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finder.com’s rating: 4.0 / 5.0
★★★★★
Your car loan might have come with a good rate at the time you applied, but that doesn’t mean it’s the best you can get now. If you’ve improved your overall credit or have a bigger budget today, RateGenius can potentially connect you with lenders willing to lower your monthly payments.
$10,000
Min. Loan Amount
2.99% (as low as)
APR
Min. Loan Amount | $10,000 |
---|---|
APR | 2.99% (as low as) |
Interest Rate Type | Variable |
Requirements | Income of $2,000+/month, vehicle has less than 150,000 miles and is no older than 8 years, loan balance is between $10,000 and $100,000, debt-to-income ratio is less than 50% |
To apply with RateGenius, you’ll need to meet requirements that include:
RateGenius is a highly rated network of more than 150 lenders across the US. Its affiliate lenders offer highly competitive rates, and you can refinance nearly any vehicle, including motorcycles and boats. Provided you meet RateGenius’s minimum eligibility requirements, you can apply for a connection with multiple lenders to lower your monthly car payments.
RateGenius isn’t a direct lender. The application you complete online is shared with multiple lenders in RateGenius’s affiliate network, often within 24 to 48 hours. If you’re connected with a lender, you complete the application on its site.
Using RateGenius as an intermediary can result in multiple options from just one application. RateGenius also transfers your title and takes care of paying off your previous loan, saving you time and money. It wraps up extra charges for title transfers by your former lender and your state into your total loan amount.
RateGenius’s partners offer APRs of 2.99% (as low as). However, you need to have near-perfect credit, a high income and a relatively new vehicle with minimal miles to qualify for the lowest rate.
The few negative reviews on RateGenius’ Better Business Bureau profile complain about its affiliated insurance broker — specifically the high cost and short refund period of gap insurance. Positive reviews say that the service is fast and easy, including title transfers to the new lender.
BBB accredited | No |
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BBB rating | A+ |
BBB customer reviews | 4.6 out of 5 stars, based on 566 customer reviews |
BBB customer complaints | 81 customer complaints |
Trustpilot Score | 3.9 out of 5 stars, based on 3,755 customer reviews |
Customer reviews verified as of | 16 October 2020 |
Applying to refinance your existing auto loan through RateGenius takes 15 minutes:
After you submit your application, you’re redirected to a new page that lists your application ID number. Processing generally takes 24 to 48 hours, after which your application is sent to one of RateGenius’s many affiliate lenders.
RateGenius doesn’t require many documents to get you started, but you’ll want to have on hand:
RateGenius doesn’t finance auto loans to purchase a car. Instead, it matches you with a lender offering refinancing that suits the needs you specify in your application.
You’ll finalize your new loan and start repayments with your new lender. Carefully read the terms of your new loan agreement to learn exactly how much you need to pay each month and your ultimate payoff date.
In addition to auto loan refinancing, you can also take advantage of the following services:
With lots of positive reviews, RateGenius is a highly rated way to search for auto refinancing. With a quick application, you can browse potential offers to find a lender offering a low interest rate or extended term to make paying down your debt that much easier.
Not interested in a connection service? Browse our list of auto loan lenders to find a direct way to refinance your car loan.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience.