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Auto Loan Refinance
Are you looking for a way to lower your payment on your current auto loan? You may qualify for an auto loan refinance if the model year of your car is ten years old or newer, it has less than 100,000 miles, and you owe more than $7,500 on your current auto loan.
Auto loan refinancing replaces your current vehicle loan with a new loan that may offer a lower interest rate, lower monthly payment, or different repayment term.
Borrowers often refinance when their credit has improved, interest rates have changed, or they want to reduce their monthly vehicle expenses.
Is refinancing right for me?
Refinancing isn't right for everyone, but it can help qualified borrowers save money or improve cash flow.
Benefits of UCU auto loan refinancing.
Refinancing could be the answer if your current auto loan is putting a strain on your finances. Apply online now to see how UCU could help you start saving money.
Situation
Refinance Current Loan
Keep Existing Loan
Purchase Different Vehicle
Looking for a lower monthly payment
Recommended
Not Typically Beneficial
Depends on Vehicle and Financing Terms
Credit score has improved since loan origination
Recommended
May Miss Potential Savings
Not Necessary
Satisfied with current vehicle
Recommended
Recommended
Not Necessary
Need a different vehicle
Not Applicable
Not Applicable
Recommended
Looking for interest savings over remaining loan term
Recommended
May Miss Potential Savings
Depends on Financing Offer
Refinance and save.
Refinancing an auto loan could lower your interest rate and monthly payment.
You don’t have to have your current auto loan with UCU to refinance it but you must be a member-owner. Then, you can easily apply for refinancing using our streamlined online application system. Learn more
At University Credit Union, we’re with you all the way, whether you’re refinancing or in the market for a brand-new vehicle. Explore our helpful auto-buying services to help you find and purchase your new ride. Learn more
When you refinance your car loan with UCU, you can access great rate discounts, a potentially lower monthly payment, and supplemental insurance programs that protect your vehicle and your financial future. Browse our insurance options today. Learn more
In many cases, refinancing may reduce monthly payments by lowering the interest rate, extending the loan term, or both. Have questions on refinancing? Book a 1-on-1 appointment with our certified team of experts for a personalized walkthrough of your refinancing plan.
Check your loan application status.
Already applied for a loan with UCU? Log into our application portal to check your loan application status and upload any supporting documents.
Check your loan application status.
Make loan payments your way.
Whether you want to set up automatic payments, make a quick transfer, or submit a one-time payment, we have options designed to fit your schedule.
Make loan payments your way.
Check your balance, pay bills, transfer funds, and deposit checks on our digital banking platform.
UCU rewards our University Checking Account member-owners with monthly dividends.
Fire away! Our virtual assistant is here to answer any of your questions.
*APR = Annual Percentage Rate. Rate with Automatic Payment from a University Checking Account may be discounted by 0.25% APR as long as the rate does not fall below 4.74%. Credit Cards, HELOCs, and mortgages are excluded.
1Repeat Borrower discount of 0.25% based on minimum 6 months of positive UCU loan repayment history.
2Payment can be deferred for 90 days, however, interest will accrue from the date of the contract. Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term, loan amount, loan-to-value, age of collateral, as applicable) and may be higher than the lowest rates advertised. Rates are subject to change at any time.
