Find out if refinancing your car loan will give you a lower monthly payment, lower interest rate, or shorter term with this calculator.
Results for Auto Loan with CUTX
| Loan Term | APR | Estimated Monthly Payment Est. Mo. Pmt. |
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If you didn’t get your auto loan from CUTX, you may be paying too much. Let us try to get you a better rate, which means a lower payment and overall savings. You can even add in a service contract and Payment Protection.
Most people refinance their vehicles because they can save a lot of money compared to their original loan. Perhaps the dealer gave you a higher rate than you should have had, or included extras you didn’t know you agreed to. Perhaps your credit score has improved and you qualify for a lower rate, or interest rates have fallen since you got your current loan. Whatever the reason, refinancing often means that you have the very same car for a lot less money every month.
Savings depend on many factors including whether you qualify for a lower interest rate than you currently have, whether you have extra charges on your current loan that you wish to do away with, whether interest rates have risen or dropped since you got your loan. Use the Auto Refinance Calculator to get an estimate of how much your new payments might cost.
Refinancing makes the most sense when:
A refinance can usually be completed in a day or two. The approval process for a refinance can take as little as a few minutes. After your new loan is signed, you have 90 days with no payments before you begin making payments to CUTX with your new, lower monthly payment, but remember interest begins the day your loan is funded.
CUTX requires that you carry proper insurance on your loan. To verify insurance, please click here and provide the declaration page provided by your insurance company that shows Credit Union of Texas listed as lien holder. A copy of your insurance card is not acceptable for this documentation.
If you prefer to send us your proof of insurance by mail or fax, please mail a copy of your declarations page to:
CUTX
PO Box 690588
San Antonio, TX 78269
This address is for providing proof of insurance only. Please do not send your loan payments to this address.)
You can also contact us with any other questions about providing proof of insurance at these numbers:
866-382-0069 Insurance Service Center
866-830-7922 Fax
1 - Interest will accrue during the deferment period. Estimated monthly payment example: Loan amount of $20,000 at a rate of 2.39% APR for 36 monthly payments, with no monthly payment for 90 days, would have a monthly payment of $578.60. Loans and Rates are subject to credit approval. Rates and terms are subject to change without notice. Offer excludes existing auto loans already financed at CUTX.
2 - APR = Annual Percentage Rate. Rate shown is the lowest rate available, no additional discounts apply, and is accurate as of January 18, 2019. Loans and Rates are subject to credit approval. Rates and terms are subject to change without notice. Estimated monthly payment example = 36 monthly payments of $28.93 per $1,000 borrowed at 2.39% APR. Offer excludes all loans already financed at CUTX.
