Refinance Your Auto Loan in Duluth & Superior

If you're paying more than you'd like on your car, truck, or SUV, refinancing could lower your monthly payment, and you don't have to already bank with us to do it. Centricity Credit Union refinances vehicle loans held at other institutions for members across Duluth, Superior, and the surrounding communities, and you can refinance up to 100% of a loan from a different institution.

One member put it simply: "I saved $175/month refinancing my car loan. The whole process took less than a day!" Results vary from person to person, but the idea is the same: move your loan to a rate and term that fit your budget, and keep the difference.

What refinancing your vehicle with Centricity means

Refinancing replaces your current auto loan with a new one from Centricity, ideally at a better rate, a term that fits your budget, or both. What you get here:

•  Up to 100% of your loan from a different institution refinanced (and up to 120% financing available in some cases, based on the vehicle and program requirements).

•  Flexible terms designed to fit your budget.

•  Local service from a team based right here in Duluth and Superior.

Because we're a local credit union, you get a real person to talk to, not a call center three time zones away.

Why members refinance

People refinance a vehicle for a few common reasons:

•  Lower the monthly payment to free up room in the budget.

•  Get a better rate than the one they were offered at the dealership.

•  Adjust the term as life changes, whether that's a new job, a growing family, or a tighter month.

Every situation is different, so the real question is what your numbers look like. You can see current auto rates and estimate a payment on our auto rates page, and a loan officer can walk through the math with you before you commit to anything.

How refinancing works

Refinancing your vehicle loan is easier than most people expect. A typical path:

Step 1: Apply with Centricity (online, by phone, or in a branch; see below).

Step 2: We review your loan application and vehicle information to quote your rate and term.

Step 3: We pay off your current lender. You'll need a 15-day payoff letter from your current lender. It states your exact payoff amount, so it's worth requesting early to keep things moving.

Step 4: Your title is updated. We help get Centricity listed as the lienholder on your title.

That's it. From there you make one payment to Centricity at your new rate and term.

Three easy ways to apply

Choose whatever's easiest for you:

•  Online: a quick 5-minute application you can finish from your phone or laptop.

•  By phone: talk it through with a Centricity loan officer.

•  In person: stop by any Centricity branch.

Already applied? You can check your application status online anytime.

Frequently asked questions

Can I refinance a loan I have with another bank or credit union?

Yes. Centricity refinances vehicle loans from other institutions, up to 100% of your existing loan.

How long does refinancing take?

It's often fast. The application itself takes about five minutes, and many members complete the process quickly. Having your current loan details and a 15-day payoff letter ready helps.

What do I need to get started?

Your current loan information, details on the vehicle, and a payoff amount from your existing lender (the 15-day payoff letter). A loan officer can tell you if anything else is needed for your situation.

Do you help members in Superior, Wisconsin?

Yes. Centricity has branch locations in Hermantown, Duluth, and Superior, and serves members across St. Louis, Carlton, Pine, Lake and Douglas Counties.

Ready to lower your payment?

Our lending team lives and works in Duluth and Superior and has helped members through every kind of vehicle loan. As Nate, our Senior VP of Lending, puts it: "It can be your first car or your next truck, we are here for you as life happens."

Apply to refinance your vehicle with Centricity today, or call a loan officer to see what you could save.

Centricity Credit Union. Serving Hermantown, Duluth, and Superior. Membership eligibility may apply. All loans subject to approval.