Auto Loan Refinance Calculator

Communication Federal Credit Union Logo
Communication Federal Credit Union Logo

AUTO REFINANCE RATES & OFFERS

LOAN TERM RATES AS LOW AS
48 Months 4.49% APR*
60 Months 4.49% APR*
78 Months 4.49% APR*
84 Months 4.74% APR*

LIMITED-TIME $100 REFINANCE BONUS1

Enjoy a $100 bonus when you refinance

a loan with a balance of $10,000 or more from another financial institution to Communication Federal Credit Union.1

AUTO REFINANCE RATES & OFFERS

LOAN TERM RATES AS LOW AS
48 Months 4.49% APR*
60 Months 4.49% APR*
78 Months 4.49% APR*
84 Months 4.74% APR*

LIMITED-TIME $100 REFINANCE BONUS1

Enjoy a $100 bonus when you refinance

a loan with a balance of $10,000 or more from another financial institution to Communication Federal Credit Union.1

HOW MUCH CAN YOU SAVE?

  CURRENT LOAN NEW CFCU LOAN CHANGE
Loan Amount $25,000 $25,000 $0
Interest Rate 8.95% 4.49% $4.46%
Monthly Payment $518.35 $465.96 $52.39
Remaining Payments 60 60 0
Interest Due $6,106.65 $2,957.71 $3,148.94

Assumptions for Rates/Payments Shown:

  • Loan-to-Value of 100% or Less
  • Model Year 2016 or Newer Vehicle
  • FICO© Credit Score of 730 or Above
  • Loan Amount of $25,000

Estimated Loan Payment Amounts:

  • 48 Months at 4.49% APR – $23/Month per $1,000 Borrowed
  • 60 Months at 4.49% APR – $19/Month per $1,000 Borrowed
  • 72 Months at 4.49% APR – $16/Month per $1,000 Borrowed
  • 84 Months at 4.74% APR – $15/Month per $1,000 Borrowed

Please Note: We provide rates and payment/refinancing examples as a resource to evaluate if refinancing may be right for you. These estimates are meant for informational purposes and Communication Federal Credit Union does not guarantee these results or your eligibility to receive these rates or terms.

WHY REFINANCE?

Lower Your Interest Rate
Lower Interest Rates

If you didn’t receive a great rate when you first financed, your credit score has gone up, or interest rates have dropped, refinancing may lower your interest rate.

$100 Bonus
Exclusive $100 Bonus1

Enjoy a $100 bonus when you refinance an existing auto loan from another financial institution with Communication Federal Credit Union.1

Lower Monthly Payments
Lower Monthly Payments

You may be able to reduce your monthly auto loan payment by refinancing at a lower interest rate or by extending the terms of your auto loan.3

LEARN MORE ABOUT REFINANCING WITH CFCU

Auto Loan Help
What is Refinancing?

Learn more about what refinancing means, and why it might be right for you.

Loan Checklist
Refinancing Checklist

View a list of what you’ll need in order to refinance your current loan.

General FAQs
Refinancing FAQs

Find answers to the most commonly asked questions about auto loan 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.

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

Your New Loan’s Details

  • Refinance Amount
  • Term (Length of Loan)

What information do I need to have in order to refinance?

Please refer to our Refinancing Checklist for a complete list of documents and information.

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.

Mobile Deposit at Communication Federal Credit Union

ACCESS YOUR LOAN ON THE GO

View Your Account

Keep an eye on your loan and see your current balance, payment amount, and payment due date.

 

Make Payments

Schedule payments from your Communication Federal Credit Union account, or from linked accounts at other financial institutions.

Mobile Deposit at Communication Federal Credit Union

A FINANCIAL PARTNER YOU CAN TRUST

Serving Members Since 1939

At Communication Federal Credit Union, we are committed to providing our members the best overall value of financial products and services available.

Awesome Perks + Excellent Service
Great Rates  
Flexible Terms  
Free Online Banking  
Free Mobile Deposits  

Disclosures

* APR = Annual Percentage Rate. Accurate as of 4/23/2019. Rates will be determined at the time of your application based on your information. All offers subject to credit approval. Additional terms and restrictions apply, including vehicle age and mileage. View our list of rates here

¹ $100 bonus is available for auto loans over $10,000 which are refinanced to Communication Federal Credit Union from another financial institution. Not available for new purchases or for vehicles with are already financed with Communication Federal Credit Union. Cannot be combined with other offers. The $100 bonus will be deposited to your Share savings account upon loan funding. Offer expires 7/31/2019.

² Interest begins accruing when funds are disbursed.