How much can St. Paul drivers save by refinancing?

A typical $22,000 auto loan with 48 months remaining at the 9.2% national pre-refi median saves about $24/month — $1,141 over the remaining term — when refinanced at Minnesota's current 6.9% APR.

Which lenders refinance auto loans in St. Paul?

Any refinance lender licensed in Minnesota can refinance loans for St. Paul residents. Local credit unions typically offer the lowest APRs for prime borrowers; national online lenders are often faster but slightly more expensive.

Will refinancing hurt my credit score in St. Paul?

Most refinance lenders (including LightStream, AutoPay, Caribou, and PenFed) offer soft-pull pre-qualification first — this does NOT affect your credit. Only the final hard pull (after you accept an offer) reports to the credit bureaus, typically dropping your FICO 5–10 points temporarily.

Refinance · St. Paul, MN

Refinance an auto loan in St. Paul.

Q: What's the average refinance APR in St. Paul?

St. Paul sits inside Minnesota's refinance market, where the average refinance APR is 6.9% for a 48-month auto refi at 720+ FICO. St. Paul's refinance market follows Minnesota's broader lender mix — compare 3+ local credit unions plus 1–2 online refinance lenders for the best APR. Dealer-payoff turnaround typically runs 3–7 business days in Minnesota.

Minnesota's average auto refi APR sits at 6.9% — typical $22,000 loan refinanced from the 9.2% pre-refi median saves about $24/mo over the remaining 48 months. St. Paul's refinance market follows Minnesota's broader lender mix — compare 3+ local credit unions plus 1–2 online refinance lenders for the best APR. Dealer-payoff turnaround typically runs 3–7 business days in Minnesota.

Reviewed by CarSavr Editorial TeamEditorial standards

Minnesota avg refi APR

6.9%

60-month new-car refi · 720+ FICO · Experian Q4 2025

Est. monthly savings

$24

Typical $22,000 balance · 48mo remaining · 9.2% → 6.9%

Lifetime savings

$1,141

Over the remaining 48 months

Advertiser disclosure: Offers below are from partners that compensate us when you click or apply. Compensation does not determine our rankings. How we make money.

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Rates as of Jun 1, 2026

950+ compared this week

Today's refinance offers for St. Paul drivers

Compare APR + funding speed across vetted refi lenders. St. Paul residents can apply to any refi lender licensed in Minnesota.

Comparing 7 lenders· Rates verified Jun 1

Data last reviewed Jun 1, 2026. Source: CarSavr editorial methodology.

Free to compare · No obligationHow we score

Sort:

Lender	APR	Min. credit	Loan amount	Term	Rated
1 AutoPay Editor's pick	4.99–17.99% Total int. ~$3,300 · $25k · 60mo	560+	$5K–$100K	24–96 mo	Reviewed today	Free · Soft pull · No obligation
2 Caribou Best for subprime refi	5.49–17.99% Total int. ~$3,645 · $25k · 60mo	580+	$8K–$80K	24–84 mo	Reviewed today	Free · Soft pull · No obligation
3 Carputty Soft-pull · subprime-friendly · luxury ceiling	5.49–19.99% Total int. ~$3,645 · $25k · 60mo	580+	$8K–$250K	24–96 mo	Reviewed today	Free · Soft pull · No obligation
LightStream Best for prime refi	6.49–13.74% Total int. ~$4,342 · $25k · 60mo	660+	$5K–$100K	24–84 mo	Reviewed today	Free · Soft pull · No obligation
RateGenius 150+ partner lenders · 25 years in market	5.39–17.99% Total int. ~$3,576 · $25k · 60mo	580+	$10K–$100K	12–72 mo	Reviewed today	Free · Soft pull · No obligation
PenFed Credit Union Best credit union refi	5.24–17.99% Total int. ~$3,472 · $25k · 60mo	610+	$500–$150K	36–84 mo	Reviewed today	Free · Soft pull · No obligation

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