RefiJet Auto Refinance

RefiJet Auto Refinance Review

RefiJet auto refinance is an auto loan refinance offering by Refi Jet, based in Denver, CO. Founded in 2016, Refi Jet offers auto refinance loans in 50 states (and Washington, DC).

Key Takeaways

• APRs starting at 2.74%. The starting rates for RefiJet Auto Refinance are on the lower end of the spectrum.
• Vehicle types. Refi Jet refinances motorcycles, cars, and trucks.
• Lender Network. Unlike lenders that provide refinance loans directly, Refi Jet is a broker that works with its lender network to fund your auto refinance loan.
• Good credit required. You will need a credit score of at least 680 to qualify for RefiJet Auto Refinance.
• Vehicle requirements. Vehicles must have less than 150,000 miles and a maximum age of 10 years.
• Refinancing for large loan amounts. You can refinance auto loans of up to $150,000 with RefiJet Auto Refinance.
• Charges a prepayment fee. This means you will be charged an additional fee if you repay the auto refinance loan early.
• Cosigner applications accepted. Applying for RefiJet Auto Refinance with a cosigner can improve your chances of approval and help you qualify for lower interest rates.
• Long loan terms. RefiJet Auto Refinance offers loan terms of up to 96 months. Most auto refinancing loans have a maximum term of 60 months.
• Minimum income of $24,000. You will need an annual income of at least $24,000 to apply for RefiJet Auto Refinance, which is above average for the lenders in our database.

RefiJet auto refinance Pros & Cons

Pros	Cons
Low APRs available to qualified borrowers. Available in all 50 states. Considers older vehicles (max. 10 years)	Charges an origination fee. Only considers applicants with good credit. Charges prepayment fees. Charges a late fee.

RefiJet auto refinance FAQ

How much can you borrow via RefiJet auto refinance?

Auto refinance loan amounts start at $10,000 and go up to $150,000.

What are the auto loan refinancing rates offered through RefiJet auto refinance?

RefiJet auto refinance offers a fixed APR car loan refinancing product that ranges from 2.74% APR up to 17.99% APR.

What is the maximum loan term you can get with RefiJet auto refinance?

RefiJet auto refinance offers auto refinancing with terms ranging from 36 to 96 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 RefiJet auto refinance charge an origination fee on auto refinance loans?

Yes, RefiJet auto refinance charges a loan origination fee.

Does RefiJet auto refinance charge a late fee?

Yes, auto refinance loans via RefiJet auto refinance are subject to late payment penalty fees.

Does RefiJet auto refinance charge prepayment fees?

Yes, RefiJet auto refinance does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment feees can reduce or even cancel the interest savings of repaying a loan early.

What do you need to qualify for RefiJet Auto Refinance?

Applicants with a credit score of at least 680 and up to 850 may be eligible for RefiJet Auto Refinance. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for auto loan refinancing with RefiJet Auto Refinance, applicants need a minimum annual income of $24,000 or higher. RefiJet Auto Refinance only considers borrowers who are employed and meet the minimum income requirement. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via RefiJet Auto Refinance. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by RefiJet Auto Refinance.

To qualify, applicants may need to provide the following documentation:

• Loan payoff statements
• Proof of income
• Proof of insurance
• Driver's license
• Government issued photo ID
• Proof of identity
• U.S. tax identification number

What is the maximum mileage to refinance with Refi Jet?

Refi Jet is an option for high-mileage vehicles. They will consider car loan applications for vehicles with up to 150000 miles on the odometer.

What is the maximum car age to refinance with Refi Jet?

Only vehicles that are 10 years old or less can qualify for an auto refinance.

Does RefiJet Auto Refinance report your account activity to credit bureaus?

Yes, RefiJet Auto Refinance reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.