RefiJet Review 2026: How Much Could You Save by Refinancing Your Car Loan?

RefiJet may help you lower loan costs, even if you have poor credit.

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Jacqueline Quach holds years of experience in content writing, blogging, and copywriting, and has a professional background in user experience design, helping clients and businesses develop their content strategy. Jacqueline writes for multiple brands and websites, empowering customers in their purchase process through content. She also contributes to Savings.com and has written for Angi and SeniorLiving.org. Her work has been featured on MSN.com and Dayspa Magazine. Jacqueline holds a B.A. in Communication Studies from the University of California, Los Angeles.

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Maya Afilalo holds over 10 years of professional experience in writing, communications, and research, which she leverages to provide accurate and reliable information to empower consumers. In addition to overseeing content production, Maya has herself written many articles on auto insurance costs, company comparisons, state laws and requirements, and other topics. She is committed to helping consumers navigate the complex world of car insurance with clarity and confidence. Maya holds a bachelor’s degree from the University of Pennsylvania and a master’s from North Carolina State University.

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Last updated: July 22, 2026

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In recent years, the cost of owning a car has risen significantly. In 2024, car ownership costs rose to over $12,000 per year, a major jump from about $9,500 per year in 2020¹. While drivers can’t control rising fuel prices or vehicle costs, refinancing an auto loan can lower monthly expenses.

When you refinance, you replace your current loan with a new one — usually with better loan terms or a longer repayment period. Online platforms help you sift through and compare lender options to find the best terms for your situation. RefiJet is one such platform, a refinancing marketplace that matches borrowers with a network of about 50 lending partners.

If you want to refinance your auto loan, is RefiJet worth it? Below, I’ll detail how RefiJet works, who it’s best for, and how it compares to other lenders and marketplaces.

refijet homepage

What Is RefiJet?

Founded in 2016, RefiJet offers auto refinancing loans. Instead of funding loans directly, RefiJet matches you with potential lenders. But unlike some other auto loan marketplaces, RefiJet allows you to view multiple loan offers before choosing one. The company also offers other financial products and services, including lease buyouts, gap insurance, and extended warranties.

RefiJet Pros and Cons

Pros

Soft credit pull for prequalification
Personal guidance on your refinancing goals
High customer service satisfaction
Offers loans for low credit

Cons

Loan process isn’t entirely online
Potential charges of $695 in origination fees

How RefiJet Works

With RefiJet, the application process is straightforward, though it’s not entirely online. Once you complete a short online application, RefiJet performs a soft credit inquiry, so checking your options won’t impact your credit score.

refijet image

After entering your information, an assigned financial services representative will reach out to review your current auto loan and discuss your refinancing goals. This personal guidance is one of RefiJet’s biggest differentiators, since you won’t have to deal with the lender on your own. However, it also means you’ll have a phone conversation before finalizing your new loan.

During your call, your representative will pull up multiple offers from lending partners. Once you choose an offer, your lender will perform a hard credit pull to finalize your loan.

Those who have refinanced with RefiJet report that the loan process is quick. However, the actual loan processing time depends on the lender you choose. It can take anywhere from two weeks to two months.

Key Features

In addition to refinancing options, RefiJet offers borrowers access to additional services and products:

Payment-free period: Qualifying borrowers can postpone their first loan payment for three months after refinancing.
Cash-out refinancing: Drivers with equity in their vehicle may be able to refinance for more than they currently owe and receive the difference in cash.
No prepayment penalty: Most loans arranged through RefiJet don’t charge prepayment penalties, so you can pay off your loan early without additional fees.
Lease buyout: RefiJet also helps borrowers finance lease buyouts if they decide to purchase their leased vehicle.
Optional protection: Borrowers can add products like gap insurance and extended service contracts.

Rates, Fees & Eligibility

RefiJet states that borrowers need a credit score of at least 500 to qualify, making it accessible to those with low credit scores. Note that your loan may also come with an origination fee of $695, although the actual amount depends on your lender.

To qualify for refinancing, your vehicle must be at least 10 years old or newer and you must have a minimum monthly income of $2,000. RefiJet states that its estimated APR ranges from 4.29%–21.99%; you can pre-qualify to see your actual APR.

FYI

Watch out for auto refinancing scams that claim to guarantee loans. Before approval, a reputable lender usually asks for your current loan details, along with documents like your driver’s license and insurance card.²

What Real Customers Say

Overall, customer feedback for RefiJet is positive. It holds a high score on Trustpilot, where customers praise the company’s responsive customer service and appreciate having a dedicated representative guide them through the refinancing process:

“Zach Janes and a couple of others were diligently working to get me lower car payments and got my interest rate lowered by at least 10%. They were also working hard to make sure the refinancing went quickly so I could save right away.” – Clinton B.

“Zach and Clyde were determined to get us a cost savings rate – they walked us through the entirely digital process, had great communication, and took action when we couldn’t.” – Laura E.

Multiple reviewers also noted that although refinancing saved them money, they faced delays in the loan payoff process:

“I started this process of refinancing in early December 2024 and was told I would probably be able to skip January’s payment. Here I am on the 21st of January making a payment to my old loan.” – Susan

“The company saved me a lot of time and money. The process might be slow, but it is okay with me.” – Glenn³

PRO TIP:

Whether you’re refinancing or taking out an auto loan, shopping around will help you find lower fees and interest rates. Check out our guide to the best auto loans to compare your options.

RefiJet vs. Competitors

Compared to other auto refinance marketplaces, RefiJet has a lower credit score requirement. On the flip side, its lenders tend to charge significant origination fees, which are processing charges for a loan. Caribou and iLending both charge lower origination fees.

RefiJet’s application process is both online and by phone, making it better for those who want to apply online, but prefer personalized guidance. However, if you want to finalize your loan online, Caribou is a better fit.

Company	Origination Fees	Minimum credit score	Application process	Availability
RefiJet	$695	500	Online and phone	All states
Caribou	$499	580	Mostly online	All states except Maryland, Mississippi, Nebraska, Nevada, and West Virginia
iLending	Up to $549	560-580	Phone	All states except New Hampshire, Rhode Island, and Hawaii

TIP

For auto loans, you can choose between direct lenders, credit unions, and loan aggregators (like RefiJet).

Direct lenders, including banks, usually offer transparent rates and fast loan processing times. Credit unions also lend directly to borrowers, but you’ll need a membership to qualify, and loans take longer to process. Meanwhile, loan aggregators save time by helping you shop multiple lenders at once.

Who RefiJet Is Best For

RefiJet is a good fit if you:

Want help comparing multiple lenders
Need to refinance your auto loan
Prefer working with a dedicated loan specialist
Have fair or poor credit

RefiJet may not be a good fit if you:

Want a completely online refinancing experience
Have excellent credit and qualify for low rates from banks or credit unions
Prefer comparing loan offers without speaking to a representative

How Refinancing Affects Your Car Insurance

Refinancing your auto loan doesn’t necessarily affect your insurance premium, but it can impact other parts of your policy. For example, refinancing can:

Change your lienholder information, which you’ll need to update with your insurer
Affect whether gap insurance is necessary if you’ve built equity in your vehicle
Require you to continue carrying full coverage if your new lender requires it

Refinancing can also temporarily lower your credit score, though it’s unlikely to increase your rates. Still, it’s a good idea to compare car insurance quotes after refinancing. Lowering your loan payment and your premium can make owning a vehicle more affordable.

Bottom Line

RefiJet is a reputable auto refinance marketplace that connects borrowers with lending partners. It’s accessible to those with lower credit scores, offers personalized service, and has specialized refinancing options, like lease buyouts and cash-out refinancing.

The downside is that the process isn’t fully digital, and you won’t know your exact rate until you pre-qualify and talk to a representative. RefiJet is worth considering if you’re looking for the best auto refinancing loan for your financial situation.

Frequently Asked Questions

Can I trust RefiJet?

Yes. RefiJet is a legitimate refinance marketplace that connects borrowers with other 50 lending partners. The company is accredited by the Better Business Bureau and holds an A+ rating. ⁴

How much does RefiJet charge?

RefiJet’s costs vary depending on the lender and loan terms. The company charges an origination fee of about $695. Most loans through RefiJet don’t have a prepayment penalty, so you can pay off your loan early without extra fees.

Does getting a loan through RefiJet affect my credit score?

Yes. If you decide to move forward with a loan offer, the lender will do a hard credit pull to finalize your loan, which may temporarily lower your credit score.