Auto Loan Refinancing 101
Do you currently have your vehicle loan financed with a different financial institution? If so, refinancing your auto
loan to Launch CU could save you big bucks. An auto refinance with Launch CU can help you get to where you are going, with payments you can afford.
Six Reasons You Should Think About Auto Refinancing
1.) Increasing Or Decreasing Your Loan
By refinancing to Launch CU you may be able to select a different term and payment option to better suite your individual needs.
2.) Lowering Your Interest Rate
Refinancing your auto loan to Launch CU could help you save money each month by reducing your monthly payments
3.) Fixed Rate
You can benefit from consistent monthly payments with a fixed rate. A fixed rate means that you pay the same amount each month, and you will never get penalized for paying off your loan early.
4.) Digital Tools
Another reasons to consider refinancing to another lender because of their progressive digital tools. It becomes immensely easier to pay your monthly payment when you can simply transfer money from one account to another through Launch CU’s Digital Banking.
5.) Lower Monthly Payments
Refinancing your auto loan to Launch CU could help you save money each month by reducing your monthly payments.
6.) In-House Refinancing
Have peace of mind knowing that all Launch CU loans are financed in-house. This means you’ll specifically deal with us when it comes to your loan.
Is Auto Refinancing Right For You?
- Your interest rate is much higher than current rates. Chances are you can probably get a lower rate by refinancing your car. Since interest rates directly impacts monthly payments, it is something that should be considered.
- Your credit score has improved. If your credit score has improved since you took out your original car loan, you could save money by refinancing your vehicle loan to Launch CU.
~ You are in a lengthy loan term. If you are currently in a long lone term, five-to-eight- year term, you would be an excellent candidate for an auto refinance.
~ If you have your auto loan with any other financial institution, we would love to speak with you about how refinancing your vehicle loan to Launch CU could save you money. At Launch CU, our goal is to help you to go beyond and reach your financial goals. Let us help you get to where you are going for less.