If your credit score sits in the fair range, plenty of refinance lenders will pass you by. RefiJet built its reputation on working with lower credit scores. But is RefiJet legit, and how much will it really cost you?
Here is an honest breakdown of how RefiJet works, what it charges, and how it compares. Terms apply; APRs vary by creditworthiness.
| Feature | Details |
|---|---|
| Company | RefiJet |
| What it does | Auto refinance, cash-out refinance, and lease buyout matching |
| Min credit score | About 500 to 580 |
| Loan types | Refinance, cash-out refinance, lease buyout |
| Avg savings / APR | APRs roughly 4.29%-21.99% |
| Notable fees | Origination fee up to $695 |
| Availability | Most US states (not all) |
What RefiJet Is and How It Works
RefiJet is a Denver-based auto refinance company founded in 2016. It operates as a broker under the Yield Solutions Group umbrella, matching your application to lenders rather than funding loans itself.
You start with an online prequalification that uses a soft credit check, so it does not hurt your score. If you like an offer, a loan advisor helps you finish the paperwork and pay off your existing loan.
RefiJet handles standard refinancing, cash-out refinancing, and lease buyouts. Cash-out lets qualifying borrowers refinance for more than they owe and take the difference in cash, as long as the vehicle has enough equity.
RefiJet Rates and Fees
RefiJet advertises APRs from about 4.29% up to 21.99%, depending on your credit, vehicle, and loan. As with any broker, the lowest rates go to the strongest borrowers. Terms apply; APRs vary by creditworthiness.
The fee to watch is the origination fee, which can reach up to $695. That is higher than several competitors, so make sure the lower payment still beats your current loan after the fee. The minimum loan balance to refinance is generally around $5,000.
Built for Lower Credit Scores
RefiJet's main draw is access for fair-credit borrowers. Its minimum score is often listed around 500 to 580, which is more forgiving than lenders that require 660 or higher. That makes RefiJet a realistic way to refinance a car with bad credit if past credit trouble has kept you from better rates.
Keep in mind that a lower score usually means a higher APR, so your savings may be smaller than what top-tier borrowers see.
Pros and Cons
The pros: acceptance of lower credit scores, cash-out and lease-buyout options, soft-pull prequalification, and strong customer ratings, including an A+ rating and accreditation from the Better Business Bureau as of July 2026.
The cons: the origination fee of up to $695 is on the high side, and some borrowers report aggressive upselling of add-on products like extended warranties. RefiJet is not available in every state. Its holding company also received two vehicle-loan complaints logged with the Consumer Financial Protection Bureau in 2024, both answered on time and closed with an explanation.
Is RefiJet Legit?
Yes. RefiJet has operated since 2016, holds an A+ rating and accreditation from the Better Business Bureau, and carries high marks across public review sites as of July 2026. It is a legitimate refinance broker, not a scam.
As always, the fine print matters. Decline any add-on you do not want, and check the origination fee against your savings before signing.
Alternatives to Compare
RefiJet is a solid option for lower credit, but comparing at least one more quote from the best auto refinance companies helps you confirm the rate and fee are competitive.
If you want a service that shops dozens of lenders and assigns a dedicated consultant, iLending also works with scores as low as 560 and reports average savings of about $148 per month, often with a lower processing fee.
If you would rather compare purchase loans or a lease buyout in the same place, myAutoloan runs a marketplace of 20-plus lenders covering new car, used car, private-party, refinance, and lease buyout loans, often returning offers within minutes.
myAutoloan
myAutoloan
Find the right auto loan in minutes — even with bad credit. myAutoloan connects you with 20+ lenders to compare personalized offers for new cars, used cars, refinancing, and lease buyouts. Free to use with no obligation.
Standout feature
Compare offers from 20+ lenders. Works with bad credit. BBB A+ rated.
Fees
Free
Pros
Free to use with no obligation. Works with all credit types including bad credit. BBB A+ accredited.
Cons
Some users report receiving calls from multiple dealers after applying.
What Users Commonly Report
Public feedback for RefiJet skews positive, with a high average rating and frequent praise for responsive advisors as of July 2026. Many borrowers describe a real drop in their monthly payment.
The recurring complaints center on upselling of extra products and, for some, slower-than-expected processing. A few felt the origination fee was steep. Read your final terms closely.
Frequently Asked Questions
Is RefiJet legit?
Yes. RefiJet has operated since 2016, holds an A+ rating and accreditation from the Better Business Bureau, and has strong customer reviews as of July 2026. It is a legitimate auto refinance broker that earns money when you close a loan.
What credit score do you need for RefiJet?
RefiJet is friendlier to fair credit than many lenders, with a minimum score often listed around 500 to 580. A higher score will usually unlock a lower APR.
How much does RefiJet cost?
RefiJet charges an origination fee that can reach up to $695, which can often be financed into the loan. Getting a prequalified quote with the soft credit check is free.
Does RefiJet offer cash-out refinancing?
Yes. Qualifying borrowers can refinance for more than they owe and take the difference as cash, as long as the vehicle has enough equity. Rates and eligibility depend on your credit and loan details.
