Refinance Your Auto Loan

Your car doesn’t need all your money. Refinance it and keep some for yourself.

Rates as low as 4.49% APR*


Right now, you can Switch and Save if you already have a car loan somewhere else! Ask us how we can Match or Beat your current loan rate and lower your monthly payments with auto refinancing.1

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Savings You Can See

We’ll work with you to find the best possible savings on your refinance through our competitive interest rate 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.3
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Fast & Easy Application

Switching your loan is easy. Begin your application online (Opens in a new Window) today and get notified within 24 hours.3

Auto Loan somewhere else? For a limited time, let us beat your current rate when you refinance with us. 

Refinance your car loan with us today and lower your monthly payments. Members Choice will match or beat your current rate by up to 2%. Terms and conditions apply.1  

Lower your monthly payments, or get cash with your auto refi.

Refinancing your car loan is basically like giving your budget a little extra breathing room. By lowering your monthly payments, you’ll free up more cash for the stuff you actually care about—whether it’s weekend plans, paying down other bills, or just having a little more cushion in your bank account.

Additional Auto Loan Refi Benefits:

  • Get a cash-out refi of up to 125% financing to turn car's equity into fast cash.
  • Loyalty Rate Discount Options – Get up to .50% in rate discounts: .10% for an automatic loan payment transfer from an MCCU checking account, .30% for checking account direct deposit at the time of funding, .10% for a new or increased Credit Card.
  • Affordable Guaranteed Asset Protection (GAP) and optional Multi-Shield Coverage to protect your vehicle from minor damage.

Start off with an estimated rate quote – No credit pull required

Fill out the short form below to hear from a Loan Officer within the next business day.

Switching your loan is easy and can be started today

Apply Online

Or call 281.754.1470 for questions, or to 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.

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.

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. 

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

If not currently a Members Choice member, a $5 deposit is needed to establish membership. All memberships are subject to approval including credit approval. 

*Annual Percentage Rate (APR) is accurate as of January 16, 2025. Annual Percentage Rate of 4.49% is for an approximate term of 12-36 months. Payment example: 12 monthly payments of $85.37 per $1,000 borrowed at 4.49%. Discounts have been applied to the rate of 4.49%. We offer other terms up to 84 months.
1Rates are subject to change without notice, and rates shown reflect all available rate discounts.. View Loan Rates for full rate terms and disclosures. Match or Beat Your Rate:  Limited time offer. Offer may end any time, and without notice. Members Credit Union will match or beat a member's current auto loan rate by 2%, not exceeding our lowest 37-60 month rate based on a member’s credit tier. Proof of current rate is required. Forms of proof include but not limited to: Online banking screen print, purchase agreement, statements, or any other methods for documentation purposes. Changes to ownership do not qualify for program. No other discounts will apply. Existing Members Choice Credit Union auto loans are ineligible for this refinancing offer. Not eligible for purchases. Vehicles must have a Texas title. Other terms and conditions may apply. 
 
2Interest still accrues during this time.

3Typical 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.