Lending Arts Auto Loan Refinance and Lease Buyout Loans: 2023 Review
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Auto loan reviews

Auto loan refinancing
Auto lease buyout loan
The bottom line:
Best for applicants who want to see a pre-qualified loan offer with a rate estimate for auto loan refinancing or a lease buyout loan.
Auto loan refinancing review

Not yet rated
Pros
Application process is 100% online, including document upload.
Pre-qualification with a soft credit check is available with most network lenders.
Borrowers are able to choose the loan payment due date.
Allows co-signers and co-borrowers.
Customer service available on Saturday.
Limits borrower contact from network lenders.
Cons
Charges an origination fee of $499.
A few network lenders may use a hard credit inquiry for pre-qualification.
Provides only one pre-qualified offer.
Best for applicants who want to see the best, pre-qualified auto loan refinancing offer from a network of lenders.
Full Review
Established in 2006, Lending Arts offers auto loan refinancing, including cash-out refinancing and lease buyout loans. Lending Arts works with a network of approximately 20 lenders to match applicants to the best loan and interest rate for which they may qualify. The application process is completely online.
The Lending Arts approach is different from many other companies that work with a lender network, because applicant information is not shared with multiple lenders. Instead, Lending Arts determines the best loan by matching the lender and borrower credit profile, and applicants receive a single pre-qualified offer with a rate estimate.
In the majority of cases, pre-qualification requires only a soft credit check that will not affect the applicant’s credit scores. Applicants should be aware that a few of Lending Arts’ lenders may do a hard credit pull for pre-qualification, which can temporarily lower an applicant's credit scores.
Lending Arts works with applicants of all credit types. Those with lower credit scores can expect rates at the high end of Lending Arts’ interest rate range.
Lending Arts is an auto loan aggregator, meaning it works with a network of lenders to match borrowers to loans. Aspects of your loan — such as lender fees, service and how your personal information is used — will depend on the lender selected.
Lending Arts may be a good fit for those who:
Want access to multiple lenders with one application. Lending Arts matches an applicant’s credit profile to borrower profiles set by lenders in its network. It then obtains a credit offer from a participating lender.
Prefer assistance with the loan process. Applicants receive assistance from a Lending Arts loan consultant throughout the entire loan process. Many positive Lending Arts online reviews mention the level of support received.
Need more flexible credit requirements. Most Lending Arts’ lenders have a minimum credit score requirement of 550 on the FICO scale, which falls into the “very poor” range. It also allows co-signers, which can help applicants who would have trouble qualifying for a loan on their own.
Lending Arts at a glance
Lending Arts works with many different lenders, so the information provided is general and can reflect the high or low end available among its lending partners.
Auto lease buyout loan review

Not yet rated
Pros
Application process is 100% online, including document upload.
Pre-qualification with a soft credit check is available with most network lenders.
Borrowers are able to choose the loan payment due date.
Allows co-signers and co-borrowers.
Customer service available on Saturday.
Limits borrower contact from network lenders.
Cons
Charges an origination fee of $499.
A few network lenders may use a hard credit inquiry for pre-qualification.
Provides only one pre-qualified offer.
Best for applicants who want to pre-qualify and see the best lease buyout loan offer from a network of lenders.
More from Lending Arts
Lending Arts also offers products such as gap insurance, vehicle service contracts and anti-theft protection through a subsidiary — American Assurance Corporation — also called AAC Warranty. These optional services are offered during the loan process, and Lending Arts states that applicants will not receive a separate sales call. Borrowers can add the cost of these products into their loan, but they should consider whether the benefit outweighs the increase in monthly payment and overall cost of the loan.
Lending Arts auto loan rates
Credit requirements vary by auto lender, but Lending Arts’ lowest rates are typically available only to borrowers with good or excellent credit (around a FICO score of 690 and above). With fair or bad credit, you won’t get the lowest interest rates, which means your monthly payment and total interest paid will be more. You can check your credit score before applying for an auto refinancing loan.
Loan example: According to NerdWallet's auto loan calculator that uses the VantageScore credit model, a borrower with a credit score of 300-499 (considered deep subprime), a $20,000 used car loan, repayment term of 72 months, interest rate of 18% APR and $0 down payment would have monthly payments of $456. One year later, if all payments were made on time, the borrower will have paid the loan down to a balance of $17,963. If the borrower is able to then refinance at 12% APR for the remaining 60 months, the payment would drop to $399 and result in interest savings of $3,394 over the life of the loan.
To review Lending Arts, NerdWallet sent a survey to Lending Arts requesting more than 60 data points and followed up with company representatives. This information was compared with other lenders that seek the same customer or offer a similar product.
Frequently asked questions
Lending Arts, sometimes referred to as LendingArts, has been in existence since 2006. The company has headquarters in Lakewood, Colorado. It is accredited by the Better Business Bureau, where it has received an A+ rating.
Lending Arts says it does not share an applicant’s personal information for marketing purposes not related to the auto refinancing or lease buyout loan.
Here's the Lending Arts privacy policy.