A car payment has a peculiar power. The car gets older, the odometer climbs, and the payment remains remarkably faithful. Your circumstances can change. Your credit can improve. That number keeps arriving. RefiJet has built a business around interrupting this routine: keep the vehicle, find a different loan, and let somebody else deal with the forms.
- One application opens a search across a network of lenders.
- A representative helps with documents, payoff, and title work.
- A smaller payment deserves a second question: what is the total cost?
The company occupies an interesting space between a comparison website and a financial institution. It matches drivers with lenders and helps finish the transaction. It does not supply the loan capital or make the credit decision. Its product is partly access, partly explanation, and partly the relief of having someone remember what happens next.
01 / The title clerk is part of the product
When RefiJet launched in October 2016, its founders had already identified an unglamorous requirement. A refinancing marketplace needed managers who could organize financial services representatives, funders, and title clerks. The company’s own history puts those people alongside technology at the center of its origin story. A title clerk rarely gets top billing in fintech. Here, the job helps explain the business.
Reid Rubenstein and David Sunshine, listed by parent company Yield Solutions Group as managing partners and co-founders, assembled a service around lending, compliance, and operations. RefiJet says high compliance standards helped attract lenders. As more institutions joined, it could accommodate more credit profiles. Trust between businesses expanded the choices available to consumers.
That gives RefiJet two audiences. Drivers want a manageable payment or different loan terms. Banks and credit unions want borrowers who fit their lending criteria. Yield Solutions Group describes targeting people with established payment histories and improved credit profiles. The original lender has already lived through the beginning of the relationship; the next lender can evaluate what happened.
02 / A marketplace with a person attached
The experience starts online or by phone. A consultant gathers information about the borrower, vehicle, and goal. RefiJet’s system compares the application against lender programs. Pre-qualification uses a soft credit check; moving ahead with a lender involves a formal application and a hard inquiry. An estimate is an opening conversation, rather than a promise of approval.
NerdWallet describes a network of about 50 lenders and highlights two details: applicants can see multiple pre-qualified options, and a RefiJet representative stays involved through the process. That continuity matters when the transaction includes a driver’s license, registration, insurance, income verification, signatures, and a vehicle title.
RefiJet transfers information into loan documents, coordinates the old loan’s payoff, and helps establish the new lender’s interest in the vehicle. Its secure portal handles document exchange. The Android app adds messaging, video meetings, file sharing, and electronic signatures. Technology does the copying; people handle the questions that copying cannot answer.
“RefiJet is not a lender and does not make credit decisions.”
RefiJet’s terms of service
Alternatives include refinance brokers such as iLending and Gravity Lending, or approaching a bank or credit union directly. Personal guidance is available elsewhere, too. RefiJet’s distinction is the combination of lender matching and transaction handling. Its usefulness depends on whether that combination produces terms and service worth the associated costs.
03 / The payment has a shadow
RefiJet advertises an average monthly reduction of $150 among borrowers who chose to lower their payments. The qualification matters. It excludes refinances aimed at other goals, and individual savings are not guaranteed. A payment reduction also says little, by itself, about lifetime interest. Stretch the repayment period and the monthly number can shrink while the interest bill grows.
Same $20,000. Two different clocks.
An illustrative loan comparison. Change the new loan’s term to see the trade-off.
Illustration only, not a RefiJet offer. Fixed rates, equal monthly amortization, no fees, add-ons, or payment deferral. Bars compare monthly payments.
There is no fee to apply. That does not establish the cost of completing a refinance. NerdWallet reports an origination fee of up to $695 for refinancing and up to $495 for lease buyouts. The signed offer determines the actual charge. Borrowers need to inspect the APR, amount financed, term, and total payments together, including any financed fees.
Optional protection products add another decision. Guaranteed Asset Protection, or GAP, addresses a covered shortfall between the vehicle’s insured value and the loan balance after theft or a total loss, subject to contract terms. An Extended Service Contract covers specified repairs. RefiJet says these costs can be added to the loan. That makes the coverage payable over time and makes the balance larger.
04 / Who pays for the hand-holding?
The company’s lender-facing explanation is unusually useful. Yield Solutions Group pays for marketing, customer communications, and processing. Lenders underwrite and fund the loans, then book and service them. They pay YSG fees only on funded loans. RefiJet therefore sells borrowers assistance while selling institutions an outsourced route to completed refinance business.
The menu also includes lease-buyout financing, cash-out refinancing for eligible borrowers with vehicle equity, and adding or removing a co-borrower when the new application qualifies. These address different problems. Someone keeping a leased car needs purchase financing. Someone removing a co-borrower needs a new credit decision and matching title records.
People remain central to delivery. YSG publishes values including accountability, collaboration, and compliance, and its leadership roster includes dedicated training, titles, and people-and-culture roles. The company made its first Inc. 5000 appearance in 2021. Its Android listing records a February 2026 update: the digital service continues alongside the telephone conversation.
05 / Bring a statement, leave with a comparison
A useful habit to copy is separating the goal from the monthly quote. Bring the current balance, rate, and remaining term. Compare the new offer with the payments still owed. Ask for optional products to be itemized. A clearer comparison makes the representative’s work more valuable and the borrower’s decision easier.
RefiJet’s published requirements include a 560 minimum credit score and an auto-loan history. Vehicle age, mileage, income, and lender criteria also matter. An older car, insufficient qualifying income, or fees that outweigh the benefit can defeat the proposition. A driver already holding favorable terms may have little reason to move. The service earns its place when the paperwork leads to a loan that fits the driver’s actual goal.