Refinance Your Auto Loan

Get More From Your Loan

Beat Your Rate or Lower Your Payment¹

Rates change all the time, and so do credit scores! When CUTX reviews your car loan details, we'll tell you whether we can help you lower your monthly payment or save you money on interest by refinancing.

Help With Your Vehicle and Payment Protection

As a member-owned credit union, we truly do have your best interest in mind. Many people find that our GAP, Payment Protection, and Vehicle Service Contracts cost much less than what the dealership can offer.

Make No Payments For 120 Days²

When you refinance your vehicle loan to CUTX, you get to wait 120 days before making your first payment! Just imagine what your budget can do with a little breathing room.

Request Your Free Loan Review

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 can mean a lower payment and overall savings. Our auto loan specialists are experts at uncovering hidden fees and markups and can look at your current loan details to see where we might be able to save you money.

We Can Help You

Trusted Partner

We're driven by the desire to help our community and provide the best possible financial services for our members. Unlike big banks that prioritize profits over people, we always put the needs of our members first and would love to help you save money and refinance your auto. Give us a call and see what we can do for you!

Decision in Seconds

Get a decision in 20 seconds or less using our auto loan short app! You're already on our website, so just click the button below to get started and you'll be able to complete the process as fast as you can type. If you'd prefer to talk with someone about your current auto situation instead, you can always contact us at 972-705-4840.

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

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.

  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

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. APR = Annual Percentage Rate. Rate shown is the lowest rate available for up to 24 months on new autos, up to 36 months on used, no additional discounts apply, and is accurate as of April 8, 2020. Loans and Rates are subject to credit approval. Rates and terms are subject to change without notice. Offer excludes all loans already financed at CUTX.

2. Interest will accrue during the deferment period. To be eligible for the no payment for 120 days applicant must have FICO score of 680 or above.