*APR = Annual Percentage Rate. 1.99% APR, for 60-months is our preferred member rate for new or used but not all members will qualify. We have also lowered all other auto loan rates and these rates and terms may apply based on qualifications, credit worthiness and collateral conditions. Other restrictions may apply. Our rates have been reduced to put more money in your pocket, see us today to see how much you can save on your next purchase or by refinancing an existing auto loan from another lender. Unlike other financial institutions, there is no fee to apply and no refinance fee.
A look under the hood
Depending on various aspects, such as where you got your vehicle financed, your credit score at the time, down payment and more, various aspects of your loan could use some improvement at this point.
When you refinance your vehicle, you replace your current vehicle loan with a new one of different terms. Basically, vehicle refinancing is the process of paying off your current car loan with a new one, usually from a new lender. Most of us refinance to save money. Some wish to focus on lowering their monthly payments. Others want to reduce their interest rates or adjust their loan term lengths to pay off the loan faster and save more money.
Ways to save
1. Lower Your Monthly Payments
Vehicle loan refinancing can lower your monthly payments depending on the rate you currently have to what another lender can offer. This can have an immediate impact on a household’s monthly finances.
2. Lower Your Interest Rate
If we lower your interest, you’ll also reduce your monthly payments, because the amount owed is being reduced.
3. Change the length of your loan
Refinancing with an aim to change your loan term lengths can lower monthly payments by just changing how many months over which you pay for your loan amount.
Refinance with Edwards!
Some of the many benefits of an auto loan from Edwards FCU:
- NO application fees!
- Low monthly payments.
- Competitive interest rates.
- Flexible terms up to 84 months*.
- No pre-payment penalty.
- Convenient payment options online, by mail, through payroll deduction, or with automatic direct deposit.
* 84 month terms available for loan amounts of $30,000+; Edwards members must reside in California to purchase through Autoland
Rates and terms are available based on credit rating and vehicle value. All loans are based on approved credit and we reserve the right to decline credit. Please call or check our Rates Page for additional information. Comprehensive, collision, and liability insurance coverage is required with deductibles of no more than $500. The vehicle title and insurance coverage must show Edwards FCU as the legal owner. The named person must sign all documentation required by Edwards FCU to allow the transfer.