Options to Meet Your Auto Financial Needs

Two new auto loan programs were introduced in 2003 in an attempt to meet the needs of members who do not currently meet our usual loan approval standards but have some other redeeming qualities that lead us to believe that they will be successful if given an opportunity.

Qualifications

  • No unpaid charge-offs less than 12 months old. (Zero balance with higher ratings is not a problem.)
  • No unpaid collections (other than Medical) in the last 12 months.
  • No outstanding unpaid balances on repossessions.
  • No current I-3 (I-2 on Mortgages) or higher credit ratings on active loans.
  • Six months on current job.
  • Maximum new debt ratio 35%.
  • First payment to be made within 35 days.
  • Maximum advance of lesser of 95% of NADA trade-in value or 95% of purchase price.
APPLY TODAY

AUTO LOAN RATES

Term (in months) Condition APR (*as low as)
12-36 0-1 year old 3.74%
37-60 0-1 year old 3.99%
61-72 0-1 year old 4.24%
60 2-4 years old 4.49%
72 2-4 years old 4.74%
48 5-7 years old 4.74%
42 8-10 years old 4.74%
42 11+ years old 10.24%

AUTO Loan Repayment example

Term (in months) Condition APR (*as low as) Value Monthly Payment
36 0-1 year old 3.74% $35,000.00 $ 1,031.34
60 0-1 year old 3.99% $35,000.00 $ 645.76
72 0-1 year old 4.24% $35,000.00 $ 552.62
36 0-1 year old 3.74% $50,000.00 $ 1,473.36
60 0-1 year old 3.99% $50,000.00 $ 922.52
72 0-1 year old 4.24% $50,000.00 $ 789.46
*APR = Annual Percentage Rate. Proof of address and verification of employment are required. Minimum loan amount is $5,000. Rates and terms are subject to credit worthiness, and model year of vehicle. Financing available on 2009 or newer vehicles only. Members with a credit score of 700-739 are eligible for a rate as low as 4.24% APR. Members with a credit score of 650-699 are eligible for a rate as low as 4.74% APR. Members with a credit score of 620-649 are eligible for a rate as low as 8.24% APR. Rates stated apply to 2019 and 2018 model year vehicles only for a term of up to 36 months. eMember discount may be available. eMember discount or other discounts are not available for the stated rate of 3.74% APR. Maximum loan-to-value limits apply. Rates, conditions and programs are subject to change without notice. This offer does not apply to refinancing existing loans with SAFE Federal Credit Union