AutoPay
Best refi marketplace
4.8
- APR
- 4.99–17.99%
- Min. credit
- 560+
- Loan amount
- $5K–$100K
- Term
- 24–96 mo
Best of 2026 · Refinance
Best Auto Loan Refinance Companies in 2026
Refinancing your auto loan is the single fastest car-money win available — drivers who refinance within 12 months of buying typically cut their APR by 3–6 percentage points. The lenders below let you compare offers with a soft pull (no credit impact).
Rates as of May 23, 2026
Top auto refinance companies
Live APR ranges, refreshed regularly. Soft-pull pre-qualification available at most lenders below.
| Lender | APR | Min. credit | Loan amount | Term | Rated | |
|---|---|---|---|---|---|---|
AutoPay Best refi marketplace | 4.99–17.99% | 560+ | $5K–$100K | 24–96 mo | 4.8 | |
Caribou Best for subprime refi | 5.49–17.99% | 580+ | $8K–$80K | 24–84 mo | 4.7 | |
LightStream Best for prime refi | 6.49–13.74% | 660+ | $5K–$100K | 24–84 mo | 4.6 | |
PenFed Credit Union Best credit union refi | 5.24–17.99% | 610+ | $500–$150K | 36–84 mo | 4.5 |
Caribou
Best for subprime refi
4.7
- APR
- 5.49–17.99%
- Min. credit
- 580+
- Loan amount
- $8K–$80K
- Term
- 24–84 mo
LightStream
Best for prime refi
4.6
- APR
- 6.49–13.74%
- Min. credit
- 660+
- Loan amount
- $5K–$100K
- Term
- 24–84 mo
PenFed Credit Union
Best credit union refi
4.5
- APR
- 5.24–17.99%
- Min. credit
- 610+
- Loan amount
- $500–$150K
- Term
- 36–84 mo
APR ranges are sourced from each lender's public site and are updated regularly. Your actual rate depends on credit history, loan amount, vehicle, and state. CarSavr may earn a commission when you apply through our links — it never affects how we rank lenders.
How we ranked these
Our methodology for drivers refinancing existing auto loans
- Refi-only specialists
Lenders that specifically focus on auto refinance, not just purchase loans.
- Soft-pull pre-qualification
Compare offers without impacting your credit.
- Wide credit band
Approves borrowers from 580 FICO to 800+.
- No prepayment penalty
You can pay off or re-refinance again without fees.
Keep reading
Frequently asked questions
How soon after buying can I refinance?
Most lenders require 30–90 days of on-time payments on the original loan. Many refi lenders won't quote you until your loan is at least 60 days old.
When is refinancing worth it?
If your new APR is at least 1 percentage point lower than your current rate AND you're keeping the car for at least 12 more months, the math usually works. Run the numbers in our refinance calculator.
Will refinancing hurt my credit?
Short-term: 3–5 points for the hard pull. Long-term: typically no impact, and your DTI may improve if the new loan has a lower payment. Net positive within 60 days.
Can I refinance with negative equity?
Yes, if you're under 130% LTV. Above that, most lenders decline. The fix: pay down the principal $1,500–$3,000 first, then refinance — or roll the negative equity into a private-party sale + new lower-rate loan.