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Auto Refinancing

Keep your car. Trade your loan.

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Refinance Today and Start Saving!

Move your car loan to DCU

  • Lower your payment
  • Lower your rate

Moving your car loan to DCU could cut your payment

In today's economy, every dollar that you save counts. Wouldn't you like to reduce the monthly cost of owning a car? With Auto Refinancing, DCU could lower your monthly payment.

How does Auto Refinancing work?

We can usually save you money one or two ways...

  1. Lower your interest rate – We often find people were given a higher rate than they deserved at another institution or dealership – especially on used cars.
  2. Spread out your remaining balance – We can spread out what's left on your loan so each monthly payment is smaller.

Whether you opt for a smaller monthly payment or to pay off your loan faster, you can save a bundle on your monthly expenses.

Let us evaluate your current loan

We'll look at...

  1. The make and model of the vehicle
  2. The remaining loan balance
  3. The current monthly payment and interest rate
  4. The original number of payments and how many you have left
  5. The name, address, telephone number, and loan account number for your current lender (most of this information will be in your loan coupon book or statement)

From that, we'll be able to estimate how much you'll save. Your actual savings will depend on your personal credit history, account relationship, and repayment method.

You can always expect an honest evaluation from DCU

If we can't reduce your payment, we'll let you know. Our vision is that All members achieve their financial goals. We want to ensure you get a good deal...even if you already have it. It's worth a few moments to find out how much we can help you.

How can we offer such a good deal?

Because our auto loans are already a great value...

  • New or used vehicles at the same low rates – Car dealers and most institutions often charge you more for used – some 20% or more.
  • Borrow for cars, trucks, or vans – Borrow to buy your next vehicle or refinance the one you drive.
  • Great rates and affordable payments – Finance up to 84 months. The longer the loan term, the lower your monthly payment.
  • Borrow up to 120% of Price – Qualified borrowers can finance up to 120% of NADA retail book value or 120% of the purchase price – whichever is less, PLUS DCU GAP and DCU Warranty. DCU will only finance over 100% when it's DCU's GAP and Warranty, not dealer add-ons.
  • Save with Plus and Relationship benefits and electronic payment – Save on rates when you qualify for Plus and Relationship benefits on your DCU Checking Account and make payments electronically (payment by transfer in Online Banking, Mobile Banking, Easy Touch Telephone Teller, DCU ATM, or internal DCU automatic transfers). Add 0.50% to rate for other payment methods.

Auto Loan Refinancing Rates*

Our Best Rates*
Terms / Features Annual Percentage Rate
(APR)
Estimated Monthly Payment
Per $1,000 Financed
Auto Loan Calculator
Up to 36 months 3.74% $29.41
Up to 48 months 3.74% $22.46
Up to 65 months 3.74% $17.02
Up to 72 months 4.74% $15.98
Up to 84 months 6.24% $14.72

Rates are effective .

*Rates are determined by your personal credit history, loan term, account relationship, and payment method. Rates listed are for both new and used auto loans with terms of up to 84 months and are subject to change at any time. Rates and terms on loans for other types of vehicles (i.e. commercial, mobility, classic and antique, motorcycles, RVs and boats) will differ. Please view the applicable product details.

Auto Refinancing is rated 4.8 out of 5 by 5294.
Rated 5 out of 5 by from SECOND CHANCE AUTO This product is fast, quick and simple. The representative Cruzador at the Worcester DCU has been nice. She took her time to explain about the products. I recommend the credit card and auto loan!!!
Date published: 2018-10-21
Rated 5 out of 5 by from The whole process was so easy, and every customer service representative was extremely helpful. The whole process was so easy, and every customer service representative was extremely helpful.
Date published: 2018-10-21
Rated 5 out of 5 by from quick and easy online application was easy to use communications were detailed the only recommendation is to make it easier t o upload more than one document per space
Date published: 2018-10-21
Rated 5 out of 5 by from I am very happy about the auto loan process. I am very happy about the process. This is my 4th auto loan with DCU. The process is very simple, the representatives and loan officers are very courteous and supportive. When I submitted the application to the time the loan put into my checking account, the entire process is stream line.
Date published: 2018-10-20
Rated 5 out of 5 by from Auto-Loan I applied for Auto loan refinance. Overall service has been excellent
Date published: 2018-10-20
Rated 5 out of 5 by from I love DCU I had to wait a few years to build up my credit score which meant high interest loans and couldn't wait to have my score high enough to refinance with DCU. I've been a member for a long time and knew how good their products were so as soon as I could I refinanced with them. It was the simplest transaction I have ever had. The rate was good, service was as awesome as it always is and the speediness of being approved and having my new loan was beyond anything I could ask for! I love DCU!
Date published: 2018-10-20
Rated 5 out of 5 by from The loan process was professional and easy This wasn't the loan I first applied for. The loan agent recommended this loan as my best option. She was right. I appreciate her research and I'm happy with the loan.
Date published: 2018-10-20
Rated 5 out of 5 by from Easy and friendly I have been with DCU over 6 years, I love their support and low interest on loans.
Date published: 2018-10-20
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Request for auto loan

Hi, I recently moved to US from India in H1B. I do not have a credit score yet. I am planning to get a car for my daily use. My budget is 5000$ TO 10000$. Please let me know if DCU be able to provide me an auto loan and if so how much can DCU provide me over the price of the car.
Asked by: Arun
Hi Arun, You can contact DCU Customer Service with contact details mentioned on website, DCU executive will ask you for the standard details like requirement, Address, Social proof, Offer letter if pay stubs are not yet generated. Once you have all the documents, you loan approval and processing will not take more than 5 days. In my case it was disbursed and received by me on third day.
Answered by: Vinay
Date published: 2017-03-04

Does applying for a 2nd chance auto loan affect your credit score and/or put a hard inquiry on your credit?

Asked by: Gwen
Any time you request a "loan" from most institution they will hard pull you, even those that say they soft pull, eventually will make a hard pull upon approving the loans. Some may qualify you with a soft pull but still will do a hard when you go through with the actual loan. Every inquiry and new account will affect your credit because that's just how it is designed by the Bureaus and not set by the banks. Depending on a lot of factors the amount of affect will depends if you have superior credit it may not do much but if you have weak credit it may affect it much more until it ages and you pay on it on time.
Answered by: Danny
Date published: 2017-02-18

Used car loan

Hi, I am in US past 10 months on my H1 and getting decent pay and my salary account with BOA, i am thinking for get used car around 10k and i am able to find used car,however when i tried to get loan from BOA, they rejected loan and i am sure it will effect to credit history and I have decent credit score 677 not bad for 10 months old person in US i believe, now please let me know if i get autoloan in from DCU.
Asked by: Karun
First, do not disclose your credit score to anyone except banks or authorised places. This score Is not to be disclosed in such forums. You can call dcu customer care and speak to loan expert officers and they will help. They are very polite and helpful to explain in details about the product and Answer your queries.
Answered by: gautam
Date published: 2017-03-25

Can I refinance a loan that is funded by DCU?

My original loan is funded by DCU at a higher rate. Can i refinance and take advantage of a new lower rate?
Asked by: trojan
Yeah you can refinance
Answered by: Sai
Date published: 2017-08-26

Is there any limit to how old a car can be to get a second chance loan?

Asked by: MW
There is no limit, but DCU checks the history of the car that you wish to buy before issuing loan amount.
Answered by: charchi
Date published: 2017-02-04
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It's easy to apply for DCU Auto Refinancing

  1. Apply Online
  2. By Phone
    Call 508.263.6700 and press 3
  3. Visit a DCU Branch