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Cruise into lower payments with a credit union auto refinance! Get a better deal on your existing loan to save on interest or take advantage of our flexible terms to get payments you can afford.
There are no closing fees or prepayment penalties, which means more of your hard-earned money stays where it belongs - in your pocket. Apply for a low-interest auto loan refinance in Ohio today to supercharge your savings!
Refinancing your auto loan has never been easier! At OUCU Financial, we want to make vehicle ownership simpler and more affordable for all of our valued members, and we’ll work hard to get a better deal for you. Conveniently submit our hassle-free application online, by phone, or in-person at a branch and receive a fast loan decision. Apply for an auto refinance in Ohio today to downshift your payments.
Competitive Rates
Take advantage of our low rates to save on interest.
Flexible Terms
Go with a longer or shorter loan term to get payments that work for your budget.
No Closing Fees
No loan closing fees means you can keep more of your hard-earned money.
No Prepayment Penalties
Make extra payments or pay off your loan early without a penalty.
Low-Interest Auto Refinance in Ohio
Are your auto payments currently too high? With an auto loan refinance, we can help you save by getting you a better rate or term. Depending on the loan balance and the number of payments remaining, the savings could be substantial.
Applying for an auto loan refinance in Ohio is a breeze, and it just takes a few minutes to fill out our short application. We'll give you a fast loan decision so you can start saving right away. Apply for an OUCU Financial auto loan refinance today to drive down your costs
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%
*APR = Annual Percentage Rate **New vehicle rate is for the current model year or prior model year with fewer than 15,000 miles. Term of loan will depend on the age of the vehicle and the amount financed. For all vehicle rate tiers there is a .25% increase for loan amounts exceeding book value book value from 110% to 119% and a .50% increase for loan amounts exceeding book value above 120%. Subject to credit approval. All annual percentage rates and annual percentage yields subject to periodic change. Call us for further information on applicable fees and terms. Rates apply to new loans only. Rates are quoted as low as. Your actual rates and repayment terms will be based on your credit history. The minimum loan amount on an auto loan for 72 months is $20,000 and for 84 months $30,000.
Additional Features of Our Credit Union Auto Refinance Loans
Skip A Pay Option
Need a little breathing room? Skip up to two payments per year and a total of five throughout your loan with our Skip-a-Pay Service.
Hassle-Free Application
It just takes a few minutes to fill out our simple and short application. Conveniently apply online, by phone, or in person at a branch.
Fast Loan Decisions
Get the financing you need without the wait so you can start saving on your auto loan sooner.
Cost-Effective GAP Coverage
In the event of a total loss, GAP coverage covers the difference between your car's actual cash value and your remaining loan balance.
Refinance Loans from Other Lenders
It doesn’t matter who your existing auto loan is with. We’ll pay off your old loan when you get a new loan with us.
Personalized Service
Our dedicated team will support you every step of the loan process and beyond.
Applying for an Auto Refinance Loan Is as Easy as 1-2-3!
Step
1
Apply for a Loan
Conveniently apply online by clicking the button below, by phone, or in person at a branch.
Step
2
Application Review
We’ll review your application, crunch the numbers, and give you a fast loan decision.
Step
3
Finalize the Loan
Have the dealer send us a purchase agreement and we'll help you with the closing. Sign loan documents on the go from anywhere or in the branch!
An auto loan refinance replaces your existing car loan with a new loan, which will have a lower interest rate or a better term. A credit union auto loan refinance can either help you save money on interest or lower your monthly loan payments — or both.
Can I refinance if my auto loan is with a different lender?
Yes, it doesn’t matter which lender your existing loan is with. When you refinance, we will pay off your existing loan and you will make payments on your new loan.
What credit score is needed for auto refinancing?
A credit score of 650 is preferred for auto loan refinancing. If you have a credit score below 650, refinancing can still be an option depending on your income, employment, and current debt level.
Will a credit check be done when I refinance my vehicle?
Yes, we will do a hard credit check when you apply to refinance your car. This may temporarily lower your credit score by a few points, and it may stay on your credit report for up to two years.
Do auto loans have fixed or variable interest rates?
Auto loans typically have fixed interest rates. When you refinance your vehicle, the rate on your new loan will be locked in when the loan is created and won't change. Your monthly payments stay the same with a fixed rate, which simplifies budgeting.
What should I consider when choosing a lender for auto refinancing?
Credit unions, like OUCU Financial, typically offer lower rates and fees compared to other lenders, which can result in significant savings over the life of the loan. OUCU Financial also offers flexible loan terms, no closing costs, and no loan prepayment penalties, which are additional ways you can save.
Can I refinance an auto loan if I’m self-employed?
Yes, you can refinance an auto loan if you're self-employed, but you may need to provide additional documentation to verify your income. You may be asked to provide recent tax returns, profit and loss statements, bank statements, or other documentation.
Do I qualify to be an OUCU Financial member?
Membership is open to anyone who lives, works, worships, or goes to school in the following counties: Athens, Hocking, Fairfield, Perry, Morgan, Washington, Vinton, and Meigs. You also qualify for membership if you are an Ohio University or Hocking College active or retired employee, student, or graduate, or if you have a family member who is eligible for membership.
Auto Loan Resources
Not sure what terms you’re looking for when qualifying for an auto loan? The following resources may help you figure out what’s best for you.
