RefiJet Review
9
Visit site

RefiJet Reviews

9
Bob Phillips

WRITTEN BY

Bob Phillips

A+ rated with the Better Business Bureau (BBB)
A+ rated with the Better Business Bureau (BBB)
About RefiJet

RefiJet was founded in Denver, Colorado in 2016 and has quickly grown from 4 employees to over 100. The company specializes in auto refinancing, but also offers lease buyout loans. Through a network of over 120 lending institutions, RefiJet matches borrowers with lenders. They do not lend money directly to borrowers.

RefiJet expects to continue its rapid growth. It prides itself on a high level or employee retention, strong customer reviews, and the continued support and growth of its lenders.

9.0

LS SCORE

9.3

CREDIBILITY

9.0

SUPPORT

8.3

ACCESSIBILITY

RefiJet Auto Loans Review

RefiJet provides refinancing loans at competitive interest rates. They do not fund loans but connect potential borrowers with their network of over 150 lenders.

RefiJet Auto Loans Highlights

LOAN AMOUNT

$10,250 - $100,000

LOAN REPAYMENT TERM

24 - 96

MIN CREDIT SCORE

500

APR FIXED RATE

3.39% - 22.00%

FUNDING TIME

1 days

ORIGINATION FEE

395

PREPAYMENT FEE

None

OTHER FEES

None

MAX VEHICLE AGE

10 years

SOFT CREDIT PULL

Yes

LENDER TYPE

Marketplace

Pros & Cons

  • A soft credit pull is performed, which won’t affect credit score
  • Some lenders offer 0.25% rate discount with automatic monthly payment
  • RefiJet has a Spanish version of its website and Spanish-speaking sales representatives
  • RefiJet has an origination fee of $395
  • Does not conduct business in all states
  • Borrower cannot complete the full application online

Auto Loans Types

  • Lease Buyouts
  • Auto Refinance Loans

Vehicle Types

  • Car
  • Motorcycle
  • Truck

RefiJet Refinance Highlights

REFINANCE AMOUNT

$5,000

RefiJet Auto Loans Terms & Requirements

RefiJet offers vehicle refinancing for vehicles older than ten model years and that have less than 150,000 miles. The company also offers lease buyouts. RefiJet’s terms and requirements are industry standard and acceptable.

How to Apply

The process of applying for a vehicle loan through RefiJet begins online with a one page form and is completed via telephone.

The one page initial online form:

RefiJet step 1: Personal information
Screen 1

Personal information

After submitting this information, a RefiJet sales representative will call the borrower to collect additional information, such as vehicle and current loan information, employment and income information, and Social Security number for a hard credit pull by the lender the borrower selects.

Qualification Requirements

  • Minimum FICO credit score: 500
  • Verifiable income and employment history
  •  Maximum debt-to-income ratio of 70%
  • Minimum age: 18
  • U.S. citizen or permanent resident

Required Information

Will vary by lender, but may include:

  • Proof of address
  • Last pay stub to verify income
  • Driver’s license
  • Banking information
  • Auto insurance information
  • Copy of vehicle registration

Application Steps & Time Frames

  • Complete initial online form (3 minutes)
  • Wait for approval or decline (usually under 5 minutes but may be longer if personally reviewed by a RefiJet employee)
  • Receive funding (usually 1-3 business days after the loan closes, depending on the lender)

State Availability

Available - Florida.

Not Available - Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.

Customer Support

RefiJet does not offer customer support after a loan is funded. Borrowers must contact their lender’s customer service team for any assistance with their loan. RefiJet does have a sales team and a toll-free phone number for inbound callers seeking needing questions answered before and during the application process.

In Conclusion

RefiJet is a reputable company with an A+ rating from the Better Business Bureau (BBB). It provides quotes from different lenders within minutes when someone submits an application, and funding is typically made within 24-48 hours. RefiJet provides auto loan refinancing and auto lease buyouts.

FAQ

Does RefiJet do a soft credit pull?
RefiJet will perform a soft credit pull that doesn’t affect your credit score to determine if you can be prequalified for any offers. Once settling upon a lender, they will do a hard credit pull to arrive at your loan’s final terms and rate.
Does RefiJet only refinance cars?
RefiJet specializes in refinancing cars, trucks, SUVs and motorcycles with a minimum loan balance of at least $5,000.
Is there a charge to refinance my auto loan with RefiJet?
RefiJet charges a $395 origination fee to borrowers.
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.

WRITTEN BY

Bob Phillips

Having spent over fifteen years helping people plan their lives financially, Bob has a vast amount of knowledge concerning personal finance. During his career, Bob mastered many different financial products to help people achieve their financial goals, including life insurance, disability insurance, mutual funds, and stocks and bonds. He earned the Chartered Life Underwriter (CLU) designation and held numerous securities licenses. Bob is an internationally published poet and is now a freelance writer living in North Texas with his wife and Doberman puppy.