Refinance Your Auto Loan & Save

Rates as low as 4.74% APR*!

Take advantage of our auto loan refinance special! Enjoy our hassle-free loan application process and get up to 3 months with no payments†.

Auto Loan Refinance
Apply Online
Calculate Your Savings
Auto Loan Refinance

Auto Loan Refinance Calculator

Whether you want to lower your monthly car loan payment, save on interest, or both, this calculator can help compare the loan you have now with the refinance options available from CFCU.

Current Loan
Current Balance ($):

Monthly Payment

Interest Rate (%)
Refinance Details
Loan Amount ($):

Loan Term (Months)

Estimated Credit Score

Learn More About Refinancing

What is Refinancing?

When you refinance a loan, you are replacing a loan you already have with a new loan that pays off the debt of the old loan.

Typically, this is done to lower the interest rate of the loan and/or change the term to lower your monthly payment amount. Sometimes people refinance to switch to a new lender or to access equity in their vehicle - known as a cash-out refinance.

When refinancing from one financial institution to another, the lender you are refinancing to will pay off your loan directly through the previous lender, and your vehicle will be (re)financed with a new loan at the rate and term you agreed to.

Refinance Checklist

Here's a list of what you'll need to refinance your existing auto loan to Communication Federal Credit Union.


Your Personal Details

  • Personal Information
  • Contact Information
  • Employment & Income Information
  • Driver's License
  • Co-Signer Information (Optional)

Your Current Loan's Details

  • Name of Financial Institution
  • 10-Day Payoff Balance

Your Vehicle Details

  • Year, Make, Model
  • VIN Number
  • Current Odometer Reading (Mileage)
  • Proof of Insurance
  • Proof of Registration

Refinance FAQs

How can I apply for a refinance loan?

You can apply online or visit a local branch.


How long will it take for my application to be processed?

You should hear from us within 2 business days of applying online.


How long is a refinance loan approval valid for?

Approvals are valid for 30 days from the date they are approved.


How will my previous auto loan be paid off?

If your refinance loan is approved and completed, we will mail the payoff check directly to your financial institution.

Refinance your auto loan today and experience the credit union difference.

Apply Online
Visit a Branch

*APR = Annual Percentage Rate. Rates subject to change without notice. Rates will be determined at the time of your application based on your information and credit history. All offers subject to credit approval. Additional terms and restrictions apply, including vehicle age. Auto loan must be refinanced to Communication Federal Credit Union from another financial institution and must be for a model year 2018 or newer vehicle to qualify for the promotional rate.

†Interest begins accruing when funds are disbursed.