Ford Refinancing (August 2025)
Refinance your Auto loan Fast and Easy with Way.com!
Save up to $1850 per Year
APR as low as 5.74%
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Anyone who owns a Ford will agree that very few cars match up to its dependability. Over the years, owning a Ford model has become synonymous with being a true blue American! However, nothing dampens that spirit faster than paying high car loan payments on your Ford. How about refinancing your Ford loan and getting a better deal instead?
Ford refinancing with Way.com is the most reliable way of lowering your APR, extending your loan term, or getting a better deal on your Ford loan! No matter which model you own, refinancing can save at least $100 a month - and thousands every year.
Can you refinance a Ford loan?
Yes, you can easily refinance a Ford loan through various options. Ford refinancing involves applying for a new auto loan with better terms and conditions than your existing auto loan . The new Ford loan will pay off the outstanding amount on your current loan, and you can then start repaying the new loan with a lower APR, a longer term, or both .
Benefits of Ford Loan Refinancing
You can use Ford loan refinancing to reduce your APR by at least 2% and reduce your monthly payments by at least $100 - which ultimately saves you thousands annually. Other benefits of refinancing include the options to add insurance and warranties to your loan, and even cash-out refinancing for immediate expenses.
Will Ford refinancing help you save money?
Yes, refinancing a Ford loan will help you reduce your monthly car loan payments and take the stress off your wallet. If you had originally financed your car through Ford Credit Services, you might have accepted a loan with a high APR. This could've been because of financing criteria like:
- Your Credit Score
- Your Payment History
- Vehicle Eligibility Requirements
However, a few months of paying the loan will be enough to improve your financial position. If you've been consistent in your payments , been responsible with your finances , and improved your credit score , you can easily qualify for Ford refinancing.
When Should You Consider Ford Refinancing?
The best time to refinance your Ford is in any of the following cases:
- If your credit score has improved since you signed the original loan
- If you've become eligible for a better loan due to better financial condition
- If your monthly expenses have increased and you want to save money
- If you want to add a co-signer to your loan and lower your monthly payments
- If your car has become old and is not worth the high monthly payments
Through Way.com, you can refinance your auto loan easily by comparing different deals from eligible lenders - all in just a few minutes.
Ford Refinancing Rates – June 2023
These auto refinance rates will help you refinance your Ford at better rates. Here are the Ford auto refinance rates that will help you compare and understand the general market trends. This will help you opt for the best choice among the lenders that offer Ford refinancing.
| Lender | Est. APR | Loan amount | Min. credit score |
|---|---|---|---|
| RefiJet | 3.49 - 28.00% | $6,000 - $120,000 | 560 |
| Caribou | 5.99 - 38.00% | $12,000 - $135,000 | 630 |
| RateGenius | 4.99 - 22.00% | $9,000 - No max. | 560 |
| LendingClub | 5.99 - 25.99% | $5,000 - $65,000 | 670 |
| Consumers Credit Union | 6.54 - 22.24% | $8,500 - $600,000 | 630 |
| Upstart | 12.17 - 30.99% | $6,000 - $70,000 | 520 |
| MyAutoloan | 1.99 - 22.00% | $6,000 - $110,000 | 585 |
| Ally | 9.54 - 24.49% | $8,500 - $100,00 | 530 |
| LightStream | 9.74 - 17.19% | $6,000 - $110,000 | 670 |
| Tresl | 4.99 - 22.00% | $9,000 - No max. | 560 |
| Autopay | 4.99 - 22.00% | $9,000 - No max. | 570 |
| OpenRoad | 5.29 - 29.00% | $8,500 - $110,000 | 510 |
| iLending | 5.74 - 24.00% | $8,500 - $160,000 | 570 |
| Gravity Lending | 5.49 - 15.99% | $11,000 - $210,000 | 590 |
| Lending Arts | 6.44 - 22.00% | $6,000 - $160,000 | 560 |
| PenFed Credit Union | 6.29 - 18.99% | $11,000 - $110,000 | Did not disclose |
| Bank of America | Not available | $8,500 - Max. not disclosed | Did not disclose |
| Digital Federal Credit Union | 7.24 - 15.99% | $3,500 - $600,000 | 610 |
| Alliant Credit Union | 7.52 - 27.40% | $5,000 - $1,200,000 | Did not disclose |
| Navy Federal Credit Union | 5.54 - 19.00% | $253 - No max. | Did not disclose |
Ford refinancing eligibility requirements
Your Ford will have to meet the following vehicle criteria to be eligible for refinancing.
- Vehicle Age : The Ford should not be older than 10 years.
- Mileage: Ideally, it should have less than 120,000 miles on it.
- Model and make : When checking the refinancing conditions, ensure any electric/hybrid vehicles are not deemed ineligible.
What kinds of Ford models can you refinance?
You can refinance almost any kind of Ford model, as long as it fulfils the above criteria. Some popular Ford models you can refinance include:
- Fiesta
- Mustang
- F250
- F350
- Taurus
- Explorer
What Information Do You Need to Refinance a Ford?
Before applying, keep these loan details ready for reference:
- Your credit score : Ideally, a score over 680 is deemed good enough to get you lower APRs. Keep track of your credit score by using the one free report from credit bureaus every year.
- 14-day payoff amount: It is the amount you owe on the current loan, including the principal and interest accrued in the next 14 days.
- Car Loan-to-value ratio : This value tells you if you are “upside down” on the car loan.
- Loan term remaining : You must have more than a year remaining on the existing loan - otherwise it may not be worth refinancing.
- Prepayment penalty : Check whether your current lender will penalize you for paying off the loan early.
It also helps to have your personal details ready, like:
- Car information: VIN, title, registration, number, and mileage
- Income information: Salary slips, pay stubs, and tax returns
- Personal information : Driver's license and Social Security Number
How to refinance your Ford with Way.com?
Step 1: Calculate how much you can save
Using an auto loan refinance calculator, you can find how much your monthly payments will be with lower APRs. If the payments fit your budget, you can rest assured that refinancing your Ford is a great option.
Step 2: Apply to refinance lenders with Way.com
An advantage of Way.com is that you can shop around for different rates with multiple lenders. This includes banks, online lenders, credit unions, and more. Some lenders also allow pre-approval through a soft credit pull which won't affect your credit score.
Step 3: Choose an offer and save
Once you find an offer that fits your budget, all you need to do is complete the application and submit the required documents. At this point, there will be a hard credit inquiry, which will temporarily affect your credit score. However, you can make it up through consistent payments.
Your estimated monthly loan payment is
$684.10/mo
Monthly savings
$55.90
Difference in interest
$2683.20
What other benefits can you add to your refinanced loan?
You can use refinancing to add new insurance components like GAP and ESC.
- Guaranteed Asset Protection (GAP) is important if your car is completely totaled in an accident and you have to pay off a loan amount more than the car's value at that point. The difference between the payoff amount and the vehicle value is covered by GAP.
- Extended Service Contract (ESC) is also called Extended Warranty or Vehicle Service Contract. It covers certain mechanical, engine, and electrical issues your Ford may face after the manufacturer's warranty expires.
Why choose Way.com to refinance your Ford?
You may have made mistakes when first financing your Ford - but that's no reason to be stuck with high car loan payments! Way.com is working to make vehicle ownership affordable to everyone - and providing the best refinancing deals is one of the ways to save money! No matter what type of Ford model you own, we'll help you get a better deal and save money all in one go!
In just a few minutes, you can get pre-approved offers from the best lenders in the country. We'll also help you find refinancers that provide additional insurance, 100% online application process, and excellent customer support.
Way.com has a 4.5 rating on Trustpilot, with more than 3 million satisfied customers. The Way app also has a 4.7 rating on Google Play and 4.9 on the iOS app store.
Auto Refinance Methodology
The auto refinance rates published in this guide are based on the results of research completed by Way.com’s data team. Using public data, we averaged these rates across various segments. Given these auto refinance rates are averages, please contact our agents for a personalized quote to you.
Ford Refinancing: Frequently Asked Questions
What credit score do you need to refinance your Ford?
Ideally, you should have a credit score of 680 or above to save money on Ford refinancing. However, you can refinance your Ford even with bad credit – but you may need to have a co-signer, co-borrower, or make a larger down payment.
How can you lower your car loan interest rate?
The best way to get a lower APR when refinancing is to shop around for different rates rather than locking yourself into the first offer you get. Before applying to refinance lenders, ensure you keep track of your credit score and payment history.
How can I refinance my Ford without hurting my credit score?
If you don’t wish to go through a hard credit pull, many lenders offer a soft credit inquiry that does not affect your credit score. However, this is only a temporary way to shortlist good offers. Once you choose an offer, you will still have to go through a hard credit pull which will temporarily affect your credit score.
How many times can I refinance my Ford?
There is no defined legal limit to how many times you can refinance your Ford. However, refinancing multiple times can seem financially irresponsible. We don’t recommend doing it more than twice if you want future lenders to see you favorably.
Does cash back auto loan refinancing work for Ford cars?
Yes, some lenders will give you loans based on the equity you own in the car. This is called cash back refinancing, and the amount can be used for immediate financial expenses.
Do you find Auto refinance complex? Here is the ultimate Auto Refinance FAQ Guide with answers to all your questions!