Refinancing is quick and easy:
Apply Online, in person or by phone
Answer a few questions from a loan officer
Bring in your vehicle title, sign a few papers and you’re all set!*
Why Refinance?
Lower your interest rate ²
Potentially lower your monthly car payment
Bring your loan to a local, trusted financial institution where it’s easy to talk to someone
No application or processing fees
Up to 125% financing on new and used autos
Terms up to 84 months
Loan Protection Options
Real Member Reviews: Refinancing Locally Pays Off
Join the NCU members who trust us with their auto refinancing!
Today’s Auto Purchase and Refinance Loan Rates
| Loan Type | Terms | APR | Monthly Payment per $1000 borrowed - Maximum Term |
|---|---|---|---|
| New & Used Auto Loan | Up to 84 Months | Starting at 4.99% to 17.00% | $14.11 - $20.44 |
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. Effective 12/1/2025
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.
FAQs
Can I refinance my vehicle with NCU?
Yes*. Northwoods Credit Union offers auto loan refinancing for members who want to lower their monthly payment, adjust their loan term, or save on interest. Our team will review your current loan and help you determine if credit union refinancing is a good fit for your financial goals. To get started, simply apply online or reach out to one of our loan officers. ²
Why refinance an auto loan with a credit union?
Many borrowers choose credit union refinancing for personalized service, competitive rates, and local decision-making.
Can I refinance a loan from another lender?
Yes*. Northwoods Credit Union can refinance auto loans currently held at other banks, dealerships, or lenders.
Debt Protection
Protecting your loan payments against death, disability, or involuntary unemployment could help protect your finances. Download our info packet to learn more.
GAP Coverage
GAP coverage can help fill the gap between what your vehicle’s insurance pays and what you owe on your loan to help cushion you against sudden expenses if your vehicle is totaled. Download our info packet to learn more.
Credit Union Auto Loan Rates in Northern Minnesota – Find Yours Now!
We offer competitive auto loan rates across Northern Minnesota, with branch locations in Cloquet, Moose Lake, and Floodwood. Whether you’re looking for a new truck or car, our local team is here to help you find the best financing option for your needs. Get personalized service and great rates at any of our branches or right here online.
Ready to see how much you could save? Check out our auto loan rates or use our financial calculator to estimate your monthly payments.
*Not all applicants will be approved for a loan refinance.