Members save an average of $3,726 when they refinance their car loan with MECU1
At MECU Credit Union, we're committed to helping you reduce your monthly payments and enjoy a more flexible financial future.
Limited-time 0.50% rate discount (up to 0.75% rate discount with direct payment)1
No payment for 90 days2
Flexible terms up to 84 months3
Advantages of Vehicle Refinancing
- Car loan rate discount of 0.25% with direct payment
- Protect your vehicle and loan with low-cost Loan Payment Protection, Vehicle Loss Protection (GAP), and discounted Auto Insurance
- Calculate your savings with our Auto Loan Refinance Calculator
Refinancing with MECU is a smart way to reduce your car payments and gain financial flexibility. Whether you’re looking to lower your monthly payment, extend your loan term, or add valuable protection options, we’ve got you covered.
Apply by Phone with our Loan by Phone team: 443-263-8343
Disclosures
1 APR = Annual Percentage Rate. This is a limited-time offer and may be rescinded at any time. Rates available on auto loan applications for the refinance of an existing auto loan from another lender submitted from April 15, 2025, through June 27, 2025, that funds within 30 days after loan approval. Offer not available on loans less than $10,000 or for any existing MECU loan. Your actual rate may be higher depending on collateral, amount financed, repayment term, credit history and ability to repay. Other terms and conditions may apply. Subject to credit review, verification of collateral, and membership eligibility.Average savings is based on the average estimated total interest members saved over the life of their auto loan resulting from a lower interest rate and same/near-same repayment term (based on loans MECU refinanced from September 17, 2024 through December 27, 2024). Your actual savings may be different depending on your individual circumstances. Refinancing into a higher rate and/or longer repayment term may result in a higher monthly payment and/or higher interest over the life of your loan.
2 Not all applicants will qualify for the 90-day deferred payment. Members must be in good standing with the credit union, with a credit score of 660 or greater. Other conditions may apply. Your first payment will be due 90 days from the date of issue. Interest will accrue on your loan during the deferral period.
3 Estimated monthly payment per $1,000 borrowed at 5.24% APR for 72 months is $16.22. This APR is current as of April 15, 2025, and subject to change. This APR includes a 0.50% limited-time promotional discount and 0.25% direct payment discount; the maximum permitted rate discount is 0.75%.
Risk-Based Pricing Notice