Working with the best auto refinance companies is critical if you plan to refinance your existing auto loan. You need a company you can trust that is going to offer you competitive loan options to fit your financial goals. How do you know who to turn to and trust? RefiJet works hard to ensure you have options by prescreening your information against the criteria of multiple lenders nationwide. Before you choose, learn what we can do for you.

Ready to find out how we can help you? If you know you need an auto refinance loan and want a personalized quote, it takes just a few minutes. Simply fill out our form now, and we’ll provide you with options that match your unique situation and loan requirements. It’s fast and easy – and it is customized to meet your needs. There’s no better way to find out what you qualify for than working with us right now. If you qualify, we will provide you with a list of auto refinance loans to select from based on your goals – lowering your payment, lowering your interest, or other opportunities that may be available.

Which Are the Best Auto Refinance Companies?

Is there one lender that is always better than the next? No, not in most situations. Whether you choose to work with your local lender, RefiJet, or another finance company, there are some things you need to consider when it comes to the best auto refinance companies out there. The question is, what makes some companies a better fit for your needs? Here are some factors to keep in mind as you compare

Credit Scores and Reports

Nearly all lenders need to have access to your credit report and credit score before they can decide about whether or not to lend to you. However, some companies use a soft pull rather than a hard inquiry. What is the difference? A soft pull does not harm your credit score. It provides information to lenders about who you are and what your creditworthiness is likely to be but doesn’t show up as an inquiry on your credit report. That’s what we use at RefiJet to provide you with a list of available offers that may fit your needs.

On the other hand, a hard inquiry may affect your credit score. Once we provide you with information on the options for which you likely qualify, then you can decide if you want to proceed with having RefiJet submit your application to the lender for approval. Only then, and with your permission, will there be a hard pull on your credit.

Refinance Rates

Let’s face it – most people who want to refinance their auto loan need and want a low rate. As you compare all the companies out there, be sure to look at interest rates carefully. The lowest rates mean the best possible opportunity to provide you with an affordable loan – low rates can mean lower payments and less interest building over time on the loan. Low rates mean a less expensive loan – and that means it costs less to pay for your vehicle. When refinancing your auto loan keep in mind that rates may change over time, and that change could impact your qualifications or the benefits a loan may offer to you.

Loan Terms

A longer-term on a loan may provide you with a bit more flexibility. For example, when you refinance your loan, you may be able to extend the loan term. That typically means payments are smaller because you have more time to pay off the debt. Longer terms are a good thing for those who want to reduce what they are paying each month. However, when you consider a longer-term, be sure to consider the overall cost of financing, which is the total interest charged over the life of the loan.

Loan Amounts

It is a good idea to know if the lender requires a specific loan amount as the minimum. Many times, it is not financially beneficial to a lender to offer to refinance the loan if the amount owed is very low. Many lenders have a minimum loan amount to consider. If you are unsure about loan amounts, look at your current loan to determine how much you owe.

Car Worth

How much your car is worth also plays a role in the availability of auto loan refinancing options. It is important to note that most lenders will extend a loan based on what a car is worth at the time of setting the terms of the loan. If your car is no longer valuable, perhaps because of an accident, the mileage is extremely high, or the vehicle is very old, the lender is unlikely to offer a loan to you. If your car is not worth at least the value of the existing loan, that may also play a role in the availability of auto refinancing opportunities.

Good Customer Service

As you think about which company to work with when it comes time to refinance an auto loan, there are many things that matter, but customer service should be one of the things you do not overlook in terms of importance. Having a team, you can call and talk to when there is a concern is very important. Many times, borrowers want to be able to refinance their loan fast and easily, but they need a few questions answered or want to talk to someone over the phone. RefiJet makes that possible. We aim to provide exceptional customer service to our customers every time they reach out to us! We have live auto refinance experts with whom you can speak when you need information or assistance.

Do You Have Questions about the Best Auto Refinance Companies?

You need an auto loan that works for your needs now, and in the future, so you don’t have to worry that you did not obtain the best loan possible. RefiJet can make that possible. Here are some answers to borrowers’ common questions about the process and the lenders they work with to help you refinance.

Can you refinance your auto loan?

Your ability to refinance depends on factors such as your credit history and strength, your income, and the value of your collateral. Each lender has slightly different guidelines for what they will approve and how they set loan terms, such as interest rate, maximum amount financed, and maximum loan term. When you start to refinance with RefiJet, we evaluate your situation against all our Lenders’ criteria to find the best options for which you qualify. There are some situations where there isn’t an option that gets you a lower rate or when there isn’t a lender who will allow a high mileage vehicle, but we will let you know your options. If you don’t qualify at first, we are happy to re-evaluate your options at a later time when your situation has changed.

Should you refinance a loan to a new lender?

First, start by identifying your financial goal. It makes sense to evaluate refinance options if you feel your credit or income has improved, you want to add or remove a co-borrower, you want to add protection products, such as GAP or Extended Service Contract, or you feel you didn’t get the best loan structure when you purchased your vehicle. Or, if you are about to end a lease and want to purchase the vehicle, a refinance loan can help you do that.

Do all lenders work with all credit scores?

No, that’s not always the case. There are plenty of lenders that will only work with people who have excellent credit scores. You may find an lender that is willing to work with you if your score is less than perfect. The key is to know that at RefiJet, you are going to get offers customized to you. These are lenders willing and able to work specifically with you based on your current credit score as well as other factors.

Can you refinance with the original loan lender?

In some cases, you may be able to do that. However, many lenders won’t refinance their own loans. It’s often wise to consider what’s out there from multiple lenders before deciding on which offer is best for you.

How RefiJet Works

Let’s face it – you have a lot of options when it comes to applying for car loans, credit cards, and mortgages. It’s not always easy to see how one company stands out from the rest. While you may want to work with the best auto refinance companies, you also want to know what makes them truly the best.

Here are some important facts about RefiJet that may help you make the best decision for your needs.

A Solid BBB Rating

Aside from the products and services we offer, RefiJet is committed to industry-leading customer service. That is just one of the reasons we have an A+ rating with the Better Business Bureau. We also have the highest rating of any auto refinance company on LendingTree based on our customer service. So what does that mean to you?

• Our auto refinancing experts are available by phone to answer your questions throughout the refinance process.
• We handle evaluating your options with multiple lenders, so you don’t have to submit multiple applications.
• We assist you through the process of closing the loan and signing the paperwork.
• The whole process is done by phone and your smartphone or computer. No need to go to a bank or lender.
• You can expect us to do everything we can to make the entire process as smooth as it can be for your needs. It’s just what we do.

We Help you Find the Best Rates Available to You

Another reason to work with RefiJet is our commitment to helping you to get in the best position for which you qualify. We work with our national lender network to find our customers the best rates or loan structure available based on what you qualify for – and that means giving you the best ability to achieve your financial goals with refinancing your auto loan.

We’re a People-Focused Company

The products and services we offer to our clients are a priority. However, we also value our people just as much. What you may not know is that we recently won awards for the Inc 5000 and Best Places to Work by Denver Business Journal. We provide our customers and our employees with the very best services possible.

Our Technology Lets Us Do It All

Another one of the core reasons to choose RefiJet over others is because we have designed our systems to protect your private data at all stages of our process. So, while our technology matches your information with the best options we offer, it also allows you to feel safe and secure.

Our Customers Speak for Us

One look at our customer reviews will help you feel confident about working with RefiJet. We continue to work to meet and exceed the needs of our customers. There is no better time than right now to find that out. Just check out our reviews and what people have to say about our company. After doing so, we are confident you will find RefiJet to be one of the best auto refinance companies around. You may find this is one of the best investments you can make in your financial health.

RefiJet Makes It Easy

As you look for the best auto refinance companies, know that RefiJet is here to help you. All you need to do is to fill out a form on our site to get the process started. You will get customized auto loan refinance options that better fit your needs. It is a fast and easy process. Best of all, there is no obligation to work with us if you decide not to complete the refinance loan. There is no cost to using our services. Take the time to request a quote from us today to find out what offers we can provide to you.