FAQs
Can I save money by refinancing my car?
Refinancing your car can potentially save you money. Your savings depends on a multitude of factors including auto loan term, interest rate, where you live, what type of vehicle you are financing, and your credit score. All of these factor into the refinancing process and the final APR on your total loan amount.
Can I pre-qualify to refinance my car?
Yes, it is possible to be pre-qualified for auto refinancing. You can quickly submit your information to check if you qualify. Please Apply to start the process and submit your information.
How much money can I save refinancing my car?
This depends on the refinancing offer you select. If you want to save more money each month, there may be options to lower your monthly car loan payment. The amount of money you save is based on your financial health, term length, interest rate, and other loan factors. The average MotoRefi customer saves about $100* per month on their car payment.
What are the benefits of refinancing my vehicle?
There are several benefits when it comes to refinancing your vehicle. They include saving money on monthly payments, lowering your interest rate, paying off the loan early, lengthening the term of the loan so you have more time to pay, and other things like positioning to buy a house next.
Can I refinance my used car loan?
It is possible to refinance a used car loan. This depends on several factors like the amount of the loan, car's age, vehicle's mileage, and auto loan term.
Can I refinance my car right after I bought it?
Yes, you can usually refinance your car at any time after purchasing it from a dealer. Keep in mind car dealerships often add services and incentives which may end when you refinance the car. This applies to finance-related things like cash back programs, lessee deals, dealership cash offers, rewards programs, and other related things. This does not apply to things like GAP insurance, manufacturer's vehicle warranties, and dealership service contracts.
Can I refinance my car in someone else's name?
Refinancing allows for changes like adding a cosigner. However, your name must remain on the vehicle's title.
Can I have an auto loan cosigner?
Yes, refinancing can give you the opportunity to add a cosigner to the loan. The cosigner requirements vary depending on the lender.
Why is refinancing your car important?
Refinancing your vehicle is a great way to put money back into your monthly budget. When you refinance your car, truck, SUV or other vehicle, you have the opportunity to work with our auto loan officers to understand the lending process better. You can refinance your vehicle with several goals in mind such as extending your term, lowering your interest rate, or just simply saving money on your monthly payment.
MotoRefi helped you save on auto refinance.
Now, as Caribou, we could help save you even more.
ABOUT OUR REBRAND
8 Nov 2021
MotoRefi helped you save an average of $100 a month on auto refinance. Now, as Caribou, we can help save you even more.
MotoRefi might have helped you save on auto refinance. Now, as Caribou, we could help you save even more.
MotoRefi is
now Caribou
We launched MotoRefi in 2016 as a small company with a big goal: save people money with auto refinance. Since then we’ve helped more than 39,000 customers save over 50 million dollars in interest on their car loans, and created hundreds of new jobs across the country.
As we’ve grown, so has our tech. While our commitment to great service, reliability, and speed remains the same, our ability to save people money has expanded beyond just auto refi. Now, as Caribou, we’ll help you take control of even more of your auto expenses, including insurance.
The new us
We launched MotoRefi in 2016 as a small company with a big goal: save people money with auto refinance. Since then we’ve helped more than 39,000 customers save over 50 million dollars in interest on their car loans, and created hundreds of new jobs across the country.
As we’ve grown, so has our tech. While our commitment to great service, reliability, and speed remains the same, our ability to save people money has expanded beyond just auto refi. Now, as Caribou, we’ll help you take control of even more of your auto expenses, including insurance.
More than just auto refinance
Help switch insurance
Total loss protection
Extended protection
Key replacement
Cosmetic care
More than just
auto refinance
What else has changed besides
the MotoRefi name?
You’ll notice our new brand name and logo in emails
The emails you receive from us now come from an address ending in "gocaribou.com"
Our customer service contact has changed from contact@motorefi.com to contact@gocaribou.com
From our new website caribou.com, you’ll be able to log into your existing MotoRefi.com account using your same information and by clicking “Log in”
What else has
changed besides
the MotoRefi
name?
You’ll notice our new brand name and logo in emails
The emails you receive from us, now come from an address ending in "gocaribou.com"
Our customer service contact has changed from contact@motorefi.com to contact@gocaribou.com
From our new website
gocaribou.com, you’ll be able to log into your existing MotoRefi.com account using your same information and by clicking “Log in”
Convenient, transparent refinancing that puts money back in your pocket, with offers from our network of lenders.
See what's new under the hood
ARE YOU GETTING THE MOST OUT OF YOUR SAVINGS?
Now as Caribou, drivers could save even more by bundling their refinance and car insurance.
See what's new
under the hood
WHY PEOPLE LOVE US
75,000+ happy drivers with
more cash in their wallets
4.5 star overall reviews from our clients on Trustpilot
75,000+ happy
drivers with
more cash in
their wallets
