How to Refinance an Auto or Vehicle Loan

If you haven’t already, now is a great time to consider refinancing an auto or vehicle loan. Interest rates are low and you could save money by reducing your monthly payment. To make the refinancing process as smooth as possible, you’ll want to follow these simple steps:

1. Review the Details of Your Current Loan

Before anything else, you should check how much is left to pay on your loan, what your interest rate is, and if there are any fees for paying it off early. If you don’t know, you can probably find this information in your Online Banking.

2. Gather Your Documents

To refinance your vehicle loan, you will want to be prepared with any necessary documents. At Wheelhouse, you will need:

  • Vehicle Registration
  • Current Auto Loan Statement
  • Proof of Insurance
  • Income verification may be required
3. See How Much You Can Save

Use our vehicle loan calculators to compare auto loans and see how much you can save. Consider if a lower rate or a longer term is your best option. You can view Wheelhouse’s auto loan rates here. Lastly, you’ll also want to be aware of any small fees that may be associated with transferring the loan.

4. Apply for a Vehicle Loan

Visit the financial institution you want to refinance with to start the refinancing process. Wheelhouse makes it easy with a 3-step online application. Of course, if you wish to apply in-person or over the phone, you may do so as well.

Interested in using your refinance to get cash out? Learn how today.


You are leaving Wheelhouse® Credit Union’s website. Links that may be accessed via this site are for the convenience of informational purposes only. Any products and services accessed through this link are not provided or guaranteed by Wheelhouse® Credit Union. The site you are about to visit may have a privacy policy that is different than Wheelhouse® Credit Union’s. Please review their privacy policy. Wheelhouse® Credit Union does not endorse the content contained in these sites, nor the organizations publishing those sites, and hereby disclaims any responsibility for such content.

Cancel Accept