Refinancing your auto loan could help you save money or pay off your loan sooner, with rates starting at 5.20% APR.¹ Plus, for a limited time, earn up to $150² when you refinance an eligible auto loan.
Apply onlineA Better Auto Loan Could Mean More Money in Your Budget
Refinancing with Affinity could help you lower your rate, reduce your monthly payment or pay off your loan sooner. Members who recently checked their rate with Affinity saw potential savings averaging $200 per month or $4,800 in interest over the life of the loan.³ Plus, there are no application fees or prepayment penalties, and you can receive a 0.25% APR rate discount¹ with automatic payments from an eligible Affinity account.
Earn Up to $150²
For a limited time, refinance an eligible auto loan from another financial institution with Affinity and earn:
$50
for loan amounts between $15,000 and $24,999.99
$75
for loan amounts between $25,000 and $29,999.99
$100
for loan amounts between $30,000 and $34,999.99
$125
for loan amounts between $35,000 and $39,999.99
$150
for loan amounts of $40,000 or more
THREE REASONS TO CHOOSE AFFINITY FOR YOUR AUTO REFINANCE
Lower your Rate
The rate you received when you bought your vehicle may not be the best rate available to you today. Refinancing could help lower your APR and reduce the amount of interest you pay.
Save money every month
A lower rate or different loan term could help reduce your monthly payment and give you more room in your budget.
Choose a term that works for you
With terms up to 84 months, you can choose the repayment option that fits your goals—whether that means a lower monthly payment or paying off your vehicle sooner.
REFINANCING WITH AFFINITY IS AS EASY AS 1-2-3
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Frequently asked questions about auto loans
Who can apply for auto refinance loans?
You must be an Affinity Federal Credit Union member and be 18 years of age or older.
Why should I consider a refinance loan?
There are generally two reasons to refinance an auto loan:
- It can reduce your monthly loan payment, compared to the original auto loan, by lowering your interest rate and/or extending the loan term.
- It may help you lower the total amount of interest you pay over the life of the loan.
Is there a prepayment penalty if I pay my loan off early?
No. Affinity does not charge prepayment penalties on auto loans.
When is the best time to refinance a car loan?
Generally speaking, the sooner you refinance at a lower interest rate, the more you'll save. When interest rates drop or your credit score increases, it's a good time to look into refinancing your vehicle
Can you refinance with bad credit?
It depends on your individual situation. If you want to refinance but are concerned about your credit scores and qualifying for a loan, call us at 800-325-0808.