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Auto Loan Refinance
Made Simple
Rates as low as
4.75
% APR*
Refinance your auto loan with us
Refinance your loan from another bank, credit union, or dealer finaning
Get up to cash $2501 cash back
Cash back is calculated based on the total loan amount
Quick and easy application process
Refinance your auto loan with confidence
Auto loan refinancing allows you to replace your current vehicle loan with a new auto loan that may better fit your financial goals. If your financial situation has changed or you currently have a high interest auto loan, refinancing may be a practical way to improve your auto financing.
Why refinance your auto loan?
Refinancing your existing auto loan may help you:- Lower your monthly auto loan payment
- Secure a more competitive car loan interest rate
- Adjust your auto loan term to better match your budget
- Simplify your finances with a single vehicle loan payment
- Pay off your car loan sooner or improve monthly cash flow
What types of auto loans can be refinanced?
Auto loan refinancing options may be available for a variety of vehicles including:- New and used cars
- Trucks and SUVs
- Motorcycles
- RVs and travel trailers
- Boats and other recreational vehicles
How auto loan refinancing works
Refinancing an auto loan is a straightforward process.1. Apply for auto loan refinance
Submit an application with your vehicle information and current loan details.
2. Compare auto refinance rates and terms
Review available auto loan rates, loan terms, and estimated monthly payments.
3. Finalize your refinanced auto loan
Choose the loan option that best fits your financial needs and budget.
Once approved, your new auto loan replaces your existing loan, and you continue making payments under the updated refinance terms.
Flexible auto loan refinance terms
Auto loan refinance programs typically offer:- Competitive auto refinance rates
- Multiple loan term options
- Predictable monthly payments
- No prepayment penalties on most car loans
Auto loan refinance calculators and tools
Before refinancing your auto loan, you can explore your options using online tools such as:- Auto loan payment calculator
- Car loan refinance comparison tools
- Loan payoff and amortization schedules
Is auto loan refinancing right for you?
Refinancing a car loan may be a good option if:- Your credit score has improved since you financed your vehicle
- Auto loan interest rates have decreased
- You want a lower monthly car payment
- You want to change your auto loan term
- You are looking for a different lender experience
Get started with auto loan refinancing
Auto loan refinancing can be a smart way to lower your car payment or improve your loan terms. Review your auto refinance options, compare rates, and see how refinancing your vehicle loan could work for you.1. Offer valid through 9/30/2026. Offer applies to the refinance of an auto loan from another financial institution or lender. Refinancing an existing Monterra CU auto loan is not eligible, nor is the refinance of an auto loan previously held by Monterra CU within 60 days prior to an application. Cash back is calculated as 1% of the final total loan amount, including any ancillary products, with a maximum payout of $250. Recipients are responsible for any applicable taxes related to the cash back payment. The bonus is classified as interest paid to the membership Regular (Share) Savings. Any applicable taxes associated with the bonus are the responsibility of the account holder. To the extent required by law, the Monterra CU will report the total value of this bonus to the IRS on Form 1099-INT for the tax year in which the bonus was paid. Rates, terms, and special offer subject to change. Conditions and restrictions apply.