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Auto Refinance

Your old auto loan? It's time for a tune-up.

You change your oil regularly. Rotate the tires and top off the fluids. So what else can you do for your car, truck or SUV? Make sure it has the best financing possible so you aren’t overpaying.

At Power Financial Credit Union, we'll roll up our sleeves and take a close look at your current auto loan from another lender. We might be able to save you hundreds by fixing you up with a new loan that has a lower interest rate or different repayment terms.

Benefits of refinancing with PFCU

  • Low fixed rates*
  • Easy approval process  
  • Up to 100% financing
  • Make no payment for up to 90 days**
  • Skip-a-Payment program available

Why refinance your auto loan

Reduced Car Payment
  • You might be able to save hundreds over the life of your loan with a lower interest rate.
Lower Interest Rate
  • A lower interest rate will lower your monthly payment, plus you’ll pay less interest over the life of the loan.
Shortened Loan Term
  • Pay off your loan faster and pay less interest overall.

What is the process?

Apply Submit documents
  • We will need a few documents such as proof of insurance, vehicle registration, etc. to speed up your approval.
Start saving
  • Once approved, we’ll pay off your previous lender and you can start enjoying your savings.
It’s that simple. Your auto refinance is done!

Protect your investment

After your home, your car, truck, minivan or SUV is probably your biggest financial investment. Make sure you give it the protection it deserves. Take advantage of member-only auto insurance discounts.
  For questions on if refinancing your auto loan from another institution makes sense for you, call 800-548-5465 and one of our trusted advisors will walk you through each step. 

Page Disclaimers

*APR = Annual Percentage Rate. Eligibility for the lowest rate which is stated above is based on credit worthiness, year of vehicle, ability to repay, credit score, down payment, term of loan and year of vehicle. Loans must currently be with another financial institution. Minimum loan amount of $7,500 to qualify for the lowest advertised rate of 3.11% APR. Example: With a 66-month, $20,000 auto loan at 3.49% APR, you would make 66 monthly payment of $333.48. A fee of $350 will be charged when an existing Power Financial Credit Union auto loan is being refinanced. Interest rates include a .25% discount for automatic payment from your PFCU account and a .25% discount for previous PFCU borrowers. Cannot be combined with any other offer. Other conditions may apply. Rates are subject to change at any time.

**Members may enjoy no payments for up to 90 days from the date the contract is funded. Finance charges begin on the date the loan is made and interest accrues during payment deferral period. Other conditions may apply.

Power Financial Credit Union serves members across South Florida with 8 full-service branches and offers convenient account access from anywhere using its secure Online Banking and highly-rated Mobile App.