Car Refinance Fair Credit: Rates Starting at 2.49%

And No Payment for the First 2 Months

RefiJet helps car owners lower their car payment an average of $150 a month**

Pre-qualifying for a refinance auto loan does not impact your credit score

Monthly Payment Claim: This average monthly auto loan payment savings reflects loans where the borrower chose to lower their monthly payment. Not every auto refinance is intended to lower monthly payment. These savings are not guaranteed. Individual savings and rates may differ.

Car refinance with fair credit is an option for many people. Fair credit refers to a credit score between 640 and 699. If your credit score may not be the highest, but you could benefit from a loan with lower interest rates and terms, it’s worth taking a closer look at refinancing your current loan into one that’s more affordable to you. Refinancing your car loan may mean providing you with access to more affordable terms. However, even with fair credit, some lenders are likely to work with you.

Make refinancing your car with fair credit easy. You’ll learn a great deal on this page about what we can do for you. However, to provide you with accurate information about your specific qualifications, we highly recommend that you complete our form. Doing so will not hurt your credit. We use only a soft credit pull to get the necessary information for you. Then, in a matter of minutes, you’ll have a customized loan offer to choose from, if you like.

Not everyone has excellent credit. Many people get into car loans that may be too expensive for them. Or the loan may simply be too costly because of high interest rates for the long term. If you want to get a more affordable loan to you, refinancing your current auto loan may be an option. The new loan pays off the existing loan. It applies new terms that may mean more affordability. Some of these loans may save you money.

How Does Fair Credit Impact Your Ability to Obtain a Car Refinance?

Like with most personal loans, lenders need to determine how much of a risk a person is before they will provide a loan. One way to do that is to check your credit report and credit score. This provides the lender with information about how reliable you have been in making payments with other lenders. Lenders typically assume you’ll maintain the same credit habits with your new loan.

Having fair credit may be somewhat limiting in that not all auto loan refinancing companies work with people with fair credit. Yet, many do, which means you may have options for obtaining a loan.

Just fill out some basic information about yourself on our form at the bottom of this page. Our lending partners may be able to help you refinance a car loan with fair credit.

Should You Refinance Your Car Loan?

Deciding to refinance a car is very much dependent on your specific needs and goals. Your financial situation may determine if there are benefits to refinancing or not. Take a few minutes to learn as much as you can about your existing car loan. What’s the interest rate? How much longer do you need to repay the loan?

Before you dive into any loan option, you may want to be sure it is going to improve your situation in some way. Many people have an opportunity to see benefits with auto refinance loans. Here are some.

  • Lower your monthly payment. One of the most common reasons to refinance a car loan with fair credit is because you may qualify for a lower monthly payment. If your credit score has improved since you obtained your initial loan, or you can stretch out the loan term a bit longer, you may be able to lower your monthly payment.
  • Get a lower interest rate. You may be able to obtain competitive rates from some of our lending partners. Depending on your existing loan, these may be several points lower than what you are paying now. When you get a lower interest rate, you may end up paying significantly less for the loan. That means more money is kept in your pocket.
  • Get cash out. Depending on the loan amount and what the car is worth, you may qualify for a loan that is more than what you owe on the car. When you do this, it may mean that you are able to get cash out to use for any other need you have. You’ll have to have a car that offers enough value to secure this, though.

RefiJet’s lending partners offer several potential benefits for those who want to change their existing loan terms and conditions. It’s always wise to consider the costs of refinancing and whether, in the long term, it is beneficial for you to refinance.

Car Refinance Eligibility Requirements

These are some of the requirements needed to be able to pre-qualify for auto loan refinancing.

Auto Refinance Requirements

Are you employed or have a verifiable source of income?

Auto Refinance Requirements

Have you made your recent car payments on-time?

Auto Refinance Requirements

Your vehicle must be 10 years old or newer.

Auto Refinance Requirements

Your vehicle must have full coverage insurance.

Auto Refinance Requirements

You must have a valid vehicle registration.

Auto Refinance Requirements

You must have a valid driver's license.

Auto Refinance Requirements

When it comes to car loan refinancing with fair credit, you want to make sure it is the right decision for your situation. Many factors play a role in that decision. Here are some questions to answer before you refinance your car loan outright.

Did you obtain dealer financing when you bought your car?

Sometimes dealership financing is more expensive than other loans you may qualify for from a financial institution like a bank or a credit union. Often, dealership loans are more expensive because the buyer wants to get the loan so they can leave the lot with the vehicle they desire. If you have dealership financing, you may benefit from refinancing if refinancing rates are lower than what you are paying.

What is your current credit score and history?

Lenders want to be sure they can lend to you. That’s why RefiJet helps you obtain multiple offers on these loans so you can compare what is available to you. If you have not done so yet, look at your credit report to be sure your credit history is up to date and accurate.

What is your car worth?

You don’t need to have an exact value for your car. However, you do want to be sure that your car is worth and  what you owe on the loan. If you owe more than the car is worth, you may be upside down in the loan. Not all lenders will lend to you when this happens. You may need to pay down the balance on your car, if possible.



Your Estimated New Monthly Payment:

$ 465.13

Your monthly savings could be as high as $ 134.87 !

That's a total savings on your interest of $ 6,473.78.

***This calculator is a tool for estimating the monthly loan payment at different sample interest rates. The interest rate you input is not a promise or indicator of the actual interest rate for which you may qualify when applying for a refinance loan with RefiJet.

How Do You Choose a Car Refinance with Fair Credit?

When you use the RefiJet, it’s very easy to learn which lenders you can work with – and the good news is you don’t have to waste your time applying to loans that may no longer be the right option for you with fair credit.

Still, there are a few things you want to consider about any lender before you obtain a financial product, like a loan from them. It’s always a good idea to learn as much as you can about the loan offers.

  • What are the terms of the loan? The term is the length of the loan. A longer-term may help you have a lower monthly payment. However, a shorter term means you spend less on interest overall to buy your car. Finding the right in-between that fits your budget and needs is always a good idea.
  • What are available interest rates? Look at the offer loans carefully to determine what the interest rate is. Even if you have fair credit, you may qualify for a loan with a competitive interest rate. Not all lenders offer the same rate, though. You’ll want to be able to compare several loans to determine which is a good fit for your needs if possible.
  • Is there a minimum amount to borrow from the lender? This is often one of the requirements from some lenders. Look for a loan option that fits your needs – it should be affordable to you and provide enough to cover your loan. If you do not owe much on a loan, some lenders may not work well for you.
  • Is it a soft credit pull? RefiJet uses a soft credit pull to get initial information about you in order to run it against the criteria of our lending partners.  A soft pull will not harm your credit score. Most lenders need to see financial information that’s on your credit report before they can lend to you. The soft pull just helps protect your score during that process.
  • What is the company’s reputation? Choose a fair provider to work with, one that can provide you with a loan that fits your needs and provides excellent customer service when you have questions or need support. Learn as much as you can about companies to determine how well they treat their customers – whether for an auto loan or credit card. Reviews of past transactions from previous customers can help you have a better idea of the companies’ reputation.

The more information you have, the better your chances of getting a loan that is going to better your financial situation. It’s worth spending a few extra minutes comparing your options.

Simple Process

Talk to Our Auto Refinancing Experts

Our staff of financial experts is just like you: honest, hard-working, and they take great pride in their 5-star rating. Let them help you decide on the refinance option that works best for you.

Get Prequalified

We know you hate filling out paperwork, so we made the process super-easy. We’ll let you know all of your options so you can pick the loan that works the best for you. You can even get pre-qualified without affecting your credit score.

Decision Time

We present you with options from lenders that fit your situation. Then you choose the loan that works the best for you. We’ll do all the heavy lifting (we even do the paperwork) and submit it to the lender.

Let RefiJet Help You

RefiJet provides you with outstanding tools to help you find the loan you need. If you need a car refinance with fair credit, our partner lenders may be able to offer options to you. All you have to do is fill out our form below with some basic information. We’ll then find available loans based on your qualifications. RefiJet does not perform a hard inquiry on your credit report to see what you qualify for – rather, it is a soft pull that does not impact your credit report.

Best of all, our team is here to help you. Ask us questions. We provide exceptional customer service to you. There is no obligation to work with us through any of the loans we offer. It’s that easy to find the loan that is right for you. We aim to help you save time and money throughout this process of shopping for a new auto loan.

If you have fair credit and want a car loan that will make payments more manageable, fill out the form on this page and get started. It takes just a few minutes to learn about your options and secure a new loan that fills your needs.

RefiJet offers a simple-to-use system. Don’t worry about overpaying on your auto loan any longer. Let us help you to save money, save time, and get into a loan that you feel better about using on your car.

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RefiJet is an auto-refinance company that specializes in offering personalized help & support to find consumers the best auto refinance loan for which they qualify. RefiJet partners with a national network of leading financial institutions & delivers quick quotes at competitive rates.

RefiJet has auto refinance solutions for you to:

  • Lower your monthly payment- $150 Average Monthly Savings*
  • Reduce your loan’s interest rate
  • Add or remove a co-borrower
  • Extend your auto loan for added flexibility
  • Buy out your lease
  • Get cashback from the equity in your car
  • Protect your vehicle with an Extended Service Contract
  • Minimize your risk with Guaranteed Asset Protection
  • Take a vacation from your next loan payment

Pre-qualify for a refinance auto loan in minutes with no impact to your credit score.

Important Disclosures and Requirements

Federal ESIGN Disclosure and Consent 

 Electronic Consent:  Consent to Receive Information Electronically 

The Electronic Signatures in Global and National Commerce Act requires users of this Site who submit a Contact Form (“you” or “your”) consent to receive certain disclosures electronically. Please read this disclosure and consent carefully and retain a copy of this document for your records. 


Some communications with and disclosures by Yield Solutions Group, LLC dba (“” or “us” or “we”) on its behalf and on behalf of participating banks, finance companies, and credit unions (hereinafter called “Lenders”) are conducted electronically. In order to access, receive and retain required notices and your documents, including, any notices and disclosures required by state or federal law, such as our Privacy Noticeloan documents and disclosures that we provide to you on behalf of any Lenderand any other transaction notices and information from us (collectively, “Documents”) electronically, you must satisfy the minimum system requirements outlined below. However, if you wish to obtain a paper copy of any Documents that RefiJet provides you in connection with your credit inquiry and any subsequent application to our Lenders, you may contact Yield Solutions Group, LLC (dba in writing at 5775 DTC Blvd Suite 400, Greenwood Village, CO 80111 or by email at We currently do not charge a fee to send you a paper copy of any electronic Document, but reserve our ability to do so. Be sure to state which of the Documents you are requesting. reserves the right, in its sole discretion, to stop providing Documents electronically. RefiJet may also send Documents to you in paper form because we are legally required to do so or because we determine in our sole discretion that you should receive the Documents in paper rather than electronic form. will provide you with notice of any such termination as required by applicable law. If chooses to stop providing Documents electronically, will send any future Documents to you in paper form. Certain disclosures, however, will be made to you verbally if permitted by applicable law (the “Verbal Disclosures”).   


You must consent to receive Documents electronically in order to complete the credit inquiry process with and any subsequent loan process with one of our participating Lenders. Your consent will apply to Documents as defined above. You may withdraw your consent for receiving electronic Documents by notifying us in any of the ways described above. Since is structured to process all or part of your credit inquiry and any subsequent loan  electronically, not consenting, or withdrawing your consent to receive electronic Documents may result in the termination of the credit inquiry and/or loan process. Your withdrawal of this consent is effective only after we have had a reasonable period of time to act upon your withdrawal. Even if you consent, note that the Verbal Disclosures will be made to you telephonically. 

If you wish to withdraw your consent to do business electronically with our participating Lenders, you may do so at no cost to you by contacting the Lender at the mailing address, email address or telephone number they provide to you separately for such purpose.  


In order to use this service, you must consent to receive Documents electronically and you agree that these electronic disclosures will be sufficient as a “writing” under applicable law.  


In order to receive, access and retain electronic Documents, you will need the following hardware and software: 

  • a computer, mobile device, tablet or similar device with an internet connection; 
  • a current web browser that supports HTTPS connectivity;  
  • a current version of a software program that can open and display PDF files (such as an Adobe Acrobat reader); 
  • a valid email address with email software to communicate with us electronically; and 
  • an installed printer or sufficient storage space to save, store, print or otherwise retain electronic Documents. 

 These disclosures and the Documents are both provided to you in PDF; therefore, your access to this page from your own system/device verifies that your system/device has the necessary software to permit you to receive and access PDF files. 

If the system requirements for accessing the copy of your Documents on the secure webpage change so as to require different or additional hardware or software, or upgrades, plug-ins or enhancements to the hardware or software used by you (all such changes referred to as a “Systems Enhancement”), we will notify you and you may either withdraw your consent or upgrade your hardware and/or software as required by the Systems Enhancement.  

This consent is valid until revoked by either party. 

It is important that you keep your email address current with us.  Please notify us at 1.800.260.5355 if your contact information changes at any point in the refinance process.  We may treat your failure to provide us with a valid email address, or the malfunction of the email address we have for you, as a withdrawal of your consent to receive Documents electronically. 

System Requirements to Retain Information 

If you have a valid email address, a copy of the loan Documents will be provided to you upon execution in the form of an email link to a secure portal that will contaithe PDF loan documentsYou will log into the secure portal using your access credentials. The PDF document will be available to you in the secure portal for thirty (30) days. To retain a copy of the Documents, you may choose to print them, save them or both. In order to print them, you must have a functioning printer connected to your personal computing device.  If you wish to retain an electronic version of the Documents, you must have a personal computing device with the hardware and software necessary to download and store PDF files. 

By clicking to accept, you: 

  • acknowledge your receipt and review of the foregoing Federal ESIGN Disclosure and Consent; 
  • give your affirmative consent to our providing electronic Documents to you as described above; and 
  • confirm that your computer or access device satisfies the hardware and software requirements needed to access and retain the Documents that will be provided to you in electronic form, including through use of a valid email address to access a link to secure portal to access the Documents. 

If you do not click to accept you are not consenting to our providing electronic Documents to you as described above, and you are terminating your transaction with us