Upgrade Auto Refinance
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Upgrade Auto Refinance
in Auto Loan Refinancing from Upgrade Inc
Claimed Apply Now Get Personalized Rates

Upgrade Auto Refinance

in Auto Loan Refinancing from Upgrade Inc
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Credit Score Range 620 - 850
Loan Amount $5,000 - $65,000
APR  (Fixed APR) 4.49% - 16.19%
(Verified 05/02/2023)
Loan Term (Months) Up to 84 months

Upgrade Auto Refinance Review

Upgrade is an auto loan refinance offering by Upgrade Inc, based in San Francisco, CA. Founded in 2016, Upgrade Inc offers auto refinance loans in 44 states (and Washington, DC).

Key Takeaways

  • APRs starting at 4.49%. There are average starting rates for an auto refinancing loan. If you have good credit you may qualify for a loan with better rates.
  • Vehicle types. Upgrade Inc only refinances cars and trucks.
  • Fair credit accepted. The credit score needed for Upgrade Auto Refinance is relatively low. Borrowers with a credit score as low as 620 may qualify for Upgrade 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 $65,000 with Upgrade Auto Refinance.
  • Fast process. In some cases you can refinance your auto loan within 1 business day.
  • No origination fee. Upgrade Auto Refinance does not charge an origination fee for processing your loan application.
  • Long loan terms. Upgrade Auto Refinance offers loan terms of up to 84 months. Most auto refinancing loans have a maximum term of 60 months.

Upgrade Pros & Cons

Pros Cons
  • Low APRs available to qualified borrowers.
  • Available in 44 states.
  • $0 prepayment fee.
  • Loan options with $0 origination fee.
  • Considers applicants with fair credit.
  • Funding available within 1 business day.
  • Considers older vehicles (max. 10 years)
  • Charges a late fee of $10.00

Upgrade FAQ

How much can you borrow via Upgrade?

Auto refinance loan amounts start at $5,000 and go up to $65,000.

What are the auto loan refinancing rates offered through Upgrade?

Upgrade offers a fixed APR car loan refinancing product that ranges from 4.49% APR up to 16.19% APR.

What is the maximum loan term you can get with Upgrade?

Upgrade offers auto refinancing with a maximum term of 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 Upgrade charge an origination fee on auto refinance loans?

No, Upgrade does not charge a loan origination fee for refinancing a car loan.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount.

Does Upgrade charge a late fee?

Yes, auto refinance loans via Upgrade are subject to late payment penalty fees of up to $10.00, which is triggered if you're 15 days late.

Does Upgrade charge prepayment fees?

No, there is no prepayment penalty.

What do you need to qualify for Upgrade Auto Refinance?

Applicants with a credit score of at least 620 and up to 850 may be eligible for Upgrade Auto Refinance. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Upgrade Auto Refinance does not have or does not disclose a minimum annual income eligibility requirement. Upgrade Auto Refinance only considers borrowers who are employed.

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 Upgrade 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 Upgrade Auto Refinance.

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

  • Applicants must have an active and valid personal checking account
  • Recent pay stubs
  • Proof of insurance
  • Driver's license
  • Government issued photo ID
  • Proof of citizenship or residence permit
  • Proof of residence

What is the maximum mileage to refinance with Upgrade Inc?

Upgrade Inc 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 Upgrade Inc?

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

What is the estimated funding time for a car loan refinance with Upgrade?

Auto refinance loan applications are typically approved (or denied) within 24 hours and funded within 1 to 14 days of approval.

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

Yes, Upgrade 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.

Is Upgrade Inc a legit company?

Upgrade Auto Refinance was founded in 2016. It is an established company that has been in business for 7 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

Upgrade Auto Refinance Disclosure: Your auto refinance loan terms are not guaranteed and are subject to our verification and review process. You may be asked to provide additional documents to enable us to verify your income, your vehicle and/or your identity. This rate includes an Autopay APR reduction of 0.5%. By enrolling in Autopay your payments will be automatically deducted from your bank account. Selecting Autopay is optional. Please refer to Upgrade's Terms of Use and Borrower Agreement for all terms, conditions and requirements." Auto loans issued by Upgrade's lending partners. Information on Upgrade's lending partners can be found at Auto refinance loans through Upgrade feature Annual Percentage Rates (APRs) of 4.49%-16.19%. Lowest rates require Autopay. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Eligible vehicles must be 10 years old or newer and have less than 130,000 miles (or less than 150,000 for trucks). Accept your loan offer and your funds will be sent to your bank or designated account within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes the transaction. From the time of approval, funds sent directly to you should be available within one (1) business days. Funds sent directly to pay off your creditors may take up to 2 weeks to clear, depending on the creditor.
SuperMoney Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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.

Message From Upgrade

We aren’t satisfied with business-as-usual in car lending because we’ve been on the inside and seen countless ways to make lending better. That’s why AUTOPAY is leading the way to more transparent, fair, easy and friendly car loans for all (it also feels great to help people save money).


  Available in 44 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Rhode Island
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • Washington, DC
  • Wisconsin
  • Wyoming

Feature Breakdown

Application Fee $0
Late Fee Amount $10.00
Late Fee Grace Period 15 days
No Origination Fee
No Prepayment Fee
(Verified 05/02/2023)
Origination Fee (%) 0%
Checking Account Required
Credit Score Range 620 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Individual Applications
Maximum Mileage 150,000
Maximum Vehicle Age 10
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Vehicle Type Auto
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
  • Proof of Residence
  • Proof of Insurance
  • Government Issued Photo ID
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Customizable Payment Dates
Funding Time Range 1 - 14 days
Payment Options
  • Automatic Payments
  • Check by mail
  • Bank Transfer
Pre-Qualified Soft Credit Inquiry
APR (Fixed APR) 4.49% - 16.19%
(Verified 05/02/2023)
APR Type Fixed APR
Loan Term Up to 84 months
Loan Amount $5,000 - $65,000

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