Should You Refinance your Auto Loan?
Buying a car is exciting—but the loan that comes with it might not always be the best fit. If your current loan payment is too high or you would like to reduce your rate or change your term, refinancing could be the right move for you!
Here are three ways it can help.
Improve Your Loan Terms: If you financed your vehicle through the dealership or another lender, your interest rate might be higher than it needs to be. By refinancing with City of Firsts Community Federal Credit Union, you may qualify for a lower rate and save money over time. As a not-for-profit credit union, we focus on helping members, not making profits for shareholders.
Adjust Your Monthly Payment: Life changes—your car payment can too. Refinancing lets you choose a loan term that fits your budget. You might lower your monthly bill to free up funds for other needs or shorten your term to pay off your vehicle faster. Our team can help you find the option that works best for you
Benefit from a Better Credit Score: Has your credit score improved since you first financed your car? If so, you may now qualify for a better rate. Refinancing rewards your progress by helping you lock in savings and reduce interest costs
How to Get Started
Refinancing with the City of Firsts Community Federal Credit Union is simple.
Apply online today! Our lending team will review your current loan and help you find a plan that meets your financial goals.
We’re here to make sure your auto loan works for you—not against you.
Ready to see how much you could save? Visit https://www.coffcu.org/ or contact us at 765-454-5590 to speak to our loan officers.
