Auto financing or refinancing with a Personal Line of Credit


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

2.25–3.50 % APR[1]
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

    Pay your current taxes

First Republic Personal Line of Credit offers access to revolving credit, which allows you to withdraw funds up to a preset limit during a two-year draw period.

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 2.25% 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.[2]

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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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Refinance existing debt

Choose the rate and term options that work best for you, with the flexibility to refinance student loans, cover minor home improvements or fund large purchases and more. What’s more, you won’t be charged origination, maintenance or prepayment fees — ever.

Additional features of a Personal Line of Credit.

Flexibility

Access a line of credit from $60,000 to $100,000 for a car purchase and more. The maximum credit limit is $350,000 when refinancing existing debt with a maximum of $100,000 available to draw at the time of origination.[4]

Revolving access to credit

Get convenient access to funds 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.



See how First Republic compares when using a Personal Line of Credit to buy or refinance a car.[3]

  • Annual Percentage Rate
    (with discounts)
  • Loan Type
  • Lienholder
  • Loan Size
  • Loan Term
  • Interest-Only Period
  • No Loan Fees
    (Origination, Delivery or Prepayment)
  • Flexible Use of Funds

  • Personal Line of Credit

  • 2.25%–3.50% APR
    (fixed)
  • Unsecured
  • Not Applicable
  • $60,000–$350,000[4]
  • 7, 10, 15 years
  • 2 years
  • US Bank
    Auto Loan

  • Starting at 2.59% APR
    (fixed)
  • Secured
  • Lender
  • Minimum $30,000
  • Up to 3 years
  • Bank of America
    Auto Loan

  • Starting at 2.39% APR
    (fixed)
  • Secured
  • Lender
  • Minimum $7,500
  • 4, 5, 6 years[6]
  • Tesla
    Auto Loan

  • 2.49% APR
    (fixed)
  • Secured
  • Lender
  • $39,990 - $119,990[5]
  • 4, 5, 6 years


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

Learn more about the features and benefits of our Personal Line of Credit and other ways to use it.


pay for medical or dental procedures

Pay for medical or dental procedures

pay your taxes

Pay your current taxes

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

Learn more about the features and benefits of our Personal Line of Credit and ways to use it beyond financing minor home improvements.

 

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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