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RateGenius Auto Refinance Review – Introduction

There are so many different refinancing options in the market that it can become an absolute chore to choose the perfect one for you. That’s where RateGenius auto refinance comes in - an online refinance platform that connects borrowers with more than 150 lenders.

Established in 1999, RateGenius specializes only in Auto refinance, lease buyouts, and cash-out refinancing. It does not offer loans for new auto purchases, instead focusing on helping car owners find the best refinance lenders for their budget. It is perfect if you’re someone with poor credit, want to compare different refinance offers, and need help in navigating paperwork!

In this RateGenius auto refinance review, the refinance team has broken down all the pros and cons of the firm and tell you how to find the best deal for you.

Pros and Cons of RateGenius Auto Refinance: A Snapshot

The biggest advantage of RateGenius auto refinance is that it is not a lender on its own – it is a platform that connects borrowers with different online auto lenders. Therefore, you get to choose from multiple refinancing offers and pick the one that fits your budget.

Here are the pros and cons in a snapshot:

Benefits Drawbacks
RateGenius credit score requirements are low – starting at 500 Has a vehicle age limit of 10 years for auto refinance
Starting APRs at 1.25%, with discounts for autopay option High minimum loan amount of $12,000
You can use the RateGenius auto refinance pre-approval process to pre-qualify (soft credit inquiry) Charges origination fees based on the lender – some lenders charge a minimum of $400
Refinances loan amounts as high as $100,000 Late fees are applicable for delayed payments
Also offers refinancing for lease buyouts and cash-out refinancing  
Available in all 50 states.  
No prepayment penalties  
Allows co-signers  
Offers hardship plans for borrowers with poor credit  

*As of January 2022

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RateGenius is an excellent choice for borrowers with the following objectives:

Unique features of RateGenius Auto Refinance

Here’s a detailed look at some of the core features of the RateGenius Auto refinance process.

RateGenius Auto refinance requirements

Before applying for RateGenius auto refinance, check the table below to see if you meet all the requirements.

Criteria Description
Minimum Age 18 and above
RateGenius auto refinance minimum credit score 500 and above
Minimum Annual Income Not disclosed (depends on lender)
Loan Payoff amount $12,000 - $100,000
Immigration Status

U.S. Citizen

U.S. Permanent Resident
Military Status



Active-Duty Military

Military Dependent


Documents Required for verification



Proof of steady income

Recent pay stubs

Driver's license

Proof of citizenship or residence permit

*As of January 2022

The information given above are general estimates and could vary slightly depending on the exact lender

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How to apply for RateGenius auto refinance: Steps to follow

Step1: Fill up the application for pre-approval

Applying for RateGenius auto refinance is pretty straightforward. When you head over to their website, you’ll find the ‘Apply Now’ button. After you input the required details, the RateGenius auto refinance pre-approval starts with a soft credit inquiry. Based on this, you will be given a range of offers from applicable lenders.

Ensure you meet the general requirements like:

Step 2: Choose the best offer for you

From the different offers you get, you can pick the one that works the best for your budget. If you wish, you can also call the loan specialists at RateGenius who can help you decide on the final refinance offer. You are under no obligation to choose any of the offers unless it fits your requirement.

You can also discuss hardship plans for those who cannot afford monthly payments, or choose cash-out refinancing to get cash in hand.

Step 3: Finalize the RateGenius auto refinance loan

All you need to do then is confirm your acceptance, send in any supporting documents, and get ready to save on monthly payments! Be sure to use the auto payment option if you can to

RateGenius Auto Refinance Review: The Summary

Unlike refinance firms that give you only a single choice, RateGenius gives you the advantage of multiple choices irrespective of your credit score. If you haven't decided on which firm to go for, we recommend shopping around and comparing rates with RateGenius.

It helps that they have specialists on demand to help you in choosing offers! Besides, different options like Cash Out Refinancing and Hardship Plans can be a saving grace for certain borrowers. If you don’t find what you’re looking for, you can look at more specialized and established refinance firms instead.

Auto Refinance Data Methodology

The auto refinance rates published here are based on the results of comparative research done by’s data team. We've used a mix of public and internal data to analyze refinance rates across thousands of lenders, credit scores, vehicle types, and all U.S. ZIP codes

The rates shown here are based on a national average of our findings, and may typically vary for each individual depending on your personal financial position and the US state you are in.

However, you can quickly determine where you stand by going through our Auto Refinance form. In just a few steps, find out how much you can save with!

RateGenius Auto Refinance: Frequently Asked Questions

What is the address of RateGenius?

The mailing address of RateGenius is 9300 United Drive #180, Austin, Texas. Usual working hours are between 7 a.m. and 8 p.m.

How to contact: RateGenius Auto Refinance phone number

RateGenius auto refinance has a great customer support team that is always ready to answer any queries. An advantage is that they can connect you with loan specialists who will guide you through the refinance paperwork. You can reach them at +1 866-728-3436 Customer service is also available on Saturdays.

Does RateGenius Auto refinance cover lease cars?

Yes, RateGenius Auto refinance covers new car refinancing, leased car refinancing, and cash-out refinancing

Does RateGenius charge an origination fee?

Yes, RateGenius lenders do charge origination fees for processing your application.

How long does RateGenius take to refinance your vehicle?

Refinance loans are typically approved or denied within 24 hours. Approved offers are funded between 1-7 days of the approval.

Does RateGenius report your credit activity to credit bureaus?

Yes, RateGenius reports your account activity to reporting agencies like Experian and Equifax.

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