Auto Refinance loans

Fixed rates from 5.75% to 14.27% APR.Disclosure 1

Drive down your monthly car payments.

Take advantage of lower interest rates and reduced monthly payments with an auto refinance loan. Excellent credit required for lowest rates.

Schedule an appointment Calculate your monthly payments

Apply in person for a new car loan., or by phone if you have a Truist account. Call 877-882-1186.

Benefits of a Truist auto refinance loan

Refinancing could mean a lower interest rate, smaller monthly payments, or a better fit for your current budget.

Personalized service

 

A Truist loan specialist will guide you through the application and answer any questions.

Quick decisions

 

Approvals are fast—and you can receive your funds as soon as today.Disclosure 2

Competitive rates

 

With low, fixed rates, you can save in interest over the life of your loan.

Auto refinance loan details - Rates, fees, and more

We offer terms up to 84 monthsDisclosure 3 , no pre-payment fees, and a 30-day interest rate lock.Disclosure 4

Loan amounts:

$3,500 to $400,000Disclosure 5

Loan type:

Secured
Availability:

Available in branches in the following states: AL, AR, DC, FL, GA, IN, KY, MD, MS, NJ, NC, OH, PA, SC, TN, TX, VA, WV.
Interest rates:

Fixed rates from 5.75% to 14.27% APRDisclosure 1

Terms:

Up to 84 monthsDisclosure 3

Interest rate lock:

30 daysDisclosure 4

Funding:

As soon as todayDisclosure 2

Collateral:

Automobile
Model year:

Up to 20 prior model years
Mileage:

Up to 120,000 miles
Payment options:

Digital, Autopay, mail, phone, in-branch
Pre-payment penalties:

None
Late or returned payment fees:

Varies by state

Estimate your monthly car payments.

To start, input your purchase price and any down payment, along with your loan term (months) and your interest rate or annual percentage rate (APR). You can toggle between Over time, Various terms, and Amortization to get more details.

This calculator is made available by one or more third party service providers. It is not intended to be an advertisement for a product or service at any of the terms used herein. It is not intended to offer any tax, legal, financial or investment advice. All examples are hypothetical and are for illustrative purposes. Truist Financial Corporation ("Truist") and its affiliates do not provide legal or tax advice. Truist cannot guarantee that the information provided is accurate, complete, or timely. Federal and state laws and regulations are complex and are subject to change. Changes in such laws and regulations may have a material impact on pre- and/or after-tax investment results. Truist makes no warranties with regard to this calculator or the results obtained by its use. Truist disclaims any liability arising out of your use of, or any tax position taken in reliance on, this calculator. Always consult an attorney or tax professional regarding your specific legal or tax situation.

Frequently asked questions about auto refinance loans

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There are several factors that help determine if you qualify for an auto refinance loan. Those include your credit profile, the age and condition of your vehicle, your loan-to-value ratio (the amount you currently owe on your car compared to its current market value), your debt-to-income ratio, and the terms of your current auto loan. Your income and employment status may also be considered.

Our secured auto refinance loans offer no origination fees and no pre-payment penalties. Late payment and returned payment fees vary by state. You can check your current auto loan to see if there is a pre-payment penalty.

We offer fast funding, and you may have your funds as soon as today.Disclosure 2

If you refinance with Truist, you’ll use funds from your new Truist loan to pay off the remaining balance on your existing auto loan. You’ll then make monthly payments to Truist under the terms of the new loan.

It may be possible to refinance an auto loan if you owe more than your car’s value (also known as being “underwater” or having negative equity), but approval depends on several factors. Most lenders, including Truist, have limits on how much negative equity they’re willing to refinance. You may need to make a down payment to cover the difference or roll the extra amount into the new loan, which could result in higher payments. A Truist teammate can review your refinancing options and help you determine the best path forward.

You may also be interested in these options.

Used auto loans – dealership

With same-day funding available,Disclosure 2 quick decisions, and a 30-day interest lock guarantee,Disclosure 4 we make it easy to get in the driver's seat at any auto dealer.

Learn more
New car loans

We have solutions to fit your budget and help you get on the road.

Learn more
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Disclosure 1 Your loan terms, including APR, may differ based on amount, term length, and your credit profile. Current rate range is 5.75% to 14.27% APR. Excellent credit is required to qualify for lowest rates. Less than a majority of applicants qualified for lowest rate. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. These offers are subject to credit approval under Truist underwriting guidelines including qualifying loans with certain debt to income, FICO® scores and other underwriting credit criteria.

Disclosure 2 For a secured auto loan: Your loan officer will provide you with guidance on what documentation is needed to help expedite the approval process.

Disclosure 3 For comparison purposes, a consumer who finances a car for $25,000 at a term of 84 months and at an annual percentage rate (APR) of 6.18% would remit 84 payments of $367.00.

Disclosure 4 Once your application is approved, the interest rate is valid for 30 days as long as there are no changes to your application or loan terms.

Disclosure 5 Minimum loan amount may vary in some states to comply with applicable law.

Disclosures

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New York City residents:

Translation or other language access services may be available. When calling our office regarding collection activity, if you speak a language other than English and need verbal translation services, be sure to inform the representative. A description and translation of commonly-used debt collection terms is available in multiple languages at http://www.nyc.gov/dca.

Borrowers with Limited English Proficiency (LEP) needing information can use the following resources:

The Consumer Finance Protection Bureau (CFPB) also provides additional resources for homeowners seeking payment assistance in select languages at: https://www.consumerfinance.gov/housing/housing-insecurity/help-for-homeowners/

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