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Auto Refinancing

Get a better Car Loan with TEGFCU Auto Refinancing

Love your car but hate the payment? Why not refinance your car loan? Move your car loan from another lender to TEGFCU and say hello to lower payments with better rates that put you on the road to savings!

TEGFCU is here to help make payments more manageable with a lower rate and/or flexible term. Auto Loan Refinancing from TEGFCU provides multiple benefits, including:

No application fees

Loan discounts with automatic payments

Flexible terms up to 84 months

Financing up to 135% for qualified buyers

No prepayment penalties

Couple examines paperwork

If you’ve only had your vehicle for a short time, you may think it’s too early to refinance. But if you can get a lower rate, the sooner you refinance, the more you’ll save. Consider Auto Refinancing if you:

  • Didn’t get the best available rate when you took out your original car loan
  • Improved your financial situation or credit score
  • Want to extend your repayment terms to reduce your monthly expenses

Calculator icon

Estimate your monthly car payments with financing from TEGFCU.


.25% Rate Discount

Auto Loan Refinance FAQs

Does TEGFCU charge an application fee for an auto loan refinance?

There is no application fee when you apply to refinance an existing car loan.

Do I need to be a TEGFCU member to refinance a car loan here?

Yes, you need to be a member to take advantage of great rates on an auto loan refinance through us. Fortunately, becoming a member1 is easy. You can apply online to open an account and get started today.

What are my options for automatic payments?

If you’d like to avoid the hassle of a late or skipped payment, you can schedule automatic regular loan payments right from our online banking or mobile banking app. Just click on Options and select Visit Bill Pay Site on the Bill Pay screen. Next, select your auto-pay recipient, then click on the Options prompt and select Setup Auto-Pay. From there, just complete each required field and save your answers.

How can I figure out how much my monthly payments will be?

Our monthly payment calculator will provide a general idea. Applying for a loan gives you the exact amount plus the bargaining power of auto loan pre-approval.

Is there any way I can set up reminders so I don’t miss a loan payment?

Absolutely. Set up Account Alerts so you never miss a payment or get notified if a payment is past due. It’s a simple, effective way to stay on top of your budgeting and money management strategy via text messages.

Can I make loan payments from an outside financial institution?

Yes, it’s called an external funds transfer, and you can send money from an outside account to your TEGFCU accounts at no charge. We also make it easy to switch your accounts to TEGFCU with ClickSWITCH.2

What happens when I pay off my loan?

Once you’ve paid off your auto loan, we’ll mail you a Satisfaction of Lien document within 10 business days.

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