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. On average, our members save $62 per month by refinancing their auto loan with Navy Federal. That’s more than $700 per year in savings.2

  • Easy application process via our mobile app* or online
  • Competitive, low rates
  • Low monthly payments
  • 24/7 access to a stateside member rep

Calculate Your Payment3

Use our Auto Loan Calculator to find the best monthly payment for you.

Get Started

Auto Refinance Loan Rates4

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
New Vehicle 1.79% 2.19% 2.29% 4.69% 5.59%
Late Model Used Vehicle 2.19% 2.29% 3.79% N/A N/A
Used Vehicle 3.79% 3.79% 4.19% N/A N/A

Rates as of May 16, 2021 ET.

Late Model Used Vehicles: Year models 2020, 2021 and 2022 with 7,500-30,000 miles.

Used Vehicles: 2019 and older model years or any model year with over 30,000 miles. If the vehicle is 20 years or older based on the model year, the vehicle is considered classic or antique and subject to collateral loan rates.

Apply Now for an auto refinance

Why Refinance Your Auto Loan

By refinancing, you’re taking out a new loan with different terms to pay off your existing loan. This 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 means a lower monthly payment and that you’ll pay 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.

Auto Resources

View MoreAuto Resources

Auto Learning Center

View Moreat the Auto Learning Center

Calculate Your Payment3

Use our Auto Loan Calculator to find the best monthly payment for you.

Get Started

Disclosures

1

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.

2

Monthly payment savings is based on the average monthly payments our members experienced with their new auto loan booked between January and April 2020 compared to their prior loan payments with another lender. Monthly payment reduction may result from a lower interest rate, a longer term, or both. Your actual savings may be different.

3

Credit and collateral subject to approval. Rates subject to change and are based on creditworthiness, so your rate may differ. Boat and recreational vehicles must be used for recreational purposes only.
Boats: New boat loan of $20,000 for 3 years at 5.95% APR will have a monthly payment of $611.
$25,000 minimum amount financed for 61-84 months. $30,000 minimum amount financed over 84 months.
New Motorcycles: 2020, 2021 and 2022 model years with less than 1,000 miles. New motorcycle loan of $15,000 for 3 years at 6.95% APR will have a monthly payment of $465.
$25,000 minimum amount financed for 61-72 months. $30,000 minimum amount financed for 73-84 months.
Used Motorcycles: 2019 and older model years, or more than 1,000 miles regardless of title history. $25,000 minimum amount financed for 61-72 months.
Other Collateral: Loan for other collateral of $15,000 for 3 years at 7.99% APR will have a monthly payment of $473.
$25,000 minimum amount financed for 61-84 months. $30,000 minimum amount financed for over 84 months. Collateral loans available for up to 180 months for home improvement on your primary residence.

4

Credit and collateral subject to approval. Rates subject to change and are based on creditworthiness, so your rate may differ.
New Vehicles: 2020, 2021 and 2022 model years with 7,499 miles or less. Minimum loan amount is $30,000 for terms of 85-96 months.
Payment example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572.
Late Model Used Vehicles: 2020, 2021 and 2022 model years with 7,500-30,000 miles.
Used Vehicles: 2019 and older model years or any model year with over 30,000 miles.
If the vehicle is 20 years or older based on the model year, the vehicle is considered classic or antique and subject to collateral loan rates.