Last Updated: 04/18/2025
SuperMoney User Recommendation Score +34
Mostly recommended35 total votes
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Highlights
Community Rating
Mostly recommended
Amount Range
$10,000 - $90,000
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APR (Fixed APR)
Starting at 4.67%(Verified 06/21/2024)
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Credit Score Range
600 - 850
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Loan Term (Months)
24 - 84
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Number of Reviews
rateGenius Auto Refinance Review
rateGenius auto refinance is an auto loan refinance offering by rateGenius, based in Austin, TX. Founded in 1999, rateGenius offers auto refinance loans in 48 states (and Washington, DC).
Key Takeaways
- Lender Network. Unlike lenders that provide refinance loans directly, rateGenius is a broker that works with its lender network to fund your auto refinance loan.
- Fair credit accepted. The credit score needed for rateGenius Auto Refinance is relatively low. Borrowers with a credit score as low as 600 may qualify for rateGenius Auto Refinance.
- Refinancing for large loan amounts. You can refinance auto loans of up to $90,000 with rateGenius Auto Refinance.
- Fast process. In some cases you can refinance your auto loan within 1 business day.
- Hard credit pull required. You can't check your rates or see if you prequalify for rateGenius Auto Refinance without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
- Long loan terms. rateGenius Auto Refinance offers loan terms of up to 84 months. Most auto refinancing loans have a maximum term of 60 months.
rateGenius auto refinance Pros & Cons
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rateGenius auto refinance FAQ
How much can you borrow via rateGenius auto refinance?
Auto refinance loan amounts start at $10,000 and go up to $90,000.
What are the auto loan refinancing rates offered through rateGenius auto refinance?
rateGenius auto refinance offers a fixed APR car loan refinancing product that ranges from 4.67% APR.
What is the maximum loan term you can get with rateGenius auto refinance?
rateGenius auto refinance offers auto refinancing with terms ranging from 24 to 84 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto refinancing loan, the more interest you will pay.
Does rateGenius auto refinance charge an origination fee on auto refinance loans?
Yes, rateGenius auto refinance charges a loan origination fee .
Does rateGenius auto refinance charge a late fee?
Yes, auto refinance loans via rateGenius auto refinance are subject to late payment penalty fees .
Does rateGenius auto refinance charge prepayment fees?
No, there is no prepayment penalty.
What do you need to qualify for rateGenius Auto Refinance?
Applicants with a credit score of at least 600 and up to 850 may be eligible for rateGenius Auto Refinance. The minimum age to be eligible is 18 or the state minimum, whichever is higher. rateGenius Auto Refinance does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by rateGenius Auto Refinance.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
- Proof of citizenship or residence permit
What is the estimated funding time for a car loan refinance with rateGenius auto refinance?
Auto refinance loan applications are typically funded within 1 to 7 days of approval.
Does rateGenius Auto Refinance report your account activity to credit bureaus?
Yes, rateGenius Auto Refinance reports to the following credit bureaus:
- Equifax
- Experian
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does rateGenius perform a hard credit pull?
Yes, rateGenius auto refinance performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Is rateGenius a legit company?
rateGenius was founded in 1999, it is a well-established company that has been in business for 27 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
rateGenius Auto Refinance Disclosure: APR is determined at the time of your application, based on creditworthiness and the loan to value of the vehicle. Rate quoted is the lowest rate for qualified applicants.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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