Advertiser Disclosure: Wirly may receive compensation when you click lender links. This does not affect our rankings, which are based on publicly available data and editorial review. See our methodology.
Best Auto Refinance Lenders of 2026
Ranked by rates, credit requirements, and loan options using public data. No lender pays for placement.
At a Glance
| Lender | Min. Score | Loan Types | Best For | Rating |
|---|---|---|---|---|
| myAutoloan | 575 | Refinance, New, Used, Lease Buyout | Comparing multiple offers | 4.3 |
| RefiJet | 500 | Refinance, Lease Buyout | Bad credit borrowers | 4.1 |
| Capital One Auto Finance | 540 | Refinance, New, Used | Existing Capital One customers | 4.4 |
| LendingTree Auto | 580 | Refinance, New, Used, Lease Buyout | Rate shopping | 4.2 |
| PenFed Credit Union | 600 | Refinance, New, Used | Low rates for members | 4.5 |
| Consumers Credit Union | 620 | Refinance, New, Used | Long loan terms | 4.0 |
| Bank of America Auto | 600 | Refinance, New, Used | BofA customers | 4.2 |
| Caribou | 560 | Refinance, Lease Buyout | Fully online experience | 4.3 |
Lender Details
myAutoloan
Best for: Comparing multiple offers
Min. credit score
575
Pros
- +Receive up to 4 competing offers from one application
- +Works with credit scores as low as 575
- +Fast online process with same-day decisions
Cons
- -Not a direct lender (marketplace model)
- -May receive marketing contacts from multiple lenders
- -Final rates depend on the matched lender
RefiJet
Best for: Bad credit borrowers
Min. credit score
500
Pros
- +Very low credit score requirements
- +Specializes in helping underwater borrowers
- +Simple online application with no fees
Cons
- -Higher rates for subprime borrowers
- -Limited to refinancing and lease buyouts only
- -Smaller lender network than some competitors
Capital One Auto Finance
Best for: Existing Capital One customers
Min. credit score
540
Pros
- +Pre-qualify without affecting your credit score
- +Competitive rates for well-qualified borrowers
- +Strong mobile app and online payment tools
Cons
- -Best rates require excellent credit
- -No lease buyout option
- -Must refinance vehicles under 10 years old with fewer than 120,000 miles
LendingTree Auto
Best for: Rate shopping
Min. credit score
580
Pros
- +Compare up to 5 offers from competing lenders
- +Wide range of lender partners for all credit levels
- +Transparent comparison tools
Cons
- -Not a direct lender (marketplace model)
- -May receive marketing calls from multiple lenders
- -Rates shown are estimates until lender verification
PenFed Credit Union
Best for: Low rates for members
Min. credit score
600
Pros
- +Consistently competitive rates across all terms
- +Open membership (not limited to military)
- +No application or origination fees
Cons
- -Must join the credit union to get a loan
- -No lease buyout option
- -Online-only experience with limited branch access
Consumers Credit Union
Best for: Long loan terms
Min. credit score
620
Pros
- +Flexible term lengths up to 84 months
- +Autopay discount lowers your rate further
- +Available nationwide with easy membership
Cons
- -Higher minimum credit score than some competitors
- -Must become a member to apply
- -Rates less competitive for shorter terms
Bank of America Auto
Best for: BofA customers
Min. credit score
600
Pros
- +Rate discounts for existing BofA banking customers
- +Large branch network for in-person help
- +Strong online and mobile banking integration
Cons
- -Best rates require Preferred Rewards membership
- -No lease buyout option
- -Rates less competitive without relationship discounts
Caribou
Best for: Fully online experience
Min. credit score
560
Pros
- +Entirely digital process from application to funding
- +Handles DMV paperwork and title transfer
- +Transparent rate comparison from multiple lenders
Cons
- -Not a direct lender (broker model)
- -Not available in all states
- -Final rates depend on matched lender
How We Rank Lenders
Our lender rankings are based on a combination of publicly available data and editorial evaluation. We do not accept payment for higher placement or favorable ratings.
Data sources: We reference HMDA (Home Mortgage Disclosure Act) aggregate data for lending volume and approval rates, publicly reported rate sheets, and borrower eligibility requirements published by each lender.
Evaluation criteria: Lenders are evaluated on rate competitiveness, fee transparency, loan product variety, credit score requirements, customer experience (based on published reviews and regulatory complaints), and digital tools.
Affiliate relationships: Some lenders on this page are affiliate partners. This means Wirly may earn a commission if you click a link and apply. Affiliate relationships do not influence rankings or ratings. Lenders without affiliate partnerships are included when they meet our editorial standards.
Ratings are updated periodically. Individual rates, fees, and terms vary based on your credit profile, loan amount, and property type. Always compare personalized quotes from multiple lenders before making a decision.
Auto Refinancing FAQ
How does auto refinancing work?
Auto refinancing replaces your current car loan with a new one, ideally at a lower interest rate. The new lender pays off your existing loan, and you make payments to the new lender instead. The process typically takes 1-2 weeks and can be done entirely online with most lenders.
What credit score do I need to refinance my car?
Most auto refinance lenders require a minimum score of 580-620 for approval, though some like RefiJet accept scores as low as 500. For the best rates, aim for 700 or higher. Your credit score is the biggest factor in the rate you'll receive.
How much can I save by refinancing my auto loan?
Savings depend on your rate reduction and remaining balance. A typical borrower who lowers their rate by 2-3 percentage points on a $25,000 loan can save $50-$100 per month. Use our auto refinance calculator to see your specific estimate.
Is there a minimum loan amount for auto refinance?
Most lenders require a minimum loan balance of $5,000-$7,500 to refinance. Your vehicle also typically needs to be under 10 years old with fewer than 100,000-150,000 miles, though requirements vary by lender.
How does Wirly make money from this page?
Wirly may earn a commission when you click certain lender links and apply. This compensation does not affect our rankings, which are based on publicly available data and editorial evaluation. See our full methodology section below for details on how we rank lenders.
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Compare Mortgage LendersRates, fees, and terms vary by lender, loan amount, credit score, and vehicle type. Information on this page is for educational purposes and may not reflect current offerings. Always verify terms directly with the lender. Wirly is not a lender or auto loan broker.