Auto Loan Refinance

The loan you have isn't the one you have to keep.

A better rate. A more comfortable payment. Maybe both. Refinancing with LMCU may get you there.

A young woman wearing glasses and brightly colored clothing is in the driver’s seat, driving a dark interior colored vehicle.

Your loan should fit your life.

The loan that made sense when you bought your vehicle may not be the best fit today. Refinancing with LMCU could help you secure a lower rate, reduce your monthly payment, or choose a term that better matches your goals.

Three playful kids seat belted in the back seat of a vehicle, on a road trip.

Lower your payment

A better rate may mean a lower payment. That’s money back in your pocket every single month.

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Flexible terms

Pick a repayment timeline that fits your budget today and your goals down the road.

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Refinance any lender

Already financed somewhere else? We can work with that. Trade in your current loan for a better one.

Should I refinance my car?

Your current loan has a rate. That rate was set on a specific day, for specific reasons: Your credit score, the market, your budget, etc. It's worth finding out if today's reasons look different.

Refinancing replaces your current auto loan with a new loan that may offer a different rate, payment, or term. Your new loan pays off the existing loan, and you begin making payments to the new lender.

Refinancing may be worth considering if your credit has improved, you're looking for a lower payment, or you want to adjust your loan term to better fit your goals. Qualified borrowers may be able to explore a cash-out refinance, which can provide access to your vehicle’s equity while replacing the existing loan. Subject to credit approval and lender guidelines.

A lower rate or a longer term may help bring the payment down. Just keep an eye on the full picture — a longer term may reduce what you pay each month but increase the total interest over the life of the loan.

Have your current lender, payoff balance, interest rate, and vehicle info (year, make, model, VIN) handy. That's the starting point for comparing what a refinanced auto loan could look like.

Refinancing isn’t always the right call. Near payoff? The savings window is small. If a longer term costs more overall, staying put may make more sense. We’ll help you see the full picture.