Our First Time Buyer Program is more than just a way to get your first vehicle--it's a place to come for help.
Our loan officers will explain the purchase process, help assess the value of a vehicle, and make sure that your first vehicle payment will be manageable.
The program can work one of two ways:
2) With a Co-signer
No matter which option you choose, with regular on-time payments, your credit may be solidly established in as little as 18 months. Once you have a strong credit score, you can gain independence from the need of a co-signer, or even be eligible for discounts on insurance!
Wondering how much car you can afford? Figure it out with one of our calculators.
|Current as of 3/2/2015|
|Credit Score (TransUnion)|
|Vehicle Model Year||Term*||720+||680-719|
|All rates listed as the APR|
|2014 and Newer||1-36 months||1.99%||2.99%|
|2007 and Older||1-24 months||4.49%||5.49%|
*approximate loan term
^Loan-to-Value (LTV) is the percentage of the value that you are looking to borrow from the credit union. This value is based off KBB Invoice for new vehicles or NADA retail values for used vehicles. If you are unsure about how to obtain the value please contact us.
Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval. All rates listed are fixed. Down payment on vehicle loans varies depending on your credit score and the purchase price of the vehicle. Debt payments including all bills must not exceed 35% of your total gross income. Representative payment example: A $10,000 loan at a 1.99% Annual Percentage Rate for 36 months would require 36 monthly payments of $286.38.
For commercial vehicle rates please contact a business loan officer.