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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

Calculate Your Payment2

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

Get Started

Auto Refinance Loan Rates

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 4.54% 4.74% 5.04% 6.94% 7.84%
Late Model Used Vehicle 4.54% 4.74% 5.04% N/A N/A
Used Vehicle 5.44% 5.74% 5.84% N/A N/A

Rates as of Jun 08, 2023 ET.

Late Model Used Vehicles: Year models 2022, 2023 and 2024 with 7,500-30,000 miles.

Used Vehicles: 2021 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

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.

Plus, you could enjoy great savings through exclusive member benefits3  from TrueCar®, CARFAX®,4 Liberty Mutual®5 and SiriusXM.

Learn More about our Car Buying Center

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.

Auto Resources

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Yes, if the auto loan is currently with another lender. Credit and collateral are subject to approval.

Your monthly payment will be determined by several factors, including your loan amount, term and interest rate. You can estimate your monthly payment with our Car Payment Calculator.

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.

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. 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 6.95% APR will have a monthly payment of $620.
$25,000 minimum amount financed for 61-84 months. $30,000 minimum amount financed over 84 months.
New Motorcycles: 2022, 2023 and 2024 model years with less than 1,000 miles. New motorcycle loan of $15,000 for 3 years at 7.45% APR will have a monthly payment of $469.
$25,000 minimum amount financed for 61-72 months. $30,000 minimum amount financed for 73-84 months.
Used Motorcycles: 2021 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 7.45% APR will have a monthly payment of $469.
$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.


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 through the TruStage® Auto & Home Insurance Program. TruStage Auto & Home Insurance Program is made available through TruStage Insurance Agency, LLC. Coverage provided and underwritten by Liberty Mutual Insurance Company or its subsidiaries or affiliates, 175 Berkeley Street, Boston, MA 02116 USA. © 2022 Liberty Mutual Insurance. 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 enables this insurance program to be offered and is entitled to compensation from TruStage Insurance Agency, LLC. 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. © TruStage Insurance Agency 2022 AUT-4964941.1-0922-1024

The views expressed in the reviews are solely those of the individuals posting them. The testimonials are substantively the words of the individual reviewer, but may have undergone minor clerical revisions to ensure readability, add context, or protect private information. Any imagery displayed is for decorative purposes only and is not necessarily associated with the reviewer.