RefiJet auto refinance loans review: One-on-one support throughout the refinance process

Young woman wearing glasses and looking on digital tablet at home to learn about refijet Image: Young woman wearing glasses and looking on digital tablet at home to learn about refijet

In a Nutshell

RefiJet offers auto refinancing through its network of lenders. While RefiJet’s lender network considers people across all credit tiers, you’ll need to have a history of on-time payments on your current loan and proof of income — along with other requirements — to apply through RefiJet. When you apply for a refinance through RefiJet, a financial services representative will guide you through the process, from choosing a loan to updating your car title.

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Pros Cons

Considers people with a range of credit histories

No option to apply online

Personalized support offered throughout the refinance process

Positive payment history and proof of income required to apply

Range of refinance loan options

Older vehicles are not eligible for refinancing


What you need to know about RefiJet auto loans

Based in Denver, Colorado, RefiJet is an auto refinance company that helps match people with refinance loan options that could meet their needs. RefiJet isn’t a lender. Instead, it partners with a network of lenders that include banks, financial institutions and credit unions. 

Range of refinance options 

RefiJet offers a range of refinance loan options.

  • Traditional auto loan refinancing — Lower your loan payments or interest rate.
  • Cash-out refinance loans — Increase the size of your loan, allowing you to get some cash back.
  • Lease buyout loans — Finance a car you’ve leased.

Considers people with varying credit histories

RefiJet’s extended network of lending partners allows it to consider people with different credit profiles. But even if you have good credit, you’ll need a history of on-time payments and proof of employment or income to be eligible for prequalification.

Personalized support throughout the refinance process

If you’re interested in applying for a loan through RefiJet, you’ll be assigned a financial service representative who will help you with things like gathering your personal information and submitting your prequalification application to helping you understand different loan options.

If you prequalify through RefiJet, a representative will explain your potential loan options to you along with any associated costs and fees. If you decide to move forward with one of the loan options, RefiJet will submit a loan application for you (which may result in a hard credit check). If you’re approved for the loan, RefiJet will then update your title and pay off your previous vehicle loan.

A closer look at RefiJet auto loans

If you’re trying to decide if a RefiJet auto loan is right for you, here are a few more things to consider.

  • The vehicle you want to refinance must be 10 years old or newer.
  • Applying through RefiJet is free, but some loans offered through its lender network may include fees for title transfers or state fees.
  • RefiJet accepts co-borrowers. If you have weak credit, a co-borrower with strong credit may help increase your odds of loan approval.
  • Loan terms vary depending on your credit, the vehicle you’re refinancing and the lender you choose. While it may be tempting to choose a longer loan term to reduce your monthly payments, you could end up paying more in interest in the long run.
  • RefiJet also offers the option of adding GAP insurance and extended service contracts to your loan. 

Is a RefiJet auto loan the right fit for you?

An auto refinance loan through RefiJet may be worth considering if this is your first auto refinance and you want someone to walk you through the loan process.

It could also be worth considering if you want the ability to apply for prequalification and potentially get multiple loan offers in one place, especially if you have less-than-perfect credit. Prequalification through RefiJet results in a soft credit pull and doesn’t affect your credit scores. Just remember that prequalification isn’t a guarantee that you’ll be approved for the loan or that you’ll receive the estimated loan terms.

Keep in mind that while many online lender networks allow you to apply for prequalification online in minutes, you must contact RefiJet to apply for prequalification, which could take longer. And if you move forward with a full loan application through RefiJet, it may result in a hard credit check.

But if you’re looking to refinance a car older than 10 years old or get a loan to buy a new or used car, RefiJet won’t be a fit for you. 

How to apply for a RefiJet auto loan

To apply for auto loan prequalification through RefiJet, you must have a job or an income source as well as a history of on-time payments.

To start the process, you can call RefiJet, fill out the company’s online form at RefiJet.com or even send a message on social media. After you contact RefiJet, a company representative will reach out to you.

Before you apply for prequalification through RefiJet, it’s a good idea to check your credit and compare other loan offers. If your credit has improved, refinancing could result in a lower interest rate. But if your credit has stayed the same or gotten worse, getting a lower interest rate could be difficult. Shopping around can help you find the best loan rate and terms for your needs. Learning how to refinance a car loan can really help make the process easier.

Auto loan alternatives to consider

If you aren’t sure if a loan through RefiJet is right for you — or you don’t meet its eligibility requirements — here are some other lenders to consider.

  • LendingClub: LendingClub could be a good option if you want the ability to quickly apply for prequalification online.
  • Tresl: Tresl may be ideal if you want to refinance a car with up to 150,000 miles.