If you’re stuck with a high-interest rate auto loan, refinancing your vehicle could save you money if you qualify for a better rate. Plus, when you decide to refinance your vehicle loan with a credit union, terms are more flexible and you’ll get personalized service for just you! Partner with HHCU and you can be sure it will be a quick and easy process.

Not sure what refinancing means? Well when you refinance a loan, it means borrowing again to repay the earlier debt and usually with a lower interest rate. Refinancing could help by lowering your monthly payments, give you more time to pay, or maybe even both! You refinance your loan to get a better deal – you’re saving money long term by getting lower interest rates and it’ll be easier for you to pay off the debt.

Before you decide to take the next step to refinance, you need to make sure it’s the right decision for you. You might be better off sticking with your current auto loan. Consider how much you still owe on your current loan and the interest rate. The interest rate affects the monthly payment and how much you could save if you switched to a lower rate. Use our online loan calculator to help you determine how much you could save when you refinance with Houston Highway. You also might want to consider how long you have left on your auto loan; if you only have a year or two left, then refinancing for a longer term might not be the solution. Overall the goal is to lower your monthly payments.

When you decide to refinance, come to Houston Highway! We are member-owned which means the earnings are passed back to members in the form of lower rates and fees. We offer flexible repayment terms and overall better service. Start your application to refinance your vehicle today or contact one of our knowledgeable staff members today to learn more.