Caribou review

Caribou is a refinance marketplace based in Denver that works with local and community lenders. You check rates with a soft credit pull, see offers in minutes and finish the process online, with co-borrowers allowed to improve the offers. Caribou lists APRs from 4.18% to 28.55%, with the lowest rate available on 36-month terms for borrowers with excellent credit; those rates were dated 8/13/26. Its own figures say borrowers whose refinance funded between January and June 2026 and who chose a lower payment saved an average of $162 a month and cut their APR by an average of 3.94 points, though savings can come from a longer term as well as a lower rate. Subject to lender approval, you can pick a first payment date 45 to 90 days after closing, while interest accrues from closing. Caribou also sells optional vehicle service contracts, which it says are not required to refinance. Phone support runs six days a week.

Who it is for

drivers refinancing a high-rate car loan

Price

Free to check rates; APR ranges from 4.18% to 28.55% as of 8/13/26.

APR ranges from 4.18% to 28.55% and is determined at the time of application.
Quoted from the vendor pricing page on November 13, 2026.

Key features

• Refinance APRs from 4.18% to 28.55%, lowest on 36-month terms
• Soft credit pull to check rates with no score impact
• Co-borrowers supported to widen refinance offers
• First payment date from 45 to 90 days after closing, subject to lender approval
• Fully online process with phone support Monday to Saturday

Strengths and weaknesses

• Strength: Funded borrowers in early 2026 saved an average of $162 a month, per Caribou
• Strength: Those borrowers cut their APR by an average of 3.94 points
• Strength: Optional delayed first payment of up to 90 days
• Weakness: Refinance only, not for buying a car
• Weakness: Top of the APR range reaches 28.55%
• Weakness: Posted rates were dated 8/13/26, older than most rivals

Key facts

• APR range: 4.18% to 28.55%
• Average savings: $162 per month (funded Jan to Jun 2026)
• Loan types: Auto refinance
• Support hours: Mon to Fri 8am to 9pm ET, Sat 9am to 7pm ET

Where it ranks

Caribou is No. 7 in our Best Auto Loan Lenders verdict.