How to Refinance Your Vehicle

How to Refinance Your Vehicle

Depending on your financial situation, refinancing your vehicle could be a great and relatively easy way to save money! Refinancing makes sense for people who: 

  • Have recently seen an improved credit score 
  • Desire to shave time off the auto loan
  • Having trouble making the monthly payments

Regardless of the reason why you are researching how to refinance your current vehicle, BluCurrent Credit Union is here to help! 

To start, here are a few steps to take to ensure a smooth refinance process.


Apply for a Refinance

Choosing a financial institution to handle your refinance is the first step. Apply for a refinance with BluCurrent Credit Union by filling out an online application, calling, or visiting a local branch. We’re ready to provide you with a great rate and walk you through every step of the process!


Provide These Documents to Refinance

As you meet with our team, be prepared to provide a copy of the following documents: 

  • Car title
  • 10-day payoff
  • Current insurance card

Other documentation may be requested, such as proof of income or a lien release, if applicable to your circumstances.


Final Steps

Decide if you’d like additional protection. Refinancing through BluCurrent provides you with access to added protection for your vehicle: Guaranteed Asset Protection & Debt Protection. This type of protection goes beyond typical auto insurance, allowing you to have peace of mind if you're a victim of an accident or theft.

Double-check your current insurance policy. Since you are required to provide your proof of insurance, this is a great time for you to review your current policy and ensure that you possess the right coverage, especially to avoid added premium coverage on your loan. If it is time to make a change to your policy, do so before applying for your refinance.

Titling the vehicle. If there is a change of ownership or lien holder, you will be required to get an updated title reflecting this new information. A lien is filed electronically with the state, and documentation will be provided to you at the time of finalizing the loan. You will then take those items along with the title to your local DMV to file for the new title.


Get Started on Your Refinance Today

BluCurrent Credit Union is ready and able to assist you with you a smooth refinance process. Get started today by using our video banking tool, giving us a call, or visiting one of our locations in Springfield or Nixa, MO. 

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