Auto Refinancing

Save $1,964 with an Auto Loan Refinance.‍4

Enjoy low rates and savings when you refinance with Connexus.

Apply to save View rates

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

New/Used Auto Loan Refinance Rates – Cars, Trucks, SUVs and Motorcycles
Model YearTermAPR‍1 As Low AsPayment per Thousand
2023 or newer24 months5.49%$44.09
36 months5.69%$30.28
48 months5.89%$23.43
60 months6.09%$19.37
72 months6.39%$16.76
84 months7.44%$15.31
2022 and older‍224 months5.79%$44.23
36 months5.94%$30.39
48 months6.19%$23.57
60 months6.44%$19.54
72 months6.99%$17.04
84 months7.99%$15.58
Accurate as of 06/21/2025
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Calculators

simple refinancing steps

Auto Refinancing process

1

Complete application

Apply online or by phone at 800.845.5025. See our list of required documents to complete application.

2

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.

3

Contact current lender

Provide us with a 10-day loan payoff statement from your current lender, including the account number and overnight mailing address.

4

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?
Of course! There’s no prepayment penalty for paying off your loan early. Doing so will actually help you save on interest over the long run.
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.