Low-Interest Auto Refinance Loan
Save on your auto loan by refinancing with rates as low as 2.74% APR.
Are you ready to take advantage of a lower interest rate on your current vehicle? By refinancing your original loan with OUCU Financial, you can open the doors to lower car payments and interest rates.
With incredible customer service and a convenient online application process, refinancing your vehicle through OUCU is simple. We'll work with you to help lower your payments and create a more affordable way to make your daily commute.
As a member, you'll enjoy:
- Loan rates as low as 2.74% APR
- A user-friendly, hassle-free loan process
- Affordable GAP insurance to cover the depreciated cost of your vehicle
- Friendly, personalized service to guide you through the process
Auto Refinance Loan Rates
With an auto refinance loan from OUCU Financial, you can lower your monthly payments and pay less for your vehicle overall. With reduced monthly payments and lower interest, you'll be able to pay your loan back more quickly.
Putting money back in your pocket every month allows you to spend—or save—your hard-earned cash elsewhere.
OUCU offers refinance rates as low as 2.74% APR. With customized loan options available, OUCU allows you to save at every turn in your journey.
|Maximum Term (Months)||24||36||48||60||72||84|
|Vehicle Loans Annual Percentage Rate (APR) as low as*|
|New vehicles 2021 and newer
(current model year or prior model year with fewer than 15,000 miles)
|Used vehicles 2020 - 2017||2.74%||2.74%||2.74%||2.99%||2.99%|
|Used vehicles 2016 - 2013||3.74%||3.74%||3.74%||3.99%||4.49%|
|Used vehicles 2012 & Older||5.99%||6.24%||6.74%|
|All tiers, all terms|
|.25% increase for loan amounts exceeding book value from 110% to 119%|
|.50% increase for loan amounts exceeding book value above 120%|
Auto Refinance Resources
If you need assistance navigating the refinance process, our friendly and knowledgeable member service representatives are here to help. You can also consider these resources from OUCU to learn about more benefits of an auto loan refinance
Auto Refinance Loan Tools
Auto Financing Information
Auto Refinance Frequently Asked Questions
When you refinance your loan through OUCU, we pay off your old loan from your original lender. The title of your vehicle will also be transferred from your old lender to OUCU.
You could be considering refinancing your auto loan for any number of reasons. One of the main reasons to refinance is to save money.
In the long-term, you can save money by lowering your interest rate. A lower interest rate means you'll reduce the overall cost of your vehicle. To save money in the short-term, you can extend the life of your loan. You'll make lower monthly payments and extend your deadline to pay back your loan.
You might be refinancing your car loan due to a change in your financial situation. You can use OUCU's Skip a Pay service when you need a little extra time to make your payment. Through the program, you can skip up to two payments per year, per loan.
Refinancing requires a hard inquiry on your credit report. These types of inquiries can temporarily lower your credit score. Those with excellent credit will hardly notice the dip. And those with poor or bad credit will see their scores bounce back after about six months.
Before applying to refinance your loan, it's always a good idea to check your credit score to know where you stand.
A car's value depreciates as soon as you drive it off the lot. GAP insurance is optional coverage that helps you pay the "gap" between what your vehicle is worth and the amount you still have left on your loan.
OUCU is proud to offer GAP insurance with auto loans and auto refinance loans to ease the burden of unexpected fees.
Lower Monthly Payments With Auto Refinance Loans
At OUCU, our goal is simple. We want our members to avoid high-interest rates and save money. We're proud to work with our members to create an auto refinance loan option that meets their needs and budget.
If you're ready for more affordable monthly payments, our low rates and extended loan terms are your keys to savings.
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