Add or Remove a Co-Borrower

When your refinance your auto loan with RefiJet

Life changes can impact your financial health many times during your lifetime. With help from RefiJet, you may have a few tools to help you to keep things balanced and your debts paid on time. There are some situations when our borrowers benefit from adding or removing a co-borrower to their loan. If you have an auto loan right now, consider what this could mean for your situation. Our team can help you determine if this is a good idea for your next auto loan refinancing.

Add Someone With Better Credit

If you are currently paying on a loan with a high monthly payment or a high-interest rate, it may be because your credit history was not as good as it could have been when you applied for that loan. That doesn’t mean you have to stick with it. Sometimes, our borrowers will see their credit improve over time. When they refinance, they can tap into that better score to get an improved rate.

For others, their credit score hasn’t changed. If that’s where you are right now, our team may be able to help if you add a co-borrower to your new loan. A co-borrower is someone who shares the liability and whose credit credentials are considered when the lender is setting the loan structure, such as the APR. For lenders, it helps to minimize the risks of default on the loan. If you choose a co-borrower, it may make it easier for you to qualify for a lower interest rate.

The key here is to choose a co-borrower that has a good or better credit score than you have.  The co-borrower can also strengthen your application by adding additional income, which could also contribute to receiving a lower interest rate.  When you do, that person’s good credit and income may help to show lenders there’s less risk, allowing them to lower the interest rate they charge you.

What Can a Co-Borrower with Good Credit Do for You?

Lenders want to see the least amount of risk present when approving auto loan refinancing. Adding a co-borrower with a better credit score may help you in one or more ways.

  • You may qualify for better loan terms. This may mean a longer-term, which can extend your payment window, but reduce your monthly payment.
  • You may secure a lower APR. A lower interest rate on your auto loan can help to reduce how much money you spend to buy your car overall. Lower interest may also mean a lower monthly payment to some borrowers.
  • You may also get improved flexibility about deal structure. When you add a co-borrower, the addition of stronger credit and/or additional income can help the application qualify for different loan structure options.

If you know someone that has a good credit score that is willing to be your co-borrower, contact RefiJet today. We can determine if this helps you qualify for a better deal on your auto loan refinancing.

Removing a Co-Borrower

In some situations, you may already have a co-borrower on your auto loan. Perhaps you needed that borrower to help you qualify for the loan. Now, you may have stronger credit or more income. You may now qualify for an auto loan on your own for various reasons.

Removing a co-borrower from your current loan is possible in most situations. Refinancing your auto loan can help to accomplish this, though there are several steps that must be taken to ensure it is possible. If you believe you qualify for a loan on your own – using just your credit – speak to RefiJet about your options.

How RefiJet Can Help With the Process

When you refinance with RefiJet, our team can handle the process of getting a new title that reflects the changes you want to make. At RefiJet, we make this far easier on you than you think it could be. The new title will reflect the addition or removal of the borrower. Keep in mind that the co-borrower needs to agree to this process. Our team can obtain the necessary permission from the person that you wish to add to or remove with your new auto loan. Learn more about RefiJet’s Auto Refinance Process.

Is This the Right Option for You?

Many times borrowers want to remove a co-borrower or consider a loan refinance with an added co-borrower, but they are worried about the process, including whether they will qualify for the loan. It’s okay – we can help answer those questions.

When you fill out the contact form, our Financial Services Representatives will work with you to calculate all of your options. You can apply for a loan refinancing very quickly and get an idea of what you can expect from the process right away.

Adding or removing a Co-Borrow From Your Auto Loan

We can do this for you without any risk to you and at no cost. You do not have to just wonder about these options. We can help you figure out the solution.

RefiJet works with a variety of borrowers and can help in many situations. As the #1 rated auto lender in customer satisfaction on LendingTree for Five consecutive quarters, we are committed to supporting you as you weigh your options. We also have an A+ rating from the BBB.

Changing the title and auto loan you have can make a big difference in the long term for you. Take the first step to find out what you can expect to pay for a new loan with or without a co-borrower by contacting our team. It’s easier than you think to get the support you need. Get Started Now.

Important Disclosures and Requirements

Customer Consent to Receive Account Information Electronically

The Electronic Signatures in Global and National Commerce Act requires your consent to receive certain disclosures electronically. Please read this section carefully and retain a copy of this document for your records.


Some communications and disclosures with and by on its behalf and on behalf of participating banks, finance companies, and credit unions (hereinafter called “Lenders”) are conducted electronically. However, if you wish to obtain a paper copy of any disclosure to your offer and/or loan/finance offer request, you may write to Yield Solutions Group, LLC (dba at 7555 E. Hampden Ave., Ste. 500, Denver, CO 80231. We will not charge you a fee for a paper copy of the Disclosures you request. RefiJet does not provide any Lenders’ disclosures. reserves the right, in its sole discretion, to stop providing Disclosures electronically. will provide you with notice of any such termination as required by applicable law. If chooses to stop providing Disclosures electronically, will send any future Disclosures to you in paper form.


The applicant and any co‐applicant (collectively, “you”) must consent to receive Disclosures electronically in order to complete the loan/finance offer request process with on behalf of its participating Lenders (as defined above). Your consent will apply to Disclosures you receive from, its successors and assignees, and any Lenders. You may withdraw your consent for receiving electronic Disclosures by notifying at Since is structured to provide some loan/finance offer request related information electronically, not consenting, or withdrawing your consent to receive electronic Disclosures may terminate your loan/finance offer request process. You may withdraw your consent to do business electronically with our participating Lenders at no cost to you. You may do so by contacting the Lender at the mailing address, e‐mail address or telephone number they provide to you separately for such purpose.


In order to use this service, you must consent to receive disclosures including but not limited to the Terms of Service and Privacy Notice electronically and you agree that these electronic disclosures will be sufficient as a “writing” under applicable law.

If you have access to this website, you have suitable hardware/software to access and retain electronic documents.

This consent is valid until revoked by either party.

Please notify us at 1.800.260.5355 if your contact information changes at any point in the refinance process.


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.

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