Can I get a loan if I’m buying a vehicle for the first time?
Sure thing! No worries, PVFCU offers extra assistance and loans for members who need to establish credit with the First Time Buyer program.
Use these calculators to help you figure out what you can afford
Research your vehicle
Make sure you know what your money is buying. A CARFAX vehicle history report is an online source that combines many different reports from dealerships, repair facilities, law enforcement, and insurance to tell you the facts about your vehicle’s history. CARFAX reports tell you if the car has been in an accident as well as notify you about any recalls, odometer fraud, and much more.
Let us run a report for you, and the cost is only $12 per report, a huge discount off the individual online price of $34.99! Even better, if you get your vehicle loan from us, we’ll reimburse you for the cost of one report!
|Current as of 4/1/2015|
|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.