Search
Previous Menu
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.
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.
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.
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.
Download the Mobile Banking App
Looking for a Different Type of Loan?
We offer our members a wide array of lending products with competitive rates and terms.
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.
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.
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.
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.
All about Private Mortgage Insurance (PMI)
What to Consider Financially As A First-Time Homebuyer
