Refinancing a car can save you money, but only if the timing and numbers make sense. Here’s a clear way to decide when you should refinance your auto loan.

• Interest rates are lower than when you bought your vehicle.
• Your credit score is better.
• Your monthly payment is too high.
• You didn't get a great deal at the dealership.
• You still owe more than the car is worth, but not too much.

APGFCU does not charge refinance fees.

The advertised APR assumes eligibility for an external refinance discount, which is available when the existing loan has been open for a minimum of 180 days. The rates stated reflect approved credit with automated payments from an APGFCU account and may differ based on loan term, model year, and individual credit profile.

For new auto loans, the minimum APR is 4.04%, and the maximum APR is 15.24%. Payment Example 1: A new auto loan of $30,000 for 36 months with automated payments at 4.04% APR would result in a monthly payment of $886.25.

For used auto loans, the minimum APR is 4.19%, and the maximum APR is 16.69%. Payment Example 2: A used auto loan of $20,000 for 36 months with automated payments at 4.19% APR would result in a monthly payment of $592.17.

The payment examples are for illustrative purposes only and are based on the lowest available APR; actual rates and payments may vary.

Yes. Insurance benefits and GAP coverage are available with refinance loans.

At APGFCU, we’ve partnered with over 90 dealerships across Maryland and Delaware to maximize your chances of receiving optimal financing on new and pre-owned vehicles, motorcycles, and RVs. To take advantage of credit union pricing, simply:

1. Choose your vehicle’s make and model
2. Visit a participating dealership as an APGFCU member
3. Negotiate the price and take advantage of any available rebates or discounts
4. Apply for a low-rate credit union auto loan in the dealership — insist on using APGFCU

If approved, the dealership will complete the paperwork and send it to us for funding, while you drive off that day in your new vehicle.

Looking for a better deal on your next vehicle purchase? AutoSMART offers the information and resources you need for a stress-free car-buying experience.