Caribou Auto Loans offer competitive rates for refinancing. The platform connects you with various lenders, mostly credit unions. However, be cautious of high processing fees, which might get passed on to you. The service is not available in five states, and specific eligibility requirements are not disclosed. Despite these limitations, Caribou can save you an average of $115 a month, according to the company. It’s ideal for those looking to refinance their car loans and compare multiple offers. Just make sure to read the fine print carefully.
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