a key fob on top of a toy car with a stack of coins

Cash Out Your Car

Don’t own your home or there’s not enough equity yet?

Do you need a little extra cash right now, owe on your taxes, or have a large amount of debt you need to pay off? Cash out your car!

Cashing out your vehicle will help with:
  • Lower payments
  • Lower interest
  • No closing costs
  • No pre-payment penalties

What is a Cash Out Auto Loan?

A Cash Out Auto Loan refinance allows you to use the equity in your vehicle (what the vehicle is currently worth and how much is still left on the loan), to receive a lump sum payment. The lump sum payment will change the terms of the loan (also known as a refinance). Then the lump sum can be used however you choose – often to pay down higher interest debt, pay medical bills, or make a big ticket purchase or home improvement.

To learn more about using the equity in your vehicle, simply fill out our quick inquiry form and a representative will get in touch with you, visit your local branch, or contact our Loan Department with any questions at 732.312.1500, Option 4. You can also close on your loan electronically!


APR = Annual Percentage Rate. Not all applicants will qualify, subject to credit approval. Additional terms & conditions may apply. Actual rate may vary based on credit worthiness and term. A First Financial membership is required to obtain a First Financial loan and is available to anyone who lives, works, worships, volunteers or attends school in Monmouth or Ocean Counties. See credit union for details. A $5 deposit in a base savings account is required for credit union membership prior to opening any other account/loan.