Should you refinance your auto loan?
When you refinance, you replace your current car loan with a new one. This includes a USAA Bank Auto Loan or one you have with another bank.
You may be able to lower your payments by getting a better interest rate or changing the length of your loan. See note 2
Estimate your monthly payment.
Auto loan refinance FAQ
Every situation is different. Whether you’re trying to save money on your car payment or lower your rate, you may need to crunch some numbers.
To help you make the best decision, read our auto refinancing guide advice to help you make the best decision.
If you're getting Servicemembers Civil Relief Act (SCRA) or state service member benefits or protections, your refinanced loan may no longer be eligible for benefits or associated protections.
For more info, read about SCRA and state benefits to understand your SCRA benefits and protections.
Your loan is upside down if you owe more on your car than it's worth.
You might be able to roll that negative equity into your new loan. We'll determine how much you can borrow based on your credit, income and our value of the vehicle.
We'll need your 10-day payoff amount and details about your employer, income and housing.
The 10-day payoff is usually different from your current loan balance. It's the total amount needed to pay off a loan within 10 days. That amount includes the principal, interest, fees and any other charges to settle the loan.
You'll need to request the 10-day payoff amount from your lender. If you're refinancing a USAA Bank Auto Loan, we should be able to add your payoff amount to your application automatically.
Find out if refinancing can help you save.
