What are good banks to refinance a car with?
The higher your credit score, the better refinance rates you will get. There is no single 'best' credit score that qualifies you to be able to refinance a car. However, companies recommend that you have a score above 600 on both the FICO and VantageScore rating systems.
What credit score do you need to refinance a car?
Better rates and lower fees Because credit unions are member-owned and not for profit, all surplus money is returned back to the members in the form of lower rates, fewer fees, and better deals.
Is it better to refinance a car with a credit union or bank?
Get the lowest rate possible If refinancing with your current lender would yield only minimal savings, you'll likely want to search for another lending institution. By shopping around and getting quotes from other lenders, it's possible to get a lower rate than if you stuck with just one lender.