If you are currently paying high interest rates on your vehicle loan, refinancing may be the right option. There are several benefits to refinancing your auto loan. You can save money on your monthly payment and the total amount of interest you will pay. According to some estimates, refinancing your auto loan can save you $3,120 or more over the life of the loan. The amount of savings you realize will depend on the interest rate on your original loan.
RateGenius
RateGenius is an online service that compares auto loan companies. The site offers competitive rates and multiple financing options. It allows you to apply for a loan and get up to four offers in minutes. RateGenius also offers refinancing options for used cars. To apply, all you need to do is have a credit score of 500 or higher, be a legal US resident, and be at least 18 years old.
RateGenius can help you get the best auto loan or lease deal by comparing the best current auto refinancing rates from dozens of lenders. The company offers options for people with bad credit, and you can even include co-applicants to boost your loan’s interest rate.
The site works with lenders from all 50 states. RateGenius is accredited by the Better Business Bureau and has an A+ rating. If you’re worried about the accuracy of the information you provide on the site, you can always chat with a customer service representative to get assistance. The service also provides a calculator to calculate your monthly repayment.
RateGenius is an online comparison site that partners with over 150 lenders in the U.S. and matches borrowers with lenders. It has a 4.9 overall customer satisfaction rating, and has over 8,700 certified customer reviews. RateGenius has a good reputation in the market, with many happy customers recommending the service to others. And thanks to its massive lender network, it has helped many people save an average of $78 a month.
The site offers a number of loan terms, with loan terms ranging from 24 to 87 months. Although a loan term longer than five years is not recommended due to car depreciation and interest rates, a long term loan can help you reach a manageable monthly payment. If you’re looking for a refinance loan, RateGenius can help you find the best loan with the lowest interest rate.
RefiJet
RefiJet is a company that helps car owners refinance their auto loans. This company works with many lenders and has experts who can help their customers choose the best option. You can contact them through their website, telephone, and email. The experts will call you and check your financial information to ensure that you’ll be approved for the right refinancing option. To get started, you’ll need to provide the lender with your gross annual income and monthly rent, along with the amount of the loan you want to refinance. After submitting your information, you’ll receive a prequalification offer in a matter of minutes.
When you choose RefiJet, you’ll be matched with a financial expert who will walk you through the refinancing process from start to finish. Once the application is completed, your financial expert will help you complete the paperwork and make sure that everything is up to date. Your payment schedule will be reset to accommodate your new repayment schedule.
RefiJet helps first-time auto loan borrowers with less-than-perfect credit to refinance their loan. This refinancing company offers prequalification, which results in a soft pull on your credit report. This soft pull is not a final decision and does not affect your credit score.
RefiJet has a wide network of partner lenders to help you find the best refinance option for your financial needs. They can help you with the refinancing process, which may involve multiple phone calls or e-mails. You may even be able to defer the first two payments while you’re refinancing, which is always a bonus.
The company works with various lenders nationwide to find the best refinance option for you. The prequalification tool allows you to see quotes from lenders across the country. RefiJet also does not require a hard credit check and offers a one-month payment free trial period. Additionally, you can use the refinance process to pull equity from your vehicle.
Caribou
If you are in the market for a new auto loan or looking to refinance your existing auto loan, Caribou is the right choice for you. This online company allows consumers to save time and money while refinancing their auto loan. The company has an extensive offering and strong customer support. Additionally, Caribou has been backed by some of the top financial technology venture capitalists. It also boasts an A+ rating from the Better Business Bureau.
The startup’s mission is to put consumers in control of their auto finance by providing the right tools for refinancing their car loans. Through a partnership with trusted lenders, Caribou can help consumers save more than $100 per month on their car payments. The company also aims to expand its offerings.
The Caribou Refinance Auto Loan company was founded in March of 2018. The company works with several lenders and serves people with all types of credit scores. It connects customers with lenders in their state, who can offer better rates and terms. Caribou only offers refinancing auto loans, so it does not offer financing for commercial vehicles. It does, however, allow customers to prequalify and view potential rates.
While the company’s website offers helpful information, it doesn’t have a comprehensive page of information. It also doesn’t list eligibility requirements, so it’s important to research the company before making a decision. Its customer service is available Monday through Friday, but it’s not open on weekends or holidays. Furthermore, customers must also keep in mind that their services are provided by partners who may charge additional fees.
Caribou offers a secure digital platform to complete the refinance loan application process. Customers can upload their documents online and complete the process online. It also takes care of the title transfer and pays off the previous lender. It also has partnered with auto insurance companies and offers gap insurance, extended warranties, and key replacement coverage to help customers protect themselves against unexpected expenses.
Innovative Funding Services
Innovative Funding Services match borrowers with lenders and offers financing for company car purchases, lease buyouts, and refinancing. They also provide warranty protection, roadside assistance, and Guaranteed Asset Protection coverage. These services are available to borrowers across all 50 states.
These companies offer loans to individuals with a variety of credit situations, such as those with bad credit, those with a lease buyout, or individuals with high mileage. They match customers with lenders who are qualified to meet their needs. The basic requirements for qualifying for a loan with Innovative Funding Services include a minimum credit score of 500, a $1,500 monthly income, and ownership of a car for at least six months.
Innovative Funding Services are auto loan refinancing companies based in Cedar Park, Texas. They offer loans for vehicles up to $100,000. These loans are secured loans, meaning that the lender has collateral backed by your vehicle. If you fail to pay off your loan, it can be repossessed, so you should understand the terms of a secured loan before applying.
One of the main benefits of applying for auto loan refinancing with Innovative Funding Services is that they do not charge loan origination fees. Some lenders will charge you a fee, and they can range from 0.5% to 5% of the loan amount. The company may also charge prepayment or late payment fees, which could reduce the amount of interest you save.
OpenRoad
If you’re looking to refinance your auto loan, OpenRoad Lending is an option that may be a good fit for you. The company works with a variety of lenders, including many that specialize in helping people with bad credit. Applicants with as little as 500 credit score may be able to qualify for a car loan, but they must meet certain income, employment, and collateral requirements. The application process is simple, and the company offers quotes from multiple lenders.
The OpenRoad lending process is entirely online and includes a pre-qualification and funding loan. The company is not affiliated with any bank, so the application process does not require a visit to a branch. However, you should keep in mind that a soft credit check may be performed by OpenRoad Lending partner lenders. This process can temporarily lower your credit scores. In addition, a pre-qualification offer may be conditional or dependent on you providing additional information.
OpenRoad Lending is a Texas-based marketplace that connects consumers with lenders. This company specializes in auto loan refinance and has lenders in 43 states. It helps borrowers with bad credit or limited credit get a lower monthly car payment by offering multiple loan options. The company doesn’t charge application fees, but the process is fast and easy.
The best auto loan refinance companies have flexible terms and competitive interest rates. They also consider the state of your car, your credit score, and the length of your loan to determine the best loan for you.
