FAQ
I’ve heard of refinancing a mortgage. Can I really do the same thing for my car?
Most people are familiar with refinancing a mortgage, but you can also refinance auto loans! When you refinance an auto loan through Caribou, you often save hundreds—even thousands—in interest.*
Why should I refinance my vehicle?
Many people refinance because they can get better terms than when they first purchased their vehicle. This saves people money over the lifetime of their loan, either with a lower monthly payment, interest savings, or both! When you refinance, you also have an opportunity to adjust the term of your loan.
What factors go into qualifying for a refinance?
When you apply for a refinance, we’ll need a few pieces of information about you and your vehicle. This information helps us find the best terms you qualify for, and helps us pair you with one of our lending partners.
What kind of vehicles can I refinance through Caribou?
We currently work with all passenger vehicles including cars, trucks and SUVs. At this time, we are unable to offer refinancing for motorcycles and any commercial vehicles.
Can I refinance my lease through Caribou?
No, we do not currently refinance auto lease buyouts.
They gave me choices to refinance my high interest car loan from CarMax. Got a loan for much less interest and lower payment. It was easy and went smoothly and quickly! Thank you!!
Caribou makes the process as simple as can be! And their representatives are highly knowledgeable and helpful! I couldn't be more pleased!
After being declined by other companies with no alternatives offered, Caribou worked with my tricky refinance situation and saved me over $100/month. My loan officer Trevor was phenomenal, responsive and always available to answer questions. Great experience overall.
I couldn't tell you how easy it was going through the whole process of getting a used car loan. It was such a fast and easy process, especially because I was refinancing a car loan I already had. Would recommend Caribou to everyone.
It was a good experience refinancing my car loan with Caribou. They provided new loan at competitive rates which lowered my payment significantly and the best part was being able to do all of this online. The option to add a GAP insurance was also a big plus…
Caribou simplified a daunting process. I was shocked at the ease in which I could refinance my car and save a LOT of money in the process.
Easy process. Submitted the paperwork as requested and waited a couple of weeks. Finally contacted them to see if I needed to do anything else but they had everything. After that the process went rather quick with no issues.
The customer service was outstanding. It was great knowing that there was a real person at the other end of the text messages. They were very responsive, and helped me through this processes.
I was pleasantly surprised at how easy the process was how professional all of the agents I spoke with & the follow up. I lowered my interest rate 3%!



