Auto Refinancing

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Refinance Your Auto Loan

Your car is your ticket to everything you do—work, school, family and friends, and more. But that doesn’t mean you can’t save more money while paying your vehicle off. 

Credit union loans like ours offer better interest rates than traditional banks. We offer some of the best auto loans refinance rates in Tulsa, and we’ll help you lower your monthly payment so you can keep more money in your bank account.

Lower your monthly payment or get the cash you need for repairs. 

The Benefits of Refinancing Your Auto Loan

Wondering if a car loan refinance makes sense? For most people, the answer is yes—especially when you’re switching your loan from a traditional bank or auto lender to a credit union. In fact, credit unions like ours offer interest rates that are 1-3% lower than other lenders.

Getting a better APR can save you quite a bit in interest payments over the life of your loan. For example, refinancing a $15,000 loan from 7% to 5% APR leads to a savings of around $800 in interest. That’s money you can put in savings or use to pay for needed repairs to keep your car safely on the road.

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Better Savings

High monthly payments and long loans can be stressful. Refinancing not only gives you a lower payment—it can also help you decrease the length of your loan, freeing up your finances sooner.

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Better Rates

If your credit score has risen and you’re in better financial shape than when you first got your car loan, refinancing can help you save money.

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Better Terms

A refinanced car loan from our credit union means you won’t be charged penalties if you pay off the loan early.

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What to Consider Before Refinancing a Car Loan

When you’re ready to refinance, take a look at these factors to determine whether refinancing is right for you at this time. Our team is happy to answer any questions we can during this process.

  • Current value of the vehicle — What is the value of the car compared to the amount of your loan? Take the car’s current NADA value and the equity you have in your vehicle into account before seeking a loan refinance.
  • Age of the vehicle — If your car or truck is 10 years old or more, it may be harder to find a lender willing to refinance because the car’s value may not be enough to cover your loan amount. 
  • Financial situation — Factors such as your budget, money in savings, credit score, and current salary can help you determine if refinancing is right for you. If you need more cash flow but your income or credit score would make a car loan refinance costly, it may be more beneficial to consider a personal loan instead.
  • Credit score — The loan rates and terms you qualify to receive depend on your credit score. An improved credit score can make refinancing worth it.
  • Market rates — Are today’s loan interest rates lower than your current APR? Or are they as high or higher? Avoid refinancing to a higher interest rate, as you’ll pay more, not less, over the life of the loan.
  • Prepayment terms — Does your current loan require you to pay penalties if you pay off the loan early?
  • Time remaining on your loan — Do you have just a few months left on your car loan? Or do you have 3-4 years on it?

Before refinancing your auto loan, you want to know how much your payments will be and how much you can expect to save on monthly payments. With our refinance calculator, you can enter your loan details and get an idea of what you may be paying after you refinance.

Payment Calculator

Principal Amount:
Payment Amount:
Number of Payments to Pay Off:
Interest Rate:
Total Payments:
Total Interest:

Have Questions? Contact us for more information

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What You Need to Refinance Your Auto Loan

Our team makes it simple to refinance your existing car or truck loan. To help you navigate the process smoothly so you can start enjoying a more affordable payment, we ask you to provide us with the following information:

  1. Payoff amount on your existing loan – This includes the total amount remaining on the loan, plus interest, and the date(s) for which the payoff amount applies. Your loan company can provide this to you if it is not clearly listed already on your loan documents.
  2. Details about your current loan — such as the name of the lender, loan number, current monthly payment amount, the amount of time left on the loan, current APR, and any other relevant loan terms.
  3. Detailed information about your vehicle — including the make and model, your title paperwork, the vehicle identification number (VIN), and the car’s current value  
  4. Proof of your identity and finances — such as your social security number, valid driver’s license, current pay stubs or W-2s, recent credit reports, and existing car insurance 

Loan Rates based on the national average**

Credit Range

AVerage New Car

Average Used Car

725 - 850

As Low As 7.49% APR*
As Low As 7.49% APR*

724 - 690

As Low As 7.99% APR*
As Low As 7.99% APR*

689 - 645

As Low As 10.49% APR*
As Low As 10.49% APR*

644 - 600

As Low As 12.24% APR*
As Low As 17.78% APR*

599 - Below

As Low As 14.99% APR*
As Low As 20.67% APR*

* Exact rate depends on credit history and model year. Contact CU for details
**Based on National average doesn't reflect actual credit union rates.

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