Same Car. Lower Payments.
Refinancing can lower your monthly payment or give you flexibility in how much you finance. CRCU can refinance your auto loan from another financial institution, from CRCU, and even the loan you got at a dealership. With low rates and flexible terms, we’ll steer you to a loan you’ll love.
- Competitive interest rates
- Discounts available
- Little- to no-money-down options with 100% financing available
- No hidden fees
- No early payoff penalties
- New auto terms up to 84 months* available for payments customized to your needs
- Flexible due dates to fit your schedule
- Refinancing for new and used vehicles
Benefits/Good to Know
Some Good to Knows
- We only refinance the current balance, not the original balance
- Insurance must include deductibles not to exceed $1,005
- Original signatures are required on the title applications and Power of Attorneys for title work
- The title office charges $33.00 to add our lien to your title
- To expedite your application, bring your payment coupon to obtain an accurate 20-day payoff on your existing loan
- Credit Life/Disability Insurance is available for your vehicle loan
- GAP Insurance is available for $495. This helps pay off your remaining loan balance if your auto is stolen or damaged and is deemed to be a total loss.
- Extended warranty protection is available
Reasons to refinance your vehicle.
- You may be able to lower your monthly vehicle payment with a lower interest rate, a longer loan term, or both.
- You want a lower interest rate. Especially if your credit score has since improved, we can help you refinance into a lower interest rate auto loan.
- With a longer loan term, you have more time to pay back the loan and monthly payments could be smaller.
Be Prepared
Before you apply, be sure to gather the following:
- Employment information (including employer name and contact information)
- Proof of income (pay check stub or W2)
- Information about the vehicle (make, model, year, mileage, and VIN) or collateral
Prior to loan closing, be sure to:
- Contact your insurance agent to add new lien information and retrieve a binder
- Insurance binder with lienholder information listed as:
Community Resource Credit Union
P.O. Box 3181
Baytown, TX 77522
- Sign your loan documents in person – or electronically with our online application
For loan closing, please:
- Present the vehicle for a visual inspection, if applicable
- Obtain the 20-day payoff from your financial institution with account number and payoff address
- Bring a current state-issued photo ID (all parties)
Tools to buy or refinance your ride:
Auto Loan Calculator
Estimate your monthly car payment.
GAP Insurance Available
Save on dealer pricing with GAP insurance.
Two skip-a-pays every year
Skip a loan payment at your convenience.
Auto Loan
Rates
Browse all current auto loan rates.
The Process
Need Assistance?
For personal help with your loan application, drop by your neighborhood CRCU branch or give us a call at (800) 238-3228.
*Not available to refinance an existing CRCU auto loan. Your rate will be fixed. Certain terms, conditions, and / or discounts may apply. Other rates and terms available. May not be combined with other offers. All loans and rates are subject to credit approval and some restrictions may apply, including qualifying for a discounted rate. Subject to mileage and vehicle age limitations. A vehicle is considered new when the model is current calendar year, next year so long as the mileage does not exceed 7,500 miles. New or used purchase loans do not qualify. Approval subject to complete underwriting criteria. Subject to mileage and vehicle age limitations. CRCU finances up to 120% of MSRP (new vehicles) or the NADA Retail value (used vehicles). Maximum loan to value (LTV) is 120% including tax, license and fees. Maximum LTV is subject to approval and certain restrictions may apply. The minimum approved loan amount is $500.00. View rates page to view all disclosure & rates. Offer subject to change or cancellation without notice. CRCU Membership required. Contact us for details.
FAQs
Will the financial institution mail me the title?
No, it is usually mailed to CRCU for processing of the lien. If they do happen to mail you the title, please bring it in to any of our branches.
Will the loan be based on the total or current balance?
It is based on the current loan payoff, which is the current balance plus interest for a few days.
Can I refinance if my vehicle if it's been wrecked and has a dent in the bumper?
We do not finance autos with salvage, reconditioned, or branded titles.
How long do I have to wait before refinancing my vehicle?
Please allow one to two months for the dealership to complete your title transfer process before we can refinance.
How does my loan get paid off? Will the funds get sent overnight?
Upon closing your loan at CRCU, a check will be mailed to the institution within one business day. Typically, the check is not sent overnight unless it is specially requested. An overnight fee may apply.
Can I refinance a leased car?
Please check with your Lessee. They will provide you with further instructions on purchasing your lease.
Can I refinance my current CRCU auto?
Typically, we do not allow CRCU loans to be refinanced. Please visit a personal financial officer for options available.
How much does it cost to refinance my current CRCU auto?
Typically, we do not allow CRCU loans to be refinanced. Please visit a personal financial officer for options available.