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Park View Federal Credit Union
Neighbors Serving Neighbors®

Are you buying a vehicle for the first time?

We’ll help you establish your credit AND find a loan that fits your budget.

Our First Time Buyer Program is more than just a way to get your first vehicle--it's a place to come for help.

"PVFCU helped me in obtaining a vehicle loan at the last minute. My old clunker just gave out one day and I needed help fast! The loan officer was very helpful in explaining the process as I had never gotten an auto loan before. I was very pleased with the service and continue to be! Keep up the good work!"

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:

1) Independently

  • You aren’t required to have a friend or family member's help in purchasing the vehicle
  • You may have to make small down payment

2) With a Co-signer

  • A friend or family member accepts the liability of the loan with you and co-signs for the loan
  • You may be able to get a lower interest rate than without a co-signer
  • You may borrow up to 100% of the purchase price of the vehicle (no down payment required)

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.

How do I apply?
Simply complete the online application or give us a call and we’ll help you complete the paperwork.

Vehicle Rates

Current as of 5/1/2015
Credit Score (TransUnion)
Vehicle Model YearTerm*720+680-719
All rates listed as the APR
2014 and Newer1-36 months1.99%2.99%
37-48 months2.24%3.24%
49-60 months2.49%3.49%
61-72 months2.99%3.99%
73-84 months3.99%4.99%
2012-20131-36 months1.99%2.99%
37-48 months2.24%3.24%
49-60 months2.49%3.49%
61-72 months2.99%3.99%
2010-20111-36 months2.49%3.49%
37-48 months2.74%3.74%
49-60 months2.99%3.99%
61-72 months3.49%4.49%
2008-20091-36 months3.49%4.49%
37-48 months3.74%4.74%
49-60 months3.99%4.99%
2007 and Older1-24 months4.49%5.49%
25-36 months4.99%5.99%
37-48 months5.49%6.49%
Maximum LTV^130%105%

*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.

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© Park View Federal Credit Union | Phone: 888.900.6444 • 540.434.6444 | Fax: 540.433.0108
Partnering with our members, as owners, to achieve and maintain financial stability throughout life stages
by providing excellent personalized service, sound financial products and innovative solutions.

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