Many or all companies we feature compensate us. Compensation and editorial research influence how products appear on a page. Auto Loans RateGenius Auto Refinance Review Updated Jun 13, 2023   |   4-min read Reviewed by Aly Yale Reviewed by Aly Yale Expertise: Home equity, mortgages, real estate Aly Yale is a freelance writer with more than a decade of experience covering real estate and personal finance topics. Learn more about Aly Yale Learn MoreEditorial RatingEditorial RatingWhat we like:Easy application process, access to over 150 lenders, lease buyout options availableAPR1.99% – 18.87%Loan Amounts$10,000 and upTerm LengthsUp to 72 monthsMinimum Credit Score550See how this company compares to top rated auto loansCompare Auto Loans RateGenius is an auto loan refinancing marketplace. Using its platform, consumers can apply to refinance their existing car loans. This potentially lowers their interest rates and, by extension, their monthly payments. It’s a good option for car owners looking to get several refinancing rate quotes at once, as well as those who may need help with the application process. In this review: RateGenius Auto Loan Refinancing: At a glancePros and consWho’s eligible?Applying with RateGeniusWhat else is offeredHow to contact RateGeniusWhere to find alternatives RateGenius Auto Loan Refinancing: At a glance AutoGenius Auto RefinanceAPR1.99% – 18.87%Loan Amounts$10,000+Term LengthsUp to 72 monthsMinimum Credit Score550Minimum Annual Income$24,000Maximum Vehicle Age10 yearsMaximum Mileage120,000 The RateGenius auto refinancing marketplace streamlines the rate-shopping process for consumers looking to refinance their car loans. The application is quick and fully online. You can even add in a co-borrower’s information if you have one. If you’re leasing your vehicle, RateGenius also offers lease buyouts. GAP coverage and other insurance options are available through the marketplace via RateGenius’ insurance agency. The marketplace is best reserved for consumers with good credit scores (under 550 is not accepted) and newer vehicles. Cars that are older than 10 years or have over 120,000 miles aren’t eligible for refinancing through RateGenius. The same applies to commercial vehicles and company cars. Finally, eligible customers’ current loans must have been funded at least a month ago. Pros and cons of RateGenius auto loan refinancing Pros Easy online application process Access to insurance options Lease buyouts available A- rating with the Better Business Bureau No set fees (but additional fees may come from your lender) Over 150 participating lenders Cons Requires a hard credit pull that could lower your credit score Not available for commercial vehicles or those used for business Must have at least 24 months left on your loan Only balances between $10,000 and $55,000 are eligible Older cars not accepted Who’s eligible to get a RateGenius auto refinance loan? RateGenius has eligibility requirements for borrowers, their vehicles, and their existing loans. Here are the general qualifications you’ll need to meet to be eligible: RateGenius EligibilityCar TypesCars, trucks, SUVsOnly personal use vehiclesMileage< 120,000Vehicle Age< 10 yearsExisting LoanMinimum balance of $10,000Closed at least a month priorHave 24 months of payments or more leftCredit Score550 or higherIncome$24,000 per year or higherCo-borrower allowed?YesMaximum LTV125% or lessMaximum DTI50% or less Applying for a RateGenius auto refinance loan The RateGenius auto refinance application can be completed online or over the phone. In order to complete your application, you’ll need information like: Your car’s make, model, mileage, and VINYour income and employment infoThe income and employment info of your co-borrowerYour and your co-borrower’s Social Security numbers Once you’ve filed your application, the following will happen: RateGenius will pull your credit and review your application. RateGenius will process your application and match you with appropriate lenders within 24 to 48 hours.You’ll get to pick your loan and lender. You may get several offers from the platform’s 150-plus lender partners. You’ll review these options and pick the best one.You’ll finalize your loan application. You can do this online through the RateGenius website with some lenders. In certain cases, finalization may require manual paperwork that can be mailed to your house. What else RateGenius offers RateGenius offers a few additional products on top of its refinancing options. These include: Vehicle service contracts: Vehicle service contracts help you cover repair and maintenance costs associated with your vehicle. They function much like extended warranties. GAP waivers: GAP helps you in the event your car is totaled and you still owe money on it. When this occurs, GAP protection pays the difference between the value of your totaled car and your loan balance. Insurance offers: Because RateGenius has its own internal insurance agency, you may also be contacted about various other insurance options after applying for a loan. How to contact RateGenius You can contact RateGenius in a number of ways. Here’s their most up-to-date contact info: Phone number: 866-728-3436Email: [email protected]Address: 9300 United Dr., Suite 180, Austin, Texas 78758 Where to find alternatives to RateGenius RateGenius offers access to a number of lenders all at once. Still, before any loan or refinance, we always recommend using our auto loan refinance calculator to determine how much you could potentially save and then shopping around thoroughly. This ensures you find the best possible rate and the best possible terms for your specific needs. To get started on your refinancing journey, check out the best auto loan refinance companies rated by our Editorial Team. How we rated RateGenius’ auto refinance loan After our thorough RateGenius review, the company received a 3.62 out 5 rating. This makes it the fifth-highest-rated auto loan refinancing option on our site. Our reviews are based on APRs, term lengths, borrowing limits, maximum car age, maximum miles allowed on the vehicle, BBB rating, state eligibility, and more. For additional information on our rating process, check out our methodology here.