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About RateGenius

RateGenius works with more than 150 lending partners to help you refinance your auto loan and save money. The company matches you with lenders that fit your situation, and it advertises saving people an average of $83 a month after refinancing. The company also provides personal finance resources through its blog.


  • 150+ lenders
  • Rates at 2.43%
  • Easy application
  • High average savings


  • No comparison
  • May have fees

Bottom Line

RateGenius is a simple refinancing platform that compares over 150 lenders’ rates and terms to find the best fit. Though you can compare loan offers directly, the low rates and high average savings make it a good option.

What is RateGenius?

RateGenius is a nationwide vehicle refinance platform that works with more than 150 lenders to help customers find savings on their auto loans. Using its advanced technology platform, RateGenius saves customers an average of $83 per month after refinancing. It also has a long list of 4- and 5-star reviews that praise its helpful customer service team and ability to offer multiple savings opportunities. On its website, RateGenius provides news and resources dedicated to helping customers make smarter financial decisions across the board.

How does RateGenius work?

With RateGenius, customers apply online to find rates. The RateGenius system looks at options from more than 150 lenders to help narrow down the best savings and terms that fit each person’s situation. Its financial team compares your options for you to find the loan that’s the best fit for your situation. After you choose your refinancing solution, RateGenius will pay off your old loan with your previous lender, transfer your title to the new lender with a lower rate and transition you to your new lender.

How to apply for a RateGenius loan

Customers can apply online or over the phone with RateGenius. The online application is easy to follow, walking you through the process step by step. Unfortunately, it doesn’t let you compare your loan options immediately on the platform itself. Instead, it takes your information, including income, rent payments, vehicle information and more, and then sends that to a loan officer.

This person will then reach out directly to you to discuss your options and answer any questions you may have.

RateGenius rates and fees

Loan rates start as low as 2.43% on a 48-month loan for those with excellent credit, according to RateGenius at the time of publishing. The fees associated with RateGenius depend on the situation. In some cases, there will be prepaid charges associated with your loan, which vary by lender and state. Some states may also require a DMV fee to process the title. If there are fees associated with your situation, RateGenius says it discloses and documents them.

RateGenius FAQ

Does RateGenius run your credit?
Yes. After you submit an application, RateGenius runs a hard credit check in order to provide more specific results. You can choose not to send in your Social Security number with your application, which means you won’t get a credit check — but this also means your rates won’t be as personalized.
How long does it take to hear back from RateGenius?
It typically takes between 24 and 48 hours. During this time, its team is figuring out what options are available to you and what may work best for your situation.
Can I refinance with RateGenius with poor credit?
Yes, but your rates will likely be high. The best interest rates are reserved for those with the highest credit scores.
Where is RateGenius located?
RateGenius is based in Austin, Texas.

Is RateGenius legit?

RateGenius is a legitimate refinancing platform that offers a fully online auto refinancing experience. It partners with over 150 lenders across the U.S. If you’re expecting a platform that allows you to see and compare your own options in real time, RateGenius may not be the right fit. Instead of showing you options, its experts handpick loan offers on your behalf. Applying takes only a few minutes, and you can refinance your car loan within 24 to 48 hours.

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