Refinance Your Car Loan
Refinancing your car loan from another lender with Navy Federal may help you lower your interest rate, decrease your monthly payment or pay off your car loan sooner.
- Easy application process via our mobile app* or online
- Competitive rates
- 24/7 access to a stateside member rep
Auto Refinance Loan Rates2
|Loan Type||Up to 36 mos. APR as low as||37-60 mos. APR as low as||61-72 mos. APR as low as||73-84 mos. APR as low as||85-96 mos. APR as low as|
Rates as of Oct 04, 2023 ET.
Disclosures and Definitions
Advertised “as low as” annual percentage rates (APR) assume excellent borrower credit history. Your actual APR may differ and will be based upon several factors, including credit history, model year, term, and loan amount. Rates subject to change. Loan terms greater than 72 months only available for vehicles with fewer than 7,500 miles. Minimum loan amount is $30,000 for terms of 85-96 months.
New Vehicle: 2022, 2023 and 2024 model year new or used vehicles with 30,000 or fewer miles.
Used Vehicles: 2021 and older model years or any model year with over 30,000 miles. Vehicles 20 years or older (based on model year) are considered classic or antique and subject to Other Eligible Vehicle rates.
Experience Our Car Buying Center
Our fully loaded Car Buying Center has everything you need to finance, buy, research, protect and enjoy your next car—all in one place.
Why Refinance Your Auto Loan?
When you refinance a car loan, you’re taking out a new loan with different terms to pay off your existing loan. Refinancing may help you save money by reducing your interest rate, decreasing your monthly payments or both.
Lower Interest Rate
Refinancing your car loan may lower your interest rate, which could mean a lower monthly payment and paying less interest over the duration of your loan.
Decrease Car Payment
If refinancing your auto loan brings your interest rate down, it could mean your monthly payment will also go down.
Improved Credit Score
If your credit score has improved, you may get a lower rate and a lower monthly payment by refinancing.
Shorter Loan Terms
A shorter auto loan term means you can pay off your car sooner. A shorter loan could also mean you pay less in overall interest.
Car Buying Center
We can help you find everything you need to finance, buy, research, protect and enjoy your next car. Plus, you could enjoy great discounts, too!Learn More about Car Buying Center
Car Buying Service
Shop for your next new or used car with our Car Buying Service, powered by TrueCar.Learn More about Car Buying Service
Registration & Titling
Learn the ins and outs of the car registration process.Learn More about Registration & Titling
Can I refinance my existing auto loan through Navy Federal?
Yes, if the auto loan is currently with another lender. Credit and collateral are subject to approval.
What will my monthly payment be?
How does the title process work when refinancing?
If you refinanced from another financial institution, verify with them that the title was mailed to Navy Federal Credit Union, P.O. Box 25109, Lehigh Valley, PA 18002-5109. Please note that within 3 months of refinancing your car, a Certificate of Title or other proof of ownership indicating Navy Federal Credit Union as the first lienholder must be submitted to Navy Federal. If the lien-recorded title isn’t received within that time frame, your loan’s APR may be converted to Navy Federal’s rate for signature/personal loans, which is typically higher.
Once Navy Federal receives the title, we will mail to your address on file any paperwork required for the lien-recorded title application. Navy Federal will debit the DMV titling fees from your savings account upon receipt of the completed and signed paperwork and submit to the DMV on your behalf.
Does Navy Federal charge an application fee?
No. Navy Federal does not charge an application fee.
Credit and collateral subject to approval. Existing Navy Federal loans are not eligible for this offer. Auto refinance loan must be at least $5,000. Loan must be open for at least 60 days with first scheduled payment made to be eligible for the $200, which will be credited to the primary applicant’s savings account between 61 and 65 days of the loan origination date. Offer may end at any time. Recipient is solely responsible for any personal tax liability arising out of this incentive.↵
Credit and collateral subject to approval. Advertised “as low as” annual percentage rates (APR) assume excellent borrower credit history. Your actual APR may differ and will be based upon several factors, including credit history, model year, term, and loan amount. Rates subject to change.
New Vehicles: 2022, 2023 and 2024 model year vehicles with 30,000 or fewer miles. Loan terms greater than 72 months only available for vehicles with fewer than 7,500 miles. Minimum loan amount is $30,000 for terms of 85-96 months.
Payment example: New auto loan of $20,000 for 36 months at 4.54% APR will have a monthly payment of $597.
Used Vehicles: 2021 and older model years or any model year with over 30,000 miles. Vehicles 20 years or older (based on model year) are considered classic or antique and subject to Other Eligible Vehicle rates.↵
Navy Federal Credit Union is in no way responsible for any product, service, purchase or lease provided by or through the Navy Federal Car Buying Service, TrueCar, CARFAX, TruStage, Liberty Mutual or SiriusXM.↵
CARFAX is a registered trademark of CARFAX, Inc.↵
Liberty Mutual Insurance is made available to Navy Federal Credit Union members through TruStage™. Auto and Home Insurance Products are issued by Liberty Mutual Insurance Company or its subsidiaries or affiliates, 175 Berkeley Street, Boston, MA 02116 USA. © 2023 Liberty Mutual Insurance. In Texas, coverage provided and underwritten by Liberty County Mutual Insurance Company, 7900 Windrose Avenue, Plano, TX 75024. All statements made are subject to provisions, exclusions, conditions, and limitations of the applicable insurance policy. Coverages and features not available in all states. Discounts are not available in all states and discounts vary by state. Certain discounts apply to specific coverages only. To the extent permitted by law, applicants are individually underwritten; not all applicants may qualify. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on your policy where state laws and regulations allow. Please consult your policy for specific coverages and limitations. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by Navy Federal Credit Union. Navy Federal Credit Union is in no way responsible for any products or services provided by or through TruStage , Liberty Mutual or their affiliates, subsidiaries, and insurance company partners. Navy Federal Credit Union enables this insurance program to be offered and is entitled to compensation from TruStage Insurance Agency, LLC. © TruStage
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