Refinance Your Auto Loan

Get extra cash with a cash-out auto refinancing loan

With cash-out refinancing, you can get some extra cash to afford anything you may need down the road, all in one convenient monthly car payment. By switching your current auto loan to a new one with us, you can use the equity you’ve already built in your vehicle to borrow against it, and get one convenient monthly payment. 
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Savings You Can See

Just want to refinance without the extra cash-out? We can do that too. We’ll work with you to find the best possible savings on your refinance through our competitive interest rates options.
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No Payments 90 Days*

Don’t worry about paying right away. Your first payment won’t be due for three months after closing.
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Fast & Easy Application

Switching your loan is easy and can be started online or over the phone. Begin your application today and get notified within 24 hours.** 

Additional Auto Loan Benefits: 

  • Loyalty Rate Discount Options – Get up to .20% in auto loan rate discounts: .10% discount for an automatic loan payment transfer from a Members Choice Credit Union checking account, and .10% for a new credit card.
  • Affordable Guaranteed Asset Protection (GAP)

Members Can Compare Auto Loan Rates Quickly Online

If you’re a member, you already have access to SavvyMoney, a free service to help compare auto loan rates and more so you can find the best saving opportunities on your new and existing auto loan. Log in and click on the SavvyMoney link to get your current credit score, then go to “Refinance Auto Loans” under the Auto Loans tab. 

Switching your loan is easy and can be started online or over the phone

Apply Online

Apply by Phone

Call us at 281.754.1470 to ask questions or start a loan application by phone.

Apply in a Branch

To apply in branch, visit a branch near you.

FAQs about Auto Refinancing

A lower interest rate can help you save hundreds or even thousands of dollars throughout the life of your loan repayment term. Use our Car Payment Calculator to find out what your payment options would be.

If you're a current member, you have access to SavvyMoney, a free service to help compare auto loan rates and more so you can find the best saving opportunities on your existing auto loan. Log in and click on the SavvyMoney link to get your current credit score, then go to “Refinance Auto Loans” under the Auto Loans tab. 

There are a few reasons why people refinance their car loan; mostly it’s to save money. You may want to lower your monthly car payment, or your interest rate was marked-up when you bought your car, or perhaps your credit score has improved. Depending on the term of your original loan or changes in your finances, refinancing can help you put money back in your pocket through lower interest rates, extending your loan term, or both.

You typically need a history of on-time payments to make refinancing worthwhile and possible. The new rate you’ll qualify for depends on multiple factors, including your credit history and score.

If you're a current member, you have access to SavvyMoney, a free service to help compare auto loan rates and more so you can find the best saving opportunities on your existing auto loan. Log in and click on the SavvyMoney link to get your current credit score, then go to “Refinance Auto Loans” under the Auto Loans tab. 

Extending the length of your loan when you refinance will lower your monthly payments. Speak to our loan specialists to see if this option is best for you. 

 
 
 
 
 
 

Auto Loan Resources

Auto Loan Rates

Check our current competitive rates for auto loans. View Loan Rates

Car Payment Calculator

Find out exactly what you need to get the payment you want. Get Your Payment

Enhanced Loan Calculator

Look at several different scenarios. Run the Numbers

Affordable Guaranteed Auto Protection (GAP)

Pays the difference between any insurance settlement and the amount owed on the loan. Learn More About GAP

Optional Multi-Shield Coverage

Protect your vehicle from minor damage. For more information, call us today at 281.398.9900 / 800.753.2428

Disclosures

*Interest still accrues during this time.
**Typical turnaround for in person, phone or online applications is within 24 hours, if application is received during business hours. Weekend applications get processed the following business day.
If not currently a Members Choice member, a $5 deposit is needed to establish membership. All memberships are subject to approval including credit approval.