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3 Reasons To Refinance Your Auto Loan

Updated: January 7, 2025

Refinancing your auto loan might be one of the smartest financial decisions you can make, especially if you’ve had your car loan for a while. Whether you’re looking to reduce your monthly payments, secure a lower interest rate, or pay off your loan faster, refinancing offers several benefits that can help you take control of your finances. In this blog, we’ll explore the top reasons why refinancing your auto loan might be a great move and how it can lead to long-term savings and financial flexibility.

1. Lower Monthly Payments 

Refinancing your auto loan can significantly lower your monthly payments, putting some extra money in your wallet! By securing a lower interest rate or extending your loan term, you can reduce what you owe each month, freeing up funds for additional bills, credit card payments, or even savings. Use that extra money to improve your financial health by investing in your future, paying down higher-interest debt, or building an emergency fund
White, toy car on top of a calculator
Calendar with a date circled that says "payment due!"

2. Consistent Monthly Payments 

At Launch CU we believe in personalized service. Through our Digital Banking app, you can automate your payments to make paying off your loan a breeze. 

3. In-House Refinancing 

If you are in the market for a new car, or are looking to refinance your current auto loan, we can help! No matter where you want to go, and how you want to get there, we can make it happen. Launch CU offers great, LOW vehicle loan rates with flexible terms. If you currently have an auto loan with a different financial institution, call us to see how we can save you money! Applying online for your auto loan is easier than ever with our web loan application. You don’t even need to be a member to apply online or over the phone 321-456-5441 (inside Brevard) or 800-662-5257 (outside Brevard).

Person holding their keys up inside of a white car

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Visit any branch location to open your account. For questions call 321-455-9400 (inside Brevard) or 800-662-5257 (outside Brevard).
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