Can I save money by refinancing my Toyota Rav4 loan?

data last updated

July 12, 2022

Refinance with Caribou and save!

Our customers save an average of over $100/month* on their car payments. These savings can add up quickly over the life of the auto loan. Apply today to see if you qualify for a lower monthly payment on your Toyota Rav4.

We work with trusted local and community lenders to bring you competitive rates as low as 2.32% APR**

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Average savings for a Toyota Rav4

Average monthly savings:

Average total savings:

$96

$695

* Your actual savings may vary

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How it works

How to refinance your Toyota Rav4 loan

A step by step guide to our process

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Did you get your financing from the dealership?

The original financing on your Toyota Rav4 frequently comes from the dealer where you initially purchased your motor vehicle. Automotive refinancing can be a great way to improve terms on your loan. This is also a good opportunity to change or add products like guaranteed asset protection coverage, vehicle service packages or VSCs, or extended warranties. If you no longer need one or more of these products you can terminate them and that refund could be applied to the principle of your car loan or you could get money back.

You may think that you've gotten a good deal when you financed your Toyota Rav4 with the dealership. However, consult us to see if refinancing can save you money. We partner with trusted local and community lenders to bring you competitive rates. Our customers save an average of over $100/month * on their vehicle payments with rates as low as 2.32 APR **.

Refinancing your Toyota Rav4

Refinancing your Toyota Rav4 can help you save cash every month. The refinancing process negotiates a new loan for your Toyota Rav4. You can take advantage of this by possibly changing the interest rate, term, and adding or eliminating additional items like GAP protection, vehicle service packages, or extended warranties.

Participating lenders provide refinancing options based upon your credit score, salary, and other variables. Depending upon your situation and credit score, you might be pre-approved for a particular Toyota Rav4 refinance amount which can help you budget in advance. You can use our auto refinance calculator to compare loan rates and estimate your savings.

With Caribou, you could start saving today!

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Contact Details

Caribou Financial, Inc.

NMLS #1746612

1-877-445-0070

Mon - Fri: 9am - 8pm EST
Sat - Sun: 9am - 4pm EST

contact@gocaribou.com

Caribou Insurance Services, LLC.

1-877-255-2660

Mon - Fri: 9am - 8pm EST

insurance@gocaribou.com


1717 Rhode Island Avenue NW,
Floor 5
Washington, DC 20036


* This information is estimated based on consumers who were approved for an auto refinance loan through Caribou on or after 1/1/2022, had an existing auto loan on their credit report, and accepted their final terms. As of 4/30/2022, borrowers who refinance save an average of $101.54 per month. Refinance savings may result from a lower interest rate, longer term, or both. There is no guarantee of savings. Your actual savings, if any, may vary based on interest rates, the repayment term, the amount financed, and other factors. Auto loans underwritten by participating lenders through Caribou Financial, LLC. Available in all states except MD, MS, NE, NV, WI, WV.

+ To check the rates and terms you qualify for, we conduct a soft credit pull that will not affect your credit score. However, if you choose a loan product and continue your application, we or one of our lending partners will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit score.

++ Social security number is required should you choose to move forward in the loan application process.

** APR is the Annual Percentage Rate. Your actual APR may be different. Your APR is based on multiple factors including your credit profile and the loan to value of the vehicle. APR ranges from 2.32% to 36.00% and is determined at the time of application. Lowest APR is based on loan amount of $45,000 and is available to borrowers with excellent credit and only in certain states. Advertised rates and fees are valid as of 8/5/2022 and are subject to change without notice. Lowest rate of 2.32% APR only available with a 36-month repayment term. Insurance savings will not result from lower APR.

Terms and Conditions apply. Caribou reserves the right to modify or discontinue products and benefits at any time without notice. Participating lenders, rates and terms are also subject to change at any time without notice. The information you provide to us is an inquiry to determine whether our lenders can make you a loan offer. If any of our lending partners has an available loan offer for you, you will be invited to submit a loan application to the lender for its review. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers. We do not guarantee that you will receive any loan offers or that your loan application will be approved. If approved, your actual rate will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors. Offers not available in MA, MD, MS, NE, NV, WI, WV.

Insurance products offered through Bindable and Caribou Insurance Services, LLC. Caribou is working with Bindable who owns MyLifeProtected and MassDrive Insurance Group, LLC, the licensed agent for all products.


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