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This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

Refijet Car Loans Review

Bradley Schnitzer Bradley Schnitzer Last update:
Est. APR
1.99-17.99%
Max loan
$100,000
Term
24-96 Months

Refinancing your car loan helps you potentially secure a lower interest rate and monthly payment on your auto loan — especially if your credit score and financial situation have improved.

Loan marketplaces like RefiJet can help you find several great refinancing options. RefiJet works with over 20 refinancing lenders, helping you drive your vehicle for less or tapping some of your equity with a cash-out refinance.

If you lease your vehicle, they can help you buy out that lease as well.

The company even offers extras like gap insurance and extended service contracts.

In our RefiJet review, we’ll take a closer look at this company and see if they’re worth a look.

 Refijet Loan Types and Terms

Car Loan types Rate-and-term refinancing, cash-out refinancing, lease buyout
Loan amount $5,000 – $100,000
Repayment terms Refinance: 24-96 months
Lease buyout: 24-72 months
APR Varies by lender
Minimum credit score 500
Lender type Market
Good for Buying out leases, cash-out refinancing, comparison shopping, low credit

 

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Refijet is Good For

  • Buying out leases
  • Cash-out refinancing
  • Comparison shopping
  • Low credit

Refijet Pros

  • Prequalification with soft credit check available
  • Low minimum credit score
  • Can buy out your lease
  • Some lenders offer automatic payment discounts
  • Cash-out refinances available

Refijet Cons

  • Lack of full online application
  • Vehicles older than 10 years not eligible
  • $395 origination fee

Application Process

RefiJet has a simple enough application process, although some of it happens offline.

First, you can either fill out RefiJet’s form on their website, call RefiJet, and even contact them via social media to get started. Regardless of the method, a financial services rep will call you.

Once they do so, you’ll discuss your loan options with your rep, then provide your relevant financial information to the rep. They’ll use that information to prequalify you for some offers.

From there, they’ll direct you to their secure online portal to apply. You’ll upload your documents, and RefiJet will submit the application for you.

The lender will review and get back to you with a decision. If approved, RefiJet will update your title and pay off the existing loan.

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Terms & Requirements

RefiJet works with a variety of lenders, meaning more borrowers are likely to find the refinancing loan they need.

That said, here are some requirements and terms you can expect to see from RefiJet.

Car Loan Requirements

RefiJet makes refinancing loans fairly accessible, but you must meet some requirements, such as:

  • US citizen or permanent resident age 18 or older
  • Verifiable income and employment history
  • On-time recent car payments
  • Credit score of 500
  • Maximum debt-to-income ratio of 70%

Here are the vehicle requirements:

  • 10 years old or newer
  • 150,000 miles or less
  • Full vehicle insurance coverage
  • Valid registration

RefiJet is not available in Alaska or New York at the time of writing.

Car Loan Terms

Since RefiJet is a marketplace, APRs can vary by lender. It’s hard to say what the approximate range is. That said, some lenders may offer a 0.25% discount on your rate if you sign up for automatic payments.

Loan amounts are more certain. You can get $5,000 – $100,000.

Repayment Terms

Repayment terms are 24-96 months for refinances and 24-72 months for lease buyouts.

Privacy & Security

RefiJet appears to take privacy and security fairly seriously, outlining its commitment to compliance with all relevant laws and regulations here. You can view RefiJet’s full privacy policy here.

Customer Support

RefiJet has strong customer support. Customer service is available by phone and text Monday-Friday, 7 am – 7 pm MST. It’s also available Saturdays from 9 am – 2 pm MST.

You can also reach out to customer service on social media platforms and via email, and an agent will reply as soon as they can.

Beyond that, the RefiJet website has several self-help resources on auto refinancing, such as:

  • Blog posts
  • Videos
  • FAQs
  • A calculator
  • A glossary

Final Thoughts

Overall, RefiJet can be a good option for car owners with new enough vehicles who want some hands-on assistance in the refinancing process. It’s also a good choice for those who want to buy their leased vehicle. As long as your vehicle isn’t too old, RefiJet makes auto refinancing fairly accessible.

Address

5775 DTC Blvd Suite 400, Greenwood Village, CO 80111, USA

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Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Bradley Schnitzer Bradley Schnitzer
Bradley Schnitzer is a copywriter and content writer that helps businesses gain loyal customers through informative content pieces and persuasive copy. He is passionate about personal finance and helping budding freelancers further their careers. He spends his free time reading, hitting the gym, pursuing several intellectual interests, and drinking coffee.
This review is based on the writer's personal opinion.