Auto Refinancing

Pay less for the vehicle you love.

Refinance your auto loan with rates as low as 4.99% APR.‍1

Apply to Refinance

Questions? We can help.

Benefits for you

Our Auto Refinancing benefits

Competitive rates

Current Auto Refinancing rates

Competitive rates

Current Auto Refinancing rates

New/Used Auto Loan Rates – Cars, Trucks, SUVs and Motorcycles
Model YearTermAPR‍1 As Low AsPayment per Thousand
2024 or newer24 months4.99%$43.87
36 months5.09%$30.01
48 months5.19%$23.12
60 months5.39%$19.05
72 months5.79%$16.47
84 months6.69%$14.94
2023 and older‍224 months5.14%$43.93
36 months5.24%$30.08
48 months5.49%$23.25
60 months5.74%$19.21
72 months6.29%$16.71
84 months6.74%$14.97
Accurate as of 11/01/2025

Calculators

simple refinancing steps

Auto Refinancing process

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Protect your vehicle

Choose comprehensive coverage options, such as Debt Protection, GAP Protection, and our Warranty Program, to safeguard your investment and give yourself peace of mind for the road ahead.

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Learn more about refinancing

3 Myths of Refinancing Your Car Loan

If you’re thinking about refinancing your car loan, but feeling unsure, we can help clear up some common myths.

7 Signs It’s Time To Refinance Your Auto Loan

Wondering if refinancing your current auto loan is a smart option? Since it can often lower your rate or monthly payment, it’s worth considering. Here are seven signs it’s time to refi.

FAQs: You asked. We answered.

What information do I need to complete my Auto Refinancing application?

To complete your application, you’ll need to provide:

  • Income verification (i.e., most recent pay stub, including year-to-date earnings)
  • Copy of your driver’s license and vehicle title or registration
  • Proof of current vehicle mileage
  • Verification of auto insurance

Once approved, you’ll need to provide:

  • 10-day loan payoff statement from your current lender, including the account number and overnight mailing address
  • Updated verification of your auto insurance, listing Connexus Credit Union as the lienholder
Can I pay off my loan quicker than the payment schedule?

Of course! There’s no prepayment penalty for paying off your loan early. Doing so will actually help you save on interest over the long run.

Why should I refinance my existing auto loan?

You might refinance to get a lower interest rate or lower your monthly payment by extending your repayment term. Call 800.845.5025 or try our Auto Refinancing Savings Calculator to determine how much you could save.

Will I be charged any fees to refinance?

At Connexus, fees aren’t our style. When you refinance with us, you will not be charged any application fees, annual fees, or prepayment penalties.

How easy is the refinancing process?

You can complete the refinancing process in four simple steps. Here’s how it works:

  • Apply online or by phone at 800.845.5025 and provide the required documentation
  • We will process your application and notify you via phone and email of any additional documentation that may be needed, usually within one business day.
  • Provide us with a 10-day loan payoff statement from your current lender, including the account number and overnight mailing address.
  • Once we receive all the required documentation, we will finalize your loan electronically and send the funds to your current lender. You will be charged $20 for this fund transfer.

Disclosures

See our Fee Schedule for a list of fees you may encounter.

  1. APR = Annual Percentage Rate. All rates accurate as of 11/01/2025 and are subject to change. Rates include a 1% discount when registered for Digital Banking and subscribed to eStatements, and a 1% discount for auto-paying electronically. Loan term must be at least 24 months. Minimum loan amount is $10,000. Payments calculated on a loan amount of $1,000. Individual rates and terms may vary and include all eligible discounts. Certain restrictions apply. Offer does not apply to loans currently financed at Connexus Credit Union. Offer subject to change or termination.
  2. To be eligible for the lowest available rate, term length restrictions apply. Model years 2022-2023 have a maximum term of 84 months. Model years 2019-2021 have a maximum term of 72 months. Model years 2018 and older have a maximum term length of 60 months.
  3. Make no auto loan payments for up to 90 days upon request. Offer does not apply to auto loans currently financed at Connexus Credit Union. Deferred payments must be requested at the time of application, may not exceed 90 days, and are subject to credit approval. Interest begins accruing upon disbursal of loan. Some restrictions may apply.
  4. Average Car Loan Interest Rate for a used car loan for prime borrowers according to NerdWallet as of September 2025. Example savings received through refinancing a 60-month, $21,000 used auto loan at a fixed rate of 6.19% for the term of the loan. For illustrative purposes. Your savings may differ depending on term, loan amount, and credit score.