First-Time Auto Buyer Program
To meet the needs of our younger members just beginning to establish credit, we’ve created an Auto Loan program that introduces and educates first-time auto borrowers on the nuances and responsibilities of financing a vehicle.
First-Time Auto Buyers Can …
- Borrow up to $20,000 (loans amounts above $20,000 require a co-signer).
- Borrow for up to a term of up to 60 months.
- Borrow up to 90% of retail value (including tax, title, and doc fees). Exception for loan-to-value over 90% is allowed with Guaranteed Auto Protection or Vehicle Service Contract.
More Details about First Time Auto Buyer Loans
- Available to our members between the ages of 18 and 25.
- Six months of consistent employment required.
- Must have at least 10% down payment to qualify without a co-signer.
- Vehicle must be newer than 10 years old, and have under 100,000 miles.
- Payments must not exceed 15% of gross monthly income
Auto Loan Rates
Cars, Trucks & SUVsRates effective 5/12/2025
| Loan Term | Annual Percentage Rate |
|---|---|
| 1 year as low as | 4.30% APR |
| 2 years as low as | 4.35% APR |
| 3 years as low as | 4.40% APR |
| 4 years as low as | 4.80% APR |
| 5 years as low as | 5.10% APR |
| 6 years as low as | 5.45% APR |
| 7 years as low as | 6.00% APR |
