Refinance Your Auto Loan

Auto Refinance Calculator

Find out if refinancing your car loan will give you a lower monthly payment, lower interest rate, or shorter term with this calculator.

This Auto Refinance Payment Calculator is intended to provide estimates for research purposes only. Your actual payment details and interest rate may vary depending on your credit score and other factors.

Results for Auto Loan with CUTX

Loan Term APR Estimated Monthly Payment Est. Mo. Pmt.
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Special Vehicle Coverage

Vehicle Service Contract for Refinance

As long as you’re changing the terms of your loan, now’s a good time to invest in a Vehicle Service Contract. CUTX’s VSCs include 24/7 Roadside Protection, Road Hazard Tire Protection, Trip Interruption and Rental Vehicle Assistance. We make them available for cars up to 15 years old!

Payment Protection for Car Loan Refinances

With the savings from your refinance, consider protecting your investment with Payment Protection. This coverage pays your loan if illness or disability keep you from working, or pays off the loan in case of death. It’s peace of mind if life throws you a curveball.

Save Money by Refinancing Your Auto

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.

Refi or Lease

Refinancing Might Be for You If….

You love your current car, just not your current loan. You want a lower payment and want to save with a lower interest rate, but you prefer the freedoms that come with ownership. You drive more than 18,000 miles per year. You dream of the day the loan is paid off and you’re payment-free.

Leasing Might Be for You If….

You want a new car AND a lower payment. You like having no car repairs beyond basic maintenance. You like being free from the hassle of buying or selling a car. You drive fewer than 18,000 miles per year. You’re fine with paying extra insurance because of all the other savings that come with leasing.

Have You Thought About Leasing A Vehicle?

Did you know that leasing your new vehicle can lower your monthly payment by as much as 40% to 50%? One simple call with a FairLease consultant is all it takes to see just how leasing works and to ensure leasing is right for you! Take advnatage of lower payments, or upgrade to a model with more features with a lease! Fill out this form and a FairLease consultant will give you a call to start the consultation!

FAQ - Auto Refinance

  1. If you are a member of CUTX: Log into online banking and make a payment with a funds transfer.
  2. If not a member: Use your financial institution to pay via Billpay
  3. Pay over phone: Call 972-263-9497, choose option 4 for Member Services ($15 Service Fee is applied to phone payments)
  4. Make a payment through Speedpay
  5. Make an automated payment through Telephone Teller:  Call 972-263-9497, choose option 1

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:

  • You still have several years on your current loan
  • You do not owe more than the car is worth
  • Your car is less than seven years old or has under 75,000 miles
  • Your current Lienholder Information – found in monthly loan statements, purchase paperwork, or loan coupon book
  • Proof of insurance
  • Approximate vehicle mileage – rounded to the nearest 100 miles
  • Vehicle VIN number – usually found on your insurance card or vehicle purchase paperwork

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:


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.