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RefiJet auto loans: 2024 review

2024-01-01 14:00:00

At a glance

Rating: 3.5 stars out of 5

Bankrate Score

  • Availability
    Rating: 3.3 stars out of 5
  • Affordability
    Rating: 3.3 stars out of 5
  • Customer Experience
    Rating: 3.6 stars out of 5
  • Transparency
    Rating: 4 stars out of 5
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About RefiJet

  • Moneybag

    Loan amount


  • Credit Good

    Min. credit score


  • Rates

    APR from


  • Funds available in

    3 to 12 days

RefiJet auto loans are best for customer support 

Refinancing your vehicle can be overwhelming. It is important to weigh all loan options carefully and ensure you truly are walking away with a better deal. For the hesitant borrower, RefiJet will help minimize the refi process’s stresses.

RefiJet will match you with an experienced financial expert that can hold your hand throughout the application and funding experience. The team of advisors will assist you in choosing the best refinance option and will even handle all of the paperwork necessary.

RefiJet pros and cons

RefiJet auto loans can simplify how you shop for rates, but it’s not without its drawbacks. 

Green circle with a checkmark inside


  • Prequalification available
  • Payment-free period
  • Draw on your car’s equity
Red circle with an X inside


  • Potentially multiple fees
  • Full application not online
  • Not a direct lender

If you’re looking to refinance your vehicle with a private lender, there are an array of companies large and small to choose from. RefiJet is focused specifically on auto refinance loans and has been Better Business Bureau (BBB) accredited since 2016, where — at the time of this writing — it holds an A+ rating.

Do you qualify?

In order to qualify with a lender in RefiJet's partner network, you'll need to meet a few eligibility requirements.

RefiJet versus Gravity

Gravity is another online loan marketplace that offers refinance and lease buyout loans for drivers. Gravity discloses a bit more information for its borrowers regarding credit requirements and loan amounts. For those unsure of their acceptance, Gravity might be a better option. Both lenders boast excellent customer service with loan officer guidance throughout the entire process. 

Read our RefiJet vs Gravity breakdown

RefiJet versus iLending

iLending is another strong contender for those looking to refinance their current loans. The lending marketplace similarly offers a lender specialist to assist you throughout the loan process. However, iLending's website does not disclose many of its requirements, which can cause some borrowers pause. 

Read our RefiJet vs iLending breakdown

What we like and what we don’t like

RefiJet can simplify how you shop for rates, but it’s not without its drawbacks. 

What we like

  • Prequalification available: RefiJet lets you view personalized rate quotes from lenders without a hard credit check.  
  • Payment-free period: Qualified borrowers enjoy a two-month hiatus from monthly auto loan payments.  
  • Draw on your car’s equity: You can get cash back from the equity in your vehicle if you refinance your auto loan.  

What we don’t like

  • Potentially multiple fees: Some lenders assess loan origination fees that can be costly. On top of these, RefiJet charges a $395 processing fee.
  • Full application not online: You will need to speak with a team member after submitting the initial online form to prequalify for financing.
  • Not a direct lender: While not a downside for all, RefiJet does not fund auto loans itself but rather connects borrowers to lenders. Having a middleman means the convenience of easy comparison but can also mean extra costs.

How to contact RefiJet

You can call 800-260-5355 to speak with a customer service representative, send an email to or submit an online inquiry using the form found on the website for further assistance. Customer support is available Monday through Friday from 7 a.m. to 7 p.m. MST. 

Auto loan types offered 

Whether you want to refinance your current auto loan or buy out your lease, RefiJet has you covered. 


  • Amounts: $5,000-$100,000
  • Terms: 24-96 months
  • APR: 5.29%-21.99%

You won't find new or used auto loans with RefiJet, instead, it focuses on matching potential borrowers with lenders that offer auto refinance loans. While it doesn't offer specific APR ranges on its site, you can prequalify to check your potential rates before fully applying.

Lease buyout 

  • Amounts: $5,000-$100,000
  • Terms: 24-96 months 
  • APR: 5.29%-21.99%

If you prefer to keep your leased vehicle instead of turning it in and searching for a new ride, you can buy out your lease and avoid excess mileage or wear and tear fees. RefiJet helps you find a loan with a term and monthly payment that work for you. There is also no prepayment penalty if you decide to pay the loan off early to save money on interest. 

How to apply for a loan with RefiJet

When you’re ready to apply for refinancing, here’s how to move forward: 

Features and additional perks

RefiJet offers a few special features for its borrowers. One is the Spanish version of the website: Drivers can translate the entire experience through one simple click. Along with this, qualified borrowers can secure a two-month payment-free period. 

RefiJet also encourages borrowers to roll on additional products such as gap insurance or extended warranty. 

Fees and penalties 

There are a few potential fees that come with a RefiJet backed loan. These include potential origination fees from your specific lender along with a processing fee of $395. 

RefiJet FAQs

How Bankrate rates RefiJet

Overall score 3.5
Availability 3.3 RefiJet doesn’t list what states it’s available in, and its loan amount range isn’t disclosed on the website.
Affordability 3.3 RefiJet doesn’t specify a minimum or maximum APR. It also charges a steep fee.
Customer experience 3.6 RefiJet doesn’t have an app available, nor does it provide its customer service hours, but it does have a quick funding timeline and its lenders offer recurring payments.
Transparency 4.0 You can prequalify with RefiJet and get quotes from several lenders, but complete rates and fees are not available on its website.


The Bankrate team assessed more than 35 auto lenders to find the best. To rate lenders specializing in auto refinance loans, Bankrate considers 16 different criteria, including the loan amount, disclosed APR and acceptance criteria. Each lender receives a Bankrate score based on four categories

  • Availability: This accounts for loan amounts, vehicle restrictions and availability in each state. Lenders that serve customers nationwide with flexible loan amounts rank higher.
  • Affordability: Primarily, this section covers expected APR, acceptance criteria, discounts for autopay and the number of fees. Lenders with the lowest rates, fewer fees and and most generous acceptance criteria receive higher scores.
  • Customer experience: Our team looked at how easy it is for customers to apply for and manage their loans. Criteria include online access, support availability, funding timeline, option for automatic payment and app availability.
  • Transparency: This includes prequalification and disclosure of rates and fees. We favored lenders that make it easy for customers to preview possible costs.

Editorial disclosure: All reviews are prepared by staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the lender’s website for the most current information.

Written by
Rebecca Betterton
Writer, Auto Loans and Personal Loans
Rebecca Betterton, a Certified Financial Education Instructor℠, is a writer for Bankrate who has been reporting on auto loans since 2021.
Edited by Editor, Personal and Auto Loans