Auto Loan Refinancing
Refinance with Freedom Credit Union for lower rates, fewer payments, and more money in your pocket.
What do lower monthly payments mean? More freedom to live the life you want.
✓ Low, fixed rates
✓ Easy to switch to Freedom auto loans
✓ Autodraft loans are available
Freedom Credit Union Auto Loan Rates
Auto refinancing rates at Freedom Credit Union start at as low as 4.74%* APR, allowing you to lower your monthly payments and save on interest. With a quick and easy application process, you can refinance your current loan and drive off with more cash in your pocket.
| Type | Term | APR | Minimum | Maximum |
|---|---|---|---|---|
| New and Used | 1 - 66 mos. | as low as 4.74%* | $3,000 | $75,000 |
| New and Used | 67 - 75 mos. | as low as 5.24%* | $15,000 | $75,000 |
| New and Used | 76 - 84 mos. | as low as 5.99%* | $20,000 | $75,000 |
| Disclosure |
Auto Loan Refinancing Benefits
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Rates start as low as 4.74%
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No loan repayment penalties
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Same low rate for new or used vehicles
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Optional loan payment protection is available
*APR = Annual Percentage Rate for terms up to 84 months. Loan amount must be $5,000 or greater. You must meet employment and/or income requirements to qualify for a loan. The interest rate you receive will be based on your credit history, loan term, and age of the vehicle. APR will not be less than 4.74% or greater than 18%. For example, a loan amount of $20,000 at 4.74% APR for 60 months would be a monthly payment of $375.75. Satisfactory vehicle insurance required. Your actual loan amount will be limited based on the value of the specific vehicle that you are financing. Only passenger vehicles are eligible, no recreational vehicles. Existing Freedom Loans are not eligible for refinancing. Credit Union membership eligibility requirements apply. Loan term cannot be less than 6 months or greater than 84 months. Rates are subject to change without notice.
How to Refinance Your Auto Loan
See How Much We Can Save You and Apply Now!
If you are an existing member, log in to Online or Mobile Banking and click “Get or Refinance a Loan. Not an existing member? Click “Get Started” below and see how we can save you money on your refinanced auto!
Sign Your Loan
Agree to the loan amount, rates, and terms.
Enjoy Lower Payments
A better rate means better, lower payments, saving you big money over the years!
Auto Refinancing FAQ
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Refinancing your auto loan means replacing your existing loan with a new one, typically at a lower interest rate or with better terms. This can reduce your monthly payments or help you save on total interest over the life of the loan.
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Refinancing is ideal if interest rates have dropped since you got your original loan, your credit score has improved, or you want to lower your monthly payments. It’s also an excellent option to adjust your loan term to fit your budget better.
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According to the credit reporting agency Experian, that dip in your credit score is called a hard inquiry. Each hard inquiry causes a slight dip in your credit rating. That request to check your credit is only listed on your credit report for a year before it disappears.
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We offer flexible auto loan terms ranging from 1 to 84 months, so you can easily find the perfect option to suit your needs.
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Do’s And Don’ts Of Refinancing A Car Loan
Refinancing your car loan can be a smart way to boost your finances. Here are the top three do’s and don’ts to help you get started on the right track before you commit.
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When Should You Refinance Your Car Loan?
As financial situations and market conditions shift, new opportunities can arise for your car loan. If you've been paying on your loan for a while, refinancing could be beneficial—provided you time it right.
