iLending vs RefiJet Auto Loans

iLending, founded in 2006, is a company based in Englewood, Colorado, specializing in auto loan refinancing. Originally known as Fleet Financial, the company rebranded to iLendingDirect and shifted their focus to helping consumers lower their auto loan payments by connecting them with the best lenders and rates. With a team of over 250 employees, iLending has expanded to meet the increasing demand for auto loan refinancing services. They aim to streamline the refinancing process through online applications and dedicated loan consultants, focusing on transparency and customer service throughout the refinancing journey. Keep in mind that iLending doesn't disclose minimum credit score requirements, so it's advisable to check directly with them to determine if you pre-qualify. They maintain an A+ rating with the Better Business Bureau (BBB) and have been recently recognized as the top Auto Refinance Company by LendingTree for Customer Satisfaction, among their earned accolades. This demonstrates their commitment to ethical business practices and exceptional customer experiences, supported by stellar online customer reviews.

Founded in 2016 and based in Denver, Colorado, RefiJet offers auto loan refinancing and lease buyout loans, utilizing advanced technology to ensure seamless customer service and robust data security. RefiJet's features include a fully online application process, accommodating various vehicle types and credit scores, and connecting borrowers with a nationwide network of over 20 lenders. They offer competitive interest rates starting at 2.49% for highly qualified borrowers, with loan terms ranging from 24 to 96 months. Customers generally praise RefiJet for their efficient service and knowledgeable staff, highlighting the ease of securing better interest rates and terms. However, some have experienced delays and communication issues. RefiJet also provides additional services such as Guaranteed Asset Protection (GAP) and Extended Service Contracts (ESC) for extra financial security. Pricing includes an origination fee of up to $495, added to the total loan amount, with no prepayment penalties. RefiJet's comprehensive refinancing solutions cater to a wide range of financial needs, making them a viable option for many borrowers seeking improved loan conditions.