Today’s Auto Refinance Rates
Last Updated: March 16, at 6 AM CST
Auto refinance rates change frequently. Here are today’s auto refinance rates, including the lowest available rate and the average rates we’re seeing across our lending partners.
Best available rates1
The best rates currently offered per credit tier and term length through Caribou’s lending network. These rates are based on many factors beyond the credit score.**
| CREDIT TIER | 24 MONTHS | 36 MONTHS | 48 MONTHS | 60 MONTHS | 72 MONTHS | 84 MONTHS |
|---|---|---|---|---|---|---|
| 800+ | 4.39 | 4.24 | 4.99 | 5.19 | 5.19 | 5.99 |
| 780-799 | 4.39 | 4.39 | 4.99 | 5.19 | 5.29 | 5.99 |
| 760-779 | 4.39 | 4.39 | 4.99 | 5.25 | 5.50 | 5.99 |
| 740-759 | 4.39 | 4.39 | 4.99 | 5.25 | 5.50 | 6.25 |
| 720-739 | 4.39 | 4.39 | 4.99 | 5.25 | 5.49 | 6.25 |
| 700-719 | 4.64 | 4.64 | 5.24 | 5.25 | 5.75 | 6.50 |
| 680-699 | 4.64 | 4.64 | 5.24 | 5.50 | 5.75 | 6.50 |
| 660-679 | 6.24 | 6.24 | 6.49 | 6.53 | 6.49 | 7.21 |
| 640-659 | 6.99 | 6.49 | 6.49 | 6.79 | 6.99 | 7.29 |
| 620-639 | 10.05 | 9.64 | 9.43 | 9.30 | 9.72 | 11.20 |
| 600-619 | 10.20 | 10.20 | 9.80 | 9.50 | 10.19 | 11.20 |
| 580-599 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 11.20 |
1 The lowest available APR from our lenders today (not guaranteed).
APRs are based on the minimum prequalified rates through caribou.com over the last day. The lowest rates displayed may not be available in all states. Your actual APR may be different. **
Drivers qualifying for the best available rates typically meet these criteria: a loan-to-value (LTV) ratio of around 90% or lower, mileage under 120,000, a credit score of 720 or higher, and a loan amount under $50,000. These factors, together with term length, payment history, and debt-to-income ratio, are evaluated when lenders offer their most competitive APRs. Advertised rates are not guaranteed, and vary by state and lender. Actual APRs may vary.**
Average Qualifying Rates2
Average rates by credit tier and term length through Caribou’s lending network. These rates are based on many factors beyond the credit score.**
| CREDIT TIER | 24 MONTHS | 36 MONTHS | 48 MONTHS | 60 MONTHS | 72 MONTHS | 84 MONTHS |
|---|---|---|---|---|---|---|
| 800+ | 7.68 | 7.09 | 7.04 | 7.02 | 7.28 | 7.61 |
| 780-799 | 7.83 | 7.20 | 7.11 | 7.09 | 7.32 | 7.62 |
| 760-779 | 8.10 | 7.40 | 7.30 | 7.27 | 7.50 | 7.80 |
| 740-759 | 8.16 | 7.48 | 7.39 | 7.40 | 7.58 | 7.86 |
| 720-739 | 8.51 | 7.77 | 7.69 | 7.71 | 7.86 | 8.13 |
| 700-719 | 8.96 | 8.12 | 8.04 | 8.05 | 8.23 | 8.50 |
| 680-699 | 9.50 | 8.73 | 8.61 | 8.68 | 8.82 | 9.13 |
| 660-679 | 10.42 | 9.48 | 9.36 | 9.47 | 9.71 | 9.78 |
| 640-659 | 11.51 | 10.81 | 10.71 | 10.68 | 11.08 | 11.07 |
| 620-639 | 12.84 | 12.13 | 12.16 | 12.15 | 12.65 | 12.70 |
| 600-619 | 13.86 | 13.54 | 13.65 | 13.73 | 14.48 | 12.99 |
| 580-599 | 15.28 | 15.09 | 14.90 | 14.84 | 15.04 | 10.95 |
2 The average available APR from our lenders today (not guaranteed).
APRs are based on the average prequalified rates through caribou.com over the last week. Your actual APR may be different.**
Drivers qualifying for typical refinance rates tend to have a loan-to-value (LTV) ratio under 110%, mileage under 150,000, a credit score in the mid-600s or higher, and a loan balance under $85,000. With steady income, a solid payment history, and a debt-to-income ratio under 50%, you may be able to secure meaningful savings compared to your current car loan. Advertised rates are not guaranteed, and vary by state and lender. Actual APRs may vary.**
What do lenders generally look for?
To qualify for auto refinance rates, lenders typically look for a car under 12 years old with fewer than 150k miles, a loan balance of $7,500–$85,000 with at least a year left, and a credit score of 580+. A steady income, strong payment history, and manageable debt-to-income ratio (≤50%) can put you in a great position to secure lower rates. The best rates go to borrowers with excellent credit, low debt, newer vehicles, and a proven record of on-time payments.
Current vehicle & auto loan
Credit, income, and history
- Vehicle under 10–12 years old, fewer than 120k–150k miles.
- Loan at least 3–6 months old with consistent on-time payments.
- Balance between $7.5k–$85k
- At least 12 months remaining on the loan.
- Credit score 580+ (higher credit could mean lower APR).
- No recent 30-day late payments.
- Verifiable income with debt-to-income (DTI) ratio of ≤50%.
Current vehicle & auto loan
- Vehicle under 10–12 years old, fewer than 120k–150k miles
- Loan at least 3–6 months old with one or more on-time payments
- Balance between $7.5k–$85k
- At least 12 months remaining on the loan
Credit, income, and history
- Credit score 580+ (higher credit could mean lower APR).
- No recent 30-day late payments.
- Verifiable income with debt-to-income (DTI) ratio of ≤50%.
FAQ
How much could I save by refinancing my auto loan?
You could save up to $159/mo* by refinancing your auto loan through Caribou.
Does checking my offer hurt my credit score?
Checking your offer is just a soft pull, so your credit score won’t be affected.
What will I need to get started on checking my offers?
To get started, you’ll need a few basics: details about yourself, your vehicle, and your current loan amount.
What if I don’t want to accept any of the pre-qualified offers?
No problem! There is no cost and no impact on your credit to view your refinance offers through Caribou. You can come back any time to check your rates again, risk-free.
What information do you need about my vehicle?
When checking your rate, we’ll need either your VIN, license plate number or make/model/trim of your vehicle. This is because we’ll use the value of your vehicle to find you the refi loan options available to you.
