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Refinance

Auto Loan Refinance

Take advantage of low-interest rates! Refinancing your auto loan from another lender with LorMet could save you money.

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✔ Easy online application process and account management

✔ Low monthly payments up to 72 months

✔ Competitive rates as low as 3.38% for new autos (2019 or newer)

✔ Enroll in Direct Payment for automatic payment from your account each month

Credit Life Insurance and Credit Disability Insurance available for purchase

GAP Coverage also available for purchase

 

Loan Payment Calculator Tool

 

Vehicle Loans
Loan Type APR* Term
New Auto1 as low as 3.51 up to 36 months
New Auto as low as 3.38 up to 72 months
Used Auto as low as 4.42 up to 72 months
New Motorcycle as low as 3.38 up to 72 months
Used Motorcycle as low as 4.42 up to 72 months
New Boat as low as 3.63 up to 72 months
Used Boat as low as 4.42 up to 72 months
New Jet Skis, Snowmobiles, & ATVs as low as 3.63 up to 72 months
Used Jet Skis, Snowmobiles, & ATVs as low as 4.42 up to 72 months

 

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LorMet is Lorain County’s #1 Auto Lending Credit Union

Call us at 440-960-LOAN for more information.


*APR = Annual Percentage Rate. Vehicles 2019 or newer. Rates are based upon an individual’s credit score. Qualifying factors include, but are not limited to, vehicle mileage, negative equity allowances, amount, and condition. TransUnion FICO Auto Enhance Score of 740 or above is required for LorMet’s lowest possible rate. Vehicles currently financed with LorMet are excluded from this offer. The APR listed above includes a loan documentation fee and maximum term financing. Not all applicants will qualify for the lowest APR or maximum term. All loans are subject to underwriting policy and guidelines, credit verification and credit repayment history. Other rates and terms are available. Advertised APR and term is current as of March 17, 2020, and are subject to change without notice.

Loan Payment Example: For $25,000 borrowed at 3.99% APR for a term of 72 months, the monthly payment would be approximately $389.26. APR and payments may vary for other loan amounts and repayment terms.