Refinancing your auto loan can save you money through lower monthly payments, reduced interest, or both. Initially, your loan might have come from the dealership with promotional offers that have since expired, making it more expensive. By refinancing with a new lender, you can secure a lower rate, change the loan term, and access additional products to protect the value of your car. Additionally, changes in your financial situation may qualify you for a lower rate than your original loan.

Caribou is an auto refinance marketplace. We shop and compare on your behalf, using technology to make auto refinancing more user-friendly. We offer competitive terms from a network of highly trusted lenders from across the U.S. to ensure we can bring you competitive rates. We are committed to putting the interests of our customers above all else, offering additional products that save them money and protect the value of their vehicles.

The whole refinancing process is quick and easy and can be completed in just a few days.

Step 1: Fill out a short application that covers information about you, your current auto loan, and your vehicle.
Step 2: View rates and select the offer that best fits your needs.
Step 3: Lock in your rate and upload a few documents using our online platform

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.

Yes, it is possible to be pre-qualified for auto refinancing. To check your rates through Caribou, you’ll fill out a short application that provides us with general information about you, your current auto loan, and your vehicle. Then our technology gets to work, searching for competitive refi loan options for you in minutes. If you qualify, you’ll see offers from our lenders with no obligation, no impact to your credit score,+ and no SSN required.++

Caribou provides services to the lender to help close your loan, such as processing documents and retitling your vehicle. Caribou charges the lender a $499 processing fee solely to cover these services. Your lender may include the $499 processing fee or other fees in your refinanced loan amount and in the APR that your lender will disclose to you.