Special Offer: Now until May 14th, 2021, TFCU is offering up to $150 cash back for those that refinance an auto loan (offer not included for current TFCU auto loans). For more information, click here.
Special Offer: Now until May 14th, 2021, TFCU is offering up to $150 cash back for those that refinance an auto loan (offer not included for current TFCU auto loans). For more information, click here.
Your monthly car payment might be costing you if you got your current auto loan at a car dealership or another financial institution.
Stop losing money.
See how much money we might be able to help you save by lowering your monthly car payment in less than 60 seconds. Fill out the rate calculator to the right for your fast estimate!
Refinancing your auto loan can have many benefits, here are some of the top reasons many look to refinance an auto loan with a credit union (varies by credit union):
Getting pre-approved for a credit union auto loan refinancing puts you in the driver’s seat.
Need A Checklist to Get You Started?
Download the TFCU Auto Refi Checklist Below
It’s important to know when to refinance an auto loan with a credit union. Check up on your credit score and current auto loan to make sure everything is healthy and up to date.
Be sure to have the following items to make the application process as easy as possible.
You can also stop in any of our branches or call us at (888) 261-8328.
Once you’ve finalized your
“My first experience was getting a car refinanced. I had a few problems that they helped me a whole lot with. The staff here are wonderful.”
“In less than 30 minutes I was able to obtain a refinanced auto loan with a $200 bonus deposited into my account at Tropical Financial. It was seamless, it was easy, the people are friendly and I highly recommend Tropical Financial to everyone.”
In most cases you will receive an answer within 24 hours. It may take longer depending on your credit profile.
No, an appraisal will not be required. TFCU will use the NADA Blue Book Value.
To apply for an Auto loan, we will need your personal information; including name, address, social security number and employment information.
If you already own the car you want to finance, we will need the specifics:
Make, model and year of vehicle
Name of lender
Current loan rate and balance
Current monthly payment and account number
Mileage
VIN number
Disclosures
*APR= Annual Percentage Rate. Auto refinance does not apply to car loans financed at TFCU or through SFAC. TFCU membership required with $5.00 minimum in savings. Other restrictions may apply. Your rate may differ and is based on creditworthiness, year of
We all strive for that $200 car payment and while some of us have managed to get one, others are finding a way. You’ve heard the term refinancing and know some friends who have done it, but
While researching refinancing an auto loan, you may find yourself asking many questions, which okay. Refinancing of loans isn’t something that is taught in an educational setting and is learned more through doing. We’ve compiled a list of the top three questions we’ve been asked before members have refinanced.
Of course. Not only can you refinance a car
It’s best to refinance an auto loan when you’ve made several consecutive on-time payments and have a better credit score than when you purchased the car. If you have made on-time payments, but have a lower score than when you purchased it’s recommended to wait until the score goes up and vice versa.
This is one of the biggest reasons people choose to refinance their car. There are many more benefits to refinancing an auto loan such as receiving a lower interest rate, paying less overall and changing the duration of the loan term. You can also lower your monthly car payments by putting more money down when you refinance.
For more information and resources on auto loan refinance savings check out our blog, website
For more tips and tricks be sure to check out our auto blog here.
This credit union is federally-insured by the National Credit Union Administration. NMLS ID 407683.
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