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 $84 per month by refinancing their auto loan with Navy Federal. That’s more than $1,000 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

Auto Refinance Loan Rates about auto refinance loan rates4

Loan TypeUp to 36 mos. APR as low as37-60 mos. APR as low as61-72 mos. APR as low as73-84 mos. APR as low as85-96 mos. APR as low as
New Vehicle1.79%2.19%2.29%4.69%5.59%
Late Model Used Vehicle2.29%2.39%3.89%N/AN/A
Used Vehicle3.89%3.89%4.29%N/AN/A

Rates as of August 11, 2020 ET.

Used Vehicles: 2018 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.
Late Model Used Vehicles: Year models 2019, 2020 and 2021 with 7,500-30,000 miles.

Apply Now for an auto refinance loan

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 Loan Resources

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Auto Learning Center

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Disclosures

1 Existing Navy Federal loans are not eligible for this offer. Refinanced loan must be at least $5,000 to be eligible for the $200. You must make your first scheduled payment in order to receive this offer. $200 will be credited to the primary applicant’s savings account between 61 and 65 days of the loan origination date. If the auto refinance loan is canceled or paid off in the first 60 days, the $200 offer will become invalid. 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 average reduction in 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. The average monthly savings calculation is based on original loan information provided by the member and loan information we received from a credit reporting agency, and does not include data from members who chose to reduce the number of remaining payments on their auto loan. Monthly payment reduction may result from a lower interest rate, a longer term, or both. Your actual savings may be different.

3 This calculator is provided as a self-help tool for informational purposes only. It is only intended to estimate basic monthly payments based on your inputs. All examples are hypothetical and are for illustrative purposes only. Your payment amount will differ based on a variety of factors, including when your first payment is due. Accuracy is not guaranteed.

4 Collateral subject to approval. Rates subject to change and are based on creditworthiness, so your rate may differ.
New Vehicles: Year models 2019, 2020 and 2021 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.
Used Vehicles: 2018 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.
Late Model Used Vehicles: Year models 2019, 2020 and 2021 with 7,500-30,000 miles.

Rates

Savings as high as+ 0.80% APY

Auto Loans as low as+ 1.79% APR

Certificates as high as 3.50% APY

Credit Cards as low as++ 5.99% APR

We encountered an issue with our Rates feed, please call for rates or check back later.