Refinancing Your Car with Caribou? See the Advantages of Caribou Financial

Using the Caribou auto refinance marketplace can help you find the loan offers you need.

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About Caribou

Caribou is one of the best auto loan refinancing marketplaces you will find online. They are formerly known as MotoRefi. Their legal company name is Caribou Financial, Inc. d/b/a Caribou. Caribou specializes in auto loan refinancing and helping people save money on monthly car payments.

Caribou Auto Refinance Multi Color Logo
Advertiser Disclosure

Lender Type

Marketplace

$110+ Avg Savings Per Month*

A+ BBB Rating

4.0 Google Rating

Online Marketplace

Large Lender Network

$399 Processing Fee

APR Rate

2.83%***

Caribou's featured rates are as low as 2.83%*** APR. Your actual presented offers may vary based on things like your vehicle, location, and credit score.

Credit Score

650+

Caribou works with people interested in refinancing who have various credit ratings including good ranges of 650+ and higher.

When Applying

Pre-qualification available with no SSN++ required to see offers from multiple lenders.

Qualifying with Caribou

Auto Refinancing Success

Here are a few things you can do when it comes to refinancing your car and qualifying with Caribou.

  • Credit Qualification

    Make sure your credit score qualifies for refinancing with Caribou. You must meet the minimum score to refinance your car through the platform.

  • Collect Documents

    Get your documents in order so you have everything ready to go when refinancing. This includes your ID, pay stubs, vehicle docs, and loan info.

  • Calculate Your Savings

    Know how much refinancing your car will save you. Compare new offer savings to your current rates with the auto refinance calculator.

TrustPilot Reviews

See what real customers have to say about Caribou on Trustpilot.

Austin johnson
Austin johnson
January 21, 2023

Loan officer was amazing

Loan officer was amazing. Everything was very simple and he talked me through the entire process.

Torri Bernard
Torri Bernard
January 20, 2023

My Lead Loan Officer Nina Tapias I…

My Lead Loan Officer Nina Tapias I would say was extremely help and friendly. I was nervous about the process in the beginning but she made it easy and comfortable. Really great job she did when it came to help me through the process. Very professional!!!!

Danny Bean
Danny Bean
January 19, 2023

Fast and Effective with shortest term…

Fast and Effective with shortest term with lower interest and payments

Ben LeVay
Ben LeVay
January 19, 2023

Terrible experience

Terrible experience! was working with them on a refi but their loan officer (dont wana get him in trouble) mentioned that half the company was laid off and he himself wouldnt recommend refing with the company because of that and shady practices like the insane $400 fee for being a middleman. oh well, i will go directly to the credit union!

Shannon
Shannon
January 11, 2023

Convoluted is an understatement

Convoluted is an understatement. If you happen to deal with Brian, prepare yourself for resending the same documents and retaking dozens of photos of your i.d although every picture sent all information is clearly visible. I’m fed up with Carabou’s hoops. Save yourself the trouble and deal with the lender directly.

John Lammers
John Lammers
January 10, 2023

Nina from Caribou was very helpful and…

Nina from Caribou was very helpful and was very quick to respond to my questions.

SHAWN GRIES
SHAWN GRIES
December 30, 2022

Horrid

Horrid, still submitted my hard pull after many requests not to. Had to contact Transunion and Tower Federal Credit Union(their main go to). To do a reversal with my proof. The 1 day deal was 10 days. Maybe the hardest place to contact in the world. The $400 fee they charge you can be waived if you go directly to Tower Federal Credit Union yourself with Caribou.

Candy H
Candy H
December 23, 2022

The process was easy and My Agent Was…

The process was easy and My Agent Was very Helpful and always available if I had a question. Thank You Arthur Scott for making this process easy for me!

Adam Jones
Adam Jones
December 19, 2022

Great rates, long funding process, customer service process not great

Caribou did a great job in finding me a lower interest rate and payment but fees were extremely high and not informed about fees until end of process. This process was also very time consuming with a lot of back and forth. Communication was not great with officer as there were several issues with documents that I was not informed of and had to reach out to get and update that further actions were needed in which I think made the process take longer than it needed. Overall it seems as though once you sign and commit to your new contract, the customer service declined and you were no longer a priority.

Fel Mar Vagilidad
Fel Mar Vagilidad
December 15, 2022

I was looking to refinance my car

I was looking to refinance my car, I found out Caribou and gave it a try. It was quick and easy Mr Arthur Scott walked me through from start to finished, after a week of sending and signing documents I got approved and funded. Good job and well done!

Jayne Perkins
Jayne Perkins
December 10, 2022

I sent everything needed to refinance…

I sent everything needed to refinance my car loan and Colby was very helpful in getting approved and was always available if I had any questions.

Amina
Amina
November 18, 2022

The application process was easy

The application process was easy, and the loan officer was great at communicating the next steps. the whole process, from the application to the funding, took two weeks. My interest rate, as well as my monthly payments, went down.

Josh Powers
Josh Powers
November 17, 2022

Great Vehicle Refinancing

Refinanced my truck through Caribou. Arthur was great to work with, He kept in contact through the whole process and made it as easy as could be. I would certainly do it again in the future. Everything was completed in about 3 business days.

Arithia W Calhoun
Arithia W Calhoun
November 11, 2022

What made my experience great is I had…a nice person to explain explain things.

What made my experience great is I had a really nice person to help me in refinancing my loan I thank Arthur Scott from Caribou he was a great person to work with he told me all the information I needed for my application he was a great help thanks Arthur Scott for making my experience great. Arithia W Calhoun

Jessica Mehr
Jessica Mehr
November 8, 2022

Dishonest sales tactics

I wanted to refinance because I had a high interest and long term so I wanted to decrease both. I knew by doing so this would increase my monthly payment significantly which I was ok with. During the signing process my agent really pressured me for more add-ons out of "concern" for me which would have increased my payment even more. I saw through his sales tactics but more gullible or desperate people may not have. Then in signing the contract I found out I had been signed up for auto pay without my knowledge. When I brought it to the agents attention I was told not having it would increase my interest rate which was I was never told. The up-sell attempt and dishonesty I would not recommend this company.

Adrienne Williams
Adrienne Williams
November 3, 2022

Skeptical at first, BUT was Wowed!

Arthur Scott kept me updated throughout the refinance process. I got the rates I was looking for and it will save me $4500 in interest over the life of my loan.

M CT
M CT
November 3, 2022

Arthur is the best!

Arthur was extremely helpful! He facilitated every step. From reaching out immediately after I had applied to answer my questions, to the paperwork needed to be complete, to finally guiding me thought the final steps of my approval. Thank you so much!!!

Jessie Barrack
Jessie Barrack
October 25, 2022

Saved us money and was so easy!

We wanted to refinance our vehicle because our old lender kept making mistakes and providing poor service. Not only did Caribou provide excellent service, but they helped us lower our rate, term and payment! What a nice surprise and a great experience!

Samantha Crisp
Samantha Crisp
October 19, 2022

Amazing Customer Service

Everyone I have spoken with during my refi process has being amazingly nice and helpful. I had been devoting doing a refi for a while due to a high monthly payment. I did some research and found Caribou. I have had a very pleasant experience with them thus far.

Addis
Addis
October 15, 2022

Nina Tapias

Nina Tapias was very helpful in getting me a good interest rate on refinancing my car loan. She helped me every step of the way. I’m very satisfied!

Vanessa Gutierrez
Vanessa Gutierrez
October 6, 2022

I had a great experience due to Nina

I had a great experience due to Nina. She was very thorough when explaining the process. She was there every step of the way helping guide me through it. Thanks again Nina! 10/10 recommend 🙌

ISAAC LEE MARTIN JR
ISAAC LEE MARTIN JR
September 29, 2022

Much Better Interest Rate

I liked the fact that a much better interest rate was obtained, however it did take longer than I thought in underwriting, and CSR could have had better communication explaining the extended period of time it took. Finally, was not advised the anount of finder's fee to Caribou. But, the new interest rate makes everything better!

N/A
N/A
September 29, 2022

Poor Customer Service and follow up

Chris provided horrible customer service and onboarding experience. On this experience alone, I do not think I will ever use Caribou again which is a shame.

Danny A.
Danny A.
September 28, 2022

Great auto-refinance experience!

The auto refinance experience with Caribou was quick and easy. Fill out a form online, get an email and a call within a couple of days, and boom, new car low payment in a couple of weeks. They did all the heavy lifting, were pleasant, helpful, and informative in all our interactions, and I still feel like I got a great deal. Win-win.

brian abney
brian abney
September 26, 2022

Refinance from gm

Seriously easy process. I saved 7% from my loan I just got a month ago at the dealership. Can't recommend enough. Good customer team. Very good experience!

Jon Lange
Jon Lange
September 22, 2022

Excellent

This was the best experience I've ever had when it came to a loan. Arthur was very personable and professional. He explained things thoroughly and answered all my questions honestly. I would recommend him to family and friends. Thank you Arthur

Jaki Brown
Jaki Brown
September 15, 2022

The refinance experience was easy

The refinance experience was easy. The representative was friendly and knowledgeable. The rate and terms are great. I recommend using Caribou for your refinance needs. Jaki Brown

robert burroway
robert burroway
September 12, 2022

Nina was helpful and walked me through…

Nina was helpful and walked me through the whole process. She took extra time and communicated with me later into the evening then I would have expected because of the hours I worked she kept the process on track and help me complete all of the paperwork within time limit for getting the process done

Sadie Durocher
Sadie Durocher
September 3, 2022

Quick & Painless

My experience with Caribou exceeded my expectations. Everything was so easy and went super quick. Communication took place throughout the entire process and my loan officer was so informative and kind. Would definitely recommend.

Desiree Lal
Desiree Lal
September 1, 2022

Kind and proffesional

Hi! I just recently refinanced with Caribou. Joey was very wonderful, proffesional, and kind when walking me through the refinancing process. I was able to get a cheaper monthly payment, and a better interest rate at the same time. I am very appreciative with how stress free this whole process was.

Zakiah Tyson
Zakiah Tyson
August 31, 2022

I will like to start off by saying my…

I will like to start off by saying my extwas great! Nina was very helpful she answered all my questions, and made the process so easy. I give this expression a 10/10 best decision I made.

Betty Palomino
Betty Palomino
August 28, 2022

Amazing Experience

I am very happy that I chose Caribou for my auto refinance because my entire process when smoothly thanks to Danny D. Danny at Caribou was very helpful and answered all my questions promptly. If you are looking to refinance your vehicle you will be in good hands with Caribou.

Jason Justian
Jason Justian
August 24, 2022

Excellent Experience

When you do something you don't do too often, like refinance a car, you want to be in the hands of somebody who knows what they're doing. Someone who's responsive, professional, and knowledgeable. Arthur Scott from Caribou is one of those people. The process was fast and efficient, done mostly via email or text message. I'd gladly do business with Mr. Scott and Caribou again, when the need arises. Thank you!

KM Horton
KM Horton
August 22, 2022

Nina Tapias

Nina Tapias, the Loan Agent is phenomenal. She was patient answered all of my questions. Gave stellar customer service and had great communication. Most importantly saved me money.

Smooth_ Orange
Smooth_ Orange
August 22, 2022

Shaloom Useche, great job!

Shaloom Useche did a great job in communicating with me in everything I needed to do and made my paperwork process and refi super easy and convenient! She is prompt at returning my texts and phone calls, and was clear in any questions I needed answered. They got me a great reduction in my rate as well

Michelle Tumpkins
Michelle Tumpkins
August 17, 2022

The person I spoke with was absolutely…

The person I spoke with was absolutely rude and not empathetic about the situation at all. He was laughing and being extremely rude about it. Told me to “make more money or you know get a parent or co-signer” in the most nonchalant manner. He almost insinuated his manager was laughing too. Even if I did go “make more money or you know go get a parent or co-signer” I wouldn’t dare come back to your business. First impressions are everything and you certainly blew it.

Kyle Scott
Kyle Scott
August 15, 2022

Excellent Service!

My loan officer was Shaloom Useche, she made everything simple and straightforward, and handled all the details carefully and efficiently. I couldn’t be happier!

Jordan Felton
Jordan Felton
August 13, 2022

Frustrating Process

The agent Sara was nice enough but when it came to sending her my documents the process was not smooth at all. I would send her my docs and she would say “ok yes this will work” but then come back later and say she needed something else. I had to notorize documents 4 different times, wasting my time and money, because she kept approving them without recognizing errors and then would come back later and say there was an issue. It was a very frustrating process for me, but I’m giving 3 stars because they got me a much lower car payment and they did send a gift card for the inconvenience.

Therene Alston
Therene Alston
August 13, 2022

My experience was great

My experience was great. Liz was extremely helpful through the process. Caribou offered me my refi when two others denied. Not sure why I was denied all my scores were over 650 and no late payments. Either way Caribou approved me!

Alicia Kraus
Alicia Kraus
July 31, 2022

So surprised!

I was so surprised with how fast I was able to refinance my car. Arthur helped me get my car refinanced within the day! He made everything go by fast and easy. Will definitely be recommending to friends and family.

Julia Kunze
Julia Kunze
July 29, 2022

Nina was very helpful

I enjoyed using caribou to refinance my loan. Nina helped me and she communicated with me clearly. I knew everything I needed to get done and she was very quick to respond and patient with me.

Kanel
Kanel
July 19, 2022

Solid user experience and savings all-around

Solid user experience all-around from the Caribou interface/site, online application process, online loan management, and most of all the personable and diligent service by my Loan Officer, Arthur Scott, Jr.! And best of all, they managed to find the most competitive rate for my refi loan; lowering my monthly payments by over 10%.

jenny manning
jenny manning
July 15, 2022

Great experience

Great experience and Arthur was the best walking me thru the process and making sure I had everything I needed as well as making sure I understood all information. Would do business with them again and recommend to family and friends.

Teresa Krell
Teresa Krell
June 28, 2022

Ryan at Caribou Financial

Ryan McDaniel at Caribou Financial made my refinance on my car the best and easiest process. I contacted Caribou, Ryan answered and took over to do everything for me and was on top of the process the entire time. He took the time to give me the best rate and made sure I understood everything before I moved forward. He was available when I needed him and was very professional. The smoothest process I’ve ever had due to him and I was able to go about my day. Thank you, Ryan. I would definitely recommend Caribou to anyone.

Dan Sather
Dan Sather
June 24, 2022

My wife and I were working with Coy…

My wife and I were working with Coy Nguyen from Caribou to help with an auto loan. After we send our documents and he ran our credit, he stopped replying to my emails. I'm still not sure where we stand as no one from the company will talk to me.

Shawn White
Shawn White
June 24, 2022

Easy & Fast process with Great Rates

Such an easy and fast process. Daniel Schoonmaker was so helpful and quick to reply. My only regret is not doing this earlier. Got a great rate and saving lots of money in interest and a lower payment. What's not to like.

Emily G. Schwab
Emily G. Schwab
June 24, 2022

I’d give my experience more stars if…

I’d give my experience more stars if possible. It’s not completely finalized, but I am so impressed with the representative who helped me through the process. High five to Jim Hatch.

Todd Smith
Todd Smith
June 15, 2022

Incredibly negative experience

Incredibly negative experience. To begin with, I have GOOD credit, not excellent, but good (700+). I responded to their outreach to help me find a better rate on my car loan. Very little transparency into the situation. After a hard credit pull that pushed my score down, I was told they couldn't get me a loan with their first choice. Again, I have a strong income and a score north of 700. They asked if they could try again. so I agreed. Second hard pull. Credit dinged again for that. Then? Nothing. The person I was communicating with simply disappeared. So I now have two new inquiries on my credit and nothing to show for it. They will tell you they can save you hundreds a month, but really they just hurt your credit and do nothing and don't communicate. I wish I had never heard of these clowns.

Casimir Finley
Casimir Finley
June 4, 2022

Smooth and easy process

Wanted to refinance my vehicle and filled out an application online. Loan officer Arthur Scott, with caribou, immediately responded to my application and assisted with the refi process. I was able to get a lower APR and payment within my budget. He did all the heavy lifting, and made this process a breeze. He is very knowledgeable, and helpful is an understatement. If you need help refinancing, Arthur is your guy 100%!

Rayven King
Rayven King
June 2, 2022

Refinancing with Caribou was so simple

Refinancing with Caribou was so simple. Working with Shaloom Useche was quick and convenient with my ability to do most of the paperwork right from my phone (texting or email) and on the go. I was on the phone for about a hour to discuss all of the information needed and I didn't feel rushed or forced to make a decision. I would definitely recommend working with her and giving this company a chance due to their great rates, transparency and efficiency. I was approved and funded in less than a week. Good job Caribou.

Austin johnson
Austin johnson
January 21, 2023

Loan officer was amazing

Loan officer was amazing. Everything was very simple and he talked me through the entire process.

Torri Bernard
Torri Bernard
January 20, 2023

My Lead Loan Officer Nina Tapias I…

My Lead Loan Officer Nina Tapias I would say was extremely help and friendly. I was nervous about the process in the beginning but she made it easy and comfortable. Really great job she did when it came to help me through the process. Very professional!!!!

Danny Bean
Danny Bean
January 19, 2023

Fast and Effective with shortest term…

Fast and Effective with shortest term with lower interest and payments

Ben LeVay
Ben LeVay
January 19, 2023

Terrible experience

Terrible experience! was working with them on a refi but their loan officer (dont wana get him in trouble) mentioned that half the company was laid off and he himself wouldnt recommend refing with the company because of that and shady practices like the insane $400 fee for being a middleman. oh well, i will go directly to the credit union!

Shannon
Shannon
January 11, 2023

Convoluted is an understatement

Convoluted is an understatement. If you happen to deal with Brian, prepare yourself for resending the same documents and retaking dozens of photos of your i.d although every picture sent all information is clearly visible. I’m fed up with Carabou’s hoops. Save yourself the trouble and deal with the lender directly.

John Lammers
John Lammers
January 10, 2023

Nina from Caribou was very helpful and…

Nina from Caribou was very helpful and was very quick to respond to my questions.

SHAWN GRIES
SHAWN GRIES
December 30, 2022

Horrid

Horrid, still submitted my hard pull after many requests not to. Had to contact Transunion and Tower Federal Credit Union(their main go to). To do a reversal with my proof. The 1 day deal was 10 days. Maybe the hardest place to contact in the world. The $400 fee they charge you can be waived if you go directly to Tower Federal Credit Union yourself with Caribou.

Candy H
Candy H
December 23, 2022

The process was easy and My Agent Was…

The process was easy and My Agent Was very Helpful and always available if I had a question. Thank You Arthur Scott for making this process easy for me!

Adam Jones
Adam Jones
December 19, 2022

Great rates, long funding process, customer service process not great

Caribou did a great job in finding me a lower interest rate and payment but fees were extremely high and not informed about fees until end of process. This process was also very time consuming with a lot of back and forth. Communication was not great with officer as there were several issues with documents that I was not informed of and had to reach out to get and update that further actions were needed in which I think made the process take longer than it needed. Overall it seems as though once you sign and commit to your new contract, the customer service declined and you were no longer a priority.

Caribou's History

The company was founded in 2016, and their headquarters is based near Washington D.C. and Arlington, VA. They have various offices throughout the United States in Austin, TX, and Denver, CO and serve all of the 50 states except Massachusetts, Mississippi, Maryland, Nebraska, Nevada, Wisconsin, and West Virginia (44 at the time of writing). They also offer auto insurance bundling, key replacement, cosmetic care, and extended vehicle protection plans.

Caribou is making waves as a new auto fintech platform. In March of 2021, Goldman Sachs led a $45M investment round making it one of the hottest fintech companies of the year. They gained an additional $5M in August of 2021 from Curql Fund which further opened up access to credit unions. This further backs our choice of Caribou as the best auto refinance lender.

Their goal is to offer customers great refi rates and lower monthly payments. According to their website, they save their customers on average $110 per month* on car payments. Their fast, easy auto refinance system helps customers take control of their car payments. Your social security number (SSN) is not required to see initial refinance rates but is required for finalizing your new loan++.

Caribou is a marketplace because they partner with local lenders like banks and credit unions to best serve customers wherever they live. Using their platform, you can complete one refinance application and see multiple lender offers. The marketplace ranks loan offers with interest rate, term, and other details to help you make a good decision.

Refinance Rates

Featured auto refinance rates are as low as 2.83%*** APR with newer vehicles and prime credit scores or higher.

No SSN++

See savings without giving out your social security number++. SSN is only needed for the loan finalization steps.

Financial Goals

Keep your financial objective in mind to make sure you are on the right track. Shift your goals over time for the best results.

Applying for Car Refinancing with Caribou

The Caribou application portal is easy to use. The steps are entering your personal and vehicle information, checking your rate, selecting your offer, and finalizing your refinance. The application process can help you pull in your vehicle information by license plate or by entering your make and model with other vehicle options. Your application is assigned to a loan officer who will talk you through your submission details.

They also security connect to credit bureaus using your personal information to help you find your current car loan information. You can then import your loan information into the platform. These tools make it easy to apply for refinancing in an easy-to-understand format. The Caribou platform is one of the most innovative we’ve seen so far out of comparable auto refinance companies.

You can see the available car loan refinance options after a few steps into the process. Caribou states there is no impact on your credit score to see these initial rates+. The loan offerings are listed together so you can view and choose the best refinance option for you. Their loan officers are also very knowledgeable and helpful in answering lending questions along the way.

Caribou usually handles the entire refinancing process from submission to finalization with the lender. Their process is noted as “convenient, transparent refinancing that could put money back in your wallet, with offers from our network of trusted lenders.” They also help you figure out retitling your vehicle under your lender. This process can be tricky and take time, so check with the Caribou title team experts and titling specialists.

Caribou BBB Reviews

Trusted by Hundreds of People for Car Refinancing

4.8

5/5

Over 859 Reviews
Better Business Bureau
See Company Profile

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"Everything went smoothly. The rate I was initially quoted is the rate I was approved for and received. I had ain't issues with my car title and registration and they waited while I sorted that out. Process was incredibly quick and efficient."

Dayna N
5/5
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"I was so glad to run into this company and Jon M he was so helpful with the whole process made it quick and easy easy to understand I think they're a fantastic company and I will be telling my friends about them and family"

Theresa Y
5/5
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"The entire process from start to finish was amazing. Arthur S**** Jr, went above and beyond in helping me. I was referred to Pen Fed and my payments are now $60.00 less and my interest went from 12.5% to 7%. Thanks again!!!"

Benny M
5/5
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"I have a commercial vehicle insured and used for personal use. I was having a hard time finding a bank that would refinance. Logan made no promises but assured me that he would look into finding a lender. He found PenFed and everything was complete in a few days. I’m saving $100 per month which is what I needed."

Julia L
5/5

Car Loan Interest Rates with Caribou

Caribou can get you a car loan interest rate as low as 2.83%*** APR. This annual percentage rate is based on their qualified example of refinancing a 2020 or newer vehicle with less than 85,000 miles on the odometer and a credit score higher than 740 (prime and super prime credit score categories). Your offers and approval of those offers depend on factors including your personal information, credit score, and vehicle. Caribou works with their “trusted local and community lenders” to find you the competitive lending deals.

Find a Good Refi Deal

Why Choose Caribou?

Caribou can be just the place you are looking for when it comes to choosing the best auto refinancing company. They deliver results and "help put money back in your pocket" and save by matching customers like you with top lenders around the country.

Large Lender Network

Caribou's large lender network increases your ability to compare and choose the best refinancing offers and rates.

Pre-Approval & Pre-Qualification

Caribou's easy pre-approval process allows you to pre-qualify in minutes and immediately see offers from real lenders.

Real People - Real Results

Caribou is making waves in the finance world by providing excellent products handled by real industry experts.

Caribou Fees and Things to Know

Caribou does have a one-time loan processing fee of $399 which is factored into your total refinance cost. This fee is paid when you complete the refinance process, and there is no additional cost to you. It is similar to an origination fee and covers document processing and vehicle retitling which helps you avoid a trip to the DMV. The total cost (including the fee) to refinance is often cheaper than other options.

Additional product inclusions like GAP, motor vehicle service plans, and their key replacement programs can also help you and add benefit to your refinanced car loan. GAP is similar to a GAP waiver, GAP coverage, or GAP insurance and can help with total losses. Vehicle service plans can help you maintain or repair your vehicle. Key placement options can come in handy if you misplace your key fob or transponder.

Highlights

Featured rates are as low as 2.83%*** APR**

Average customer savings are over $110 a month*

The lending marketplace helps you find the best refinance deal

You can see available loan offerings from multiple verified lenders

Pre-qualification can take minutes on their secure platform

No social security number (SSN) required to see loan offers+

A+ BBB rating & accreditation

Caribou has a 4.0 star rating Google Review

Caribou Refinance FAQs

Have questions about refinancing with Caribou? Find answers to commonly asked questions!

Is Caribou car refinance legit?

Yes, Caribou Financial is a real company and can help you refinance your car. They provide a lending marketplace with access to different lenders around the United States.

Is Caribou a good finance company?

Caribou puts the customer first and provides competitive auto refinance offerings. They are very quick to update their interest rates and APRs so you know what you are getting as a customer. Their excellent TrustPilot and Better Business Bureau ratings show that.

What is Caribou's minimum credit score?

At the time of this writing, you need at least a 650 credit score or higher to refinance your auto loan with Caribou.

What is Caribou's APR?

At the time of this writing, Caribou's lowest APR is 2.83%**. The APR is the total cost to refinance and includes interest, fees, and other origination costs.

Does Caribou refinance older cars?

Caribou can refinance older cars up to around 10 years old. Older vehicles may not be accepted. This is because of lender requirements and guidelines.

When should I refinance my car through Caribou?

Any time is a good time to refinance. You should take advantage of any savings or dealership finance offerings before switching over your car loan with Caribou. Refinancing can potentially lower your interest rate and save you money in the process.

Does refinancing mess up your credit?

Refinancing a vehicle can lower your credit score by a few points. This is because it takes a new line of credit out and the hard pull during the loan finalization process.

What credit bureau does Caribou use?

Caribou primarily uses the Experian credit bureau for credit reporting and credit history checks.

How do I qualify for a Caribou loan?

To qualify for a Caribou loan, simply enter your vehicle and personal information on the Caribou application portal. Your SSN is not needed to see refinancing offers.

Can I pick my Caribou loan term?

Yes, once you pre-qualify or qualify with Caribou, you can see and compare different loan terms from marketplace lenders. Pick the term and rate which is best for you!

Can I pick my Caribou loan interest rate?

Yes, you can see available Caribou loan interest rates after you pre-qualify or qualify on the Caribou marketplace. Lower terms often have lower interest rates!

Is MotoRefi legit?

Yes, MotoRefi was a legit company and is now known as Caribou. They rebranded in 2021.

***2.83% APR is based on Caribou's qualified example of a customer with a credit score as high as 740 refinancing a 2020 or newer vehicle which has fewer than 85,000 miles. Actual APRs may vary.

APR is the Annual Percentage Rate. Your actual APR may be different. Your APR is based on multiple factors including your credit profile and the loan to value of the vehicle. APR ranges from 2.83% to 36.00% and is determined at the time of application. Lowest APR is based on loan amount of $45,000, 36 month term, and is available to borrowers with excellent credit and only in certain states. Conditions apply. Advertised rates and fees are valid as of 11/1/2022 and are subject to change without notice. Insurance savings will not result from lower APR.

+ To check the refinance rates and terms you qualify for, Caribou conducts a soft credit pull that will not affect your credit score. However, if you choose a loan product and continue your application, Caribou or one of their lending partners will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

++ Social security number is required should you choose to move forward in the loan application process.

Terms and Conditions apply. Caribou reserves the right to modify or discontinue products and benefits at any time without notice. Participating lenders, rates and terms are also subject to change at any time without notice. The information you provide to us is an inquiry to determine whether our lenders can make you a loan offer. If any of Caribou's lending partners has an available loan offer for you, you will be invited to submit a loan application to the lender for its review. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers. Caribou does not guarantee that you will receive any loan offers or that your loan application will be approved. If approved, your actual rate will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors. Offers not available in MA, MD, MS, NE, NV, WI, WV.