AUSTIN, Texas -

As consumers repair their credit profiles, many individuals are looking to improve the terms of their retail installment contract for their vehicle.

RateGenius is looking to help those particular people and other contract holders looking to see if they can make adjustments via a new tool launched this week.

This week, the company announced a new feature that can enable vehicle owners to view pre-qualified refinance offers without providing personal information as they search on RateGenius for a better auto financing.

The service is the latest in RateGenius’ growing suite of digital finance products engineered to help consumers and finance companies by bringing ease and transparency to the vehicle refinancing process.

“One of the things that makes RateGenius stand out against our competitors is our commitment to being transparent with our customers,” chief product officer Christian Lavender said in a news release.

“With Loan Finder, this pre-qualification tool can get consumers a quick estimate of their potential savings without any personal information or a hard credit inquiry,” Lavender continued.

RateGenius explained that Loan Finder works by walking the consumer through five simple, anonymized questions — credit tier, ZIP code, monthly payment, outstanding balance and remaining term — to match them with real auto refinance offers, broken down by best rates and monthly payments.

The pre-qualification offers are provided through a network of more than 150 finance comapnies that work with RateGenius, allowing consumers to preview estimated rates before applying to refinance.

“Customers are savvy and want to take the auto refinance shopping experience into their own hands,” Lavender said. “Shoppers who are hesitant to provide personal information or get a hard inquiry on their credit report may be missing out on opportunities to save hundreds or thousands of dollars on their auto loans.

“With Loan Finder, they answer questions to view auto refinance offers available in their area before committing to start the application process,” Lavender went on to say about the tool that can be found at rategenius.com/loan-finder.