Rate Ranges by Credit Score
You need a 640 or higher credit score to qualify for competitive auto refinance rates on your 2024 Honda Pilot. Borrowers with 750 or higher scores get the best APRs.
Rates depend on the lender, market conditions, and loan term. Here are typical APR ranges many borrowers see:
| Credit Score Range | Typical APR if Approved |
|---|---|
| Excellent: 750+ | 4% to 6% |
| Good: 700 to 749 | 5% to 8% |
| Fair: 640 to 699 | 7% to 12% |
| Poor: 580 to 639 | 12% to 20%+ |
Your 2024 Honda Pilot fits most lender rules on age and mileage. Lenders like cars under 10 years old with under 120,000 miles. Your Pilot clears that easily.
Other Common Requirements
Lenders check more than your credit score. You must show:
- Valid ID, proof of insurance, and income documents
- Loan balance between $7,500 and $55,000
- At least 12 to 24 months left on your current loan
- Clean title with no salvage or branded marks
- Debt-to-income ratio that lenders accept
Steps to Boost Your Odds and Lower Rates
Take these actions to improve your score and get better offers:
- Pull your free credit report. Fix errors to raise your score fast.
- Pay credit cards down to under 30% use. Aim for 10% or less.
- Pay all bills on time for 60 to 90 days. Lenders value recent history.
- Add a co-borrower with strong credit if yours sits below 700.
- Prequalify with several lenders using soft credit pulls. Shop rates in a 14- to 45-day window to limit score hits.
- Pick the same or shorter loan term. Longer terms cut payments but add interest.
Savings Example
You owe $20,000 at 11% APR with 60 months left. Your monthly payment runs about $435. Total interest hits $6,100.
Refinance to 6% APR over 60 months. Your payment drops to $386. You save $49 each month and $2,940 total in interest.
Next Steps
- Check your credit score and current payment now.
- Prequalify with lenders for real rates using soft checks.
- Compare APR, total interest, and fees to spot true savings.
Sidekick tracks your loan, estimates savings for your 2024 Honda Pilot, and sends alerts when rates improve.