Can I save money by refinancing my Toyota auto loan?
Refinance through Caribou and save
Join other Caribou customers saving an average of $151/month* on their car payments. These savings can add up quickly over the life of the auto loan. Apply today to see if you qualify for a lower monthly payment on your Toyota.
We work with trusted local and community lenders to bring you competitive rates as low as 4.39% APR**
Read moreAverage savings for a Toyota
Average monthly savings:
$142
Average yearly savings:
$1,704
Savings are based on customers whose Toyota refinance loan funded through Caribou between 7/1/2025 and 9/30/2025 and selected a loan offer to reduce their monthly payment. Actual savings may vary.
See What You Can Save on Toyota Makes
Why People Love Caribou
100,000+ happy drivers with more cash in their wallets
how it works
How to refinance your Toyota loan
A step by step guide to our process
Did you get your financing from the dealership?
The original financing on your Toyota frequently comes from the dealership where you first bought your motor vehicle. Automotive refinancing can be a great way to get better terms on your financing. This is also an opportunity to remove or include products like guaranteed asset protection or GAP coverage, vehicle service packages, or extended warranties^^. If already have one of these products and you no longer need one or more of these items you can terminate them and that reimbursement might be applied to the principle of your loan or you could get cash back^^^.
You may think that you have actually gotten a bargain when you financed your Toyota with the dealer. Still, talk to us to see if refinancing can save you money. We partner with trusted regional and community loan providers to bring you competitive rates. Save an average of $151/month* on your auto payments with rates as low as 4.39% APR**.
Refinancing your Toyota
Refinancing your Toyota can help you save cash each month. The refinancing procedure negotiates a new car loan for your Toyota. You can make the most of this by possibly changing the rate of interest, term, and including or getting rid of extra items like guaranteed asset protection coverage, vehicle service packages, or extended warranties.
Participating lenders provide refinancing options based on your credit history, salary, and other factors. Depending upon your situation, you may be pre-approved for a specific, Toyota refinance on the amount of your loan which can help you budget ahead of time. You can make use of our auto refinance calculator to compare loan rates and estimate your savings.
