First Northern Credit Union - Auto Loan Refinancing

Is refinancing your auto loan the right move for you? Refinancing with First Northern Credit Union is fast and easy, and could mean a lower rate, a lower payment — or both!

Which Auto Refinancing Option Is Best For You?

Conventional Refinancing: Lower Rate & Payment
Driving Sense: Up To 40% Less Monthly

Lower Your Payment By Lowering Your Rate

Conventional auto refinancing usually means lowering the rate you are paying at another institution — and that lower rate could mean you're saving money each month! What would you do with thousands of extra dollars over the life of your loan?

Rates as low as 4.34% APR*
Terms up to 72 months
Refinance up to 100% of the vehicle's value
No application fees
Your monthly payment remains fixed over the life of your loan
We refinance vehicles up to 7 model years old
Optional GAP, Debt Protection, Extended Warranty and Mechanical Repair Coverage available

Apply Now SEE HOW MUCH YOU CAN SAVE

See How We Compare

Financing Option	First Northern	Other Lender
Loan Amount	$40,000	$40,000
Rate	5.04% APR*	8.99% APR*
Term	60 months	60 months
Monthly Payment	$755.58	$830.14
Refinance with First Northern, and you could save $74.56 monthly, and up to $4,473.60 over the life of your loan!

Auto Loan Refinancing Rates

Get a monthly payment of up to 40% less

Driving Sense™ is similar to a lease but better — it combines all the benefits of owning a vehicle with the advantages of leasing. And, you can save up to 40% less each month when you choose Driving Sense!

Monthly payments up to 40% less than a conventional auto loan
Rates as low as 4.59% APR*
No money down, and no hidden costs — even finance taxes, program fee, and registration fees
Available on new and used vehicles up to 5 model years old
Flexible terms from 24 to 72 months
GAP coverage is included at no additional cost to you ($579 value)
Optional Extended Warranty and Mechanical Repair Coverage available

Learn More & APPLY SEE HOW MUCH YOU CAN SAVE

See How Driving Sense Compares

Financing Option	Conventional Refinancing	Driving Sense
Loan Amount	$40,000	$40,000
Rate	5.04% APR*	5.29% APR*
Term	60 months	60 months
Monthly Payment	$755.58	$431.91*
You could save $323.67 each month — a savings of over 42%!

Driving Sense: Loan/Lease Hybrid Rates

New Auto Loan Refinancing: Promotional Rates
Includes current and one-year prior model year vehicles refinanced from another lender
Term	APR*
Up to 29 months	As low as 4.34%
30 - 41 months	As low as 4.54%
42 -53 months	As low as 4.84%
54 - 65 months	As low as 5.04%
66 - 72 months	As low as 5.54%

Used Auto Loan Refinancing: Promotional Rates
Includes vehicles up to 7 model years' old refinanced from another lender
Term	APR*
Up to 62 months	As low as 5.04%
63 - 65 months	As low as 5.34%
66 months	As low as 5.34%
67 - 72 months	As low as 5.54%

Apply Now Learn More

*APR=Annual Percentage Rate. Limited time offer valid for refinancing an auto loan from another lender only. Existing First Northern vehicle loans do not qualify for this offer nor do Driving Sense loans, LendPro loans, First-time Car Buyer Program, Credit Rebuilder vehicle loan, Miscellaneous Collateral, and RateGenius loans. Not valid with any other offers or discounts. Subject to credit approval. Rates are subject to Lender’s credit criteria, certain conditions, and restrictions and are subject to change at any time without notice. Rate quoted is the lowest rate for highly qualified applicants. Your rate will be determined at the time of your application and may be higher. Repayment Example: A loan of $40,000 at 5.04% APR for 60 months is a monthly payment of $755.58 and total interest of $5,334.96. **For no payments for 90 days, interest accrues from the date of loan disbursal. Title correction fee and other processing fees may apply.

Driving Sense: New Vehicles (Purchase or Refinance)
Term	APR*
Up to 29 months	As low as 4.59%
30 - 41 months	As low as 4.79%
42 - 53 months	As low as 5.09%
54 - 65 months	As low as 5.29%
66 - 72 months	As low as 5.79%

ApplY FOR A NEW AUTO Get a Custom Quote Learn More

Driving Sense: Used Vehicles (Purchase or Refinance)
(5 model years or newer)
Term	APR*
Up to 62 months	As low as 5.29%
63 - 66 months	As low as 5.59%
67 - 72 months	As low as 5.79%

Apply for a used autO Get a Custom Quote Learn More

*APR=Annual Percentage Rate. Repayment example: Driving Sense loan amount of $40,000, 5.29% APR, term of 60 months, and a $895 one-time program fee financed into the loan to secure a Guaranteed Future Value of $18,500: Payments 1-59 are $431.91 with a 60th/final payment due for the residual value amount of $18,500 (Guaranteed Future Value) and total interest paid of $3,982.53. You have four options to satisfy the final payment, as noted above. If you elect to return the vehicle you will have the following obligations: 1. All original equipment that came with the vehicle when you purchased it must still be with the vehicle. 2. If you exceed your mileage allowance, the excess mileage fee is $.10 per mile, and 3. The condition of the vehicle when returned must comply with the Loan Addendum provided to you at the time of loan disbursement. If you return the vehicle in accordance with the Loan Addendum, you will be charged a low $195 disposition fee and the residual amount is considered to have been fully satisfied and the loan is closed.

How It Works

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Want an even lower rate?

With direct deposit of any amount into an Advantage Checking account, get an additional 0.25% APR* discount off our non-promotional auto loan rates while earning 1.00% APY* on your balance!

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