Credit union auto refinance
Many borrowers prefer credit unions because they feel less sales-driven. That can be a valid preference. The decision still comes down to tradeoffs: APR, term, fees, and break-even timing.
What to ask for
- APR (and whether it is fixed)
- Term length
- All fees (origination, title, documentation, etc.)
- Whether fees are rolled in or paid upfront
What to compare
Compare the new payment and the total remaining cost versus your current loan. If fees exist, check break-even timing. Avoid comparing payment alone.