Upstart Auto Refinancing

Approvel Odds

Good Credit

Refinancing your car loan can help you save money by lowering your APR or by reducing your monthly payments.
  • Checking your rate won’t affect your credit score.2
  • Upstart car loan customers save an average of $1,085 per year on their loan1
  • Smarter rates – Our model looks beyond your credit score. It looks at education3 and experience to find you the loan you deserve.
  • Seamless application – Check your rate in minutes. Upstart will handle paying off your previous lender so you can have a smooth ride to savings!
  • Trusted company – Award winning customer service to help you through any questions.

How it works:

  1. Check your rate – Fill out a form to check your rate in minutes
  2. Verify your information – We’ll verify your information, vehicle, and current car loan.
  3. Get your money – Upstart will pay off your previous loan and update your title. Enjoy the savings.

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.

1 This information is estimated based on all consumers who were approved for an auto loan through the Upstart platform and accepted their final terms. As of 3/31/2023, the average yearly payment savings amount is $1,085. To evaluate savings on a loan you are considering refinancing, it is important to compare your APR and remaining term from your existing auto loan to the APR and term offered through 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 may be reported to the credit bureaus.
3 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.
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 through Upstart.
All loans are originated by lending partners on the Upstart marketplace.

Auto Financing and Refinancing

Approvel Odds

Good Credit

Auto Financing and Refinancing – Average Customer saves up to $2000 or more…
  • 1 Application with up to 4 loan offers in minutes
  • Apply online, 24/7 in the convenience of your home or office
  • Lowest interest rates available – average customer saves $2000 in interest charges
  • Get approved and have financing in place before going to a dealer
  • Refinance and lower your current interest rate and payments or even skip a payment
  • Also offering Private Party and Lease Buyout loans
  • Fast & free  – No fees or obligations
  • Private, secure and confidential

Your premier online auto finance and refinance marketplace. Apply now and receive up to 4 loan offers in minutes! Fast, easy and free…

Caribou Auto Refinancing (Name Change From MotoRefi)

Approvel Odds

Fair Credit

Refinance your car loan and Save Big! Put money back in your pocket!
  • Rates as low as 5.69% APR
  • Pre-qualify in seconds – Pre-qualify on our secure, fully online platform—without leaving the couch or giving your SSN
  • Put cash back into your wallet. Our customers save an average of $113.78/month on their car payments*
  • No impact to your credit to review pre-qualified offers
  • Minimum Loan amount: $7500
  • Loan term: 12-84 months

How Caribou works

Check your rate – Get pre-qualified offers in seconds with no Social Security number required and no impact on your credit.

Select your offer – Pick the refinance that works best for you, with offers from our top lenders.

Refi and save big – Simply submit a few documents and sit back as our team does the heavy lifting to refinance your loan.

Typical Requirements:

  • Desired credt score: 650+
  • Minimum annual income $24K
  • No SSN required*
  • Other requirements may apply
*Not available for motorcycles or commercial vehicles 
*See all terms and conditions on the application page.
*1This information is estimated based on consumers who were approved for an auto refinance loan through Caribou between 6/1/2022 and 3/1/2023, had an existing auto loan on their credit report, and accepted their final terms. These borrowers saved an average of $113.78 per month. Refinance savings may result from a lower interest rate, longer 
term, or both. There is no guarantee of savings. Your actual savings, if any, may vary based on interest rates, the repayment term, the amount financed, and other factors.
*To check the refinance rates and terms you qualify for, we conduct a soft credit pull that will not affect your credit score. However, if you choose a loan product and continue your application, we or one of our lending partners will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
*Social security number is required should you choose to move forward in the loan application process. *Terms and Conditions apply. Caribou reserves the right to modify or discontinue products and benefits at any time without notice. Participating lenders, rates and terms are also subject to change at any time without notice. The information you 
provide to us is an inquiry to determine whether our lenders can make you a loan offer. If any of our lending partners has an available loan offer for you, you will be invited to submit a loan application to the lender for its review. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers. We do not guarantee that you will 
receive any loan offers or that your loan application will be approved. If approved, your actual rate will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors.
Offers not available in MA, MD, MS, NE, NV, WI, WV
APR is the Annual Percentage Rate. Your actual APR may be different. Your APR is based on multiple factors including your credit profile and the loan to value of the vehicle. APR ranges from 5.69% to 28.55% and is determined at the time of application. Lowest APR is available up to a 36 month term, to borrowers with excellent credit, and only in Texas. Conditions apply. Advertised rates and fees are valid as of 5/15/2023 and are subject to change without notice. Insurance savings will not result from lower APR.