Yes. If you love your car but not your payment, you can refinance your auto loan from another lender with First Commerce Credit Union and take advantage of competitive rates, up to 100% financing, and flexible terms.

Yes – qualified borrowers can make no payments for up to six months on a new or refinanced auto loan. Keep in mind interest accrues during that period, which adds roughly $5–$15 per month to a typical payment over the life of the loan. Waiting the full six months is optional, and there’s no penalty for paying your loan off early.

For a limited time, after six months of on-time payments you can choose to either shorten your loan term or reduce your monthly payment – right in the First Commerce app, in minutes. The reduced rate is based on the posted rate for your original loan term, your balance must be greater than $5,000, and additional eligibility requirements and credit qualifications apply. Limit one rate reduction per loan.

When you finance with First Commerce, you’re eligible for Vehicle Services including GAP Waiver, Mechanical Repair Coverage, Paintless Dent Removal, and Key Coverage — protection that helps keep an unexpected repair from becoming a financial setback.