When it comes to refinancing car loans, we help our members get ahead of the pack in South Carolina, North Carolina and any other state. Lower your monthly payments today by switching to Sharonview.
A Smart Move
Good value is at the center of everything we do, which is why you should rethink the inflated interest rate on your current auto loan. Refinance with us and take advantage of lower rates resulting from out not-for-profit status. We're here to help you save money on car loans while also saving you time with the easy refinance process.
Get Pre-approved Quickly
It takes just a few minutes to get pre-approved so you know how much you can spend. Apply online. It's quick and easy!
How Does a Car Refinance Work?
Refinancing a car loan is essentially just opening a new loan to pay off the existing car loan. This can be done to move a car loan over to Sharonview from somewhere else 2, so you can manage more of your accounts from a place that you know and trust. You can apply at any time.
Why Refinance a Car Loan?
There are a few reasons that it makes sense to refinance your car loan.
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Get a Better Rate
As annual percentage rates trend downward and stay low, there may be good opportunities to refinance your car loan with a much lower rate compared to your existing loan.
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Lower Your Monthly Car Payments
Lower your monthly payments by refinancing with a lower rate, extending the loan term, refinancing after paying off a portion of your loan or combination of any of these.
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Pay Down Your Loan Faster
Refinance your car for a shorter term to pay it off more quickly. This is can be a good option if you have already paid down a large chunk of your loan.
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Spread Out Your Car Payments
If you have a higher car payment than you wanted, you could spread it out by refinancing with a longer term loan. Be mindful, however, as you do not want to end up with a loan that lasts longer than you want to keep your car.
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Move Your Loan to a Trusted Lender
Refinancing your car loan with Sharonview allows you to bring your loan into the same trusted financial institution that has been serving members since 1955.
When Should You Consider a Refinance?
There are generally 3 events that serve as a good guide to help you make that decision of when to refinance your auto loan.
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When Rates Have Dropped
If you want to see how much you can save with a rate drop, use our loan payment calculator to see if it is a good time to refinance your car loan. You can easily compare how much you could save with lower interest payments as a result of refinancing with a better interest rate.
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When Your Credit Score has Improved
The rate you are paying on a loan may be directly related to the credit score you had at the time you applied for your loan. If you had bad credit, or just less than optimal credit and have improved your credit score over time, then it may be a good idea to refinance to get a better rate. A score increase, coupled with a rate drop, could give you an advantage when refinancing your car.
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When You've Paid Down a Significant Portion of the Principle
If you have paid a large portion of the principle of your loan amount, a refinance can significantly lower your monthly payment or shorten the length of your loan or both. A refinance calculator can help you understand how much you could save. Using our loan calculator, you can see if a loan refinance makes sense.
More questions?
Check out our Car Loans FAQs or just give us a call.
The Loan Rates shown are our best rates, as of June 1st, 2025, for qualified borrowers with specific terms. Other rates and terms may be available and/or offered to you based on qualifications or collateral used. Contact us for more information.
1 Application process may require a credit report pull and review.
2 Prepayment penalties are not common on auto loans, but borrower will want to check with current lender to make sure they will not receive any fees for paying off their loan before then end of the term.
* You must meet all credit and collateral qualifications. Election of No Payment for Up to 60 Days will extend the time it takes to repay your loan balance. Interest and any charges for optional MemberGuard coverage will continue to accrue on the loan and will be repaid from the first scheduled payment. No Payment for up to 60 Days may reduce the benefits available to you under any optional GAP coverage elected on the loan. The offer may be withdrawn at any time.
Other rates and terms may be available and/or offered to you based on qualifications or collateral used. To qualify for new auto rates, vehicle must model year 2021 or newer with less than 5,000 miles and not previously titled. Higher rates will apply for used vehicles and/or for financing more than 100% of MSRP for new vehicles or NADA retail value for used vehicles. Contact us for more information.