Auto Refinance Loan & Rates | Greater Texas Credit Union

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**Rates are subject to change without notice, special promotional rates do not apply to loans already financed at the Credit Union.**

Loan Types
Terms
Annual Percentage Rate

2020, 2021, 2022 Models
Up to 36 Months
As low as 3.49%

Up to 63 Months
As low as 3.99%

Up to 75 Months
As low as 4.59%

Up to 84 Months*
As low as 5.59%

2016, 2017, 2018, 2019 Models

Up to 36 Months
As low as 3.99%

Up to 63 Months
As low as 4.49%

Up to 75 Months
As low as 5.09%

2012, 2013, 2014, 2015 Models

Up to 48 Months
As low as 5.21%

Up to 66 Months
As low as 5.40%

* 84 Month term on new vehicles only.

Auto Refinance Resources

As a Greater Texas Credit Union member, you’ll benefit from valuable financial resources to ensure that you’re making the right financial decisions.

Auto Loan Refinance Frequently Asked Questions

Still have questions about how to refinance your auto loan? Check out our answers to some frequently asked questions.

When is auto loan refinancing a good idea?

Your financial situation may have changed since you first took out your original car loan. Refinancing could give you access to lower interest rates or a longer term for your loan. Both of these options can lower your monthly loan payment.

It’s also possible that when you didn’t have access to the best interest rates. Perhaps your credit score has improved, and you’re eligible for lower rates. Or maybe you previously financed your loan through a dealer who didn’t give you the most competitive offer.

Whatever your situation, refinancing your auto loan could help you tailor your loan payments to fit your current budget.

Will refinancing an auto loan hurt my credit?

If you already have excellent credit, then refinancing an auto loan will make a comparatively small dent in your credit history. However, if you have bad credit, you might want to think twice before refinancing.

Applying to refinance your car loan triggers a “hard inquiry” on your credit report, which will temporarily lower your score. This decrease typically goes away in six months. However, within these six months, you should avoid other activities that could trigger more hard inquiries.

For example, if you’re applying for a mortgage, you should wait until six months have passed after refinancing your car loan.

Refinance an Auto Loan

*APR=Annual Percentage Rate. Terms and conditions apply. Rate is for loan terms up to 36 monthly payments of $28.56 per $1,000 borrowed. Advertised rate includes additional discount of 0.25% for Greater Texas | Aggieland GAP and Auto Warranty purchase. Rate is based on credit approval and subject to change. Promotion applies to new money loans for purchase or competitor refinance only.