Drive Down Your Auto Loan Rate with Our Auto Loan Refinance Program
- Options Credit Union
- 4 days ago
- 3 min read
If your auto loan is sitting at another lender, now is the perfect time to bring it home to Options Credit Union. Our Auto Loan Refinance Program is designed to help members lower their rate, reduce interest costs, and enjoy the benefits of local, member-owned banking — all while keeping the same car you already love.
Whether you financed your vehicle at a dealership, bank, or another credit union, we’re here to make refinancing simple, transparent, and rewarding.
How the Auto Loan Refinance Program Works
We created this program for members who want a straight refinance of an existing secured auto loan — with no cash-out and no complicated restructuring. It’s quick, it’s easy, and it’s built with safeguards to ensure you’re getting a fair, responsible deal.
Here’s what makes this refinance program different:
⭐ Loyalty pays - Save up to 3% off your current rate
If you've been a member for more than 90 days and are in good standing, with no prior past due loans, we’ll lower your contracted rate by up to 3 percentage points, helping you take home big savings over the life of your loan. (Less than 90 days? You’ll still save up to 2% — a great deal!)
⭐ Flexible terms with up to 60 days before your first payment
Enjoy up to 60 days with no payments (interest accrues) so you can get ahead on other expenses while we take care of the refinance.
Program Requirements
To keep this program focused, fair, and beneficial for members, the following guidelines apply:
Straight refinance only — no cash-out options.
Secured auto loans only (motorcycles and recreational vehicles are excluded).
Vehicle must have a clean payment history with the other lender for a minimum of 9 months.
Must show proof of current loan terms via your existing loan documents.
No existing or prior Options Credit Union auto loans may be refinanced under this program.
This offer cannot be combined with other promotions or rate discounts.
Loan Amounts & Collateral Requirements
We’ve structured the program to support responsible lending and help members get real value:
Minimum loan amount: $10,000
Maximum loan-to-value (LTV): up to 130% of the vehicle’s assigned collateral value
Eligible vehicles: 2015 or newer passenger vehicles in good condition (per standard underwriting guidelines)
Why Refinance Your Auto Loan with Us?
At Options Credit Union, you’re more than an account number — you’re an owner. That means we work for you, not for shareholders. Refinancing with us gives you:
✔ A lower rate
Saving even 1–3% off your loan rate can put hundreds — even thousands — back in your pocket over the life of your loan.
✔ A local partner you can trust
Our team lives and works in the community we serve. When you call, you’re talking to real people right here in Colorado.
✔ A simple, streamlined process
We’ll help you every step of the way: confirming payoff amounts, reviewing your documents, and ensuring your refinance goes smoothly.
✔ Financial flexibility
With up to 60 days before your first payment, you’ll get a little breathing room as you settle into your loan.
How to Get Started
Applying is easy. Here is what you will need:
Membership at Options Credit Union
Apply online
Current loan agreement and a copy of your vehicle registration
Vehicle’s details (make, model, year, mileage, VIN, and color) for proper valuation
10-day payoff statement from current lender
Proof of income
Let us show you how much you could save by refinancing your auto loan today.
APR=Annual Percentage Rate | Terms of up to 75 Months | Estimated monthly payment of $15.39 per $1,000 at lowest rate | The rate may vary depending on each individuals' credit history and existing loan terms | All Credit Union loan programs, rates, terms and conditions are subject to change without notice | Lowest rate offered is subject to floor rate of 4.65%APR* | Minimum finance amount is $10,000 | Maximum LTV is 130% | Offer valid only for 2015 or newer passenger vehicles | Excludes cash out refinancing | Maximum rate discount is 2% for members less than 90 days | Not all applicants will qualify for the lowest rate | Cannot be combined with other offers or rewards | Existing and prior Options CU loans are not eligible for this offer | Interest begins at funding. We reserve the right to modify or discontinue this offer at any time without notice.