Refinance Auto Loans
Save thousands by lowering your monthly payment and paying less interest when you refinance your auto loan to a lower rate.
Apply today and see how we can save you money.
Visit your local branch or call us toll-free at 1.800.650.6328.
Why refinance your auto loan?
The number one reason to refinance your auto loan is to simply save money. Maybe you didn't get the best rate when you purchased your vehicle. Maybe your credit has improved since your purchase and you can now command a lower interest rate.
When you refinance your auto loan with Gulf Winds, you can refinance it for however many months you have remaining on your current auto loan. That way your payoff date won't be extended but you will still save money with our lower rate.
Gulf Winds offers:
- Rates as low as 3.39% APR
- Flexible Payment Options
- 36 months; a shorter term means you'll pay off your car sooner
- Up to 84 months; lower your monthly payment even more
- No Payments for 90 Days
- Simple Loan Application
- Auto Loan Protection
- Protect your loan with Extended Warranty, Guaranteed Asset Protection (GAP) and Credit Life & Credit Disability on your auto loan.
How You Can Save
An auto loan refinance can be a great way to save money every month with lower payments and better rates.
For example, say when you purchased your vehicle, you financed $26,000 over six years at 5.49% APR. Your monthly payment is $424.66. One year later, you've paid over $1,300 in interest! At the end of the six-year loan, you will have paid more than $4,500 in interest.
View the chart below to see how refinancing your auto loan can save you money every month.
|Refinanced Auto Loan†||Continue Current Loan†|
|Term||60 months||60 months|
Monthly Savings = $19.72
Total Savings = $1,183.34
†Amounts used for illustration purposes only.
|Term||APR Range||Est. Payment/$1,000 Borrowed|
|Up to 36 months||3.39% - 13.99%||$29.25 - $34.20|
|Up to 66 months||3.54% - 15.99%||$16.70 - $22.90|
|Up to 75 months||4.04% - 17.99%||$15.11 - $22.32|
|Up to 84 months||5.04% - 7.84%||$14.15 - $15.51|
Rates as of . Maximum loan term will depend on the age of collateral and/or the size of the loan. The actual APR may vary based on the applicant's credit history and underwriting criteria. Add 1% APR for an vehicle with over 75,000 miles.
Car Buying Service
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