Get $200 when you refinance your auto loan!1
New rate, who dis?
Refinance your auto loan from another institution and get $200!
Auto rates have changed, and that could be good news for your wallet! If your current auto loan is with another lender, refinancing with Bay Federal Credit Union may help you secure a more competitive rate, lower your monthly payment, or both. And to make the switch even sweeter, you’ll get $200 when you refinance an eligible auto loan.
When you get a loan with us, you get:
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90 days of no payments2
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Competitive rates
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Great service from a local, trusted credit union
Plus, when you open a new checking account at the same time and complete a few simple steps, you'll become eligible for an additional $100!3
Autos*
| Up to 48 months | 66 months | 72 months * | 84 months ** | |
|---|---|---|---|---|
| Tier 1 | 5.49% | 5.74% | 6.24% | 6.49% |
| Tier 2 | 5.99% | 6.24% | 6.74% | 6.99% |
| Tier 3 | 6.74% | 6.99% | 7.49% | 7.74% |
| Tier 4 | 8.24% | 8.49% | 8.99% | 9.24% |
| Tier 5 | 9.74% | 9.99% | 10.49% |
1$200 auto loan bonus paid within five (5) business days of funding to membership savings account. Offer available on the refinance of a 2016 or newer vehicle currently financed at another financial institution. Refinances of current Bay Federal Auto Loans are not eligible for this offer. Offer valid to new and existing members on direct auto refinances of $10,000 or more.
All loans subject to credit approval with credit score (Experian FICO V9 Auto Score) of 640+, income verification and valid Social Security Number or ITIN per Bay Federal Credit Union lending requirements. Maximum LTV up to 125%. Must have a valid driver’s license. Bay Federal Credit Union membership required at the time of closing. Loan must be funded by December 31, 2026, to qualify for this offer. Business memberships and Bay Federal Credit Union employees and officers are not eligible. Other terms and conditions may apply. This offer is subject to change without notice. For more information, call us at 831.479.6000 or toll-free at 888.4BAYFED.
2First payment deferred for 90 days. Interest will continue to accrue from date of loan disbursement and becomes due once payments begin.
3An additional $100 checking bonus is available when a qualifying auto refinance is funded, and a new checking account is opened at the time of or after funding. To qualify, enroll in eStatements and complete one qualifying debit card purchase (ATM transactions excluded). All requirements must be met within sixty (60) calendar days of loan closing. Bonus will be paid to the checking account within five (5) business days of qualifying. Account must be in good standing at time of payout. All checking accounts subject to approval. Members who have had an open Bay Federal Checking account in the past six (6) months are ineligible.