RateGenius Auto Loan Refinance Review - Make Lemonade

RateGenius Auto Loan Refinance Review

Company Overview: RateGenius

Founded in 1999 in Austin, Texas, RateGenius is an auto loan broker with a network of 150+ lenders nationwide. RateGenius is focused on auto loan refinance, and has saved its customers, on average, $89 per month. RateGenius helps shop for the best auto loan rates among its partners, and helps you complete the auto loan refinance application with that lender. RateGenius is available in all 50 states, and many of its partners are credit unions. Importantly, RateGenius refinances cars, trucks and SUVs. For motorcycles, RVs and ATVs, RateGenius can provide auto loan refinancing with a minimum balance threshold.

RateGenius Auto Loan Overview

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

Loan Amount: $10,000 – $90,000

Loan Term: 24 – 87 months

Application Fee: None

Soft Credit Check: No; hard credit pull required for pre-approval

Minimum Vehicle Requirements: 100,000 maximum mileage

Vehicle Age: N/A

How RateGenius Compares: Key Benefits Of A RateGenius Auto Loan

Here are some of the reasons that RateGenius borrowers love to refinance auto loans with RateGenius:

  • Easy Online Application:You can apply for a RateGenius Auto Loan completely online.
  • Lender Network: RateGenius searches the best rates among its large partner network.
  • National Reach: RateGenius is available in all 50 states.
  • Auto Loan Refinance: RateGenius is focused solely on auto loan refinance.

Eligibility Criteria

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

Requirements To Apply For RateGenius 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 50 states

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.

Bottom Line: Is RateGenius right for you?

RateGenius is a marketplace that can show you rates through its partner network.

To apply to refinance auto loans with RateGenius, you generally need a minimum credit score of 525-550. However, many people who get approved to refinance auto loans through RateGenius have a credit score greater than 675. You will also need minimum income of $2,000 per month or $24,000 per year. If you do not meet this requirement, you can apply with a cosigner who meets this minimum threshold.

RateGenius also makes the online application easy because you apply for your auto loan completely online.

Next Steps: How To Apply To RateGenius

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


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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