Auto loan refinance requirements (typical)
Requirements vary by lender, but most use the same building blocks. Knowing these helps you predict "is this even likely to be available?" before you chase rates.
Common approval constraints
- Vehicle age/mileage cutoffs (older vehicles can be harder)
- LTV (loan-to-value): loan amount vs vehicle value
- Loan age: some lenders want a few months of history
- Income/DTI and credit profile checks
- Insurance and title state rules
What you usually need to provide
- Payoff information (payoff amount + instructions)
- Vehicle info (VIN, year/make/model)
- Proof of insurance
- Basic employment/income info (varies)