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What are current auto refinance rates?

Interest rates are constantly changing and daily we're always checking what are current auto refinance rates.

Nicholas Hinrichsen - Published: September 14, 2020

47% of all funded mortgage applications in 2019 were refinances. During the same period of time, only 5% of all funded auto loan applications were refinances. Car owners are not refinancing their auto loans nearly often enough.

To do so, finding a reliable source to determine what are current auto refinance rates is important. No auto loan company focuses on the whole credit spectrum from 300 to 850. Different companies are specialized on different segments and we work with all of them.

Credit ScoreNew carUsed car
760+2.69%3.49%
700-7603.00%4.25%
650-7005.50%6.50%
600-6509.75%10.75%
550-60015.50%17.50%
Below 55022.00%22.00%

In the table above, you can see what auto refinance rates you should be expecting based on your credit score. Credit Unions or the big retail banks with branches focus on scores above 700. Get in touch with us to get your exact rate.


Haven't explored refinancing yet?
WithClutch.com is a fully digital platform that lets car owners like you do so from the comfort of their own home. No need to set a foot in a bank or credit union. You can lower your rate or get cash in as little as 20 seconds.

Follow three simple steps to refinance your auto loan, get approved in seconds and save thousands in minutes.

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