A car loan that made sense when you bought your vehicle might not be the best fit forever.
Your credit may have improved, interest rates may have changed, or your monthly payment may simply feel too high for your current budget.
RefiJet is an auto refinancing marketplace that works with multiple lending partners to help eligible borrowers explore new loan options. Depending on the offer, refinancing could mean a lower monthly payment, lower APR, different repayment term, or access to vehicle equity.
Here’s how RefiJet auto refinancing works in 2026, what it offers, and what borrowers should consider before replacing their existing car loan.
What RefiJet Auto Refinancing Actually Is
RefiJet specializes in helping borrowers replace an existing auto loan with a new loan from one of its lending partners.
The company launched in 2016 and works with banks, credit unions, and other financial institutions serving a range of credit profiles.
Refinancing may help eligible borrowers:
- Lower Monthly Payments
- Reduce Their APR
- Change Loan Terms
- Access Vehicle Equity
- Explore Multiple Lenders
RefiJet isn’t the lender itself. It helps match borrowers with potential lending options, while the lender ultimately makes the underwriting and approval decision.
Why Refinance Your Car Loan?
The basic idea behind refinancing is simple.
Your new auto loan pays off and replaces your existing loan.
The new loan comes with new rates and terms, which could potentially improve your financial situation.
| Goal | How Refinancing May Help |
| Lower Payment | Different terms could reduce the monthly amount |
| Lower APR | Improved credit or better rates could reduce interest |
| Change Term | Choose a shorter or longer repayment period |
| Access Equity | Eligible borrowers may qualify for cash back |
| Change Lender | Replace your existing lender with a new one |
A longer term can lower the monthly payment, but it may also increase the total interest paid over the life of the loan.
RefiJet Rates, Terms & Potential Savings
RefiJet currently advertises an estimated APR range of:
4.29% – 21.99% APR
Available repayment terms currently range from:
24 – 96 Months
These advertised rates were listed as current as of June 2026 and are subject to change.
Your actual rate and terms depend on factors including your credit profile, income, existing debt, vehicle, loan balance, and lender.
RefiJet also reports that, among a specified group of funded refinances, customers reduced their average APR from 16.81% to 9.63% and their average monthly payment from $727 to $596.
These are historical averages for the referenced loans, not guaranteed savings for every borrower.
No Fee to Apply & Soft Credit Check
One advantage of exploring RefiJet is that there is no fee to apply.
RefiJet also says its initial pre-qualification review uses a soft credit pull, allowing borrowers to explore potential options without that initial check affecting their credit score.
If you decide to formally move forward with a refinance application, the lender may conduct a hard credit inquiry, which can temporarily affect your credit score.
How the RefiJet Refinancing Process Works
1. Tell RefiJet About Your Loan
Provide information about yourself, your vehicle, and your existing auto loan.
2. Explore Potential Options
RefiJet evaluates your information against criteria from its lending partners to identify programs for which you may qualify.
3. Choose an Offer
Compare available rates, payments, terms, and other loan details.
4. Complete the Application
Once you select an option, RefiJet submits your application to the chosen lender for underwriting.
5. Finalize Your New Loan
If approved and accepted, loan documents are completed and the existing auto loan is paid off.
6. Update the Vehicle Title
RefiJet assists with the title process and connects you with the new lender.
Who May Qualify for RefiJet?
Eligibility ultimately depends on the lender, but RefiJet highlights several common requirements for pre-qualification.
- Verifiable Income
- History of On-Time Loan Payments
- Vehicle Typically 10 Years Old or Newer
- Full-Coverage Auto Insurance
- Valid Driver’s License
- Valid Vehicle Registration
RefiJet notes that borrowers who are current on their existing loan and have made on-time payments for at least the previous six months may be in a stronger position to refinance.
Documents You May Need
Getting your documents ready can make the refinancing process easier.
Common requirements include:
Driver’s License • Vehicle Registration • Odometer Photo • Proof of Insurance
Depending on the lender and borrower, additional documents may include:
Proof of Income • Power of Attorney • Other Financial Documentation
RefiJet provides a secure portal for uploading required documents.
Cash Back From Your Vehicle Equity
Refinancing isn’t limited to changing your interest rate or monthly payment.
Eligible borrowers with sufficient equity in their vehicle may be able to choose a cash-back refinance.
This allows qualifying borrowers to potentially access some of the equity they have built in the vehicle while replacing their existing loan.
Eligibility and the amount available depend on the vehicle, existing loan, new lender, and borrower profile.
Auto Refinance Calculator
RefiJet provides a calculator for estimating how refinancing could change your car loan.
You’ll generally enter information such as:
- Current Interest Rate
- Loan Balance
- Monthly Payment
- Remaining Loan Term
You can then compare different rates and repayment periods to estimate your potential payment and savings.
Calculator results are estimates rather than guaranteed refinance offers.
GAP & Extended Service Contracts
RefiJet also offers optional protection products that may be available with an eligible refinance.
Guaranteed Asset Protection (GAP)
GAP is designed to help cover the difference between the amount owed on the vehicle and its value if the vehicle is stolen or declared a total loss, subject to the product’s terms.
Extended Service Contracts
Extended Service Contracts can provide additional protection against certain eligible vehicle repair expenses.
Both are optional products, and adding them to the refinance loan increases the amount financed.
RefiJet Pros and Cons
| Pros | Cons |
| Multiple lending partners | Approval isn’t guaranteed |
| No fee to apply | Lowest advertised APR isn’t available to everyone |
| Initial soft credit pull | Formal application may involve a hard inquiry |
| Potential lower APR | Longer terms may increase total interest |
| Potential lower monthly payment | Vehicle and borrower requirements apply |
| Cash-back options for eligible borrowers | Some refinancing costs may apply |
| Online refinancing process | Optional protection products cost extra |
| Assistance with title process | Final terms depend on the lender |
Is RefiJet Auto Refinancing Worth It?
RefiJet may be worth exploring if your current auto loan no longer works well for your finances.
It could be particularly useful if:
Your Credit Has Improved • Rates Have Fallen • Your APR Is High • Your Monthly Payment Is Too High • You Want Different Loan Terms
The ability to pre-qualify with a soft credit check can also make it easier to see potential options before deciding whether to proceed with a formal application.
But a lower monthly payment doesn’t automatically mean a better deal.
Extending your repayment period could reduce what you pay each month while increasing the total interest you pay.
Borrowers should compare the APR, term, monthly payment, fees, and total loan cost before accepting a refinance offer.
Frequently Asked Questions
What is RefiJet?
RefiJet is an auto refinancing marketplace that helps consumers explore refinancing options from multiple lending partners.
Does RefiJet charge a fee to apply?
RefiJet currently states that there is no fee to apply.
Does checking RefiJet hurt your credit score?
The initial pre-qualification process typically involves a soft credit check. A hard inquiry may occur if you proceed with a formal refinance application.
How long does auto refinancing take?
RefiJet says refinancing can typically take anywhere from a few days to two weeks, although timing depends on the lender, documentation, and state title-transfer requirements.
Can RefiJet lower your monthly car payment?
Potentially. A lower APR, longer repayment term, or different loan structure may reduce the monthly payment, but individual results aren’t guaranteed.
Final Verdict
RefiJet brings multiple lending partners, online pre-qualification, soft credit checks, flexible loan terms, cash-back options, refinancing support, and title assistance together in one auto-refinancing service.
Its biggest advantage is convenience. Instead of approaching lenders individually, eligible borrowers can explore potential refinance options based on their vehicle, existing loan, credit profile, and financial goals.
The most important consideration is the new loan’s total cost, not simply whether the monthly payment goes down.
For drivers looking to lower their APR, adjust their monthly payment, change their loan term, or explore a better fit for their current car loan, RefiJet is worth considering in 2026.
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