Clearlane Auto Loan Refinance Review - Make Lemonade

Clearlane Auto Loan Refinance Review

Company Overview: Clearlane

Clearlane is an online marketplace that connects consumers with leading auto finance providers to help them secure financing or refinance their vehicles. Powered by advanced technology, Clearlane delivers fast quotes and wholesale rates from a robust network of national finance providers, along with personalized help and support.Clearlane is powered by Ally Financial and based in California. Clearlane, which is a broker, does not provide auto loans directly. However, Clearlane connects you with its national and regional broker network to offer several loan types, including purchase (buy a new or used car from a dealership), auto loan refinance, lease buyout, or private party purchase (finance a purchase from an individual).

Clearlane Auto Loan Overview

Clearlane offers attractive rates and terms compared with other top auto refinance lenders:

Loan Amount: $5,000 – $75,000

Loan Term: 24 – 84 months

Application Fee: None

Soft Credit Check: Yes

Minimum Vehicle Requirements: 125,000 maximum mileage

Vehicle Age: N/A

How Clearlane Compares: Key Benefits Of A Clearlane Auto Loan

Here are some of the reasons that Clearlane borrowers love to purchase or refinance auto loans with Clearlane:

  • Easy Online Application:You can apply Clearlane Auto Loan completely online.
  • Lender Network: Clearlane searches the best rates among its large partner network.
  • No SSN To Pre-Qualify: Since you don’t need to provide your Social Security Number to pre-qualify, there is no impact to your credit score to check your rate.

Eligibility Criteria

To apply to refinance auto loans with Clearlane, you need to meet the following eligibility criteria:

Requirements To Apply For Clearlane Auto Loan

Minimum Age: At least 18 years old

Citizenship/Residency: U.S. citizen or permanent resident (applies to co-signer too, if any)

States: Available in 48 states (not available in Nevada and Maine)

Employment: You are currently employed

Loan eligibility depends on a number of additional factors, which may include your credit profile, income and total debt payments.

Next Steps: How To Apply To Clearlane

You can apply to Clearlane in 4 easy steps:

  1. Prequalify without your Social Security Number
  2. Speak with a personal loan consultant to review loan options
  3. Choose your prequalified offer and submit to lenders for decision
  4. Get your new auto loan and save money

You can complete the online application (which takes only a few minutes). You can expect to provide at least the following documents:

  • Your most recent pay stubs
  • Your most recent bank statements
  • Driver’s license or passport (or other form of government-issued identification)
  • Your current auto loan information, including name of current lien holder and currently monthly payment
  • Your vehicle information, including make, model, style and current mileage
  • Your employer’s name and contact information

Applying is super easy – get your personalized rate


Best Auto Loan Refinance Rates For 2018

Lender
Rates (APR)
Minimum Credit Score

Overview

Minimum Loan Amount:$8,000
Maximum Loan Amount:$100,000
Minimum Loan Term:24 months
Maximum Loan Term:72 months
Maximum Vehicle Age:N/A
Maximum Mileage:125,000
Minimum Income:$1,800

Details

  • No application fees
  • Compares rates from multiple lenders to find best match for you
  • Available in 48 states (except Hawaii and Alaska)
  • Requires hard credit pull for pre-approval
  • Co-signers permitted

Overview

Minimum Loan Amount:$10,000
Maximum Loan Amount:$90,000
Minimum Loan Term:24 months
Maximum Loan Term:87 months
Maximum Vehicle Age:N/A
Maximum Mileage:100,000
Minimum Income:$2,000

Details

  • No application fees
  • Available in all 50 states
  • Requires hard credit pull for pre-approval
  • Co-signers permitted

Overview

Minimum Loan Amount:$5,000
Maximum Loan Amount:$75,000
Minimum Loan Term:24 months
Maximum Loan Term:84 months
Maximum Vehicle Age:N/A
Maximum Mileage:125,000
Minimum Income:N/A

Details

  • No application fees
  • Compares 150 lenders to find best match for you
  • Available in 48 states (except Nevada and Maine)
  • Requires only soft credit pull for pre-approval
  • Co-signers permitted

Overview

Minimum Loan Amount:$5,000
Maximum Loan Amount:$100,000
Minimum Loan Term:24 months
Maximum Loan Term:84 months
Maximum Vehicle Age:12 years
Maximum Mileage:125,000
Minimum Income:$2,000

Details

  • No application fees
  • Compares rates from multiple lenders to find best match for you
  • Available in all 50 states
  • Requires only soft credit pull for pre-approval
  • Co-signers permitted

Overview

Minimum Loan Amount:$5,000
Maximum Loan Amount:$55,000
Minimum Loan Term:24 months
Maximum Loan Term:72 months
Maximum Vehicle Age:10 years
Maximum Mileage:120,000
Minimum Income:$2,000

Details

  • No application fees
  • Available in all 25 states: Alabama, Arkansas, Arizona, California, Georgia, Idaho, Indiana, Kansas, Maryland, Michigan, Missouri, Montana, Nebraska, New Mexico, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah and Washington
  • Requires only soft credit pull for pre-approval
  • Co-signers permitted

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