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Auto Loan Refinancing

Put your vehicle loan to work for you

Refinancing your vehicle loan with Northwoods Credit Union may help you secure a lower rate, reduce your monthly payment, or better fit your financial goals.

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Why refinance your auto loan?

Refinancing with Northwoods Credit Union may help you save money, improve your loan terms, and enjoy the personalized service that comes with working with a trusted local lender.

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Lower your interest rate

Refinancing may help you secure a lower interest rate than your current vehicle loan.

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Potentially lower your monthly payment

Adjusting your loan term or rate may help reduce your monthly payment.*

*Subject to credit approval and loan qualifications.

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Local service you can trust

Bring your loan to a local financial institution where it's easy to get answers and personalized support.

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No application fees

Apply for refinancing without pesky application fees.

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Flexible financing options

Financing options are available for qualified borrowers and a variety of vehicle types.

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Loan protection options available

Ask about available protection options for added peace of mind.

What our customers say

They are so easy to work with and make banking a breeze! I’ve never had poor service by a single person there. The loan staff are super flexible and I was able to buy my car without stepping in the door!
Nikki C.
AMBER SAVED US TODAY getting an auto loan last minute! Perfect n thank you
Lydia J.
I love NCU because they are always so easy to work with. I’ve had all of my car loans and personal loans through them, and I can’t imagine banking with anyone else!
Abby K.

Frequently asked questions

Find answers to common questions about auto loan refinancing.

  • Auto loan refinancing replaces your current vehicle loan with a new loan.

  • Yes. Eligible vehicle loans from other lenders may be refinanced at Nortwoods Credit Union.

  • No. Northwoods Credit Union does not charge an application fee for auto refinancing.

  • Yes. Refinancing may be available for eligible vehicle loans.

  • Applying may result in a credit inquiry.

  • Apply online or contact a loan officer.

  • GAP waives all or part of the difference between your primary insurance company’s settlement and the payoff of your loan balance up to a certain loan to value maximum.

    Disclaimer: *GAP is subject to limitations and exclusions, including a loan-to-value (LTV) maximum that may cap the benefit you receive*

  • Mechanical Breakdown Protection also known as a Vehicle Service Contract or MBP, is automobile protection that extends beyond the manufacturer’s factory warranty and covers repairs of unexpected mechanical or electrical failures.

    • Secure equity that you have built into your loan. Each monthly payment made towards loan may also be protected
    • Life of loan protection
    • No mileage, make, or year restrictions
    • Open enrollment
    • 100% refundable for the first 60 days
    • Accidental death protection included

Make informed decisions with our resources

Why refinance your auto loan?

Learn how refinancing may help lower your interest rate, reduce your monthly payment, or better align your loan with your financial goals.

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Debt Protection & GAP Coverage

Optional protection products may help provide peace of mind by protecting your loan and helping cover certain unexpected situations.

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Talk with a local lending specialist

Our experienced lending team can review your current loan and help you explore refinancing options that fit your needs.

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Refinancing is quick and easy

Switching your vehicle loan may take less time than you think. Our team will guide you through the process from start to finish.

  • 1

    Apply

    Apply online, by phone, or in person and tell us about your current vehicle loan.

  • 2

    Review

    A loan specialist will review your information and discuss available refinancing options.

  • 3

    Complete

    Bring in your vehicle title, sign the final paperwork, and we'll help finalize your refinance.*

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Apply online 24/7 whenever it’s convenient for you.

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Ready to make the switch?

Refinancing doesn't have to be complicated

Refinancing your auto loan with Northwoods Credit Union may help you lower your rate, reduce your payment, or find terms that better fit your financial goals.

Refinance now View rates

Rates

Auto Purchase and Refinance Loan rates

Rates effective as of: August 26, 2026

*APR = Annual Percentage Rate.
1 Up to 125% financing on new autos for qualified members and up to 125% financing of the NADA Clean retail value on used autos for qualified borrowers.
2 Rates are determined based on the creditworthiness of the applicant.
3 Terms are determined based on the creditworthiness of the applicant and by the loan amount.
4 Up to 125% financing on new for qualified members and up to 125% financing of the NADA Clean retail value on used for qualified borrowers.

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