At a Glance
Rates & Fees
Key Features
Rates published by credit tier from Excellent (750-850) down to Poor (0-639)
Loan-to-value ratio capped at 125% and debt-to-income capped at 50%
Existing loan must be at least 1 month old with 24+ months of payments remaining
Personal-use vehicles only
Pros & Cons
Pros
- Wide credit-tier acceptance, including subprime borrowers
- Transparent, published rate-by-credit-tier structure
- Refinance marketplace connects applicants to multiple lenders
Tradeoffs
- Only refinances existing auto loans — no new-purchase financing
- Requires an existing loan balance between $10,000 and $55,000
- Vehicle must be under 10 years old and under 120,000 miles
- Strict LTV/DTI limits disqualify some applicants
How to Apply
Get pre-qualified with AUTOPAY to see an estimated rate before you shop for a vehicle, if the lender offers it.
Compare your pre-qualified rate against at least one other lender or your dealership's financing offer.
Gather proof of income, insurance, and identification, plus the vehicle's details (VIN, price, mileage) for the formal application.
Submit the full application through AUTOPAY directly; approval usually involves a hard credit inquiry.
Review the final APR, term, and total interest on the loan agreement before signing at the dealership or online.
How It Compares
Current product highlighted| Product | APR Range | Loan Amount | Vehicle Age Limit |
|---|---|---|---|
| AUTOPAY Auto Refinance | 4.67%–13.43% | $10,000–$55,000 | Under 10 years old, under 120,000 miles |
| Consumers Credit Union Auto Loan | 3.99%–19.99% | $250–$500,000 | New & used (up to 10 years old) |
| PenFed Auto Loan | 5.19%–17.99% | $500–$150,000 | New & used |
| LightStream Auto Loan | 7.24%–15.89% | $5,000–$100,000 | Any age |
Rates and terms shown are illustrative as of 2026 and vary based on creditworthiness, vehicle, and loan term — always confirm current terms directly with the lender.