers.
Ask an expert: Tresl »
Question:
Can I change the loan term when refinancing?
Answer:
Refinancing allows you to shorten or extend your loan term, affecting monthly payments. Shorter terms save on interest, while longer terms lower monthly costs.
Ask an expert: RateGenius »
Question:
What happens if my car's value is lower than the loan amount?
Answer:
Some lenders offer refinancing even for underwater loans, but options may be limited. Focus on lenders with flexible terms for cars with negative equity.
Ask an expert: AutoPay »
Question:
Can I refinance a car loan with bad credit?
Answer:
Refinancing is possible with bad credit, though rates may be higher. Many lenders specialize in working with credit-challenged borrowers to find tailored options.
Ask an expert: AutoPay »
Question:
How do I compare refinancing offers from multiple lenders?
Answer:
Compare interest rates, fees, and loan terms. Many online tools let you pre-qualify with several lenders simultaneously without affecting your credit score.
Ask an expert: Tresl »
Our Top Picks
BEST OVERALL
AutoPay
BOTTOM LINE
Trusted by 1M+ customers nationwide
BEST VALUE
RateGenius
BOTTOM LINE
Connected to 150+ lenders for options
TOP PICK
Tresl
BOTTOM LINE
Save $1,284 annually on average