Map out a Lower Auto Rate
Refinance your vehicle loan here
Calculate your auto refinance payment
Today's Rate
New & Used Auto Loans
As low as
Why refinance your auto loan?
Consider refinancing if you:- Have improved your credit score.
- Want a lower payment or interest rate.
- Are experiencing financial hardship.
- Want to pay off your loan faster.
- Need to remove a cosigner.
Mountain America auto loans feature:
- No application fees
- Terms up to 6 years²
- Rewards points and rates as low as % APR (OAC) with MyStyle® Checking
Auto loan refinance calculator
See if you could save money on your monthly payment using our free auto refinance calculator.
Apply now
What happens when I refinance?
- Mountain America will collect documents like your ID, proof of insurance and current loan information.
- We’ll review your credit history and process your application.
- Once you’re approved, we’ll pay off your old loan, and you’ll begin making your new monthly payments.
Get your low-rate new or used auto loan
Apply online or at a local branch. Or ask for Mountain America financing at the dealership.Apply online
Auto loan refinance FAQs
What is auto loan refinancing?
When you refinance your auto loan, the lender will pay off and close out your old loan. Your balance will then be transferred to a new loan which allows you to change the interest rate, monthly payment and/or term.
Do I need to be a Mountain America Credit Union member to get my auto loan refinanced?
You don’t need to be a member to start an application. However, you’ll need to qualify for membership to complete the process.
What is a good interest rate on a car?
Rates will vary and depend on several factors related to your financial history, loan amount and term. Your credit score, income and debts will be assessed to determine the interest rate you receive. Check our rates page for current rates.
Does refinancing a car cost money?
No, Mountain America does not charge any fees to refinance.
Example: Refinance an auto loan
See how refinancing your loan at a lower rate could lower your payment and save on interest.
| $25,000 loan (60 month term)3 | Existing loan | New loan | |
|---|---|---|---|
| Interest rate | |||
| Interest rate (APR) | 7% | % | |
| Monthly payment | |||
| Monthly payment | $495 | $452 ($43 savings) | |
| Interest over life of loan | |||
| Interest over life of loan | $4,702 | $2,114 ($2,589 savings) | |
Before
You have a $25,000 auto loan at another financial institution at 7% interest for 60 months. The monthly payment is $495. Over the life of the loan, you will pay $4,702 in interest.
After
You refinance your loan at Mountain America and qualify for a rate of 3.24% for 60 months. The new loan payment would be $452 and the interest paid over the life of the loan would be $2,113.
You would save $43 per month and $2,589 in interest.³
2. Annual percentage rate. Loans on approved credit. Actual APR based on credit worthiness. See current rates and terms. Membership required–based on eligibility. Advertised rate includes 0.25% discount for MyStyle Checking.
