Skip nav to main content.
People Driven Credit Union

Auto Refinancing

Refinance Your Car, Truck, or SUV

Lower your payment, improve your rate, or adjust your loan term by refinancing your car, truck, or SUV with People Driven Credit Union

Refinance Online Try Our Monthly Payment Calculator

Auto refinance rates as low as

4.74%¹ APR*

If your current auto loan is with another lender, refinancing with PDCU may help you secure better terms, reduce your monthly payment, or pay less in interest over the life of the loan. With terms available up to 96 months and rates as low as 4.74%¹ APR*, refinancing could be a smart move if your credit has improved, your financial needs have changed, or you want a more flexible payment option.

Membership and eligibility requirements apply. Approval is subject to application, creditworthiness, vehicle value, and other lending criteria. Rates and terms are subject to change.

Is refinancing right for you?

You may want to consider refinancing if:

  • You have a rate higher than 4.74%¹ APR*
  • You’ve improved your credit score since your last loan
  • Your monthly payment feels too high
  • You want to free up cash for other financial goals

Refinance your auto loan rate

Unlock a rate as low as 4.74%¹ APR*

Benefit from a .25% reduction when enrolling in our autopay service, which is included in the “as low as” rate advertised. The discount is available to those who setup autopay of their monthly loan payment from a People Driven Credit Union checking or savings account.

Auto loan rates for cars, trucks, SUVs, & vans five years old or newer:

Term

(Months)

≤36

37-48

49-60

61-72

73-84

96

APR*

as low as¹

 4.74% 4.74% 4.74% 4.74% 5.24% 5.74%

Rates Effective as of:

4.74%

Refinance Online

See what fits: compare vehicle loan rates & terms

Calculate Your Monthly Car Loan Payment

Loan Amount

Car Loan Calculator Disclosure: This calculator is for educational and planning purposes only. Results are estimates based on the information you enter and do not guarantee loan approval, loan amount, rate, term, payment amount, or financing. Actual terms may vary based on creditworthiness, loan amount, loan term, vehicle age, collateral value, loan-to-value, and membership eligibility. APR = Annual Percentage Rate. Rates are subject to change. The “as low as” rate shown on this page includes a 0.25% autopay discount for eligible borrowers who set up automatic payments from a People Driven Credit Union checking or savings account. Interest begins accruing when the loan is disbursed, including during any approved no-payment period.

What loans are eligible?

Our refinancing program covers:

  • Auto loans for cars, trucks, SUVs, and vans
  • Vehicles up to 5 years old
  • Existing loans financed through another lender (PDCU loans are not eligible)

Why refinance your auto loan?

Refinancing is a smart option for many borrowers. Here’s why:

  • Lower Your Interest Rate: If your credit has improved, refinancing could save you money over the life of your loan.
  • Reduce Monthly Payments: Extending your term or securing a better rate can lower your monthly payment.
  • One Simple Payment: Make budgeting easier with a consistent, fixed-rate payment.
  • Keep the Vehicle You Love: No need to trade in, trade up to a better loan.

Our refinance offer

  • Rates: As low as 4.74%¹ APR*
  • Terms: Up to 96 months
  • Loan Amounts: Based on the value and age of your vehicle
  • Requirements: Loan must close within 30 days of application

How it works

Refinancing is easy. Here’s what to expect:

  • Apply Online — Submit your application in just a few minutes.
  • Provide a 10-Day Payoff — We’ll request your current loan’s balance from your lender.
  • Close the Loan — Sign your loan documents and let us pay off your old loan directly.
  • Start Saving — Enjoy your new rate and lower monthly payment!

Let’s make it easy

Our experienced loan officers will walk you through the process. Easily apply online, we’ll make it simple, fast, and transparent.

Call Refinance Online

Frequently asked questions

Refinancing replaces your current auto loan with a new one—usually with a different lender, to secure a lower rate, adjust your monthly payment, or change your term. PDCU pays off your existing lender and you make payments to PDCU going forward.
Common reasons include: your credit score has improved, market rates have dropped, your original rate was high, you want a lower monthly payment, you want to pay off faster with a shorter term, or you need to add/remove a co-signer.
For the most current APRs, please visit our Loan Rates page. Terms are available up to 72 months for eligible vehicles. Your approved rate and term will depend on factors like creditworthiness, amount financed, and the vehicle’s age, value, and condition, and are subject to change at any time.
Cars, trucks, SUVs, and vans that are new or used (5 years old or newer).
No. This offer is for loans refinanced from another lender or for new loans only.
Yes. Loans must close within 30 days of application to qualify for promotional terms.
We’ll run a hard credit inquiry during the application, which may have a small, temporary impact on your score.
Savings depend on your new rate, term, and remaining balance. Many members save by lowering their APR, shortening the term, or both. We’re happy to run the numbers for you before you commit.
Yes. You can choose a term (up to 96 months) that fits your budget and goals—either lowering your payment or paying off sooner.
A valid ID and SSN, proof of income, your current loan statement/10-day payoff, and vehicle info (VIN, mileage, year/make/model). We’ll let you know if anything else is needed.
Once approved, PDCU pays off your existing lender directly. You then make payments to PDCU under your new loan.
You generally can’t “refinance” a lease, but we can often help you finance a lease buyout if you’re purchasing the vehicle. Ask us for details.
State title/registration fees may apply, and any applicable loan fees will be disclosed upfront. We’ll provide a clear cost summary before you proceed.
Yes. You can add GAP (Guaranteed Asset Protection) and Mechanical Breakdown Coverage during the refinance for added peace of mind.
Many applications are reviewed quickly. Timing can vary based on documentation and title work, but remember: closing must occur within 30 days of application to retain promotional terms.
Yes. Membership is required and easy to open if you’re eligible.
Apply online, visit any branch, or call (248) 263-4100. We’ll review your options and estimate savings before you finalize.
Our ¹Special Loan Rate Discount offers a 0.25% APR reduction when you set up automatic payments (AutoPay) for your loan from a People Driven Credit Union checking or savings account. This discount is already included in the “as low as” rate advertised. To enroll in AutoPay and receive the discount, please call us at 248-263-4100. A representative will assist you in setting up monthly automatic withdrawals from your PDCU account. Note: The discount is available only for eligible loans with AutoPay set up from a PDCU account. Terms and conditions may apply.

Disclosures

**Certain limitations may apply. Please consult with a representative for further information. Loans are exclusively available for new and used cars, trucks, and SUVs. Membership with the Credit Union is mandatory for loan disbursement. For 30, 60, or 90-day no-payment loans, interest will commence accruing upon loan disbursement and will be spread out over the subsequent monthly payments.

4.74%

*APR = Annual Percentage Rate: The actual APR and loan term is subject to approval and may be determined upon the borrower’s creditworthiness, the amount borrowed, and the type, value, age, and condition of the collateral offered to secure the loan (when applicable). Rates are effective as of today and are subject to change.

¹Special Loan Rate Discount: Benefit from a .25% reduction when enrolling in our autopay service, which is included in the “as low as” rate advertised. The discount is available to those who setup autopay of their monthly loan payment from a People Driven Credit Union checking or savings account.

Membership Requirement

All accounts and loans require membership at People Driven Credit Union. Membership is available to individuals who live, work, worship, or attend school in the State of Michigan, as well as relatives of current members. To complete an application for any account or loan, you will need the following information:
  • A valid Driver's License, State ID, or Passport with your current address
  • Your Social Security Number
A Membership Share Savings Account is required to establish membership at People Driven Credit Union. A $5 deposit secures your ownership share in the credit union and unlocks access to our full suite of products and services. This account earns 0.01% APY with a $5 minimum deposit.

People Driven Credit Union is an Equal Housing Opportunity Lender NMLS #776727.

All other trademarks are the property of their respective owners.

Related Topics

Learn more about auto refinance

Graphic: Signs It’s Time to Refinance Your Auto Loan.

Signs It’s Time to Refinance Your Auto Loan in 2026

When you finance a loan for a new vehicle, the terms you agree to usually......Read More

Graphic: Auto Loan Rates Starting at…

Auto Loan Rates Starting at…

Looking to finance your next ride or refinance an existing auto loan from another lender?......Read More

Graphic; Should You Refinance Your Auto Loan?

Should You Refinance Your Auto Loan?

Should You Refinance Your Auto Loan? Here’s What You Need to Know Refinancing your auto......Read More

View more about Refinance Your Vehicle

People Driven Credit Union Members save on the TruStage® Auto & Home Insurance Program

Designed for credit union members like you, the TruStage® Auto & Home Insurance Program provides affordable, top-quality protection. You could enjoy discounted rates combined with online convenience and 24/7 claims service.

Get your free quote online today or call 1-855-589-2146.*See disclosures below.