SeacoastBank + Drummond Community Bank: A Future You Can Bank On

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Auto Loan Refinancing
Has your credit improved since you first got your auto loan? Looking to lower your monthly car loan payment? We can help you get the best rate to refinance your car loan in North Florida.

SAVE MONEY WITH AN AUTO REFINANCE LOAN

Check Your Rate In 5 Minutes

If your insured car is less than 10 years old and has been driven fewer than 120,000 miles, refinancing your personal vehicle may be a good option. By refinancing to a lower rate loan, you could save money each month. Pay less and save more with lower rates from Drummond Community Bank. Loans available in Florida, Alabama, and Georgia.

Interest rates on auto refinancing loans are still near all-time lows. Secure a low rate online. 

Check your rate today in 5 minutes and apply! 

Eligible Vehicles:
  • Less than 10 years old
  • Less than 120,000 miles

Check Your Rate*

* When you check your rate, we perform a soft inquiry on your credit report. This initial “soft” inquiry will not affect your credit score. If you complete the application process, we will perform a “hard” credit inquiry which may impact your credit score. If you accept a loan, repayment information will be reported to the credit bureaus.

Get a refi loan for your car in North Florida!

At Drummond Community Bank, our mission is simple. We strive to provide you with the very best banking services and sound business decisions all while giving back to the Florida communities we serve. To you we may just be a bank, but we’re a bank that wants to help you and your money grow. Apply online for an auto refinance loan in North Florida or visit one of our branch locations in Archer, Bronson, Cedar Key, Chiefland, Cross City, Crystal River, Fort White, Gainesville, Herhando, Inglis, Lake City, Mayo, Ocala, Old Town, Trenton, and Williston!

Features and Benefits

  • Pay off your auto loan early with no penalties to save even more
  • Check your rate without affecting your credit score1
  • Loans from $3,000 to $60,0002
  • Save money over the life of your loan
  • Repayment terms 24-72 months3

1. When you check your rate, we check your credit report. This initial (soft) inquiry will not affect your credit score. If you accept your rate and proceed with your application, we do another (hard) credit inquiry that will impact your credit score. If you take out a loan, repayment information will be reported to the credit bureaus.

2. Your loan amount will be determined based on your credit, income, the outstanding balance of your current auto loan, and certain other information provided in your loan application. Not all applicants will qualify for the full amount.

3. Subject to credit approval. Available for residents of Florida, Georgia & Alabama only. No origination or application fee. Drummond Auto Loans feature rates no greater than 17.99% Annual Percentage Rate (APR), with available terms ranging from 2 years (24 months) to 6 years (72 months). Rate and term are based on creditworthiness, income, and information provided in your loan application. For example, if you are approved for a $20,000 loan at 13% APR for a term of 48 months, you will pay $536.55 a month and a total of $25,754.40 over the 48-month life of the loan. Your rate and loan amount may differ from the provided example. Longer repayment terms may have higher rates.

Benefits of Refinancing Your Auto Loan With Drummond

We structure our car refinance loans around your needs. Our team of lenders will work with you to offer something that will complement your goals. We can work with you on options such as: 
 
  • Terms
  • Down Payment
  • Interest Rate
  • Sources of Repayment

FAQs About Refinancing Auto Loans

When is Refinancing Your Car Loan a Smart Choice?

If you purchased your vehicle with an auto dealer loan or through another bank, your rate may be higher than it has to be. Rates change regularly, so shopping around for a better rate is always a smart choice. Check your rate with Drummond Community Bank and compare it to your current auto loan.

When should you refinance your car loan?

You should wait at least 6 months after getting your original loan so your credit score is recovered from any temporary drops associated with opening a new credit account. If your goal is to get a lower interest rate through refinancing, you may also want to take steps to raise your credit score before beginning the refinance process.
 

Does refinancing a car hurt your credit?

Because refinancing your auto loan means taking out a new loan, your credit score could temporarily dip as it would with any new credit application. But there shouldn’t be a long-term impact on your credit score.
 

What is a good interest rate for a car?

Interest rates on car loans vary depending on the age of the vehicle and your financial information such as income and credit score.
 

Where is the best place to refinance a car?

At Drummond Community Bank, we are proud to bring you the best possible auto refinance loan terms and features such as fast loan approval, flexible loan terms, and a convenient online application.

Don't forget to save, too!

If budgeting or saving is something you're worried about, we can help. The key to making a smart financial decision begins with understanding the benefits of each product and determining which one meets your goals.
1. When you check your rate, we check your credit report. This initial (soft) inquiry will not affect your credit score. If you accept your rate and proceed with your application, we do another (hard) credit inquiry that will impact your credit score. If you take out a loan, repayment information will be reported to the credit bureaus.

2. Your loan amount will be determined based on your credit, income, the outstanding balance of your current auto loan, and certain other information provided in your loan application. Not all applicants will qualify for the full amount.

3. Subject to credit approval. Available for residents of Florida, Georgia & Alabama only. No origination or application fee. Drummond Auto Loans feature rates no greater than 17.99% Annual Percentage Rate (APR), with available terms ranging from 2 years (24 months) to 6 years (72 months). Rate and term are based on creditworthiness, income, and information provided in your loan application. For example, if you are approved for a $20,000 loan at 13% APR for a term of 48 months, you will pay $536.55 a month and a total of $25,754.40 over the 48-month life of the loan. Your rate and loan amount may differ from the provided example. Longer repayment terms may have higher rates.