FAQs
Can I save money by refinancing my car?
Refinancing your car can potentially save you money. Your savings depends on a multitude of factors including auto loan term, interest rate, where you live, what type of vehicle you are financing, and your credit score. All of these factor into the refinancing process and the final APR on your total loan amount.
Can I pre-qualify to refinance my car?
Yes, it is possible to be pre-qualified for auto refinancing. You can quickly submit your information to check if you qualify. Please Apply to start the process and submit your information.
How much money can I save refinancing my car?
This depends on the refinancing offer you select. If you want to save more money each month, there may be options to lower your monthly car loan payment. The amount of money you save is based on your financial health, term length, interest rate, and other loan factors. The average MotoRefi customer saves about $100* per month on their car payment.
What are the benefits of refinancing my vehicle?
There are several benefits when it comes to refinancing your vehicle. They include saving money on monthly payments, lowering your interest rate, paying off the loan early, lengthening the term of the loan so you have more time to pay, and other things like positioning to buy a house next.
Can I refinance my used car loan?
It is possible to refinance a used car loan. This depends on several factors like the amount of the loan, car's age, vehicle's mileage, and auto loan term.
Can I refinance my car right after I bought it?
Yes, you can usually refinance your car at any time after purchasing it from a dealer. Keep in mind car dealerships often add services and incentives which may end when you refinance the car. This applies to finance-related things like cash back programs, lessee deals, dealership cash offers, rewards programs, and other related things. This does not apply to things like GAP insurance, manufacturer's vehicle warranties, and dealership service contracts.
Can I refinance my car in someone else's name?
Refinancing allows for changes like adding a cosigner. However, your name must remain on the vehicle's title.
Can I have an auto loan cosigner?
Yes, refinancing can give you the opportunity to add a cosigner to the loan. The cosigner requirements vary depending on the lender.
Why is refinancing your car important?
Refinancing your vehicle is a great way to put money back into your monthly budget. When you refinance your car, truck, SUV or other vehicle, you have the opportunity to work with our auto loan officers to understand the lending process better. You can refinance your vehicle with several goals in mind such as extending your term, lowering your interest rate, or just simply saving money on your monthly payment.
Still need help?
Reach out to us!
To begin a cancellation request for your GAP coverage, vehicle service contracts, key replacement, or cosmetic care contract please complete the cancellation form below. All product cancellations will be directed to your lender. If the loan is still open it will be applied to your balance, and if it is closed the lender will send it to you or apply it to an open account you have with them.
NEED TO CANCEL A PRODUCT YOU PURCHASED?
Fast and easy auto refinance
Fast and easy auto refinance
You could save $100+ a month
Put cash back into your wallet. Our customers save an average of over $100/month on their car payments.
Rates as low as 1.99%
APR**
We work with trusted local and community lenders to bring you competitive rates.
Pre qualify in imnutes
Pre-qualify on our secure, fully online platform—without leaving the couch or giving your SSN. ✝︎✝︎
Check your rate
Share minimal information and we’ll find competitive pre-qualified loan options in minutes, without impacting your credit.+ It’s that simple: no obligation and no Social Security number required.++
STEP 1
Select your offer
Pick the refi offer that works best for you, and select from our other products to help protect the value of your vehicle and keep unwanted expenses at bay. Our Customer Support Team is available to help you every step of the way.
STEP 2
Finalize your refinance
Submit a few pieces of documentation and sign your loan refinance documents online. We do the heavy lifting to refinance your loan. Then, it’s time to celebrate all your newfound savings!*
STEP 3
CONTROL EVERY PART OF YOUR CAR OWNERSHIP
Why stop there?
Refinancing through us can unlock add-on products to help you protect the value or your car.
Great rates
Get access to the lowest rates possible, saving you thousands over the life of your loan or policy.
Auto Refinance
An auto refi could save you thousands over the lifetime of your loan.* We make it easy with a simple process and top-notch customer service to boot.
Great rates
Get access to the lowest rates possible, saving you thousands over the life of your loan or policy.
Switch Insurance
Accidents happen. Protect yourself and your wallet with car insurance. We work with trusted national providers to unlock lower rates.
Great rates
Get access to the lowest rates possible, saving you thousands over the life of your loan or policy.
Extended Protection
Mitigate the impact of unexpected car expenses with Extended Vehicle Protection, which could pay for costly repairs and can get you back on the road quickly.
Great rates
Get access to the lowest rates possible, saving you thousands over the life of your loan or policy.
Total Loss Protection
Ensure peace of mind against a total loss of your car with a GAP (Guaranteed Asset Protection) product. It safeguards your wallet if you owe more on your loan than your car is worth.
Great rates
Get access to the lowest rates possible, saving you thousands over the life of your loan or policy.
Key Replacement
Keys could cost more to replace than your smartphone. Take the worry out of misplacing your keys with Key Replacement coverage, which could cover the cost of new keys without a deductible!
Great rates
Get access to the lowest rates possible, saving you thousands over the life of your loan or policy.
Cosmetic Care
Keep your car looking shiny and new with the Cosmetic Care Package. Coverage could include small dents and dings, windshields, rims, wheels, and more.
You could save $100+ a month on your car loan*
REFINANCE WITH CARIBOU
What would do with extra money in your
wallet each month?
Select your offer
Pick the refi offer that works best for you, and select from our other products to help protect the value of your vehicle and keep unwanted expenses at bay. Our Customer Support Team is available to help you every step of the way.
STEP 2
WHY PEOPLE LOVE US
40,000+ happy drivers with
more cash in their wallets
4.3 star overall reviews from our clients on Trustpilot
40,000+ happy
drivers with
more cash in
their wallets
Great rates
Get access to the lowest rates possible, saving you thousands over the life of your loan or policy.
Our refinance representative was very knowledgeable and worked hard to get us the deal we were looking for. I will recommend to all my friends and family.
Andrea
October 26, 2021
Great rates
Get access to the lowest rates possible, saving you thousands over the life of your loan or policy.
Refinanced a vehicle and cut my rate by more than half, shortened my remaining months by 16 and saved almost $2000 in interest fees. Working with Terence W could not have been easier, his communications could not have been better.
Ryan
June 10, 2021
Great rates
Get access to the lowest rates possible, saving you thousands over the life of your loan or policy.
Great service, would highly recommend, they are knowledgeable and very quick to respond.
Sara
October 28, 2021
Convenient, transparent refinancing that puts money back in your pocket, with offers from our network of lenders.
How cancellation works
1. Complete this form
Canceling your product means you will no longer have protection that your contract provides. To begin a request, please complete the form above.
2. Sign your documents
We will email you a vendor cancellation request which requires your approval and signature before being sent to the vendor for processing.
3. Update loan status
The refund process can take up to 4-8 weeks, as we work with external parties to complete these requests and determine the status of your loan.
Still need help?
Reach out to us!
To cancel your coverage, please complete the following form to get the cancellation request for your GAP coverage, vehicle service contracts, key replacement, or cosmetic care contract started. All product cancellations will be directed to your lender. If the loan is still open it will be applied to your balance, and if it is closed the lender will send it to you or apply it to an open account you have with them.
Having issues cancelling? Please email
contact@gocaribou.com