<h3>Conclusion</h3>
<p>Caribou makes auto loan refinancing an uncomplicated process and allows borrowers to find better rates than what they’re currently paying. You can get multiple pre-qualification offers from different lenders and compare them to determine the best offer you can get &#8211; all this without requiring a credit pull or providing your Social Security number. You can easily complete the loan application process online once you find an offer that you like. Loans offered through caribou can fund up to $100,000 with customers finding savings of $111 per month on average.</p>


<p>Caribou is an online platform that helps customers refinance auto loans, minus the stress. They work with both local and national lenders so you can find the perfect loan offer. Caribou will do all the necessary work to make your refinancing push through. Looking for a loan rate through Caribou will not affect your credit score and you can easily apply online. Cars, SUVs, and trucks are the common types of vehicles refinanced through caribou. There are currently no offers for commercial vehicles and motorcycles.</p>
<h3>Caribou is best for</h3>
<p>Caribou is recommended for car owners who want to find the lowest rates to refinance their auto loans. The company works with local and national loan providers to offer customers the most competitive loan rates for up to $150,000. It is a given that customers who have excellent credit scores get the best pick, you can actually add a co-borrower to the new loan as long as they live in the same state as you. Caribou offers its services in 45 US states.</p>
<h3>Auto Loan Refinance Features</h3>
<p>Caribou offers car insurance and car refinancing products but we’ll focus on loan refinancing here. Many people who purchase a car realize that they did not get the best deal on the initial loan and feel stuck with it. Refinancing a loan is a transparent and simple option for these kinds of borrowers. Caribou will help you do this. The wide network of lenders that cover both local and national jurisdictions and a dedicated support team allows customers to find better rates to make savings on their monthly payments. With interest rates going as low as 2.83%, borrowers can save $111 per month.</p>
<p>It’s easy to get multiple pre-qualification offers from different lenders before settling on one. Customers save on average 6 points on their interest rates. You can get these offers and rates without a social security number or a credit check. The application is done completely online.</p>
<h3>How to Apply for an Auto Loan?</h3>
<p>All you need to start the pre-applications are your personal information, vehicle details, and credit score. You don’t need to agree to a credit pull or provide your Social Security number with this. Caribou will give you different rates from several lenders which you can compare to find the lowest monthly payments or the biggest savings.</p>
<p>If you find a good offer among the choices, you can finalize your application in less than half an hour. You can upload documents easily on the website. Some loan offers may also allow you to get extended vehicle protection added to your loan.</p>


<p>I saved money by refinancing, and the whole process was pretty easy and clear. Their representative was always there to assist and explain what steps to take. It was clear that he was knowledgeable and skilled in his field. Overall, my experience with Caribou was positive, and it was one of the smoother third-party processes I&#8217;ve encountered.</p>


Julie Cox – Caribou

<p>The process was quick and easy, and I got approved on the same day. The sales assistant, was amazing! She was easy to talk to and made the process smooth without much effort on my part. We did everything online through Docusign, so I didn&#8217;t have to go in person to sign any paperwork. She even got me a fantastic rate and APR that fit well within my budget. I highly recommend her and the plans she offers!</p>


Paul Smith – Caribou

Loan amounts: $5K-$150K

<h3>Caribou Refinancing &#8211; Loan Terms</h3>
<p>Caribou’s car refinancing loans can fund up to $100,000 and offer interest rates down to 2.83%. Take note that Caribou charges lenders a $399 processing fee. Some of these lenders might add this processing fee to the refinanced loan amount they offer. The minimum credit score required is 580 points and the minimum annual income is $24,000. Loan terms offered through Caribou range from 24 to 84 months.</p>
<h3>Caribou vs Other Marketplaces</h3>
<table width="638">
<tbody>
<tr>
<td width="160"></td>
<td width="160"><strong>Caribou</strong></td>
<td width="160"><strong>RateGenius</strong></td>
<td width="160"><strong>MyAutoLoan</strong></td>
</tr>
<tr>
<td width="160"><strong>Minimum credit score</strong></td>
<td width="160">580</td>
<td width="160">550</td>
<td width="160">575</td>
</tr>
<tr>
<td width="160"><strong>Loan amount</strong></td>
<td width="160">$10,000–$100,000</td>
<td width="160">$12,000–$100,000</td>
<td width="160">$5,000–$99,000</td>
</tr>
<tr>
<td width="160"><strong>Loan term</strong></td>
<td width="160">24–84 months</td>
<td width="160">24–84 months</td>
<td width="160">24–84 months</td>
</tr>
<tr>
<td width="160"><strong>APR</strong></td>
<td width="160">2.83%*</td>
<td width="160">1.99%</td>
<td width="160">1.89%</td>
</tr>
<tr>
<td width="160"><strong>Recommended for </strong></td>
<td width="160">Borrowers who want lower rates</td>
<td width="160">Borrowers with less-than-fair credit</td>
<td width="160">Borrowers who want to lower monthly payments</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>


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