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Lower Your Monthly Car Payment

Refinance your auto loan with rates as low as 2.35 % APR*
Have a question? We'll call you.
Or you can call us at (888) 261-8328.

Reasons to Refinance an auto loan with a credit union

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! 

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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): 

  • 90 days deferment
  • Competitive rates
  • Term extension options
  • Payment frequency options (monthly, weekly, bi-weekly, semi-monthly)
  • Mobile App for easy application submission
  • Low price auxiliary products
  • Closing at your leisure in the comfort of your home. 

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

Auto Refi IMG


1. Know When it’s Time

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.

2. What You’ll Need to Apply

Be sure to have the following items to make the application process as easy as possible.

  • Driver License
  • Registration
  • Insurance Card
  • Loan Statement/Coupon

You can also stop in any of our branches or call us at (888) 261-8328.

3. Finalizing the Credit Union Auto Loan Refinancing

Once you’ve finalized your low-interest credit union refinance rate, send us the purchase agreement and close at your leisure in the comfort of your own home.


We Helped Others Like you lower their monthly car payment

  • “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.”

    Member since 2007
  • “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.”

    Member since 2014

Get answers to common auto refinancing questions

How long does it take to get an approval on a car loan application?

In most cases you will receive an answer within 24 hours.  It may take longer depending on  your credit profile. 

I want to refinance my car loan from another lender, do I need an appraisal on my car?

No, an appraisal will not be required.  TFCU will use the NADA Blue Book Value.

What is required to apply for a car loan?

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
VIN number

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*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 vehicle, ability to repay, credit score, down payment and term of loan.  This offer may be removed at any time without notice.  Auto Loan Refinance Example: $10,000 loan at 2.35% APR with 60 monthly payment of approximately $176.83.  Member must reside in a state within TFCU lending area. Rates are subject to change without notice. Current TFCU accounts must be in good-standing, not have any type of restrictions, and TFCU loans paid-to-date.

How to Refinance my Current Auto Loan

Refinancing an Auto Loan in Florida

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 still aren’t sure what it is? Refinancing an auto loan is the process where an existing loan is paid off and replaced with a new one. The new loan normally has different terms and rates that are better suited for the consumer.

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.

Can you refinance a car?

Of course. Not only can you refinance a car, you can also refinance a mortgage, motorcycle loan, RV and boat loan. However, before refinancing do your research on what the market is like, as rates can change daily. Once you see a rate you are happy with don’t wait, lock it in and begin the refinancing process. 

When should I refinance my auto loan?

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.

How do I lower my car payment?

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 and online calculators. You can also call us to speak with a representative to get refinanced in seconds!

For more tips and tricks be sure to check out our auto blog here.