Auto Loan Refinancing

Drive down your car payment

Limited-Time Offer!

Limited-time 0.25% rate discount (up to 0.50% rate discount with direct payment)1

No payment for 90 days2

Flexible terms up to 84 months3

Members save an average of $3,815 when refinancing a car loan with MECU1.

Advantages of Vehicle Refinancing
At MECU Credit Union, we're committed to helping you reduce your monthly payments and enjoy a more flexible financial future.
Apply by phone with our Loan by Phone team:

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.

MECU helped me improve my financial well being by refinancing my car loan into a lower rate loan. Having a lower interest rate helped me and my family save money.

Jesika P.

Switch your auto loan and save!

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 This is a limited-time offer and may be rescinded at any time.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 21, 2026, through June 26, 2026, 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 are expected to save 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 October 1, 2025 through December 31, 2025). 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 645 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 21, 2026 and subject to change. APR includes a 0.25% limited-time promotional discount and 0.25% direct payment discount; the maximum permitted rate discount is 0.50%.

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