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USAA Auto Refinance

in Auto Loan Refinancing from USAA

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USAA Auto Refinance

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in Auto Loan Refinancing from USAA

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Highlights
Highlights
APR  (Fixed APR) 2.49% - 13.85%
Credit Score Range 560 - 850
Loan Term Up to 84 months
Loan Amount N/A

USAA Auto Refinance Review

USAA Auto Refinance is an auto loan refinance offering by USAA, based in San Antonio, TX. Founded in 1922, USAA offers auto refinance loans in state across the USA.

What are the auto loan refinancing rates offered through USAA Auto Refinance?

USAA Auto Refinance offers a fixed APR auto loan refinancing product that ranges from 2.49% APR up to 13.85% APR.

What is the maximum loan term you can get with USAA Auto Refinance?

USAA Auto Refinance 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 USAA Auto Refinance charge an origination fee on auto refinance loans?

No, USAA Auto Refinance does not charge a loan origination fee for refinancing an auto 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 USAA Auto Refinance charge a late fee?

Yes, auto refinance loans via USAA Auto Refinance are subject to late payment penalty fees.

Does USAA Auto Refinance charge prepayment fees?

Yes, USAA 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 USAA Auto Refinance?

Applicants with a credit score of at least 560 and up to 850 are eligible for USAA Auto Refinance. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

USAA Auto Refinance does not have or does not disclose a minimum annual income eligibility requirement. USAA Auto Refinance will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

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 USAA Auto Refinance. Their rates fall within the limits of The Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

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

  • Recent pay stubs
  • Driver's license
  • Proof of citizenship or residence permit

What is the estimated funding time for an auto loan refinance with USAA Auto Refinance?

Auto refinance loan applications are typically approved (or denied) within 1 hour and funded within 0 to 1 days of approval.

USAA AUTO REFINANCE Disclosure: Displayed rates are the lowest Annual Percentage Rates (APR) and include a discount for automatic payments (0.25%). Rates subject to change without notice and vary based on approved credit and other factors, such as term, model year, and loan amount.
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...

Feature Breakdown

No Origination Fee  
Application Fee $0
Minimum Age 18
Credit Score Range 560 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Military Status
  • Active Duty Military
  • Military Dependent
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Joint Loan Applications Accepted
  • Individual Applications
Verification Documents Required
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Term Up to 84
APR (Fixed APR) 2.49% - 13.85%

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