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DFCU Beats Your Rate

OR Get Paid $100*

DFCU Beats Your Rate

OR Get Paid $100*

Auto Loan Refinance Challenge — Valid until April 30th, 2024


Imagine this: wind in your hair, cruising the open road, with DFCU's Beat Your Rate Auto Loan Promo putting extra cash in your pocket. For a limited time, we guarantee to beat your current interest rate, or you get $100*. Refinance your auto loan with us and unlock better repayment terms today!


Why Make the Switch:



Payment Break

Enjoy your first three (3)
months without a payment^

Flexibility

Defer payments every six months with our Skip Program+

Bonus Discounts

Open a Shield Elite and score an additional 0.25% off1

Refinancing isn't just about securing a lower rate or $100*; it's about optimizing your finances for a smoother journey ahead. Don't let this chance to revitalize your budget pass you by — apply today and drive towards a brighter financial future!

Rates
FICO APR* Term
720+ 5.24% 36 months
680-719 7.25% 36 months
640-679 10.50% 36 months
600-639 13.25% 36 months
≤599 16.75% 36 months

Start Application
Interested in the Beat Your
Rate Offer?

Simply provide your name and phone number and we’ll give you a call.

Call Request Form - Mobile

Or call us at 562.862.8141


Vehicle Loan Calculator



**APR=Annual Percentage Rates. Rates as of 04/29/24. Rates shown are our preferred rates based on credit worthiness and a 0.25% Direct Deposit discount, if applicable, and a 0.25% discount for automatic payment. The actual APR will be determined at the time of disbursement and will be based on your application and credit information. Not all applicants will qualify for the lowest rate. Rates quoted assume excellent borrower credit history. Rates and terms are subject to credit approval, are subject to change at any time and without notice. Monthly payments and loan rates provided using this calculator are not a guarantee of credit. Other rates and terms are available.
FAQs

🞡 Can I refinance my current DFCU loan?
  • This offer is exclusive to new loans — current loans from Downey Federal Credit Union are not eligible.


🞡 Can I refinance a car older than 6 years?
  • This offer applies to autos 5 years old or younger, autos 6 years or older do not qualify.


🞡 I owe less than $10,000 on my car, can I refinance?
  • This offer applies to auto loans carrying a balance more than $10,000.


🞡 Why would I want to refinance?
  • Firstly, you could secure a lower interest rate, resulting in reduced monthly payments and potentially saving you hundreds or even thousands of dollars over the life of your loan. Additionally, refinancing may allow you to adjust your loan term, providing flexibility in managing your budget and financial goals. Moreover, our promotion offers the added perk of a $100 guarantee if we cannot beat your current auto loan rate, giving you peace of mind and extra savings.

*APR=Annual Percentage Rate. The "Beat Your Rate" (BYR) promo offer valid for auto loan applications submitted between April 9 to April 30, 2024, and loan must be approved and funded by May 2, 2024 to be eligible for this offer. Loan approval is not guaranteed, standard DFCU loan underwriting guidelines apply. If applicant meets DFCU loan qualifications and DFCU is unable to beat applicant's current auto loan APR from another lender, member may receive $100. Current DFCU loans are not eligible. Payout will be deposited to the applying member's DFCU savings account no more than two weeks from the day the loan rate is not beat — if applicant is not a member then a DFCU membership must be established prior to depositing the payout. If DFCU agrees to beat applicant's current auto loan APR, but applicant to declines the loan offer, applicant will not be eligible for payout. Beating the APR from another lender may require that member qualify for current loan rate discounts which are 1) 0.25% APR rate discount for direct deposit in to a DFCU checking account and/or 2) 0.25% APR rate discount for member having a DFCU Shield Elite Checking account. DFCU's floor rate for this promotion is 5.24% APR, loans under this floor rate do not qualify for this offer. Offer is valid for the financing of one automobile. DFCU will need to verify loan documentation of current loan that verifies rate from another lender, DFCU will not be responsible for beating your current rate without proof of current rate. Loans older than 24 months do not qualify, and the current loan from another lender must not have any past due payments in the past 24 months to qualify for BYR. The minimum loan amount required to qualify is $10,000. The BYR offer applies to autos 5 years old or younger, autos 6 years or older do not qualify. Other terms and rates are available. Rates are subject to change without notice. To see DFCU auto loan rates and terms visit www.downeyfcu.org. ^*90-days: No Payment/loan deferral program only applies to new vehicles (model years 2023 & newer), and used vehicles up to 5 years old. New money only; no refinancing of a current DFCU loan. Standard minimum loan amount is $5,000 — but the minimum to be used in conjunction with BYR is $10,000. Loan interest will accrue from the date of loan disbursement & the life of the loan is extended by 3 months. Membership in good standing is required to qualify for this loan promotion. Primary member's FICO score must be 660 or greater. Members can make additional payments at any time.
  • Late payment charge (more than 10 days late): 20% of the interest due that month
  • No application fee
  • No pre-payment penalty
Vehicle Loan Calculator
**APR=Annual Percentage Rates. Rates as of 04/29/24. Rates shown are our preferred rates based on credit worthiness and a 0.25% Direct Deposit discount, if applicable, and a 0.25% discount for automatic payment. The actual APR will be determined at the time of disbursement and will be based on your application and credit information. Not all applicants will qualify for the lowest rate. Rates quoted assume excellent borrower credit history. Rates and terms are subject to credit approval, are subject to change at any time and without notice. Monthly payments and loan rates provided using this calculator are not a guarantee of credit. Other rates and terms are available.