Since it launched in 2016, RefiJet has built a reputation as an easy-to-use car loan refinancing service. RefiJet works with a network of trusted lenders to help you refinance your auto loan and lower your monthly payments.
Refinancing is taking out a new loan for more than what you owe on your existing loan and using the extra funds to pay off your current loan. This can lower your monthly payments, reduce your loan’s interest rate, and even shorten the term of your loan.
When you refinance with RefiJet, you provide details about yourself and your car loan to get started. Then RefiJet will match you with lenders that offer competitive rates on refinancing. Once you’ve chosen a lender, you fill out an application and submit the required documents to complete the process.
What is RefiJet?
Created by a group of experienced entrepreneurs with experience in auto finance RefiJet is a customer-focused auto refinance company. They offer competitive rates on refinancing car loans, making the process fast, easy, and stress-free.
RefiJet also provides helpful tools and resources to help you understand refinancing options and a network of lenders ready to work with you.
What is Auto Refinancing?
Auto Refinancing is the process of taking out a new loan to pay off an existing auto loan. Typically, refinancing helps you reduce your monthly payments or interest rate and potentially save money over the life of the loan. It can also help you pay off a loan faster.
RefiJet claims its refinancing process can lower your monthly payment, reduce your interest rate and help you buy out your lease. The company also offers personalized advice on auto refinancing and access to a network of lenders willing to work with you. To make the process as simple as possible, RefiJet helps its users pre-qualify for auto loans and takes care of the paperwork for them.
The company prides itself on getting people the best possible deal and providing excellent customer service.
How Does RefiJet Work?
RefiJet connects users with an existing auto loan to a network of lenders who may be willing to offer them a new loan with better terms based on their credit score and other factors.
Once users have connected with RefiJet, they’ll need to provide information about their current auto loan, including details like the loan amount, interest rate, monthly payment, and vehicle make and model. RefiJet will review the details and provide users with a list of lenders willing to refinance their auto loan.
Users can compare different offers from various lenders and select the one that best meets their needs. Additionally, they can receive personalized advice on refinancing options from RefiJet’s team of auto loan experts.
What Services Does RefiJet Offer?
Acting as a middleman between users and lenders, RefiJet helps to simplify the process of refinancing an auto loan. Their primary services include pre-qualifying applicants for loan offers, providing customized advice on refinancing options and submitting applications in a secure online environment.
RefiJet uses advanced auto refinance technology, using an automated system to compare offers from various lenders. This helps to ensure that users receive the most competitive and affordable rate possible. RefiJet’s secure online application process is designed to help protect personal data and financial information.
RefiJet also provides additional resources for those interested in learning more about refinancing an auto loan. Their website hosts educational articles and videos covering how to shop for a loan, understand interest rates, and tips on negotiating the best terms.
RefiJet’s customer service team is also available to answer questions and provide additional guidance to customers with refinancing questions.
What Requirements Do You Need?
To apply for auto refinancing, RefiJet users need to supply the following:
- Evidence that they are employed or have a verifiable source of income
- Evidence that they have made recent car payments on-time
- Proof that their vehicle is ten years old or newer
- Proof that their car has full coverage insurance
- Evidence that they have a valid vehicle registration
- Proof that they have a valid driver’s license
What are the Benefits of Refinancing with RefiJet?
The primary benefit of refinancing with RefiJet is the ability to potentially reduce monthly car payments, lower interest rates, and pay off a loan faster. Alongside these financial benefits, there are several practical aspects to refinancing.
These practical aspects include extending your auto loan term, adding or removing a co-borrower, or protecting your vehicle with an extended service contract. RefiJet also offers several resources to help you understand the refinancing process better, including a car loan calculator, FAQs, and an application checklist.
How Does RefiJet Compare?
RefiJet prides itself on its convenience and commitment to compliance. The company quickly points out that Refijet auto refinance reviews are universally positive, with users noting the simple online application and fast financing process.
If you’re looking for an easy and safe way to refinance your car loan, RefiJet is an excellent option. The company provides simple online tools to help you quickly compare auto loans and lenders. The application process is also remarkably straightforward, making it easy for borrowers to get the financing they need without stress.
Should You Refinance with RefiJet?
Whether RefiJet works for you will depend on your circumstances. RefiJet themselves do not offer auto refinancing. Instead, they connect you with auto refinance lenders who can provide the necessary financing.
You’ll need to meet the specific lender’s criteria to be approved for a loan, but RefiJet can help make the process smoother by finding lenders that are a good fit for your needs.
At the very least RefiJet can provide you with potential lenders to compare the different terms they offer, which may include the interest rate, loan duration, and other fees. This can help you find an auto refinance loan at a competitive rate that fits your budget.
How to Get Started with RefiJet
The first step in refinancing your auto loan with RefiJet is speaking to one of their experts. They’ll present you with options from the lenders they work with, and you can choose the best fit for your budget.
Then RefiJet will help you through the pre-qualification, application, and loan origination. They’ll help you find the best rate and terms that fit your unique needs and circumstances.
Once approved, RefiJet will handle all of the paperwork with your current lender to ensure everything goes as smoothly as possible.
