You can refinance your car loan through various lenders and platforms, many of which offer online applications and prequalification with no impact on your credit score. Here are some popular options:
- Capital One : Offers an easy online refinancing process with no credit score impact to see if you pre-qualify and potentially save on monthly payments
- Ally : Allows you to pre-qualify in minutes online, with no impact on your credit score, and may help lower your monthly payment
- Bank of America : Provides online applications to refinance your existing auto loan, possibly lowering your monthly payments
- LendingTree : A marketplace that lets you compare multiple refinance offers from various lenders including Southeast Financial Credit Union, Autopay, Auto Approve, myAutoLoan, RefiJet, and OpenRoad Lending. Each lender has different requirements and benefits, such as low rates, cash-out options, or acceptance of lower credit scores
- Navy Federal Credit Union : Offers competitive refinance rates and online applications, especially if you are a member
- Credit Karma : Provides a platform to compare the best auto refinance loans and rates for 2025
- Progressive (via Upstart) : Offers quick and painless auto loan refinancing through a network of lenders
To find the best option, consider your credit score, vehicle age and mileage, loan amount, and whether you want features like cash-out refinancing or fast funding. Using marketplaces like LendingTree or Credit Karma can help you compare multiple offers at once to find the best rates and terms for your situation
. In summary, you can refinance your car at major banks, credit unions, online lenders, and lending marketplaces that specialize in auto loan refinancing. Applying online is common and often free to check prequalification without hurting your credit score
