With a nationwide network of lending partners, RefiJet offers specialized auto refinancing alternatives. The auto refinancing technology offered by the Colorado-based firm analyzes the data from your application to determine which of your available alternatives is the most suitable for your current financial standing. In addition, RefiJet can assist customers in the following areas: adding or removing a co-borrower; buying out the remaining lease term; obtaining an extended service contract or assured asset protection; and receiving cash back from the equity in their car.

How Does RefiJet Work?

If you are interested in refinancing your auto loan, a representative from RefiJet Financial Services will speak with you to collect and enter information for your application and explain the criteria for your supporting documents. You will first learn about your alternatives for refinancing after undergoing a "soft pull," which does not have an adverse effect on your credit score.

When you have determined which loan best meets your needs, the representative of the financial services company will assess your application, meet with you to go through the details of the proposed loan, and then send your application to the lender. To assist you in choosing whether or not to proceed, your representative will also discuss the lender's decision and the specifics of the loan, including expenses.

Using a protected site, you can upload and download loan paperwork. Your representative for financial services will discuss with you the proper way to sign them and any additional requirements that your state or lender may impose.

When you submit your paperwork, RefiJet will change the title of your car, pay off your previous loan, and link you with the new lender. RefiJet will supply you with a prepaid label to do so. Throughout the process of refinancing, you are free to contact your financial services representative by phone, email, or text message anytime necessary.

What Are the Terms, Fees, and Conditions of RefiJet?

Your credit score, the kind of car you drive, and other factors all play a role in the conditions of your loan. Car refinancing rates offered by RefiJet begin at 2.49%, and customers don't have to make a payment for the first two months. While the organization does not offer a range of APRs, it does mention that it collaborates with a network of lenders to discover suitable terms for your need.

Refinancing is normally available for automobiles less than 10 years old and less than 150,000 miles on the odometer. In addition to that, you will need to:

• Have a verified source of income, such as a job, or be currently working.
• Have paid your latest auto payments on time.
• Ensure that your vehicle is adequately covered by auto insurance.
• Please provide a current driver's license and a valid registration for your car.

What Discounts Does RefiJet Offer?

RefiJet collaborates with a network of lending partners to determine which interest rate offers the most favorable terms for each client's unique credit history. While not every auto refinancing is done to lower the monthly cost, the firm claims it reduces monthly automobile payments by an average of $150. However, these discounts are not guaranteed by RefiJet, and the company emphasizes that both the savings and the prices may vary.

How Can You Meet the Requirements?

While RefiJet does not provide specific minimum credit criteria, it does state that your credit history and financial stability may help you qualify for a loan and decide the conditions of that loan. According to the organization, lenders consider your credit score, history of credit and payments, income, loan amount, and total debt when making lending decisions.

There is no set minimum or maximum loan amount; however, RefiJet indicates that the value of your car significantly influences determining the amount you are eligible to refinance. The worth of your car is determined in part by the vehicle identification number, mileage, manufacturer, model, year, and other features. While RefiJet collaborates with several different lenders, you should verify with the business whether or not its services are available in your state.

What We Like

• You may see tailored rate estimates from lenders using RefiJet, which does not do a rigorous credit check first. Prequalification is also available.
• Free-of-charge grace period: Borrowers who meet the requirements are exempt from making monthly auto loan payments for two months after the loan has been approved.
• Refinance your auto loan to earn cash back from the equity in your automobile.
• Available in Spanish, the website's version in Spanish is as follows: You only need to click one button, and the whole website will be translated into Spanish.