Apply online with details about your current auto loan and your vehicle. If you are approved, we pay off your current lender directly, and you make your payments to Pioneer Valley Federal Credit Union on your new terms.

Refinancing may be worth a look if your credit score has improved since you bought the car, if you financed through a dealer at a higher rate, or if you want a monthly payment that fits your budget better. The best way to know is to compare an offer with your current loan.

Applying for a refinance includes a credit inquiry, which may cause a small, temporary change in your credit score. Making on-time payments on your new loan helps build your credit history over time.

[CONFIRM FEES BEFORE PUBLISHING: list any Credit Union fees and any state title or lien recording fees.] Also check whether your current lender charges a prepayment penalty for paying off your loan early.

Yes. Refinancing replaces your current loan with a new loan and a new term. Choosing a longer term can lower your monthly payment, but it may increase the total interest you pay over the life of the loan. We can show you both so you can decide what works best.

Owing more than your car is worth, often called being upside down or having negative equity, can make refinancing harder, but it depends on your loan balance, your vehicle's value, and your credit. Contact us and we will review your situation.

Refinancing in your own name replaces the original loan, which can release a cosigner. You will need to qualify for the new loan based on your own credit and income.

Membership is open to people who live, work, worship, or attend school in Massachusetts, Connecticut, Rhode Island, New Hampshire, Vermont, or New York. All auto refinance loans are subject to credit approval.