Is Upgrade Auto Refinance the right fit for you?
Last Updated: 04/18/2025
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Highlights
Amount Range
$5,000 - $65,000
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APR (Fixed APR)
5.54% - 19.94%(Verified 06/21/2024)
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Credit Score Range
620 - 850
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Loan Term (Months)
Up to 84
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
- 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.
- 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
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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 5.54% APR up to 19.94% 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 .
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.
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 or other government photo ID
- Government issued photo ID
- Proof of citizenship or residence permit
- Proof of residence
What is the estimated funding time for a car loan refinance with Upgrade?
Auto refinance loan applications are typically funded within 1 to 14 days of approval.
Does Upgrade Auto Refinance report your account activity to credit bureaus?
Yes, Upgrade Auto Refinance reports to the following credit bureaus:
- 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 build your credit.
Does Upgrade Inc perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. Upgrade allows you to check your rates with a soft credit pull.
Is Upgrade Inc a legit company?
Upgrade Inc was founded in 2016, it is a well-established company that has been in business for 10 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: Auto refinance loans through Upgrade feature Annual Percentage Rates (APRs) of 6.04%-18.94%. 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).
SuperMoney Disclosure: SuperMoney.com 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.
Hours of Operation
Sunday
6:00AM - 5:00PM
Monday
5:00AM - 7:00PM
Tuesday
5:00AM - 7:00PM
Wednesday
5:00AM - 7:00PM
Thursday
5:00AM - 7:00PM
Friday
5:00AM - 7:00PM
Saturday
6:00AM - 5:00PM
Other Services by Upgrade Inc
SuperMoney Net Recommendation Score
Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.
+100
-1000+100
No one recommends
Everyone recommends
Upgrade Auto Refinance Community Reviews
Would you recommend Upgrade Auto Refinance to your friends?
U
Anonymous
Dec 15, 2023
May or may not recommend
Rated #1 In a 5 star classification, Excellent Customer service in 1-5!:)Always say andThenSomeLOLSwwet
Showing 1 of 1 reviews
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