Refinance Your Auto Loan

Leave your high monthly payments in the rear view
It’s your Advantage

Rev Up Your Savings & Refinance Your Auto Loan with 1st Advantage Today

With our competitive rates, flexible terms, and low monthly payments, there’s never been a better time to refinance.

It’s Time To Upgrade Your Auto Loan

Are you looking to save money on your car payments? Refinancing your auto loan with us can help you lower your monthly payments, reduce your interest rate, and even get cash back.

No fees etc class=”wrapper”>

No Application Fee

With no application fee, you can apply for auto refinancing without worrying about upfront costs.

Deposit class=”wrapper”>

100% Financing

Get 100% financing for your vehicle, so you don’t have to worry about making a downpayment.

Calendar class=”wrapper”>

No Payment for 90 Days*

With no payment for the first 90 days*, you can enjoy a break from car payments as you get back on your feet financially.

Hands Dollar class=”wrapper”>

$200 Cash Bonus*

Receive a $200 cash bonus* when you refinance your vehicle, giving you a little extra money to help with unexpected expenses or savings.

Transfers class=”wrapper”>

Pre-Approval in Minutes

Get pre-approved for auto refinancing in just a few minutes, saving you time and effort.

ATM 1 class=”wrapper”>

Exceptionally Low Rates

Enjoy exceptionally low rates on your auto loan, helping you save money and pay off our loan faster.

Start Saving with Exceptional Rates

Whether you’re looking to lower your monthly payments or pay off your loan faster, we’re here to help you get the best possible deal on your auto loan.

New & Used Auto Loan Refinance

Term (Months)

Annual Percentage Rate (APR)*

*APR = Annual Percentage Rate. Current APR as of 4/1/2024. Other terms available. Minimum financed amount required. Minimum monthly payment required. Rate based on creditworthiness and term of loan. Rates are subject to change at any time and are not guaranteed. Listed Auto Loan rates include .25% discount with autopay setup and .50% discount for refinancing. Regardless of available discounts, 5.49% is the minimum APR offered. Mileage and the condition of the collateral will be considered. Certain restrictions apply. 

^APR = Annual Percentage Rate. Current APR as of 4/1/2024. Rates and terms based on credit criteria. Credit restrictions apply. Rates as low as 5.49% APR for up to 75 months assumes excellent credit. Minimum credit score of 640 required to qualify for promotion. Vehicle must be a 2021 or newer. Existing 1st Advantage loans are not eligible for refinance. Not valid with any other offer. Maximum interest rate is 17.95%. The minimum refinance loan amount is $5,000. Review your existing loans carefully to borrow the exact amount you need. Fixed-Rate Loans: The interest rate charged, and the annual percentage rate are constant for the life of the loan. 1st Advantage reserves the right to cancel this promotion at any time. Contact 1st Advantage for details.

Term (Months)

Up to 48 months

Annual Percentage Rate (APR)*


Term (Months)

Up to 60 months

Annual Percentage Rate (APR)*


Term (Months)

Up to 66 months

Annual Percentage Rate (APR)*


Term (Months)

Up to 75 months^

Limited Time Offer

Annual Percentage Rate (APR)*


Term (Months)

Up to 84 months 

Annual Percentage Rate (APR)*


Term (Months)

Up to 96 months 

Annual Percentage Rate (APR)*


Why Refinance Your Current Auto Loan?

With our hassle-free refinancing process, you can get pre-approved in minutes and enjoy exceptional customer service from our team of financial experts.

Save Money Each Month

Interest rates might have fallen since you got your initial loan, or you could have improved your financial situation. Either way, refinancing might give you access to a lower interest rate so you’ll enjoy a lower monthly payments and more money to spend in your budget.

Pay Off Your Loan Faster

Refinancing your auto loan allows you to change your initial loan terms. Some members choose to shorten their loans so they can pay their cars off much faster. Others choose to extend the length of their loan to better meet other financial obligations. The option is yours.

Pay Less in Interest

If you refinance your auto loan at a lower interest rate, you’ll pay less interest over the life of the loan. For many members, that savings translates into thousands of dollars.

Estimate Your Monthly Savings

Enter the details from your original loan, the amount you wish to refinance, and new desired term to estimate your monthly payment and interest rate.

Calculated payments shown are for estimation purposes only. Actual loan payment amount will be disclosed at loan closing and may differ slightly.

Get Answers to Your Questions

Yes! You can save hundreds or thousands of dollars refinancing with us.  Simply apply for a new auto loan refinance through our application portal, or visit a local branch to speak with a loan officer in person.

You can make a secure online loan payment with any debit card or bank account through our Online Banking system. You can set up a Payroll deduction or call 800-359-7650 or 757-877-2444 for Pay by Phone services. You can visit any of our 13 full-service branches or one of the 5,000 Co-Op Shared Branch locations throughout the Hampton Roads area. And finally, you can mail a check to 1st Advantage: P.O. Box 2116, Newport News, VA 23609.

Yes! Our Skip A Payment* program makes it easy to find extra cash  for whatever you choose! With our convenient online form, you can request to defer one of your monthly loan payments when you need to, from wherever you are.


  • You must have made 11 consecutive months worth of payments on the loan for program eligibility.
  •  All credit union accounts must be in good standing.
  • A $30 fee will be deducted from your savings or checking account per loan, per occurrence. If the funds are unavailable, the request will be unable to process.

Click here for the Skip A Payment Application.

Click here for the Skip A Payment with Co-Borrower Application.

*Fixed term Signature, Secured, and Vehicle loans qualify for Skip A Payment program. Credit Card, Signature Lines of Credit, Mortgage, Business, Payday, and Freedom Loans are not eligible for program. Charges and other restrictions may apply. Loan must be open for at least 11 months and member must be current on loan and all credit union accounts to qualify. If you have skipped a payment on a loan in the last 9 months, that loan does not qualify for this promotion. There is a $30 application fee per loan, per occurrence. All requests to defer a payment must be approved. Interest will continue to accrue during the deferral period. This will extend the original term and increase the amount of finance charges. If there is a Co-Borrower/Guarantor on the loan, all parties must sign to be eligible for this program.

Not finding what you’re looking for? See all our FAQs or Contact Us.

Explore Auto Loan Resources

We’re here to guide you through the process from start to finish.

Smiling person standing next to their car and on their phone

When Refinancing an Auto Loan Makes Sense

Knowing when to refinance an auto loan is important so that you make the best possible financial moves for your…
Learn more
Two people sitting in the front seat of the car smiling and looking at each other

Checklist: How to Compare Auto Loans

When it comes to auto loan shopping, comparing only monthly payments doesn’t tell you the whole story – or what…
Learn more
Two smiling people in a car with one holding a set of car keys

Is It Better to Buy a New or Used Car?

For some people, only a new car will do. But a used car may offer significant benefits where it matters:…
Learn more

Ready to Refinance Your Auto Loan?

Start exploring your refinancing options with us today and start saving!

Get started
Apply online
Apply in person
Find Your Nearest Branch
Get instant member help
Chat online


*Other terms available. Minimum financed amount required. Minimum monthly payment required. Rate based on creditworthiness and term of loan. Rates are subject to change at any time and are not guaranteed. Listed Auto Loan rates include .25% discount with auto pay setup and .25% discount for refinancing. Receive a cash bonus when you refinance a loan from another financial institution with 1st Advantage. Cash bonuses are based on loan amount. Receive $200 for loan amounts of $25,000 or more; Receive $150 for loan amounts of $20,000 to $24,999.99; Receive $100 for loan amounts of $15,000 to $19,999.99; Receive $50 for loan amounts $5,000 to $14,999.99 Minimum loan amount must be over $5,000 to qualify for this offer. Only one incentive paid per loan and funds will be credited to the primary applicant’s savings account between 60-90 days of loan funding date. All loan and deposit accounts must be in good standing to receive incentive. Existing 1st Advantage loans are not eligible for this offer. No payments for 90 days for credit scores 640+. Contact 1st Advantage for details.