CarFinance.com no longer appears to be making consumer auto refinancing loans.
We have been unable to reach CarFinance.com to update information or confirm its current lending capabilities. Its website remains but now promotes an online shopping service for dealers called ModCars. Clicking its application leads to a car-finding questionnaire rather than a loan. Its customer service email and phone number deliver no response.
Car loan rates
As with all auto financing, your interest rate on a refinance loan will depend on your credit, with lower scores resulting in higher rates. Lenders set their own requirements, but credit scores are generally categorized as follows:
- 300-629: Bad credit.
- 630-689: Fair credit, also called “average credit.”
- 690-719: Good credit.
- 720 and up: Excellent credit.
Consider these other online refinancing lenders as you shop.
|Company||Minimum credit score||Minimum monthly income||Maximum vehicle age/mileage||Hard pull?||Get started|
|MyAutoloan ||500||$1,100||10 yrs / 125,000 mi||Yes|
|OpenRoad Lending||500||$1,500||10 yrs / 140,000 mi||No|
|IFS||500||$1,500||10 yrs / 150,000 mi||No|
|LendingClub||510||None||10 yrs / 120,000 mi||No|
|Capital One||540||$1,500 - $1,800||7 yrs / No restriction||No|
|RateGenius||550||$2,000||7 yrs / 100,000 mi||Yes|
|RefiJet||580||$2,000||10 yrs / 200,000 mi||No|
|Autopay||600||$2,000||11 yrs / 125,000 mi||No|
|Clearlane||600||$1,800||10 yrs / 100,000 mi||No|
|Consumers Credit Union||640||$500; $2,000 preferred||No restriction||Yes|
|Company||Min credit score, monthly income||Get started|
$1,500 - $1,800
|Consumers Credit Union||640|
$500; $2,000 preferred
Shopping for an auto loan
More from NerdWallet
- See more car loan providers
- See more auto loan refinance options
- See if auto loan refinancing is right for you
Auto Loans Ratings METHODOLOGY
NerdWallet’s auto loans ratings reward lenders offering the most transparency and consumer-friendly features. Ratings are based on weighted averages of several categories, including flexibility of loan options, clarity of borrower requirements, accessibility, speed of funding and fees. Using our editorial discretion, we also consider consumer reviews and complaints. These ratings are a guide, but we encourage you to shop around to find the lowest interest rate you can qualify for. NerdWallet does not receive compensation for any reviews. Read our editorial guidelines.