Refinance and Extend Your Auto Loan Term

Get added flexibility when you refinance your auto loan with RefiJet

When you refinance your auto loan with RefiJet’s help, our team can help you to find the right combination of loan parameters to create the scenario that fits your goals. For some of our clients, that is to extend your auto loan term. The term of your loan is the number of months until you pay it off. There are several benefits to changing the term of your loan.

With a new refinance loan, you may wish to choose a shorter-term loan, one that pays off the amount you owe in a shorter period of time. Or, you may wish to extend that term, which means it will take longer to pay it off. What’s the difference? It comes down to what it does to your monthly payment and how well it fits your objectives.

Do You Want a Lower Monthly Payment?

One of the best ways to lower your monthly payment on your auto loan is to refinance it into a longer-term loan. By extending the amount of time it takes for you to pay off what you owe, you may be able to drop the monthly payment amount considerably. This is one of the ways we help our clients who want a lower monthly payment, save an average of $150/month*.

If you want a lower payment, keep in mind that extended the loan may mean you pay more on the loan in the long term. That’s because there is more time for interest to accumulate on the loan. Still, for those who need a lower monthly payment to balance their budget, this may be a good option for you.

You Can Still Pay It Off Sooner if You Extend Your Auto Loan Term

When you get a simple interest loan with us, though, you may secure a lower monthly payment while having the ability to pay the loan off earlier than the final due date, if you choose to. You have the option – not a requirement – to pay off the principal on the loan faster. If you choose to pay off your loan early, you end up reducing the total amount of interest you pay over the life of the loan, versus what you would have paid if you paid the loan for the full Term.

This option allows you to have the flexibility to have a lower monthly payment requirement from your lender. You can either make the standard monthly payment or you can make a larger payment to help you pay off the loan earlier and pay less interest overall.

Auto refinance loans through RefiJet never have a pre-payment penalty. That means there is little risk to you in taking this option. It gives you far more flexibility in repaying the debt you owe.

Changing the Term to Pay Off Your Debt Faster

Some people want to pay off their loan faster. They do not want or need a lower monthly payment. They just want to get out from under their car loan sooner. That is an option and a reason to refinance your auto loan, as well. When you do this, you are able to refinance your loan for a shorter term. Some of our clients like to do this

If you want to reduce the length of time it takes you to pay off your debt, talk to our loan specialists about shortening your repayment period. However, remember the above example, too. You do not have to refinance into a shorter contract. You could refinance with us into a new loan with the same estimated pay off date. Then, you can pay off the debt faster by paying more than you owe. If your current loan limits your ability to pay off the principle like this, refinancing may make sense for you.

Consider the Advantages of a Lower Monthly Payment

You may benefit from a lower monthly payment for several reasons:

  • Having more money each month to put towards other debts you have, such as high-interest rate credit cards.
  • You may be able to improve your credit by making on-time payments with your new, lower monthly payments.
  • You may be able to use those extra funds to add to your savings or invest. Use them in any way that works for your needs.

As you take into consideration how this may work for you, talk to our loan specialists to learn more. We can help you compare several different strategies for refinancing your auto loan, allowing you to find the right method for your specific objectives.

You Can Trust RefiJet to Offer the Help You Need When You Want to Extend Your Auto Loan Term 

When you speak to our team about your refinancing options, remember that we’re here to offer you solutions. There’s no pressure in the process. We provide you with information and options from which you can choose. Let us determine what amount of savings you may have each month if you refinance your auto loan into a longer-term loan. When you do, you are sure to find this can work to meet your goals.

We’ve been rated the #1 auto lender for customer service on LendingTree for five consecutive quarters. That’s because we are dedicated to providing you with the very best service possible. Even if you’re not sure refinancing your auto loan is right for your needs, let us offer some solutions to compare. Get Started Now.

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