5 Best Auto Refinance Companies of 2021

Did your credit score enjoy some recent improvements? Are you having a hard time paying for your auto loan? If any or both of these questions got a yes for an answer, then, it’s time for you to refinance your auto loan. If you are currently on the quest for the best auto refinance option for you, here are the top 5 best auto refinance companies of 2021 worth adding to your list of choices.

Top 5 best auto refinance companies of 2021

1. Auto Credit Express

Auto Credit Express is a great option if your credit is poor. They have an extensive network with more than 1,000 dealer partners that specialize in helping people who have bad credit to refinance or secure their existing auto loan. But they also offer excellent options suitable for those borrowers with excellent credit.

To be qualified for refinancing, it is important to stay current on your payments every month and have equity on your vehicle. The Better Business Bureau has accredited Auto Credit Express with an A+ rating.

2. AutoPay

The online marketplace of AutoPay provides rates of as low as 5.49% on car loan refinancing. There are three types of refinancing that customers can choose from, and these are lease payoff refinancing, cashback refinancing, and traditional refinancing.

AutoPay also caters to consumers regardless of their types of credit. It means that you can still be qualified for a more competitive rate even if you have bad credit. Once you have submitted your prequalification application, they will do a soft pull to ensure that it won’t affect your credit score.

3. LendingTree

LendingTree is one smart choice if you want to explore several lenders by just completing a single application. This is an online marketplace that lets you choose your preferred loan terms that can reach up to 84 months. You can also view offers with no effects on your credit. Prior to submission of your application, their online tool is also available for use so you can view the auto refinance rates according to location.

4. MyAutoLoan

MyAutoLoan is another online marketplace where you can get a maximum of four offers for auto loan refinancing all at once. Those who have outstanding credit can enjoy auto loan rates for as low as 2.24%. However, just because you have bad credit doesn’t necessarily mean that you won’t be qualified.

Application is easy and once you are approved; you will get a check or online certificate in just a matter of 24 hours. All you have to do is submit an online application, browse through the different offers for auto refinance loans, and choose the one that is most suitable for your specific needs. The lender will be the one to handle everything for you after you have submitted all the required paperwork.

5. rateGenius

rateGenius may be able to help lower your payments every month if you have average credit. The average customer savings can even reach up to $78. The company operates in all 50 states and has partnered with more than 150 lenders all over the country with excellent customer satisfaction.

For you to be qualified, your auto loan should be over $10,000 and lower than $90,000. Your vehicle should not be over 10 years old, and it shouldn’t have over 150,000 miles on it. Your monthly earnings should be $2,000 or more with a credit score of at least 525.5

These are the 5 best Auto Refinance Companies for the year 2021.