- Starting APR: 2.83%
- Terms: 48 to 84 months
- Amounts: $10,000 to $100,000
Caribou had the lowest average APR for auto refinance loans on the LendingTree platform. Caribou matches borrowers with a network of regional and national lenders — these include many credit unions, which tend to offer lower interest rates than banks.
There are a couple of downsides, however: For one, Caribou charges a $399 fee, which can be rolled into your new refinance car loan. In addition, its loans aren’t available to borrowers in Maryland, Massachusetts, Mississippi, Nebraska, Nevada, West Virginia and Wisconsin.