Refinance a car

Drive away with savings

Right car, wrong terms. Make your auto loan a better fit for your lifestyle and speed up your savings by refinancing with First Federal!

The primary purpose of refinancing a car loan is decreasing the overall cost of the loan as well as lowering your monthly payment. If interest rates are lower, your credit score is higher, or your budget has changed, refinancing could be the right option for you.


  • Lower monthly payment - A new loan with a lower interest interest rate could reduce your monthly payment.
  • Shorten loan term - You can select a shorter loan term in order to pay off your loan in full faster.
  • Interest rate deduction - You’ll get an extra 0.25% rate discount when you make payments from a First Federal checking account.

Discover your savings possibilities today!

Do you live within Kansas or Missouri?

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Do you live outside of Kansas or Missouri?

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Explore the refinancing process

Feeling overwhelmed by the decision to refinance? We’ll help you through it.

  • Are interest rates lower than when you bought your car? You’ll pay less toward interest each month, and you could use those savings to pay down the principal balance on your loan quicker.
  • Has your credit score improved? You’ll likely benefit from lower interest rates, which accelerates your savings over the remainder of your loan.
  • Has your income increased? If you’ve maintained the same income or received a raise, you could be eligible for a different monthly payment to pay down your loan sooner.

With traditional refinancing, your new lender will pay off your old loan in full and provide a new loan with new terms. The new loan will come with a fixed interest rate and fixed term.

With cash bank refinancing, you’ll borrow against the equity in your vehicle. If your car has a higher appraised value than your loan balance, you have equity in your vehicle. For example, if you have a $10,000 loan balance and your car appraised at $15,000, you have $5,000 of equity in your car. With this type of refinancing, you’ll receive a check for the amount of equity you wish to borrow against your vehicle. The amount you borrow is added to your new loan balance, and you will receive a new interest rate and loan term.

We've got your back

If you have more questions about the refinancing process, our lending team is available and ready to help!

Should I refinance my auto loan?

Use our car loan refinance calculator to see how various interest rates and term lengths will change your monthly payment.

Calculate payments


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