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Insider experts select the best products and services to help you make smarter decisions with your money (here’s how). In some cases, we receive commissions from our partners, but our opinions are our own. Terms apply to offers listed on this page.
Usual annual rate (APR)
2.83% to 36.00%
Usual annual rate (APR)
2.83% to 36.00%
detail
Usual annual rate (APR)
2.83% to 36.00%
pros and cons
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Caribou Auto Refinance Pros and Cons
Caribou is ideal for borrowers with excellent credit scores looking to refinance their auto loans. A borrower with a high score may be able to take advantage of his Caribou’s lowest interest rate, which is the best compared to other companies in the auto loan industry.
However, residents of certain states (Massachusetts, Mississippi, Nebraska, Nevada, Wisconsin, West Virginia) are not eligible to take out loans. Additionally, borrowers who want to initiate a new loan or purchase a lease cannot do so with Caribou.
Caribou Auto Refinance Comparison
Side-by-side snapshot
Editor’s rating
Usual annual rate (APR)
2.83% to 36.00%
Editor’s rating
Usual annual rate (APR)
Varies by dealer
Editor’s rating
Usual annual rate (APR)
from 4.00%
Wells Fargo offers new and used vehicle financing, lease purchases and refinancing. Refinancing is only available at Caribou, and used cars are only available at Carmax.
CarMax and Caribou are online lenders, and Wells Fargo is a brick-and-mortar lender with over 11,000 locations nationwide.
See how car loans are evaluated »
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Frequently Asked Questions
Caribou is a Better Business Bureau accredited company and has an A+ grade from BBB, a non-profit organization focused on consumer protection and trust. The BBB looks at companies for their responsiveness to consumer complaints, honesty in their advertising, and openness about their business practices.
However, a good BBB score does not guarantee a good relationship with the company. Ask friends and family who have dealt with the company how their experience has gone.
The lender has not been involved in the recent controversy. Between his brilliant BBB score and illustrious history, you might feel comfortable borrowing from Caribou.
Caribou does not publish the minimum credit score required for loans. In general, the higher your score, the more likely you are to qualify.
Yes, Caribou charges a $399 fee to refinance your loan.
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