Why Refinance Your Vehicle Loan?
Oftentimes when you need a new vehicle, you need it now. But that doesn’t always get you the best deal when looking for auto loans. If you are financing your vehicle through another bank or lender and are struggling with payments, you may be able to get a lower rate and monthly payment with refinancing.
Refinancing your loan can lower your monthly payments either by offering a lower interest rate or lengthening the timeframe of the loan, resulting in lower monthly payment but possibly more interest being paid over the length of the loan.
Find out more with our guide on When You Should Refinance Your Vehicle Loan.
How to Refinance Your Car or Auto Loan
Refinancing a car means taking out a new loan with different terms to pay off an old loan used to purchase a vehicle. If you want to refinance your car loan, follow these steps.
Arizona Central Credit Union makes refinancing a car or vehicle loan painless!
- Determine if refinancing is right for you. Will you get a lower rate or monthly payment?
- Find and prepare necessary documents such as proof of address, proof of income, vehicle details and details about your existing loan.
- Apply to a qualified lender like Arizona Central Credit Union.
- Pay off your old loan with the lump sum provided.
- Make regular payments as agreed upon with your new lender and enjoy lower monthly payments.
Why Choose Arizona Central Credit Union?
Arizona Central Credit Union has been providing Arizona families in Phoenix and beyond with auto loans and other financial services since 1939. Whether you already have an account or are just beginning your homebuying journey, we will be here to safeguard you and help you achieve your goal of financial freedom.
Arizona Central Credit Union has 9 direct branches throughout Arizona, including Phoenix, Glendale, Tempe, Chandler, Flagstaff, Tucson and Show Low. Members have access to 30,000+ surcharge-free ATMs nationwide through the CO-OP ATM network. Arizona Central makes banking accessible & rewarding for all AZ communities.
Refinancing FAQs
- 90 days to first payment is subject to credit approval and only valid on auto loans, ATV loans, motorsport vehicle loans, or motorcycle loans not already financed with Arizona Central Credit Union. First payment may be deferred for up to 90 days, however, your loan will still accrue interest during that time. Some restrictions apply. For a limited time – may be changed at any time. Offer excludes other loan products not limited to personal loans/lines, credit cards and real estate.
Vehicle Loans & Refinancing Options
Let us get you into the driver’s seat with great rates, friendly service and helpful online tools.
