Drive with savings for the life of your auto loan.
Rates this low don’t come around often. And when they’re as low as 0.99% APR¹, the time to refinance or purchase couldn’t be better. You’ll keep more money in your pocket for the life of your auto loan. On top of that, you don’t have to make a single payment for your first 90 days².
Time to feel the breeze, not the payments.
Should I refinance my auto loan?
If you’re still unsure of how a simple process like refinancing your auto loan with Credit Union of New Jersey can save you money, then sit back. Our experts break down auto refinancing in easy-to-understand facts, so you can determine if this money-saving move is right for you.Learn more
Here's what we're talking about:
- Borrow up to 115% of the vehicle's value
- Put as little as $0 down
- Get super competitive rates with terms up to 84 months
- Take advantage of our partnership with GrooveCar®
- Benefit from our partnership with Enterprise Car Sales
- Apply online for an instant decision
- Buy our Guaranteed Asset Protection (GAP) and Mechanical Repair Coverage (MRC) at a fraction of what dealerships charge.
Auto Loans and Refinancing
Interest rates are at historic lows and from the looks of it, they’re going to stay that way for a while. If you purchased your vehicle at a higher rate, it’s definitely worth your time to refinance to a lower rate and save yourself some money each and every month.
How can refinancing my auto loan save me money right now?
Refinancing your current auto loan from another lender with Credit Union of New Jersey will give you an immediate 90 days with no payments. That money can go towards paying other bills or for items that are high on your priority list.
Is refinancing my auto loan complicated?
Not at all. Refinancing your auto loan with Credit Union of New Jersey is fast, easy and can be done online in just a few easy steps, or over the phone with one of our loan officers.
My job is secure. How would refinancing benefit me?
If your employment is stable, you’re actually making more money now or your credit score is in better shape than it was when you took out your current auto loan, refinancing to a shorter term allows you to pay off your loan sooner. Your monthly payment may increase a little, but you will save hundreds, possibly several thousand, dollars in interest.
Car buying tools to make your journey a bit easier.
APR = Annual Percentage Rate. All rates are subject to change without notice and based on credit history. Minimum loan amount of $8,000 required for 60-month terms, $15,000 for 75-month terms and $20,000 for 84-month terms. Payment examples are per $1,000 borrowed for model years 2017 – 2021: 84 months = $12.33; 75 months = $13.76; 60 months = $17.09; 48 months = $21.26; 36 months = $28.21. Other rates and terms available. Member eligibility required. A five-dollar ($5.00) donation to the CU of NJ Foundation qualifies you for membership if you’re not already eligible through an employer group. Refinancing available for financing from another lender.
Valid on new and used auto loans. Each auto loan closed during this promotion period will make no payments for 90 days. Accepting the terms of “no payment for 90 days offer” will extend the maturity of your loan for at least 90 days but less than 110 days. If accepting the delayed first payment, you will not be eligible for any other skipping/delaying of your payment during 2021. Interest will accrue during this period. Payments made through payroll deduction or automatic payment will be deposited into your account for the time you are skipping/delaying your payment. Refinances from existing CU of NJ loans do not qualify. All loans are subject to credit approval. Certain restrictions may apply. This offer can be discontinued at any time.