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 4/15/2014|
|Credit Score (Equifax)|
|Vehicle Model Year||Term*||720+||680-719|
|2013 and Newer||1-36||1.99%||2.99%|
|2006 and Older||1-24||4.49%||5.49%|
*approximate loan term
^Loan-to-Value (LTV) is the percentage of the value that you are looking to loan from the credit union. This value is based off Dealer Invoice for new vehicles or NADA wholesale values for used vehicles. If you are unsure about how to obtain the value please contact us.
All rates listed are the Annual Percentage Rate (APR) and 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.
For commercial vehicle rates please contact a business loan officer.