Auto Loan Refinancing

a family is smiling inside their SUV

Why Refinance Your Vehicle Loan?

As you’re working toward paying off your automobile loan, there are many reasons why you might want to refinance your loan.

Lower Your Interest Rate

Has your credit score improved since your original loan signing, or have rates generally gone down? There may be many factors as to why you can qualify for a lower rate. No matter the reason, refinancing your vehicle at a lower interest rate can help you pay off your loan for less money.

Lower Your Monthly Payment

When you decide to refinance your car loan, consider your monthly payment options. Depending on the difference between your original and new interest rates, you may enjoy lower payments while keeping the same repayment period. Or, if you need to find even more room in your monthly budget, lengthening your term can be a great solution. Your required monthly payments will be more manageable, and you still have the option to pay extra when you can.

Simplify Your Finances

With how busy life can get, you have enough things to stay on top of every day. Keeping track of your car loan is so much easier when you have it with Lanco FCU. You can add it to your current membership and see it alongside your checking and savings accounts when you log into online and mobile banking. Plus, you can easily set up recurring transfers or automatic payments, so you never miss a due date.

Car Refinancing Special Offer

We’ll Lower Your Current Rate by 1.00% or More*

Lanco FCU strives to offer members the most competitive rates for car loans, but we also understand that, sometimes when you find that car you want, it can be easy to just go with whatever financing the dealer offers. But you don’t have to stick with that loan—refinance with Lanco FCU to simplify your finances and get an even better rate.

Offer Qualifications & Details

  • Refinance your car, truck, SUV, or motorcycle
  • Vehicle model year 2014–2020:
    • Get a rate as low as 2.49% APR
    • Borrow up to 110% of the vehicle’s value
  • Vehicle model year 2008–2013:
    • Get a rate as low as 4.49% APR
    • Borrow up to 100% of the vehicle’s value
  • Up to 45 days until first payment
  • Optional debt protection and GAP Plus coverage is available

Have questions?  Call (717) 569-7180 or (888) 318-4222 to speak with a lender about your refinancing options.

How to Apply

Apply Online

Apply for your loan online in about 10 minutes, and you will receive a decision within 2 business days.

Please have the following information available for each borrower on the loan:

  • Social Security number
  • Valid Photo Identification
  • Date of Birth
  • Physical Address

Apply for my auto loan

Apply In Person

For purposes of social distancing, we currently recommend that you submit your application online. Please call us at (717) 569-7180 or (888) 318-4222 if you have any questions or would like to speak with a lender before applying. If you would like to apply in person, please call or contact us to schedule an appointment.

Current Car Loan Rates

Automobile and Motorcycle Loan Rates

Maximum Loan Term APR (based on Credit Score)
750 700–749 660–699 620–659 Under 620
Model Years 2014-2020
36 Months 2.49% 3.49% 4.49% 7.49% 10.49%
48 Months 3.49% 4.49% 5.49% 8.49% 11.49%
60 Months 3.49% 4.49% 5.49% 8.49% 11.49%
72 Months 4.25% 5.25% 6.25% 9.25% 12.25%
84 Months 4.99% 5.99% 6.99% 9.99% 12.99%
Model Years 2008-2013
36 Months 4.49% 5.49% 6.49% 9.49% 12.49%
60 Months 5.49% 6.49% 7.49% 10.49% 13.49%
Model Years 1996-2007
60 Months 7.99% 8.99% 10.99% 14.99% 16.99%

Terms Available

Vehicle Year Amount Borrowed Maximum Loan Term Available
1996–2020 Any amount + 36 Months
1996–2013 $5,000 + 60 Months
2014–2020 $5,000 + 48 Months
2014–2020 $10,000 + 60 Months
2014–2020 $20,000 + 72 Months
2014–2020 $25,000 + 84 Months

Apply for your loan online

*Offer current as of 10/1/2020 and may be changed or withdrawn at any time. Offer not valid for refinancing of Lanco FCU loans. For financing of vehicles model year 2008 and newer: Lanco FCU will match your current rate and lower it by 1.00% APR for a loan of like terms or offer Lanco FCU’s current advertised rate, whichever is lower, subject to approval. Model years 2014-2020: Rate floor of 2.49% APR applies; Payment example: A $10,000 loan at 2.49% APR would require 36 monthly payments of $288.57. Model years 2008-2013: Rate floor of 4.49% APR applies; Payment example: A $10,000 loan at 4.49% APR would require 36 monthly payments of $297.42. Speak with a lender for more information.

Advertised rates are accurate as of 10/1/2020 and are available for members meeting standard credit criteria. Maximum loan amount is determined by vehicle age, vehicle value, and borrower qualifications. Payment example: A $10,000 loan at 2.49% APR would require 36 monthly payments of $288.58.