Auto RefinancingMonthly payment too high? Time to refi.Bring your auto loan to Connexus to start saving. Apply to save View ratesQuestions? We can help. Schedule a chat Call 800.845.5025Your car. For less.Love your car, but not what it costs you? We can help!When you bring your auto loan to Connexus from your current lender, we don’t just lower your interest rate and monthly payment. We also treat you to 90 days of no monthly car payments upon request3.Check out the video to learn more about our quick and easy refinancing process or click below to get started today. Refinance and save Auto refinance perksWhen you bring your auto loan to Connexus from another lender, you’ll walk away with much more than a lower monthly payment. In fact, we pull out all the stops to give you an experience so stellar, you’ll become a member for life. To that end, here are just a few of the exclusive perks you can take advantage of: Up to 90 days no payments3Nothing better than that new car smell … except for three months of no payments. Request it and it’s yours. Refinancing as easy as 1, 2, 3, 4We take refinancing back to basics. In just four simple, stress-free steps, we’ll help you lower your rate and payment. Less nickel-and-diming, more savingsAt Connexus, fees just aren’t our style. That means no annual fees, prepayment penalties, or funds due at closing. Amped-up security for peace of mindSafety first! Protect your vehicle and financial well-being with Debt Protection, GAP Protection, and our Warranty Program.Lowest available rates(Cars, Trucks, SUVs, Motorcycles)New/Used Auto Loan Refinance Rates – Cars, Trucks, SUVs and MotorcyclesModel YearTermAPR1 As Low AsMonthly Payment2022 or newer24 months5.99%$664.7436 months6.69%$461.0348 months6.94%$358.7860 months7.14%$298.0172 months7.44%$258.9284 months8.24%$235.592021 and older224 months6.74%$669.8236 months6.99%$463.0948 months7.24%$360.8760 months7.49%$300.5072 months7.74%$261.1084 months8.49%$237.47Accurate as of 12/10/2023 Calculators Auto Refinance Savings Debt-to-income RatioThe refinancing processApply online in minutes by entering current loan and payment detailsReceive decision on your refinance in 1-4 business days4After approval, enjoy 90 days of no monthly car payments upon request3Save money with your new interest rate and lower monthly paymentsLearn more about refinancing 3 Myths of Refinancing Your Car Loan If you’re thinking about refinancing your car loan, but you’re unsure, we might be able to clear up some of the common myths. 5 Signs it’s Time to Refinance Your Auto Loan Life changes, and so do financial situations. Here’s how to know when those changes mean it’s time to refinance your auto loan.FAQs: You Asked. We Answered. a 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. a Why should I refinance my existing car 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 Loan calculator to figure out how much you could save. a Will I be charged any fees to refinance? At Connexus, we don’t believe in nickel-and-diming. So when you refinance, you won’t be charged any annual fees, application fees, or prepayment penalties, and you won’t have any funds due at closing. a Is the refinancing process difficult or time-consuming? We make refinancing as quick and easy as possible! In just four simple, stress-free steps, we’ll help you lower your rate and payment. Here’s how it works:Apply online in minutes or by calling 800.845.5025 by entering your current loan and payment detailsGet approved to refinance your loan in 1-4 business days4After approval, enjoy 90 days of no monthly car payments upon request3Save money with your new interest rate and lower monthly payments thereafter Disclosures See our Fee Schedule for a list of fees you may encounter. 1APR = Annual Percentage Rate. All rates accurate as of 12/10/2023 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 $15,000. 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. 2To be eligible for the lowest available rate, term length restrictions apply. Model years 2019-2021 have a maximum term of 84 months. Model years 2017-2021 have a maximum term of 72 months. Model years 2016 and older have a maximum term length of 60 months. 3Interest begins accruing upon disbursal of loan. Deferred payment available upon credit approval. Some restrictions apply. Deferred payments may not exceed 90 days. Deferment must be requested at time of application. 4Processing and approval typically is complete in one to four business days, but contingent on member’s timely submittal of all required paperwork. Delayed submittals may add time to the approval process.
