Vehicle Loan Refinancing
Refinance Your Auto Loan
Lower your auto loan interest rate, free up room in your budget, and save over the life of your loan.
Refinance and Save with Andrews Federal
Refinancing your vehicle loan could be one of the easiest ways to take control of your finances. If interest rates have dropped since your vehicle purchase, refinancing could save you hundreds—maybe even more.
Low, Fixed Interest Rates
Save money and keep payments predictable.
Easy Online Application
Apply in minutes with our fast, easy online process.
Set your Payment Plan
Choose a lower rate or a longer term, or both - whatever fits your budget and goals
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Your Questions. Answered.
Frequently Asked Questions about Vehicle Refinancing
Learn how to handle the vehicle refinancing process, from applications to credit and more.
Do I need to be a member to refinance my vehicle loan?
Yes, you’ll need to become a member to finalize your refinance loan. The process is simple and includes opening a basic savings account with a small initial deposit.
Can I refinance my auto loan even if it’s not with Andrews Federal?
We welcome refinances from other lenders. If you’re currently paying a higher interest rate elsewhere, refinancing with us could save you money.
How soon can I refinance my current loan?
Ideally, you should wait at least 60–90 days after your original purchase to refinance. However, the sooner you qualify for better terms, the sooner you can start saving.
What if I want to change my loan term during refinancing?
You’ll have the flexibility to select a new term. Choose a shorter term to pay your vehicle off faster or a longer term to lower your monthly payments—it’s up to you.
Will refinancing affect my credit?
Refinancing involves a credit check, which may temporarily affect your score. However, if it lowers your monthly payments or helps you pay off your loan faster, the long-term benefits often outweigh the short-term impact.
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We do business in accordance with the Equal Credit Opportunity Act. Must be a member of the credit union to open any loan account. Rates, terms and conditions vary based on creditworthiness and qualifications and are subject to change.
*APR=Annual Percentage Rate.