refinance car loan

Refinance a Car Loan

Save Money and Live Greater

Looking for a lower rate and payment? Looking to pull additional cash out from the equity in your car? When you refinance your car loan with Greater Nevada Credit Union, you can explore any and all options to suit your needs. Contact us or apply online to explore competitive rates and flexible terms on car loans and more!

Perks of Refinancing Your Car Loan

Refinancing your car loan can make your life easier in so many ways–especially when it comes to financial wellness. Here are just a few of the benefits of refinancing with Greater Nevada.

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Lower Interest Rates

When you refinance your auto loan into a new loan with a lower interest rate, you’ll enjoy lower monthly payments (and most importantly, possibly save money over the total life of the loan).

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Trusted Local Lender

Greater Nevada is a not-for-profit, and you’ll work with a local loan expert whose goal is solely based on responsible lending practices to find the right option to meet your personalized needs.

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Cash-Out Refinance

If you have equity in your car (and depending on its value) you can take out more than you owe on your existing car loan to get additional cash back to spend on whatever you’d like.

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Flexible Loan Terms

Bringing members the best possible annual percentage rates (APR) and flexible loan terms is one of our main missions as a credit union.

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Additional Protection Products Available

Get even more peace of mind with protection products and services from Greater Nevada: Guaranteed Asset Protection (GAP), Major Mechanical Protection (MMP), and Payment/Debt Protection coverages are available.

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Affordable Insurance

Explore insurance products for all types of vehicles, drivers, and protection needs through Greater Nevada Insurance, a subsidiary of our credit union.1

Members Get More

Another perk of refinancing with Greater Nevada: eligible members may qualify to skip a payment during the busiest times of the year. Imagine what you’d do with that extra cash around the holidays, or in the event of an emergency.

How Much Could You Save?

Considering refinancing, but not sure whether it’s the right move for your finances? It’s easy to find out with our handy loan refinance interest savings calculator. Simply input your loan information to learn how much you could save when you refinance.

Auto Loan Refinancing Frequently Asked Questions (FAQs)

Here’s some good-to-know information about refinancing your car loan with Greater Nevada.

What do I need to refinance my car loan?

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Car loan requirements vary, but in general, they all share a few basic requirements:


  • Credit history & credit score
  • Proof of income
  • Proof of residence & identity
  • Vehicle information
  • Proof of insurance

Can you refinance a car and get cash-out?

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If you qualify–that is, if you have equity in your car–you can opt for a cash-out refinance. It’s a great way to get funds quickly, especially if your car has a decent value.

Is refinancing a car worth it?

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If you want to refinance your auto loan for a lower payment, consider this: refinancing almost any loan–auto, personal, home, or otherwise–can be a great option if you can secure a lower interest rate at the time. However, even if you need to extend your loan (and pay more interest in the long run) a lower monthly loan payment can be a great benefit, especially when your finances are a little tight.

Does refinancing hurt your credit?

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Refinancing your vehicle loan may cause your credit score to drop a little, at least in the beginning. But as you make regular payments, you should see it recover and possibly improve over time. There’s nothing like keeping up with scheduled payments to improve a credit score.

Is it better to refinance a car or pay it off early?

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The answer to this depends on your situation, and if you have the funds available to pay off your existing loan. Keep this in mind: at Greater Nevada, there are no penalties for paying off your new loan early if you choose to refinance with us.

How long should I wait to refinance my car?

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Opening a new car loan will affect your credit score due to the new “hard inquiry” and loan on your record. That’s why it’s a good idea to wait a few months before refinancing–at least half a year, so your score can recover.

Is it better to refinance a car with a credit union?

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Getting a car loan from a credit union can open up a world of ways to improve your finances. And when you choose Greater Nevada, you’ll gain members-only access to excellent interest rates, low (or no) fees, and products and services designed to improve your credit score and your savings. That’s the power of a credit union that puts members first.

Refinancing Application Process

Everything is Greater when you choose our credit union–even refinancing your auto loan. We make the process short, sweet, and simple so you can get on the road sooner.


1. Determine Loan Needs

What are you hoping to get out of refinancing? A lower interest rate? A lower monthly payment? To pull cash out from your high-valued vehicle? Having this goal in mind will help determine how you should proceed


2. Gather Documents Needed

Every lender requires a few basic documents for auto loan applications: personal ID, proof of insurance, proof of income, credit score, and more. Check the section above or contact us for more details.


3. Apply for a Refinance Loan

It’s time to assemble your application. With the requirements we mentioned before satisfied, and your documents gathered, you can apply to refinance online or over the phone through our lending hotline at (855) LIV-GR8R.

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Apply to Refinance

Ready. Set. Refinance. Apply online or over the phone and our expert lending team will work directly with you.

Compare Auto Loans

What drives you? At Greater Nevada, we offer different types of car loans for all kinds of drivers: first-timers, veterans, and those looking for a change of pace (or in this case, speed).

1 Available insurance products are not deposits of Greater Nevada Credit Union and are not protected by any type of deposit insurance, are not obligations of or guaranteed by Greater Nevada Credit Union or its affiliates, and may be subject to risk. Insurance products are not insured or guaranteed by the National Credit Union Administration (NCUA) or any other agency of the United States. Any insurance required as a condition of the extension of credit by Greater Nevada Credit Union need not be purchased from our Agency but may, without affecting the approval of the application for an extension of credit, be purchased from an agent or insurance company of the customer’s choice.