Is your car payment slowing you down?
Refinance your auto loan and save money.
Auto Refinance Rates as low as
on a 36-month loan
Unlock a great low rate with The Summit when you refinance your current auto loan. Enjoy extra cash in your pocket—whether you choose to save it, spend it, or put it toward your next goal. Make your savings go further with The Summit.
Have Questions? Our Virtual Branch Team Can Help!
Save More on Your Auto Loan!
Why Refi Your Auto Loan?
Refinancing and you could:
- Lower your monthly payment
- Reduce your interest rate
- Save money over the life of your loan
- Free up room in your monthly budget
- Keep the car you love
Original title is needed to finalize your loan. If closing online or with the Virtual Branch, you can mail or drop off at a branch when finalizing your membership and loan documents.
What You Need to Apply
To open a new account with our Virtual Branch, you will need:
- Valid ID
- Original Title
- If closing online or via the Virtual Branch this must be mailed or dropped off at a branch
- 10 day payoff on primary institution’s letterhead
- Insurance Binder showing The Summit as the lien holder
- This can be attained from your insurance provider while on the call or after
Benefits of Being a Member
We are committed to helping our members achieve financial wellness. In addition to providing comprehensive financial education, we keep fees lower and more affordable than traditional banks, and offer competitive credit union rates on loans, credit cards, and other financial products. Plus, you’ll find products at The Summit that many other banks don’t have, like our RoundUp Savings account, and EarlyPay.
Current Auto Loan Rates
Auto Loan Rates – Refi Promo
Rates Effective June 16 through June 30, 2025
|
Type
|
Term
|
Fixed APR2 w/
Auto Payment3
|
Payment
per $1,000
|
Fixed APR2 w/Billing
|
Payment
per $1,000
|
|
Used Auto
(2017 & newer)
|
36
|
4.95%
|
$29.95
|
5.20%
|
$30.06
|
|
Used Auto
(2019 & newer)
|
48
|
5.45%
|
$23.23
|
5.70%
|
$23.35
|
|
Used Auto
(2020 & newer)
|
60
|
5.75%
|
$19.22
|
6.00%
|
$19.33
|
Still not sure?
See how much you can save!
The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.
Want to Discuss Refinancing Your Auto Loan?
Schedule a video appointment with the Virtual Branch for when it fits your schedule
Hear from Our Members
The Summit is federally insured by the National Credit Union Administration. Member eligibility required. Loans are subject to credit approval and certain limitations may apply. Rate shown in effect May 16, 2025 through July 31, 2025. Auto Refinance Loan Special has a term of 36 months at 4.95% Annual Percentage Rate (APR). For example: A loan of $25,000 for 36 months at 4.95% APR will have a monthly payment of $748.71 for the life of the loan. APR may vary depending on each individual’s credit history and underwriting factors. The stated APR is the lowest available and includes a discount for automatic payment. If refinancing a Summit Auto Loan, you must increase the outstanding loan balance by at least $1,000. The Summit’s loan programs, rates, terms and conditions are subject to change without notice.