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Bring us your auto loan and we could reduce your interest rate!

In addition, you won't have to make a payment for 60 days.*

Get Started

When you refinance your vehicle loan with Member One, you can enjoy:

Low rates

Lowering your interest rate can save you money each month

Flexible terms

We'll work with you to extend or shorten your loan term to meet your needs

60 days, no payment needed*

No payments* for the first 2 months after you refinance

I'd Like to Bring My Vehicle Loan to Member One!

Please complete this form and a friendly team member will be in touch with more information.

Auto Loan Information (If Available)

Please do not include confidential account information, personal information (social security numbers, PIN, passwords, etc.), or URLs in your message. A representative will reach out to you and follow up.

Frequently Asked Questions

Auto loan refinancing is replacing your current car loan with a new one—usually to secure a lower interest rate, reduce your monthly payments, or adjust the loan term. When you refinance, your new lender pays off your existing loan, and your auto loan payments are now made to them instead.

The refinancing process typically takes a few days to a couple of weeks, depending on how quickly we receive the required documentation and how fast the application is processed.

It may still be possible to refinance with bad credit, but your options might be limited. If your credit score has improved since you took out your original loan, you're more likely to be offered better terms on your refinanced loan.

Yes. Refinancing involves a credit check, which may cause a small, temporary dip in your credit score; however, if refinancing leads to lower payments or better terms, it could improve your credit score over time by reducing your debt-to-income ratio.

Refinancing might be a good option for you if:

  • Your credit score has improved since originally purchased your vehicle
  • Interest rates have dropped
  • You want to decrease your monthly payments or shorten the length of your loan

You’ll generally need:

  • Proof of income (like pay stubs or tax returns)
  • Vehicle information (VIN, make, model, mileage)
  • Current loan details (balance, payoff amount, lender information)
  • Proof of insurance

Yes. At Member One, membership is required to access our auto refinance loans. The good news is, becoming a member is quick and easy. Click here to begin your membership application!

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Does Your Car Need Extra Protection?

As a member, you're eligible for additional coverage, including:

  • Mechanical Breakdown Protection, or MBP, provides protection against mechanical breakdowns above and beyond the original manufacturer’s warranty.
  • Guaranteed Asset Protection, or GAP, covers the deficiency balance on your loan in the event of a total loss.

Vehicle refinance excludes existing Member One and Virginia Credit Union auto loans.

*This is a deferred payment option. Interest begins to accrue at loan disbursement. Deferred payment options may not apply to all loan products. Discounts/savings based on your current rate at another institution. Any available discounts may be applied to your current APR. Discounts may vary based on loan type and creditworthiness. Discounts are not applicable for home equity, mortgage, credit card loans, or existing Member One or Virginia Credit Union loans. Floor rate is 4.99% APR, effective February 1, 2025. Other restrictions may apply. Programs, rates, terms, and conditions are subject to change without notice. Not all will qualify.

**Alimony, child support, or separate maintenance income need not be revealed if you choose to not to have it considered.

Membership eligibility required. Federally insured by NCUA.

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Become a Member Today!

Experience the credit union difference with great options for every stage of life, modern-day conveniences you expect, and local, personalized service.

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