refinance to cfcu and save big

auto loan rates as low as 5.99% apr*

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Limited Time Refinance Special

Enjoy rates as low as 5.99% APR* when you refinance an auto loan for a 2017 or newer vehicle from another financial institution to Communication Federal Credit Union. Plus, qualified borrowers can enjoy no payments for 3 months.1

48 Months 5.99% APR* (2017 & Newer)
60 Months 5.99% APR* (2017 & Newer)
66 Months 5.99% APR* (2017 & Newer)

Why Refinance?

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.

$100 Bonus
No Payments for 3 Months1

Enjoy three months payment free when you refinance an existing auto loan from another financial institution with Communication Federal Credit Union.1

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.

Learn More About Refinancing

Auto Loan Help
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.

Loan Checklist
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
General FAQs
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.


* APR = Annual Percentage Rate. Rates subject to change without notice. Contact us for current rates. 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 2017 or newer vehicle to qualify for the promotional rate.

¹ Interest begins accruing when funds are disbursed.