Used Auto Refinance Rates in February 2026
Used auto refinance APRs for a 2024 Honda Pilot start at 4.7% in February 2026 for strong credit on 12- to 36-month terms. Most borrowers land between 5.0% and 11.9%. Your exact rate depends on credit score, loan term, loan-to-value ratio, and lender choice. Shorter terms and top credit scores pull the lowest rates.
Lenders set rates based on your credit tier, loan length, and vehicle details. A 2024 Honda Pilot scores well because it holds value and often shows low mileage. You get better offers with loan-to-value at or below 100% and strong debt-to-income ratio.
Typical Starting APRs by Term
| Term Length | Strong Credit Starting APR | Common Range for Many Borrowers |
|---|---|---|
| 12 to 36 months | 4.7% to 5.3% | 5.0% to 8.5% |
| 37 to 60 months | 5.1% to 6.2% | 5.5% to 9.9% |
| 61 to 72 months | 5.3% to 7.0% | 6.2% to 11.9% |
Rates by Credit Tier
| Credit Tier | Typical Used Refi APR Range |
|---|---|
| Excellent (780 to 850) | 4.7% to 6.0% |
| Good (700 to 779) | 5.5% to 8.5% |
| Fair (640 to 699) | 7.9% to 12.5% |
| Poor (below 640) | 12% or higher, if approved |
Credit unions often offer the best prices. They advertise under 5% for short terms with top credit. Banks and online lenders compete well on 48- to 60-month loans.
Example Savings
You owe $28,000 with 60 months left at 8.5% APR. Your payment hits about $575. Refinance to 5.0% drops it to $528. You save $47 monthly and about $2,800 in interest over the term.
Steps to Get the Best Rate
- Check your credit score and fix errors before you apply.
- Get your exact payoff amount and current rate from your lender.
- Estimate your vehicle's value and equity. Target loan-to-value at or below 100%.
- Prequalify with 3 to 5 lenders in a 14-day window to limit credit hits.
- Compare APR, fees, and terms. Pick shorter terms to save money over time.
- Skip term extensions unless you need lower payments.
- Ask for autopay discounts or member rates.
- Close fast. Rates change often, and approvals expire.
Refinance pays off if you cut your APR by 1% or more, drop a co-borrower, or shorten the term without raising payments. Skip it if your current rate sits near these lows. Focus on shorter terms instead.
Sidekick tracks your ownership costs and spots refinance deals that cut payments and total interest.