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Your Go-To Partners for Reliable Auto Refinancing

Don’t let expensive auto loans limit your financial progress. Find an affordable and easy-to-manage auto loan solution with our refinancing options.

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Lower Monthly Payments

Refinancing is a great tool for anyone who wants to lower their existing monthly auto loan payments—especially if your credit has improved since you took out your initial loan.

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Hassle-Free Application

No paperwork headaches here—at MCU, we make it easy to apply for our lending solutions. Just log in to NYMCU Digital Banking and select Quick Apply to get started.

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No Prepayment Fees

Big banks will penalize you for paying your loan off early—but not MCU! Pay off your loan as early as you want without incurring prepayment fees.

Put More Power in Your Pocket with our Refinancing Options.

Together, we can simplify your current auto loan payments and save you money. Enjoy fee-free refinancing: no application fees and no prepayment penalties. Saving has never been easier!


Know Before You Buy: Refinancing with MCU

Get the info you need to make a decision about refinancing your auto loan with MCU today.


No Hidden Fees or Penalties

We’re here to help you save your hard-earned money—not take it. Members enjoy waived application fees and never have to worry about prepayment penalties.


Refinance Non-MCU Loans

We refinance loans from other financial institutions, for vehicles with less than 100,000 miles.


Registration and Ownership Required

We can only refinance loans if they belong to you. Got a friend or loved one with an auto loan that needs refinancing? It’s easy to become a member today!


Personal-Use Vehicles Only

Refinancing options are only available to drivers who use their car primarily for personal use and not for commercial use including taxi, Uber, Lyft, etc.

Your Refinancing Application Checklist

Ready to simplify and save?

Here’s What You Need to Apply:

  • Car registration to verify the VIN
  • Insurance card
  • Loan amount from your current finance company (sometimes called a 10-Day Payoff Letter)
  • NY Certificate of Title to verify title number (NY state only)

Banking That’s Always by Your Side

Looking to refinance your vehicle? If you have the NYMCU Mobile and Online banking apps, you’re already on the right track! We make it easy to apply for refinancing or any other type of loan online, as well as set up Automatic Transfers and Bill Pay to help ensure your payments are always made on time.

NYMCU Digital Banking

Looking for a Different Type of Loan?

We offer our members a wide array of lending products with competitive rates and terms.

Home & Mortgage 1-1

Home Loans

When you’re ready to purchase a new home, MCU is here with a variety of mortgages, equity loans, and residential lending solutions designed to suit your specific needs.

See Home Loans

Personal Loans

Need to pay for an unexpected expense, a special event, or just need some extra cash to handle some bills? An MCU Personal Loan is a hassle-free way to access the funds you need and take control of your finances.

See Personal Loans

No Matter Where You Are in Life, We’re Right There with You.

At MCU, we believe that a credit union should be a lifelong source of financial education and support—from planning for college to saving for retirement and everything in between.

That’s why we have specialized recommendations for products and services designed to help you meet your goals (both short-term and down the road), based on your changing needs and priorities.

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Resources and Tools for Financial Planning

Membership in our community is about more than just banking. As an MCU member, you can access valuable information and resources to help you plan and reach your financial goals.

When Should You Take Social Security?

When Should You Take Social Security?

Filing for Social Security benefits as soon as you can  — or shortly thereafter —  a few years early may seem like a good idea at first. The money is ...
How To “Trick” Yourself Into Saving More

How To “Trick” Yourself Into Saving More

With inflation high and money tight for so many of us, there’s never been a better time to re-examine how we’re managing our finances and to make some moves to save more. ...
How Much Should You Save For Retirement?

How Much Should You Save For Retirement?

In a perfect world, you would start saving for retirement with your very first paycheck and keep at it until the day you left your job some 40 years later. But not everyone works ...

Got Questions? We’ve Got Answers.

How does auto refinancing work?

Refinancing your car means replacing your current auto loan with a new one. Refinancing your auto loan can drive down your monthly payment cost and help you avoid prepayment penalties.

Will refinancing transfer ownership of my car to someone else?

No! Registered owners will retain ownership of the vehicle even if they decide to refinance.

What is a prepayment fee?

A prepayment fee is a fee for paying off your loan early. We waive repayment fees for our members when they choose to refinance with us.

Driving Community Success for our Members

No matter where you are in life or what goals you’re working toward, MCU is ready to assist you with educational resources, reliable banking products, and personalized service designed to help you create an exceptional financial future.

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Why Join?
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