Refinance Your Ride and Save 

Consider driving down your monthly auto payments to create some extra space in your budget.

Looking to get on the fast track to lower monthly expenses? Refinancing your car could help get you a lower rate on your auto payments – and create a little extra breathing room in your budget. 

When it comes to auto refinancing, credit unions are known for providing better rates and services than most commercial banks.  And at Arkansas Federal Credit Union, we make the process easy. Keep reading to learn more about when it would benefit you to refinance your car – and why it would benefit you to choose Arkansas Federal to do it. 

Why refinance? 

When you choose to refinance your vehicle, you’re essentially taking out a new loan to pay off the original one, then repaying the new loan at a potentially lower rate. While refinancing isn’t recommended for everyone, there are circumstances where it can benefit you.  

Refinancing your car could also give you a chance to extend your loan term, which can drive down your monthly payments and create some extra space in your budget. 

You might consider refinancing your car if: 

• You’re looking to lower your payments and add some wiggle room to your monthly budget  
  
• Refinancing can give you a lower rate than the one you currently pay 

• Your credit score has improved

Why choose a credit union?

Because credit unions are not-for-profit, our focus is on creating the best experience for our members – not stockholders. This is reflected in our rates, our services, and no hidden fees, so refinancing your car with a credit union could be better for you in the long run. 

Just a few of the perks of refinancing with Arkansas Federal: 

• Refi now, pay later – Enjoy up to 90 days before your first payment is due.Interest continues to accrue during the deferred payment and credit score determines rate. First payments may be due up to 90 days from the date of the signed contract. Use that time to catch up on bills or set a little cash aside for a big financial goal. 

• Lower rates – Our competitive rates and terms could result in lower monthly car payments for you – which, in turn, can create some extra space in your overall budget.

• $0 application fee – There’s no cost to apply and no origination or pre-payment penalty fees. 

Ready to hit the road? If you think refinancing could be the right move for you, you can get started today. Talk with one of our auto refinance experts – they can help find the solution that works best for you.