RefiJet Auto Refinance Loans: 2021 Review

RefiJet helps borrowers find an auto refinance loan from its network of lenders using a soft credit pull.
Philip ReedJun 23, 2020

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Our Take

The bottom line: Best for fair or good-credit auto refinance applicants who want to shop rates.

Learn More

on RefiJet's website

Min. Credit Score


Est. APR

1.99 - 17.99%

Loan Amount

$5,000 - $150,000

Pros & Cons


  • Prequalify with a soft credit check.
  • Offers marketplace to compare loans from multiple lenders.


  • Offers loan terms over 60 months.

Compare to Other Lenders

Learn MoreLearn MoreLearn More
Min. Credit Score


Min. Credit Score


Min. Credit Score


Est. APR

1.99 - 17.99%

Est. APR

2.05 - 29.40%

Est. APR

2.99 - 9.99%

Loan Amount

$5,000 - $150,000

Loan Amount

$5,000 - $99,000

Loan Amount

$5,000 - $100,000

Full Review

To review RefiJet, NerdWallet collected and compared more than 15 data points against other lenders that seek the same customer or offer a similar product.

RefiJet is an online vehicle refinance company that finds you a loan from its network of lender partners. The company also arranges loans, and handles the complicated paperwork, for people wanting to buy their leased car.

RefiJet may be a good fit for those who:

  • Have good credit: The company has a high minimum credit score requirement, and the lowest rates are available if you have excellent credit (720 FICO or better).

  • Want to shop loans: You can compare rates from multiple lenders with a soft credit inquiry, which has no impact on your credit score.

  • Seek flexible loan terms: RefiJet lets borrowers change the terms of their loan by extending it or delaying a payment.

RefiJet review details

Launched in 2016 and based in the Denver area, RefiJet specializes in auto refinancing. It offers borrowers a simple application process and the help of a loan officer to guide them through the transaction. The company says that many of its customers are people who bought a car about a year ago, made all the payments on time, and now qualify for a lower interest rate.

Once RefiJet receives an application, it uses an algorithm to quickly estimate an interest rate based on a soft credit inquiry, which won’t impact your credit score. Then RefiJet presents you with refinance options from its lender partners, which include credit unions and finance companies. When you select a loan offer, the company submits your application to the new lender.

RefiJet also helps arrange lease buyout loans for people who want to buy a car they are currently leasing, and RefiJet handles the paperwork for you.

RefiJet auto loan rates

The lowest interest rate RefiJet offers for a refinance loan is available only if you have excellent credit.

If your credit is less than top-tier, your interest rate will be higher. This means your monthly payment will be more and, over time, you’ll pay more interest. If you know your credit score, you can get an idea of the rate you might qualify for.

Applying to RefiJet

  • You can apply online or over the phone.

  • Will also refinance most motorcycles and recreational vehicles.

  • Prepayment and late fees vary by lender.

  • Allows co-signers.

RefiJet restrictions

Restrictions may vary by individual lender, but RefiJet has the following general guidelines:

  • Loan terms: 36 to 96 months. (NerdWallet doesn’t recommend loans over 60 months.)

  • Maximum vehicle age: 10 years.

  • Maximum vehicle mileage: 200,000 miles.

  • Minimum income: $2,000/month.

  • Available in all 50 states.

More from RefiJet

RefiJet offers additional auto finance products such as gap insurance and vehicle service contracts. It also lets borrowers delay their first payment on the new loan between 30 and 45 days. This might allow you to catch up on paying off other higher interest rate debt.

The RefiJet website features a blog with information on auto refinancing and how RefiJet works, as well as an auto loan calculator to help you estimate payments on your loan.

Frequently asked questions