Auto Loan Refinancing

Unlock the potential for savings with your auto loan.

Get in the driver’s seat with rates as low as

5.49 - 6.99 %
APR 47
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Let’s get started.

Refine your ride with Coastal's Auto Refinancing.

  • Lower Your Payments

    Get a $100 reduction in your monthly payment, or get $200 cash back if we can't lower it.46

  • New & Used Auto Loans

    Apply for preapproval with us and enter the dealership with financing in hand.

  • Flexible Terms

    Get terms up to 84 months, with no penalty for paying off your loan early.44

  • 45 Days Until First Payment

    Get up to 45 days until your first payment is due when you refinance with us.45

  • No Pre-Payment Penalty

    Pay off your auto loan early without the worry of extra fees.

  • Affordable Options

    We offer loan options for members who have experienced past credit problems.

How To Refinance Your Auto Loan

  • Simple Online Application

    Apply easily through our digital platform.

  • Required Documents

    Prepare your driver’s license, vehicle information, and current loan details.

  • Approval Process

    Our team will review your application promptly to provide a quick response.

Get the Numbers with our Auto Loan Calculator

See how much you could save by refinancing. Input your current loan details to get tailored results.

Frequently asked questions about our Auto Refinancing.

To refinance your auto loan to Coastal, you must meet credit, income, and collateral requirements. If you have an existing auto loan with Coastal that you want to refinance, please contact a loan representative for additional requirements.
For information on how your credit score may be affected by refinancing, contact Equifax, Experian, or TransUnion.
You may be eligible to refinance your auto loan if you owe more than your vehicle's current value.
You can refinance your auto loan to Coastal within the same day as your loan approval if you are able to provide all the requirements needed.
You do not need to change your auto insurance carrier to refinance your auto loan to Coastal. However, you will need to update your loss payee to Coastal.
Coastal does not charge fees to refinance your auto loan; however, the Department of Motor Vehicles may assess fees if you have any changes to your title or registration.

Vehicle Total Loss Checklist

We are here to help as you work through the process of paying off your vehicle loan for which you experienced a total loss. Below is a detailed checklist of the items needed to start the process. Once you obtain these items, please either email them to [email protected] or fax them to 866-384-2560. Once we receive all documentation, we will work diligently to see this process to the final stages. And, should you want to purchase a replacement vehicle, please keep Coastal in mind.
Items Needed to Start the Total Loss Process
  • Letter of Guarantee - This is a letter from your insurance company stating the amount they've agreed to pay on your loan balance. The letter should contain the following information: total loss date, Year of vehicle, make and model, Mileage at date of loss, VIN (Vehicle Identification Number), and Settlement amount (the amount the insurance company is paying on your outstanding vehicle loan).
  • Settlement Breakdown – The insurance company will provide this.
  • Market Evaluation - The insurance company will provide this, detailing your vehicle's market value.
  • Copy of Police Report or Cause of Loss Letter - If the incident did not require a police report, the insurance company will provide the Cause of Loss Letter.
  • Extended Warranty - If you purchased an extended warranty, contact the dealership to address the following items.
    a) Obtain a dealer quote on the service warranty refund,
    b) Ask the dealer to cancel the warranty, and
    c) Warranty refund should be mailed to:
    Coastal Federal Credit Union Attention: Payment Processing
    1000 Saint Albans Drive
    Raleigh, NC 27609