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DCU Routing Number: 211391825

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Refinance Your Auto Loan

Lower your rate, payment or both when you refinance.


Membership Required

Please note, membership is required to accept a DCU vehicle loan. For more information about membership eligibility click here.

What to Look for in an Auto Loan Refinance

Your car loan might have seemed like a good deal when you first got it. But if interest rates have changed or your credit has improved, you might be ready to trade in your current loan for a new one. But what do you even look for when choosing a refinancing option? Here are 3 traits to consider as you explore auto loan refinancing options:

  • A good interest rate. This is pretty self-explanatory. When loan rates are trending downward, you’re sure to see some great rates being advertised. However, you should remember that advertised rates are typically the best rates offered. If your credit isn’t top tier, you should expect your final rate to be higher. Additionally, the advertised rates may also reflect conditional discounts. For example, at DCU, members with Plus and Relationship level benefits receive a 0.50% discount on auto loan rates. You might not know the interest rate with certainty until you submit an application and the lender checks your credit history.
  • Low or no fees. A refinance offer might seem great when looking at the rate alone. But are there any hidden fees attached? Look over the loan’s fine print for a full explanation of any lender fees, title fees or origination fees. You should also see if the lender charges a prepayment penalty and determine if you will be subject to prepayment fees from your current lender.
  • A loan length that fits your needs. If you’re hoping to reduce your monthly payment, then a longer term length might be right for you. But if you’re trying to pay less overall on your car loan, then it’s best to shorten your term. Be sure the offer you’re viewing matches your current and future needs. If you are considering an extension to your loan’s term, make sure you don’t owe more than your vehicle’s value. This is referred to as being “upside-down” or “underwater”. If your vehicle were to be totaled and you were upside-down on your auto loan, your insurance may not cover the full amount and you’d be stuck paying the difference.

Get a Better Loan

Make the switch to a DCU Auto Refinance Loan to enjoy lower rates and flexible terms. Plus, make no car payments for 60 days.

Please note, membership is required to accept a DCU vehicle loan.

This article is for informational purposes only. It is not intended to serve as legal, financial, investment or tax advice or indicate that a specific DCU product or service is right for you. For specific advice about your unique circumstances, you may wish to consult a financial professional.