AUTO LOAN REFINANCE

The faster, easier way to refinance your auto loan

Compare auto loan refinance options from dozens of lenders in one easy place.

Get Started

on Caribou’s website

WHY CARIBOU

See how you can save on your auto loan

Lower your monthly payment
Caribous customers save an average of over $130/mo* on their car payments.
Shop competitive rates
Caribou works with trusted local and community lenders.
Do it all online
Submit your application without leaving the couch or giving your SSN.++
Get Started

on Caribou’s website

HOW IT WORKS

A better auto loan in 3 simple steps

Check your rate
With just a few questions, Caribou finds you prequalified loan options without impacting your credit score.+
Select an offer
Pick the refi offer that works best for you, and select from other products to help protect the value of your vehicle.***
Finalize your refinance online
Submit a few pieces of information and sign your loan refinance documents online. Caribou takes care of the rest.

REASONS TO REFINANCE

Unlock add-on products to protect your vehicle***

Key replacement.
Take the worry out of misplacing your keys with Key Replacement coverage, which could cover the cost of new keys without a deductible!
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.
Extended protection.
Extended Vehicle Protection could pay for costly repairs and get you back on the road quickly.

FAQ

Frequently asked questions about auto loan refinancing

Why would I refinance my vehicle?View

Many people refinance their auto loan because they can get better terms than when they first bought the car. Refinancing can save you money over the lifetime of your loan by lowering your monthly payment, saving on interest, or both!

What kind of vehicles does Caribou refinance?View

Caribou currently works with all passenger vehicles including cars, trucks, and SUVs. At this time, they do not refinance motorcycles or commercial vehicles.

How does checking rates on Caribou work?View

First, you fill out a short application on Caribou’s website. This provides general information about you, your vehicle, and your current auto loan. Caribou then searches for competitive refi options in just a few minutes. If you prequalify, you’ll see rates from lenders with no obligation to move forward.

Will checking rates on Caribou affect my credit score? View

No. Caribou conducts a “soft” credit pull to check the rates and terms you’re eligible for. This does not impact your credit score. If you choose to move forward with a loan and continue your application, at that point Caribou or the lending partner will request a full credit report, which involves a hard credit pull that may affect your credit score.

Refinance your auto loan today

Checking rates won’t affect your credit score.+

Get Started

* This information is estimated based on consumers whose auto refinance loan funded through Caribou between 10/1/2023 and 9/30/2024, and had an existing auto loan on their credit report. These borrowers saved an average of $130.83 per month, with annualized savings of $1,569 per year. Refinance savings may result from a lower interest rate, longer term, or both. There is no guarantee of savings. Your actual savings, if any, may vary based on interest rates, the repayment term, the amount financed, and other factors.

+ To check the refinance rates and terms you qualify for, Caribou conducts a soft credit pull that will not affect your credit score. However, if you choose a loan product and continue your application, Caribou or one of their lending partners will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

++ Social Security number is required should you choose to move forward in the loan application process.

** APR is the Annual Percentage Rate. Your actual APR may be different. Your APR is based on multiple factors including your credit profile and the loan to value of the vehicle. APR ranges from 5.48% to 28.55% and is determined at the time of application. Lowest APR is available for a 36 month term, to borrowers with excellent credit. Conditions apply. Advertised rates and fees are valid as of 9/11/24 and are subject to change without notice.

*** Optional products such as vehicle service contracts are available to help customers protect the value of their cars. Optional products are not required as a condition to refinance a loan.