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RefiJet Auto Refinance Review 2022

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Starting Rate
2.49% APR
Loan Amounts
$5,000 - $150,000+
Loan Terms
24 to 84 months with 96 months available on a limited basis
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RefiJet is an online marketplace offering auto refinance loans, lease buyout loans and cash-back refinance loans on cars, trucks, SUVs and motorcycles. It may be a good fit for those with fair or poor credit — RefiJet offered the lowest average APR in 2020 to subprime borrowers on the LendingTree platform. A RefiJet auto refinance loan may help you get a lower payment, lower APR or both. RefiJet reviews from customers are largely positive, though one significant drawback is its $395 fee.

Pros and cons of a RefiJet auto refinance loan

RefiJet accepts those with credit scores as low as 500 and offers competitive rates, but those with strong credit may find better deals elsewhere.


 Low credit scores are OK

 Prequalify online with a soft credit pull

 No payment for the first 2 months (interest still accrues) 

 $395 fee for all loans 

 Exact rate may differ once lenders conduct a hard credit pull 

 Beware of add-ons: Say no to guaranteed asset protection (GAP) and extended warranties if you don’t want them

How RefiJet works

RefiJet specializes in refinance auto loans, a loan that replaces your current car loan with a new one, which can come from another lender. The Colorado-based company works with a network of lenders to find the best auto refinance loan for you. A customer service representative will walk you through the process and file any necessary paperwork.

Here’s a closer look:

Step 1: Contact RefiJet

Contact RefiJet by email, phone or through its website to talk with a customer service representative. RefiJet will conduct a soft credit pull, which does not impact your credit score.

Step 2: Submit your paperwork

Any time you refinance a car loan, you’ll need to provide your driver’s license, registration and proof of insurance. You may also need to provide proof of residence and income, as well as the vehicle’s title.

Step 3: Choose a refinance loan

From the refinance options RefiJet presents, choose the offer that’s best for you. Remember, RefiJet isn’t the only place to find a refinance auto loan — it’s always a good idea to compare multiple offers from more than one lender.

Is a RefiJet auto refinance worth it?

RefiJet could be a good fit for those who have fair credit and/or those who’d like some extra guidance. Not many people jump for joy at the thought of completing finance paperwork, so the $395 fee may be worth it to have someone walk you through the process.

RefiJet might not be best for people with high credit scores who may be able to find a lower rate from another refinance company. If you’re unsure whether refinancing is right for you, use an auto loan refinance calculator to find out how much you’d save.

RefiJet vs. competitors

RefiJet isn’t the only lender that works with consumers who have less-than-perfect credit — compare its offers to other bad credit auto refinance companies. Here’s how RefiJet stacks up next to other auto refinance providers, each with their own credit requirements.

Where to find car refinancing
Starting APR* Terms (Months) Amounts
RefiJet 2.49% 24 – 84+ $5,000 – $150,000+
Bank Of America 3.39% 12 – 72 $7,500+
LightStream 4.99% 24 – 84 $5,000 – $100,000
MotoRefi 1.49% 24 – 84 $10,000 – $100,000
iLendingDIRECT 1.99% 24 – 84 $7,500+

*May include autopay discount


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