Best Auto Loan Refinance Banks of 2022
- Best for Great Credit: LightStream.
- Best for Checking Rates Without Impacting Your Credit: Capital One.
- Best Trusted Name: Bank of America.
- Best for The Most Options: AutoPay.
- Best for Members of the Military: USAA.
- Best for Peer-to-Peer Loans: LendingClub.
Which credit union is best for auto refinancing?
Consequently, refinancing a car loan — which involves applying for a new loan — could temporarily ding your credit score. It lowers your accounts' average age: Refinancing also lowers your average age of accounts, leading to a possible decrease in your credit score.