Park my rate
Rates as low as 7.00% APR1
Terms up to 72 months
No payments for 60 days
Park My Rate
A Lower Rate Can Make a Real Difference
Balance
$30,000
$30,000
Term
60 months
60 months
APR
14.00%
7.00%
Approx. Monthly Payment
$698
$594
Approx. Monthly Difference
$104/month
That’s about $1,248 back in the budget over 12 months.
Illustrative example only and not an offer of credit. Actual rate, payment, and savings will depend on loan balance, creditworthiness, qualifications, and approved refinance terms. Not all applicants will qualify for the lowest advertised rate.
Refinancing Your Car Doesn’t Mean Replacing Your Car
Start securely online when it works for you—day or night.
We’ll review your application to determine what refinance options you qualify for.
If approved and funded, Democracy FCU pays off the eligible auto loan with your current lender and you begin making your new payment to Democracy FCU.
Time is money; don’t waste either.
Lower your rate to put more money in your pocket for bills, savings, or simply to reset your monthly cash flow. Refinancing can provide more than a different rate.
Help Protect Your Loan Payments Against the Unexpected*
Life doesn’t always go as planned. Member’s Choice™ Borrower Security is optional debt protection that may cancel or reduce your eligible loan balance or payments, up to contract maximums, if a covered event such as death, disability, or involuntary unemployment occurs.
Frequently Asked Questions
1 APR = Annual Percentage Rate. Rates, terms and conditions are subject to change and may vary based on creditworthiness and qualifications. Minimum rate offered is 7.00%, regardless of your current loan rate. Maximum payment example: $60,000 for 72 months at 7.00% APR equals payments of $1,023.07 per month. Certain restrictions apply. Cannot be combined with any other discounts. Vehicle must be model year 2018 or newer. Does not apply to current Democracy FCU auto loans.
*These products are optional. Insurance products are not a deposit or obligation of or guaranteed by Democracy FCU or its affiliates. These products are not underwritten, issued, insured, or guaranteed by NCUA or any agency of the federal government. Your credit approval cannot be conditioned on whether you purchase any of these insurance products. You may choose to obtain insurance from an entity not affiliated with Democracy FCU.