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Home > Personal > Loan Center > Auto Refinance

Auto Refinance


Do you love your car but not your rate?  Refinancing is quick, easy, and could save you a great deal of money each month - which could add up to hundreds of dollars of savings over the life of your loan.  Members First has just the right options to meet your auto loan needs - the right interest rate, dollar amount, term, and service!  Apply online, call us at (850) 434 - 2211, or stop by one of our branch locations.

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Refinancing your Auto Loan can be a great way to save money every month with lower loan payments and better rates, here's how:

  • Example: When you purchased your vehicle you financed $27,000 over six years at 5.49% APR. Your monthly payment is $441.04. One year later, you have paid over $1,385 in interest. At the end of the six-year loan, you will have paid more than $4,750 in interest.

Auto Refinance Loan Comparison
 Refinanced Auto Loan+Continue Current Loan+
Interest Rate 3.99% 5.49%
Amount $23,092.56 $23,092.56
Term 60 months 60 months
Monthly Payment $425.20 $441.04
Interest Rate $2,418.88 $3,368.26
Total Paid $25,511.44 $26,460.82

Monthly Savings = $15.84
Total Savings = $949.38

+Amounts used for illustration purposes only. 


Protect your loan with Extended Warranty, Guaranteed Asset Protection (GAP), and Insurance.

Avoid Costly Repairs

Drive with the peace of mind knowing that with Mechanical Breakdown Protection (MBP) you have protection against the increasingly high cost of repairs and associated labor costs for mechanical and electrical vehicle failures. In addition to repairing your vehicle, MBP provides services such as rental car allowance, tire protection, 24/7 roadside assistance, and towing. MBP is available for both new and used vehicles. This coverage will protect your vehicle after your warranty has expired. Ask us how you can drive with the proper protection against costly repairs!

Benefits of MBP

  • $0 Deductible on Repairs
  • Total Loss Refund
  • 24/7 Roadside Assistance & Towing
  • Rental Car Allowance
  • Hybrid Battery Coverage

Need More Details?

For more details or to add this important protection product to your loan, call us at (850) 434-2211 or email us.


In most circumstances, your vehicle is worth a lot less the second you drive off the lot. Protect the investment made in your vehicle with GAP.

What is GAP?

Guaranteed Asset Protection, or GAP, is a voluntary, non-insurance program offered as protection on a new or used vehicle that is financed or leased. It is a supplemental benefit that enhances, rather than replaces, your standard comprehensive, collision, or liability coverage. GAP waives the difference between your primary insurance carrier's settlement and the payoff of your loan.1 In other words, it protects the "gap" between your vehicle's value and the amount you still owe in the case it is damaged beyond repair or stolen and never recovered.

How does GAP Work?

Depending on where you live, the established market value of your vehicle could be less than the actual balance you owe. In the event of a total loss or theft, GAP waives the difference between your primary insurance carrier insurance settlement and the payoff of your loan or lease, less delinquent payments, late charges, refundable service warranty contracts and other insurance related charges.2 Included in the deficiency balance is the deductible up to $1,000.

GAP Protection Benefits:

  • Protection for the term of your loan up to 84 months
  • Coverage for vehicles valued up to $100,000 at time of purchase
  • Payment of benefits up to $50,000
  • Coverage for auto insurance deductibles up to $1,000.00
  • Benefits for new or used vehicles, including cars, light trucks, motorcycles, boats, RVs, and some other motorized vehicles
  • Bonus: Free Auto Deductible (ADR)

ADR Protection Benefits (Included with our GAP Protection):

  • Pays/Reimburses up to $500/per loss (unlimited losses per year) when a loss is filed and paid by the Auto Insurance Company for the Covered Auto.

Need More Details?

For more details or to add this important protection product to your loan, call us at (850) 434-2211 or email us.

1 Less delinquent payments, late charges, refundable service warranty contracts and other insurance related charges. 2 Subject to other applicable exclusions and limitations.






Natalie Neal
Loan Officer
NMLS# 1534073
(850) 434-2211 Ext. 170
Email Natalie


Nikki Diamond
Loan Officer
NMLS# 2231167
(850) 434-2211 Ext. 55511
Email Nikki




Rates, terms, and conditions are subject to change and may vary based on credit worthiness, qualifications, collateral age, and conditions.  The APR will be disclosed prior to an advance being made on a loan.

* Interest will still accrue with the ‘No Payments for up to 90 Days’ offer. This is a limited time offer. Offer may be withdrawn or changed at any time without notice.


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Members First CU of Florida
NMLS #405711
Equal Housing Lender National Credit Union Administration
This Credit Union is federally-insured by the National Credit Union Administration. We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act.
Members First Credit Union of Florida is not affiliated with Members First Credit Union (Kentucky)

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