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rateGenius Auto Loans Review

Rating: 9.8 / 10 (Excellent)
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Founded in 1999 and headquartered in Austin, Texas, rateGenius is a nationwide online broker that specifically caters to auto loan refinancing. The web portal features a savings calculator and free quotes from over 150 loan refinancing lenders across the country. Customers of rateGenius save an average of $89 a month when they refinance their car, truck, SUV, or motorcycle.

The online process is simple. After an application that takes about 2 minutes, rateGenius usually locates a lender within 24-48 hours. With rateGenius, your current loan can be paid off within a week replacing it with another loan with better rates and lower monthly payments.

In 2008 rateGenius expanded its operation to include the rateGenius Insurance Agency. This is a similarly styled broker that offers the customer the ability to shop and compare car, home, life, RV, boat and landlord insurance policies from multiple national providers. 

Types of Loans

-Auto Loan Refinancing


-Credit unions
-Community and National Lending Institutions 

rateGenius offers auto loan refinance exclusively. Generally speaking, the company will refinance your loan for the term still remaining on your current loan, just with a better rate. So if you have 38 months remaining on your loan, rateGenius will connect you with a lender who will offer a loan term of 38 months. rateGenius also refinances:

  • RVs
  • ATVs (all-terrain vehicles like quads, three-wheelers, etc.)
  • Motorcycles
  • Commercial vehicles (with company authorization)


rateGenius offers a fast online quote process that takes just minutes. Although rateGenius itself charges no application or origination fees, there could be transaction fees from the individual lender so it is a good idea to find these out before you commit to anything. You will also have to pay a title transfer fee. rateGenius does require your social security number in order to do a hard pull on your credit.

rateGenius’ application process requires the following information:

  • Mileage
  • VIN Number
  • Vehicle Year/Make/Model/Style
  • Vehicle Accessories
  • Vehicle Color
  • Lien Holder Name
  • Current Monthly Payment Amount/Loan Term
  • Mailing address, phone number, email
  • Monthly mortgage payment or rent/time at address
  • Monthly Income/Employment Verification
  • Social Security Number
  • Date of Birth


Anyone with an existing auto loan can apply for refinancing. rateGenius works with a variety of lenders, all with their own credit requirements.


In order to qualify rateGenius customers must prove sufficient steady household income. Those who do not meet these requirements can add a co-applicant.

Credit Score

All credit types

Loan Details

Minimum loan amount


Maximum loan amount



Reduce current rate by an average of 5.15%


Usually the remaining term of your current loan

Down payment

Not stated

Car makes

All makes and models

Car Age

2002 and after

GAP Coverage


Auto Insurance


Mileage limit

No mileage restrictions

Additional Fees

Although rateGenius itself does not charge and origination or processing fees, the lender rateGenius connects you with will have it’s own fees. These can usually be bundled into the loan so you don’t have to pay out of pocket. There is also a title transfer fee that will have to be paid to the state. 

rateGenius – Final Word

rateGenius gets good marks with us for the speed of their online application process and ease of use. The company’s long list of partnering credit unions and other financial institutions gives you a pretty good chance of finding a better rate than your current auto loan. rateGenius is also a good choice if you have less than perfect credit as well. The added ability to compare various insurance products (besides auto) and informational online resources are icing on the cake.

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