Simple & easy
Loans from $5,000³, 24-84 month loan terms!⁴
Check your rate in minutes. Upstart will handle paying off your previous lender so you can have a smooth ride to savings!
Upstart looks beyond your credit score. We use education and experience to get you the loan you deserve.⁵
Award winning customer service to help you through any questions.
Won't affect your credit score!²
Check your rate
Fill out a form to check your rate in minutes.
Confirm your details
We’ll verify your information, vehicle, and current car loan.
Get a new loan
Upstart will pay off your previous loan and update your title. Enjoy the savings and your ride.
Example offer for illustrative purposes
right for you?
Won't affect your credit score!²
Should I consider
car loan refinance?
Less than 10 years old
Under 140,000 miles
Insured, personal use car
Outstanding balance of $5,000 - $60,000
Initiated at least 1 month ago
Let us answer your questions
What is a Car Refinance Loan?
A car refinance loan is a new car loan that usually replaces your current loan from a different lender. Refinancing your car loan can help you save money by lowering your APR or by reducing your monthly payments.
What documents will I need to provide?
You may be asked to provide documents that verify your identity, education, and income. We may also ask for a copy of your registration card or proof of insurance.
If your car has a co-owner, the co-owner will need to sign and return a consent form within five days of application approval. And if we learn of any open claims or second liens on your vehicle, we may request proof of resolution.
Any documents we need to process your application, along with their descriptions, will appear on your Upstart dashboard after you submit your application.
How long will the process take?
You can check your rate in minutes by filling out our online form. Click here to get started! Based on the information provided, you’ll get an instant preliminary decision. After this, we may ask for some documents to verify your information and rate.
If approved, we will begin the payoff process and title administration. Payoff is dependent on several factors and we anticipate it taking 14 days after signing the promissory note. The title administration process timeline is dependent on several factors and can vary greatly by each state. We anticipate this process to take between 30 and 60 days after the loan origination to be complete, but some circumstances may occur to delay the lien perfection process further.
Will it affect my credit score?
Checking your rate on Upstart will not affect your credit score. When you check your rate, we make a "soft credit inquiry." Soft credit inquiries on your report do not lower your credit score, but you may see when you view your report that this inquiry was made. So go ahead, check it out and see what you can be saving.
If you do proceed with your application after receiving a rate, your credit score may be impacted.If you are offered a loan and proceed with the application, a "hard credit inquiry" will be completed to verify the accuracy of your application. This action will be recorded as an inquiry on your report and it may impact your credit score.
What’s the difference between a co-borrower and a co-owner? Does Upstart allow either?
A co-borrower is someone who is jointly responsible for repaying your loan, while a co-owner jointly owns your vehicle. Upstart does not currently allow co-borrowers on refinanced car loans, but if you have a co-borrower on your current car loan, you may apply to refinance the loan in your name only to remove the co-borrower from the loan.
Upstart does allow co-ownership as long as the co-owner signs a consent form agreeing to the application and shares his or her driver’s license or state identification number and state within five days of application submission. If you have a co-owner, you must provide your co-owner’s name and email address when you apply. The co-owner is not responsible for repayment, and his or her information beyond that provided in the consent form will not be considered in the credit decision.
What is a “Smarter Rate”?
You are more than your credit score, and your loan rate should reflect that too! Offers from Upstart-powered lenders consider important details like your education and work experience. We think that’s pretty smart!
1 This information is estimated based on all consumers who were approved for an auto loan through Upstart and accepted their final terms. As of 12/01/2021, the average yearly savings amount is $918. To evaluate savings on a loan you are considering refinancing, it is important to compare your APR and remaining term from your existing automotive loan to the APR and term offered by Upstart.
2 When you check your rate, we check your credit report. This initial (soft) inquiry will not affect your credit score. If you accept your rate and proceed with your application, we do another (hard) credit inquiry that will impact your credit score. If you take out a loan, repayment information will be reported to the credit bureaus.
3 Your loan amount will be determined based on your credit, income, the outstanding balance of your current auto loan, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. The maximum loan amount in NJ is $50,000.
4 The full range of available rates varies by state. The average 5-year loan offered on Upstart will have an APR of 15.8% and 60 monthly payments of $488 per $20,000 borrowed. For example, the total cost of a $20,000 loan would be $29,331. APR is calculated based on 5-year rates offered in the last 1 month. There is no downpayment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.
5 Although educational information is collected as part of Upstart's rate check process, neither Upstart nor its bank partners have a minimum educational attainment requirement in order to be eligible for a loan.
6 Including Upstart's Personal Loan Customers
State Restriction: Car refinance loans not available in IA, MD, NV, or WV. Car refinance loans in IL and MO are originated by Cross River Bank or Midwest BankCentre. Car refinance loans in FL, GA, and AL are originated by Cross River Bank or Drummond Bank, member FDIC. All other car refinance loans are originated by Cross River Bank, an FDIC New Jersey state chartered commercial bank.