Sometimes, taking a closer look at your current vehicle loan can uncover an opportunity to save money. Recently, Danielle Sanger, Financial Services Officer II, at our 52nd Ave location in Fargo, helped a member explore their options for refinancing a vehicle loan they had with another financial institution.

After reviewing the member’s loan, Danielle was able to help them refinance their vehicle loan and save $3,656 in interest while also reducing the length of the loan by nine months. That means the member can spend less on interest over the life of the loan and pay off their vehicle sooner.

Refinancing your vehicle loan may be worth considering if your financial situation has changed, you’ve had your current loan for a while, or you simply want to see if there are opportunities to save. Every situation is different, but taking a few minutes to review your options can help you better understand what refinancing could mean for your budget.

Want to see what your potential savings could look like? Try our Auto Refinance Calculator to estimate how much you could save and see if refinancing makes sense for you.

Ready to explore your options? Apply for an auto refinance today, or stop by our 52nd Ave location and connect with Danielle to learn more about how refinancing could work for you.

Insured by NCUA. Individual results may vary. Savings and loan terms depend on creditworthiness and other factors.