Today’s lowest auto loan refinance rate1

As low as

8.24% APR

To qualify for the lowest rate, the loan must include:

  • A term of 36 months or less
  • A loan for $30,000 or more
  • Financing of 80% or less of the car’s value
  • A credit score of 800 or higher
  • A vehicle that is less than 12 months old
  • Automatic payments from a U.S. Bank personal checking or savings account

Should I refinance my auto loan?

Depending on your unique situation, your reason to refinance may vary. Here are a few reasons why many people choose an auto loan refinance.

Lower your interest rate

If you qualify for a lower interest rate, you could save money over the remaining duration of your auto loan.

Lower your monthly payment

Refinancing could help you keep your vehicle but lower your payment to better fit your monthly budget.

Pay your loan off sooner

Your monthly payment may increase, but you’ll make fewer payments overall and may pay less interest in the long term.

How does auto loan refinancing work?

If you’re looking for a new auto lender, you could have a decision in a few days when you apply for a U.S. Bank auto loan refinance. Auto refinancing is not available in all states.2


Gather a few things before you start:

  • Current loan balance, account number and lien holder
  • Vehicle identification number (VIN) 
  • Insurance provider information
  • Vehicle registration


Fill out our easy online application (or visit a nearby U.S. Bank branch for help). We’ll give you our decision by email within 3 to 5 business days. If we don’t accept your initial application, we may respond with a counteroffer you can consider.


When you’re approved, grab your insurance and registration documents and stop by your local U.S. Bank branch. A loan officer will help you finalize the details and set up payments. Then, we’ll pay off your existing loan and update the title.

Thinking about selling your car?

Easily request and receive the best offers on your vehicle from participating local dealerships. Just tell us about your car’s mileage, history, condition and any special equipment. In just minutes, we’ll show you who’s ready to buy it today. 

Care for the life of your car or truck.

As a U.S. Bank customer, you can store and access all your vehicle records with U.S. Bank Vehicle Manager. It’s a great way to stay up to date on maintenance, track the value of your vehicle and more.

Start of disclosure content
  1. Rates as low as 8.24% annual percentage rate (APR) are available for auto loans with a 36-month or less term; for $30,000 or greater; an LTV of 80% or less; a vehicle age of 12 months or less; and an applicant with a credit score of 800 or higher. Rates may be higher for smaller loan amounts, longer terms, vehicles older than 6 model years, a lower credit score and other qualifiers. In order to receive the lowest rate advertised, a setup of automatic payments from a U.S. Bank personal checking or savings account is required, but neither is required for loan approval. The Consumer Pricing Information brochure lists fees, terms and conditions that apply to U.S. Bank personal checking and savings accounts. This brochure can be obtained by visiting a U.S. Bank branch or calling 800-872-2657. Loan fees apply. Loan payment and APR will vary based on the loan amount, the term, and any fees. Loan payment example: for a $30,000 automobile loan over a 36-month term, monthly payments would be $943.42 at an APR of 8.24%. A prepayment penalty of 1% of the original loan amount applies if the account is closed within 1 year, with a $50 minimum and $100 maximum. There may be a title registration fee which is determined by your state of residence. Offer is subject to credit qualifications. Rates are subject to change. Some additional restrictions may apply. Installment loans are offered through U.S. Bank National Association. Deposit products are offered through U.S. Bank National Association. Member FDIC.

  2. Auto loan refinancing is available in the following states: Arizona, Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin, Wyoming.

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Credit products offered by U.S. Bank National Association and subject to normal credit approval.