Auto Refinancing
Save $1,964 with an Auto Loan Refinance.4
Enjoy low rates and savings when you refinance with Connexus.
Questions? We can help.
Benefits for you
Our Auto Refinancing benefits
90 Days No Payments
Refinance your ride and enjoy three months of no payments.3
Fewer Fees
Save more with no annual fees or prepayment penalties.
Up to 100% Financing
We offer up to 100% financing for eligible borrowers.
Competitive rates
Today’s Auto Refinancing rates
| Model Year | Term | APR1 As Low As | Payment per Thousand |
|---|---|---|---|
| 2023 or newer | 24 months | 5.49% | $44.09 |
| 36 months | 5.69% | $30.28 | |
| 48 months | 5.89% | $23.43 | |
| 60 months | 6.09% | $19.37 | |
| 72 months | 6.39% | $16.76 | |
| 84 months | 7.44% | $15.31 | |
| 2022 and older2 | 24 months | 5.79% | $44.23 |
| 36 months | 5.94% | $30.39 | |
| 48 months | 6.19% | $23.57 | |
| 60 months | 6.44% | $19.54 | |
| 72 months | 6.99% | $17.04 | |
| 84 months | 7.99% | $15.58 | |
| Accurate as of 12/26/2024 | |||
Calculators
- Does it pay to refinance? Use our calculator to see what you may save by refinancing your auto loan.
- What’s my debt-to-income (DTI) ratio? DTI is a factor when you apply for a new loan. Learn yours now.
simple refinancing steps
Auto Refinancing process
Complete application
Apply online or by phone at 800.845.5025.
See our list of required documents to complete application. Receive confirmation
We will process your application and notify you via phone and email of any additional documentation that may be needed, usually within one business day.Contact current lender
Provide us with a 10-day loan payoff statement from your current lender, including the account number and overnight mailing address.Finalize your loan
Once we receive all the required documentation, we will finalize your loan electronically and send the funds to your current lender.available coverage
Protect your vehicle
Choose comprehensive coverage options, such as Debt Protection, GAP Protection, and our Warranty Program, to safeguard your investment and give yourself peace of mind for the road ahead.
blog
Learn more about refinancing
3 Myths of Refinancing Your Car Loan
If you’re thinking about refinancing your car loan, but feeling unsure, we can help clear up some common myths.
7 Signs It’s Time To Refinance Your Auto Loan
Wondering if refinancing your current auto loan is a smart option? Since it can often lower your rate or monthly payment, it’s worth considering. Here are seven signs it’s time to refi.
FAQs: You asked. We answered.
What information do I need to complete my Auto Refinancing application?
To complete your application, you’ll need to provide:
- Income verification (i.e., most recent pay stub, including year-to-date earnings)
- Copy of your driver’s license and vehicle title or registration
- Proof of current vehicle mileage
- Verification of auto insurance
Once approved, you’ll need to provide:
- 10-day loan payoff statement from your current lender, including the account number and overnight mailing address
- Updated verification of your auto insurance, listing Connexus Credit Union as the lienholder
Can I pay off my loan quicker than the payment schedule?
Why should I refinance my existing auto loan?
You might refinance to get a lower interest rate or lower your monthly payment by extending your repayment term. Call 800.845.5025 or try our Auto Refinancing Savings Calculator to determine how much you could save.
Will I be charged any fees to refinance?
At Connexus, fees aren’t our style. When you refinance with us, you will not be charged any application fees, annual fees, or prepayment penalties.
How easy is the refinancing process?
You can complete the refinancing process in four simple steps. Here’s how it works:
- Apply online or by phone at 800.845.5025 and provide the required documentation
- We will process your application and notify you via phone and email of any additional documentation that may be needed, usually within one business.
- Provide us with a 10-day loan payoff statement from your current lender, including the account number and overnight mailing address.
- Once we receive all the required documentation, we will finalize your loan electronically and send the funds to your current lender. You will be charged $20 for this fund transfer.