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RefiJet review

Save on your monthly payment or interest with a few simple steps.

Bottom line: RefiJet doesn’t have the best reviews or policies. But its one-on-one service does set it apart from similar connection services on the market. Read the full review.

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Starting at 2.49%

APR

Details

APRStarting at 2.49%
Interest Rate TypeFixed
RequirementsEmployed or verifiable source of income, history of on-time car loan payments, valid driver's license, eligible car with insurance and registration
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Review by


Kellye Guinan is a seasoned financial writer with over 500 articles under her belt spanning all things loans from auto to personal to business and everything in between. With four years in the field and five years of research experience, she's able to make complex personal finance decisions easier for anyone to tackle. When she's not up to her knees learning about the latest trends in lending, she spends her time improving her own financial literacy and expertise — and maintaining a Duolingo streak of over 1,300 days.

Expert review

RefiJet is a connection service that helps borrowers find better deals on auto loans. While it offers a pretty standard service, the high volume of customer complaints may mean you should compare more options before using its service. However, RefiJet does offer individualized service throughout the refinancing process. This sets it apart — and may be helpful if you’re unfamiliar with how refinancing a car loan works.

Pros

  • Payment deferral for the first two months
  • Option to add or remove a cosigner
  • Also offers lease buyouts and cashback refinancing

Cons

  • Not up front about loan terms
  • No FAQs on website
  • Poor customer reviews

RefiJet reviews and complaints

BBB accredited Yes
BBB rating A+
BBB customer reviews 1.76 out of 5 stars, based on 17 customer reviews
BBB customer complaints 27 customer complaints
Customer reviews verified as of 05 May 2021

RefiJet receives largely negative reviews on its Better Business Bureau (BBB) page. Recent complaints and negative reviews state that customer service representatives were unhelpful, and many of the complaints state that they were lied to or misled about products.

How RefiJet compares to other providers

Before you submit your information, view more connection services and direct lenders.

Name Product Filter Values Minimum credit score APR Loan term Requirements
PenFed Auto Loans
Varies
Starting at 1.79%
3 to 7 years
Active membership with PenFed
Low APR car loans from a well-known credit union.
Carvana
No minimum credit score
3.9% to 27.9%
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18+ years old, annual income of $4,000+, no active bankruptcies
Get pre-qualified for used car financing and receive competitive, personalized rates.
car.Loan.com Car Loans
300
Varies by network lender
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Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
CarsDirect auto loans
No minimum credit score
Varies by network lender
Varies by network lender
Must provide proof of income, proof of residence, and proof of insurance.
Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.
Auto Credit Express Car Loans
300
Varies
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Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
Get connected with an auto lender near you, even if you have bad credit.
Monevo Auto Loans
500
3.99% to 35.99%
3 months to 12 years
Credit score of 500+, legal US resident and ages 18+.
Quickly compare multiple online lenders with competitive rates depending on your credit.
LendingTree
Good to excellent credit
Starting at 1.99%
Varies by lender
18+ years old, good to excellent credit, US citizen
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
myAutoloan.com Car Loans
550
1.89% to 27%
550+ credit score, no open bankruptcies, $24,000+ annual income, US citizen or permanent resident, 18+ years old
Get up to four offers in minutes through one simple application. Multiple financing types available including new cars, used cars and refinancing.
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Compare up to 4 providers

RefiJet rates, fees and terms

RefiJet is a connection service that works with 13 lenders to help you find a competitive refinancing offer. Because of this, it isn't up front about the potential costs you might face. While interest rates start at 2.49%, they may be much higher.

Its partner lenders also offer loan terms up to 84 months. While this can significantly lower your monthly payment, carefully review any loan offer you receive.

To make the most out of refinancing, you should opt for a loan that lowers the total amount you'd pay in interest. Because long loan terms allow more interest to accrue, you may owe more by refinancing your car loan.

RefiJet requirements

Since RefiJet is a connection service, the exact requirements you need to meet will depend on the lender you're connected with.

Personal requirements

  • History of on-time payments on current car loan
  • Steady source of income
  • Valid driver's license
  • No bankruptcies
  • Not a driver for a food delivery service

Vehicle requirements

  • Model is 10 years old or newer
  • Full coverage insurance
  • Current vehicle registration

How refinancing through RefiJet works

To be connected with a lender, you will need to submit a few personal details through RefiJet's website. This includes your date of birth, contact information and street address.

RefiJet says that it offers one-on-one help with the refinancing process. While this can be helpful, note that it does mean you may need to be in contact with customer service multiple times to finalize your information.

What sets it apart

RefiJet is a unique connection service. It allows you to delay the first two payments when you refinance. In addition, it also offers cash-out refinancing and lease buyouts — including on motorcycles and recreational vehicles.

But as far as the actual refinancing process goes, RefiJet is about average. It doesn't stand out, which can be a good thing if you want a simple way to switch lenders.

Is RefiJet legit?

Yes, RefiJet is a legitimate connection service. However, it may not be the right option for you. This is because its privacy policy is vague about how it uses your personal information for marketing. The section on how it protects your information is also vague — although the website is secure.

This isn't uncommon for a connection service. Because it needs to share your personal information to find you a new lender, you should expect marketing calls and emails.

But there is no general way to opt out of having your information shared with its affiliates, except in California where this information must be provided by law. Alongside its negative customer reviews, you should compare other options before using RefiJet to refinance your auto loan.

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