Is My Car Eligible?
To refinance your auto loan through Upstart’s platform, your vehicle must meet the following general eligibility criteria:
✔ Age & Mileage – Most lenders require the vehicle to be less than 10 years old and have fewer than 140,000 miles. Some lenders may have different age or mileage restrictions.
✔ Ownership & Registration – The vehicle must be registered in an eligible state, and you must be in possession of the vehicle.
✔ Title Status – The vehicle must not have a salvage title, be reported as stolen, or have any outstanding second liens.
✔ Personal Use – Vehicles used for commercial purposes or registered as commercial vehicles are not eligible for refinancing.
✔ Co-Owners – If the vehicle has a co-owner, they must consent to the refinance application and may be required to sign a co-owner consent form.
Is My Existing Auto Loan Eligible?
To qualify for auto loan refinancing, your current loan must generally meet the following criteria:
✔ Remaining Loan Term – Most lenders require at least 24 months and no more than 72 months remaining on your existing auto loan.
✔ Loan Balance – The outstanding loan balance must typically be between $9,000 and $60,000, though requirements may vary.
✔ Loan Status – Your loan must be in good standing and not past due at the time of refinancing.
How to Check Your Eligibility
If you’re unsure whether your vehicle or loan qualifies, you can apply to check your eligibility with no impact on your credit score. Upstart’s platform will perform a soft credit check, allowing you to see potential offers without affecting your credit.
💡 Note: Final loan approval and terms depend on your credit profile, vehicle details, and lender-specific requirements.
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