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Auto Refinance

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

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 auto loan that has a lower interest rate or different repayment terms to better suit your budget.

After all, you change your oil regularly. You rotate the tires and top off the fluids. So why not secure the best possible auto loan for your car, truck or SUV? Start fresh with up to 100% financing!

Benefits of a Power Financial Credit Union Auto Refinance

No Payments for 90 Days

Make the most of our up to 90 dsy payment-free period.** 

Save on Interest

A lower rate means you get a lower monthly payment and pay less total interest.

Change Your Term

Shorten your term to get debt-free faster or extend your term to lower your payment.

Easy Approval Process

We'll switch you over in no time so you can start enjoying your savings.

Auto Loan Refinance Rates

Refinance your auto loan with Power Financial Credit Union and you could save hundreds with your lowest new car rate. That's because your auto loan rates are significantly lower than the national average!
 

New Auto Rates

Term APR1 (Rates as low as)
up to 36 months 5.61%
37-60 months 5.74%
61-72 months 5.99%
73-84 months 6.86%
85-96 months 8.61%
 

Used Auto Rates

Term APR1 (Rates as low as)
up to 36 months 5.86%
37-60 months 5.99%
61-72 months 6.24%
73-84 months 7.11%
85-96 months 8.86%

See How Much You Can Save

Use our Auto Loan Calculator to find your monthly payment after you refinance your auto loan.

"Friendly and courteous staff, the right place to go for all your banking needs and their loan rates are hard to beat."

-Francisco O., Miami, Florida



Applying for a Power Financial Credit Union Auto Refinance is Simple!

Step 1

Apply

You can apply online, in-branch or by speaking with one of our trusted advisors.
Step 2

Submit Documents

Provide documents like proof of insurance and vehicle registration to speed up your approval.
Step 3

Start Saving!

Once approved, we'll pay off your previous lender and you can start enjoying your new rate and term.

FAQs About Auto Refinance

Accordion Section

Here's what you could gain when you refinance your auto loan with Power Financial Credit Union:
 
  • 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 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.
  • Extended Loan Term: Get a more affordable car payment to fit your current budget.
We welcome auto loan refinancing because we want you to save as much money as possible. Here's what you need to do:
 
  • Get pre-approved for a Power Financial Credit Union auto loan and compare the rate we offer you with the rate you're currently paying – see how much you can save on interest.
  • Choose a new loan term to get the payment you want and sign the new loan contract.
  • We'll give you the funds to pay off your old car loan and then you start making payments on your new improved loan.
Power Financial Credit Union offers competitive car loan rates based on your credit score and overall financial situation, including your debt-to-income (DTI) ratio.

The better your credit, the lower your rate. Other factors that affect your annual percentage rate (APR) include:
 
  • The loan term you choose (shorter terms get lower rates)
  • Whether your vehicle is new or pre-owned (newer vehicles get lower rates)
Getting auto loan pre-approval allows you to compare your current loan with the rates and terms you're likely to get with your new auto loan:
 
  • Find out what APR you're likely to get.
  • Find out what term will be best for you, depending on your goals.
  • Decide if you want to go ahead with the refinance.
Any member of Power Financial Credit Union is welcome to apply for an auto loan.

Our membership consists of those who: live, work or go to school in Broward, Charlotte, Collier, Lee, Martin, Miami-Dade, Monroe, Palm Beach County, Hillsborough, Manatee, Pinellas, Sarasota or St. Lucie counties.

Immediate family of all current members are also eligible to join.

We are also proud to offer membership to our Select Employee Groups. Employees of Ryder System, Inc. FPL/NextEra Energy, and members and employees of Bonefish & Tarpon Trust, no matter where they are located, are always welcome to join.

Protect Your Vehicle and Your Auto Loan

Auto Insurance

We've partnered with Travelers and TruStage so you get to choose which auto insurance works best for your needs. Enjoy member discounts, 24/7 claims service, and easy payments.

GAP Insurance

Guaranteed Asset Protection (GAP) insurance covers the difference between your insurance and loan in case of a serious accident. Plus,members get a discount.

Mechanical Breakdown Protection

Whether you have a new or pre-owned vehicle, there's no reason repairs should break your budget. Extend your warranty, get roadside service, and more.

Depreciation Protection Waiver

Protect your vehicle's equity and ensure you are not caught with an outstanding loan balance if your car is totaled.

Page Disclaimers

New Auto Rates: 1Eligibility for the lowest rate is based on credit worthiness, year of vehicle, ability to repay, credit score, down payment and loan to value. Example: With a 66-month, $20,000 auto loan at 5.24% APR, you would make 66 monthly payment of $349.45. Interest rates include a .25% discount for automatic payment from your Power Financial Credit Union account and a .25% discount for previous Power Financial Credit Union borrowers. Other conditions may apply. Rates are subject to change at any time. New Autos are defined as current and prior year models that have never been titled. Minimum loan amount of $7,501 to qualify for lowest advertised rate.

Used Auto Rates: 1Eligibility for the lowest rate is based on credit worthiness, year of vehicle, ability to repay, credit score, down payment and loan to value. Example: With a 66-month, $20,000 auto loan at 5.49% APR, you would make 66 monthly payment of $351.77. 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 Power Financial Credit Union account and a .25% discount for previous Power Financial Credit Union borrowers. Other conditions may apply. Rates are subject to change at any time. Minimum loan amount of $7,501 to qualify for lowest advertised rate.

**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.