In order to qualify for an auto loan refinancing, you need to have a good credit score a minimum of 580 credit score. If your credit score has improved ever since you took out the original loan, you may qualify for auto refinancing.
Lenders also look at your vehicle when determining whether or not to accept your refinancing request. They have mileage and age requirements for the vehicles they consider for auto refinancing. Although these requirements vary from lender to lender, most lenders won’t refinance a vehicle that is older than 10 years. Make sure it’s 2010 or Newer and its mileage should be under 140,000.