RefiJet Auto Refinance Loans Review: Rates, Fees, & Terms

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Owning a vehicle is a necessity for most people. However, sometimes life happens, and the loan terms you had to accept may not have been ideal.

If this is the case and your credit score has increased since getting your loan, it may be time to refinance your auto loan.

Refinancing your auto loan does not have to be time-consuming, stressful, nor costly. RefiJet takes all those concerns away and brings you a simple, free approach to auto refinancing.

Best for Online Auto Refinance
RefiJet Auto Loan Refinance
RefiJet Auto Loan Refinance
  • Loan Amount
    $5,000 - $150,000
  • Est. APR
    1.99% - 17.99%
  • Learn More
  • Auto Loan Details

What is RefiJet?

RefiJet is an auto-refinancing marketplace that partners with a national network of lenders to provide you with quick and competitive auto refinancing rates. They collect some personal information from you and then match you with its top lenders. RefiJet provides this service at no cost to you, and you are under no obligation to accept any of the approved lenders.

How Does RefiJet Work?

RefiJet may be able to help reduce your auto loan monthly payment by as much as $150 by providing you an easy, personalized refinancing process and at no cost to you!

You will work with a live, dedicated RefiJet Financial Service Representative (FSR) via the phone. The FSR will collect some personal information from you and then pull a soft inquiry on your credit to match you with their top auto finance lenders without affecting your credit score.

You then decide which lender is best for you, and RefiJet helps with submitting your documents to that lender. The lender will pull a hard inquiry and finalize your loan terms.

RefiJet allows you to miss your first 2 months of payments to help you get caught back up on other finances.

RefiJet Auto Loan Refinance Pros and Cons


  • There are no fees to use RefiJet.
  • RefiJet offers refinancing rates starting at 2.49% APR.
  • Lower credit scores can still get approved with RefiJet.
  • RefiJet has loan terms from 24 months to 84 months, with 96 months available in some cases.
  • RefiJet has lenders that offer loan amounts of $5,000 to $150,000.
  • You do not need to make any payments for 2 months with RefiJet.
  • There are no obligations to accept any offers.


  • You must be 18 years or older.
  • RefiJet requires $2,000 per month in income to qualify.
  • There are vehicle restrictions (read below for additional information on this).
  • You have to talk to a RefiJet representative during the process where competitors have a fully automated process.

RefjiJet Auto Loan Rates

RefiJet states its lender network has APRs starting at 2.49%. There is no max APR disclosed, but some have reported up to 17%, depending on your credit score.

RefiJet APR & Fees

RefiJet does not charge any fees, and its lender network has APR starting at 2.49%. RefiJet also lets you have no payments for the first two months of the loan. This is great if you are refinancing and trying to catch up on bills. If you decide to buy additional services, such as GAP insurance, then there are fees for those services.

How to Apply for a Loan through RefiJet

RefiJet has a three-step process for getting a loan.

  1. Talk to one of their refinancing experts (FSRs) to discuss your needs.
  2. Get prequalified. RefiJet helps you with the documentation that is needed based on the refinancing you are looking for. RefiJet then does a soft inquiry on your credit to prequalify without affecting your credit score.
  3. Decision time! RefiJet presents you with the lender options that fit your situation. You can then decide which lender is best for you, and RefiJet will complete the process and submit the necessary information to the lender.

Does RefiJet Have Any Restrictions?

Yes, RefiJet does have some restrictions. You can only refinance a personal vehicle that is less than 10 years old and has 150,000 miles or less. You also need to be at least 18 years old with an income of at least $2,000 per month to qualify.

How Does RefiJet Compare?

Here is how RefiJet compares to some competitors.

#1. RefiJet vs. Caribou

Caribou is an auto financing marketplace that advertises rates as low as 1.49%. You do not need to provide your SSN to get pre-qualified.

Caribou provides loans with a $5,000 minimum and $50,000 maximum with terms ranging from 12 months to 60 months. As with other auto loan marketplaces, there is no cost to you nor are you under any obligation to accept any of the lender’s offers.

>> More: Caribou Review

#2. RefiJet vs. Autopay

Autopay is similar to RefiJet in that it provides the consumer with a marketplace of lenders without hurting your credit score nor costing you anything.

Autopay is different from RefiJet in that they also offer new and used purchase loans through their lender network. Autopay advertises its refinancing options starting at 1.99% APR, and you can refinance for as little as $2,500 loan with terms ranging from 24 months to 84 months.

You will need a credit score of about 600 or higher to qualify, and they give you 30 days to decide on which lender, if any, you would like to accept. Autopay has vehicle restrictions in that the vehicle needs to be less than 11 years old and have fewer than 125,000 miles on it.

>> More: Autopay Review

#3. RefiJet vs. MyAutoLoans

MyAutoLoans is similar to RefiJet in that it provides a marketplace of lenders to you at no cost nor obligations.

MyAutoLoans offers refinancing and auto loans through their lender network for consumers with a FICO score of 575 or higher as long as you live in the lower 48 states. MyAutoLoans advertises refinancing rates starting at 1.99% with a $5,000 minimum loan. If you are looking for a loan without refinancing, the minimum loan is $8,000 with terms of 24 months to 72 months.

The maximum loan amount is dependent on the individual need and credit score. MyAutoLoans provides you up to four lenders within minutes so you can decide which one is best for you. Similar to RefiJet, there is no cost to you nor any obligation to accept any of the lender’s offers.

>> More: MyAutoLoans Review

RefiJet Review: FAQs

Here are some frequently asked questions about RefiJet.

Is RefiJet a Good Company?

If you are looking to refinance an auto loan for a vehicle that is less than 10 years old and has less than 150,000 miles, you can do so at no cost nor obligation to you. RefiJet is a great way to see lender rates without you having to shop around for them.

What Credit Score Is Needed for RefiJet?

You should have a credit score of at least 580 to refinance your auto loan through RefiJet.

Does RefiJet Charge Fees?

No, it is free to use RefiJet. However, RefiJet does offer additional services such as GAP insurance that does cost money if you select this service.

Is RefiJet Safe to Use?

Yes, RefiJet is safe to use and touts an A+ rating with the BBB.

Bottom Line: RefiJet Auto Refinance Review

If you have a current auto loan that you feel is too high, and your vehicle is less than 10 years old with less than 150,000 miles on it, RefiJet may be a great option for you. Their team will help you find thebest auto loans rates around. There is no cost nor obligation to you when using RefiJet who advertises they save their customers an average of $150 a month!

To further help you get caught up with your finances, RefiJet also offers a no-payment plan for your first 2 months!

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Brian Latchford
Brian Latchford

Brian is a serial entrepreneur that loves financial technology and personal finance. From working with start-ups to creating his own recruiting company, Brian knows first hand what it takes to manage money. Throughout his career, Brian has become a respected writer covering topics in personal finance, business, and financial technology.