Save By Refinancing Your Auto Loan
Refinance your auto loan with JHFCU and enjoy lower rates, flexible terms, and savings that put you back in the driver’s seat.
In order to refinance your vehicle, we'll need a few key pieces of information:
- Who the car is currently financed through
- Your current lender will need to send you a 10-day payoff with per-diem (interest accruing daily)
- A copy of the vehicle title, VIN and mileage of your vehicle
Once that information is received by our lending department, we'll determine whether or not the vehicle can be refinanced. In order to be eligible for refinancing, we look at the following:
- LTV (Loan-to-value) which cannot exceed 135%
- Credit Worthiness – we will pull your credit in order to determine loan eligibility.
- Good standing JHFCU account.
Documents will then be processed via Docusign so, there’s no need to come in for loan processing – it can be done from the convenience of your own home. Once the loan is finalized, we'll mail a check to your old lender so that you can begin making payments to us. Don't forget, you have the option of deferring your first payment for 90 days!
Benefits of Refinancing Your Auto Loan With JHFCU
Refinancing with us makes saving money fast and easy. Take advantage of some of our incredible benefits with the following auto loan refinance features.
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"I purchased a new car and obtained financing through a finance company at an 12% interest rate. JHFU was able to refinance my vehicle at 2.5% and lower my monthly payments by $218 per month. I am thrilled with JHFCU and the time and attention they provided to me. Thank you!"
- S. C.
Refinancing is quick and easy
Step
1
Apply Online
Our quick and easy online application takes just a few minutes.
Step
2
Sign Electronically
Do everything from the convenience of your home or office.
Step
3
We’ll take care of paying off your old loan
We’ll send your old loan payoff automatically.
Auto Loan Resources
GAP, Debt, or Major Mechanical Protection can help protect you against unforeseen expense.
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Determine what your estimated car loan payment, or car purchase price, could be. |
*Skipping your first payments up to 90 days extends your maturity date for approximately up to three months. If you have credit insurance coverage on this loan, it does not cover any deferred payments. Note that loan interest will still accumulate, so your final payment on this loan may increase. The option to skip a payment is subject to change or may be discontinued.
In order to qualify for financing, vehicle must be no more than 10 years old and must have fewer than 125,000 miles.