Rates as low as 5.74% APR1 + Delay first payment for 60 days2
Keep your car. Get a better loan.
Unhappy with your existing car loan? Refinance it and you could save money or change the number of payments to make your loan work better for you. Our application and funding process is quick and easy, so there’s no need to worry about complicated fees or being overloaded with paperwork.
On average, members lowered their interest rate 3 percentage points by refinancing with Ardent.3
Refinancing made simple:
- Keep your car, change your monthly payment or term
- Same-day approvals in most cases
- No origination or application fees
- No rate upcharge for older model years
Reasons to refinance your ride with us:
- Delay your first payment for 60 days
- Day one of your loan or years later, refinance at any time
- Great, low rates and term options up to 84 months
AS LOW AS
5.74%
ANNUAL PERCENTAGE RATE
FAQs
Before a loan can close, you will need to show a valid driver’s license, proof of insurance and bill of sale (new purchase) or payoff letter (refinance).
There is no application fee.
Unlike a mortgage, there are no fees associated with refinancing a car loan.
No, you can pick from the available terms for your car’s model and loan amount.
You can do a lease buyout, which converts your lease into a purchase. Unlike a normal refinance, a lease buyout requires you to pay sales tax, since the vehicle isn’t already in your name.
Yes, you can add a co-borrower. The co-borrower does not need to be on the vehicle’s title.
Refinancing may have a small impact on score, because Ardent will need to pull your credit report. However, you are not changing the amount you owe, so your score should rebound quickly—as long as you continue to make on-time payments.
Unlike a home, you do not need to have your vehicle appraised. We use J.D. Power Clean Retail (Used Auto) or MSRP (New Auto) to determine the vehicle’s value.
It’s possible to refinance the day after getting your initial car loan. In most cases, you don’t need to wait days or months to refinance since pre-payment penalties for car loans are rare. Even if you are led to believe there is refinancing waiting period, check your loan agreement to verify.
1APR = Annual Percentage Rate. Ardent has a tiered rate policy which applies different interest rates to borrowers based on loan term and creditworthiness. Credit and collateral are subject to approval. This is not a commitment to lend. New auto is defined as a current (2019, 2018) or previous (2017) model year with 5,000 miles or less. Loan example: Four-year new auto loan at 5.74% APR would result in 48 monthly payments of $23.38 per $1,000 borrowed. APR shown reflects 0.25% discount for automatic payment from an Ardent Credit Union checking or savings account; APR is 0.25% higher without automatic payment. Auto loans currently financed with Ardent are not eligible for the promotion or refinancing. Rates are subject to change at any time.
260-day Loan Payment Deferral Option: Interest will continue to accrue during the payment deferral period and will be collected with your first loan payment.
3This savings is calculated using borrowers who had an existing auto loan on their credit report and refinanced through Ardent between 5/2/24 and 7/23/24. These borrowers reduced their interest rate by an average of 3.07 percentage points. However, an interest rate reduction is not guaranteed on all refinanced loans.