Auto loan refinancing

2. Navy Federal Credit Union — best for eligible military households

Published used-auto APR from 4.79% for 12–36 months, as of October 6, 2026.

A strong option if you're eligible for membership. Navy Federal also advertises a $200 incentive for qualifying refinances of $5,000 or more from another lender. The shortest-term rate is not necessarily available for an older, high-mileage car.www.navyfederal.org

Check Navy Federal refinance rates

3. myAutoloan — best for comparing offers

Advertised starting APR: 4.09%.

Useful for comparing loan options without contacting every lender individually. Its stated vehicle eligibility generally limits refinancing to cars no more than 10 years old and under 125,000 miles, so check eligibility if your vehicle is older.

Compare myAutoloan offers

Rate and eligibility details:www.bankrate.com

4. Autopay — best for shopping multiple lenders

Advertised starting APR: 4.85%.

A marketplace that matches borrowers with lenders and offers co-applicant options. It can be worth trying when your credit profile is less than perfect, although the lowest rate requires excellent qualifications and fees may apply.

Compare Autopay offers

Published offer details:www.bankrate.com

5. Caribou — worth checking for an older car

A refinance marketplace that works with partner lenders. LendingTree reports that Caribou accepts vehicles up to 20 years old, subject to mileage, balance, and other eligibility rules.

This is particularly relevant if your vehicle is too old for some of the direct lenders above.

Explore Caribou refinancing

Eligibility details:www.lendingtree.com

What rate should you realistically target?

LendingTree's latest published marketplace data for Q2 2026 gives a useful benchmark for refinance offers by credit score.www.lendingtree.com

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These are historical marketplace averages, not guaranteed offers. If your current APR is 15%, 18%, or higher, even an offer above the advertised minimum could represent meaningful savings.

How being a homeowner can help

Your homeownership can be relevant because lenders may consider your income stability, overall debt obligations, and credit history. However, it doesn't automatically qualify you for a lower auto rate.

I'd recommend:

• Compare at least three offers using the same loan term.
• Look for prequalification that uses a soft credit check, where available.
• Compare total interest and fees, not just the monthly payment.
• Avoid stretching the loan so far out that you pay more interest overall.
• Don't use a home equity loan or HELOC for the car unless you've carefully considered the risk of putting your home on the line.

Let's narrow this down to the best lenders for your situation

I can make a more targeted shortlist if you share a few details. Estimates are fine.

1. Approximate credit score

740 or higher

670–739

580–669

Below 580

Not sure

2. Current auto loan APR

10%–14.9%

15%–19.9%

20% or higher

Below 10%

3. Vehicle age

0–5 years

6–7 years

8–10 years

11+ years

4. Remaining loan balance

Under $10,000

$10,000–$20,000

$20,000–$35,000

Over $35,000

5. Main priority

Pay less interest overall

Lower my monthly payment

Both

[Find my best refinance options]

With those details, I can focus on lenders more likely to accept your vehicle and borrower profile, rather than just listing lenders with attractive advertised minimum rates.

To help narrow down which of these is your best fit, tell me:

• What is your current interest rate and remaining loan balance?
• Is your credit score higher now than when you first bought the car?

A longer term can reduce the monthly bill but may increase total interest paid.LendingTree

3. Shorten the loan term

• If your budget allows higher payments, refinancing into a shorter term can reduce total interest and help you pay the car off sooner.

4. Cash-out auto refinance

• If your car is worth more than you owe, some lenders may let you refinance for a larger amount and receive the difference in cash.
• This increases your auto debt, so it’s usually considered when the cash has a clear purpose.LendingTree

5. Refinance with a credit union

• Credit unions can be worth checking because they often compete on auto loan rates and may have member-focused underwriting.
• You can compare offers from banks, credit unions, and refinance marketplaces.CNBC

Places to compare offers

Examples of lenders and marketplaces that offer auto refinance products include:

• LightStream
• Capital One
• Ally Financial
• PenFed Credit Union
• Caribou

Rates and eligibility vary widely by borrower; factors include credit score, debt-to-income ratio, vehicle age/mileage, loan amount, and lender rules.NerdWallet+1

Before refinancing, check:

• Current loan balance
• Current APR
• Remaining months
• Monthly payment
• Car year/make/model and mileage
• Current estimated vehicle value
• Credit score range
• Any prepayment penalty or fees

If you give me:

1. your current balance,
2. APR,
3. monthly payment,
4. months left,
5. car year/make/model, and
6. your approximate credit score,

I can help estimate whether refinancing is likely to save money and what type of refinance makes sense.