Auto financing or refinancing with a Personal Line of Credit


Buy or refinance a car and more with a Personal Line of Credit [1]

3.95–5.45 % APR[2]
OUR LOWEST FIXED RATES WITH DISCOUNTS

Whether you’re looking to buy a car, refinance your current auto loan, buyout a lease or pay off other debt, we can offer personalized solutions that fit your unique needs.

auto loan refinancing
  • auto loan refinancing
    Buy or refinance your car
  • refinance student loans
    Refinance your student loans
  • minor home improvement financing
    Cover minor home improvements
  • pay for medical or dental procedures
    Pay for medical or dental procedures
  • plans for your family's future
    Plan for your family's future
  • pay your taxes
    And more. Ask your banker

First Republic’s Personal Line of Credit provides access to revolving credit during a two-year draw period, followed by a repayment period for the remainder of the loan term.

Use a Personal Line of Credit to buy or refinance a car and more.

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Low fixed rates

Purchase a new vehicle or refinance your current auto loan with fixed rates as low as 3.95% APR with discounts. Plus, you only pay interest on what you draw for the first two years, with the ability to make additional principal payments at any time.

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No collateral required

Personal Line of Credit can be used to purchase or refinance electric vehicles (EV), hybrids, recreational vehicles (RV) and more, without adding First Republic Bank as a lienholder on the vehicle's title.

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Convenience

Choose from loan term options of 7, 10 and 15 years to cover minor home improvements such as solar panels, refinance student loans, or fund large purchases and more. What’s more, you won’t be charged origination or prepayment fees — ever.

 

Note: By refinancing student loans, you may permanently be giving up tax and repayment benefits, including forbearance, deferment and forgiveness. Please consider this as you make a decision to refinance student loans, and talk to a banker if you have any questions. Currently, all payments for certain types of federal student loans are suspended potentially until June 30, 2023, per an executive order by the President. Interest will not accrue during this time period. For more information, please visit ed.gov.

Additional features of a Personal Line of Credit.

Flexibility

Access a line of credit from $70,000 to $100,000 for a car purchase and more. The maximum credit limit is $350,000 when refinancing eligible debt with a maximum of $100,000 available to draw at the time of origination.[3]

Access to revolving credit

Get convenient access to revolving credit for large purchases. Plus, the amount you repay will be available to draw on again during the first two years.

Your own personal banker

Take advantage of tailored services from your dedicated banker, who will walk you through the process from start to finish.



There’s more you can do with a Personal Line of Credit.

Learn more about our Personal Line of Credit and how to use it.


ask your banker

And more. Ask your banker


There’s more you can do with a Personal Line of Credit

Learn more about our Personal Line of Credit and how to use it.

 

FAQs when buying or refinancing a car.

  • Why should I choose a Personal Line of Credit over auto loans?
  • I am looking to use a Personal Line of Credit to buy a new car. What should I do?
  • Is there a Personal Line of Credit calculator to estimate my monthly payments?
  • Can I use a Personal Line of Credit beyond buying or refinancing a car?
  • How are my loan payments structured?
  • What are the requirements to receive the lowest listed rates?
  • I have more questions about Personal Line of Credit and how to use it.

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