We make that dream vehicle more affordable and within your reach
If you have your eye on a new car, found a great deal on a used vehicle or want to refinance a higher-rate loan from another financial institution, our best-in-market auto loan rates can help you fit comfortably in the driver's seat. LOC Credit Union has some of the best auto loan interest rates around. Pre-approved auto loans are available for those who qualify so you know how much you can afford to spend before you start shopping.
Our Auto Loans offer:
- Financing options for vehicles located in the state of Michigan. If you are are considering financing a vehicle located out of state, please give us a call first to see if your potential vehicle is eligible for financing. We may be able to provide you some additional insight to your vehicle that may impact your decision.
- Low fixed rates on new and used autos
- Up to 115% financing
- Lock your rate in for up to 45 days while you shop
- Flexible terms up to 120 months for some vehicle purchases based on year and dollar amount
- CARFAX® Reporting
If you are outside the state of Michigan and not currently a member, please take a moment to review membership eligibility requirements.
Features & Benefits
GAP & Mechanical Repair Coverage
Whether you've been in an accident or just need routine maintenance, the cost of repairs can quickly skyrocket. Make sure you're covered with one of our options.
Free CARFAX® Reporting
Contact us for your Vehicle History Report™ today to help ensure you're protected before you complete your purchase.
Exclusive Insurance Discounts
Credit union exclusive insurance discounts. Check with Members Home & Auto or TruStage today!
Great Low Rates
Whether you're looking to buyout your lease, refinance or purchase something new, we've got you covered!
| Year | Fixed APR As Low As | Heroes Program Fixed APR As Low As | Term | Minimum Loan Amount |
|---|---|---|---|---|
| 2023-2025 | 4.90% | 4.60% | Up to 66 Months | $3,500 Minimum |
| 2023-2025 | 5.40% | 5.10% | Up to 75 Months | $15,000 Minimum |
| 2023-2025 | 5.65% | 5.35% | Up to 84 Months | $30,000 Minimum |
| 2023-2025 | 5.90% | 5.60% | Up to 96 Months | $40,000 Minimum |
| 2023-2025 | 7.90% | 7.60% | Up to 120 Months* | $50,000 Minimum |
| 2019-2022 | 5.59% | 5.29% | Up to 66 Months | $3,500 Minimum |
| 2019-2022 | 5.84% | 5.54% | Up to 75 Months | $15,000 Minimum |
| 2019-2022 | 6.09% | 5.79% | Up to 84 Months | $30,000 Minimum |
Learn how to enroll in our Loving Our Communities Heroes Program Example: A loan amount of $25,000 with a rate as low as 4.90% for 66 months would have an approximate monthly payment of $433.00 APR = Annual Percentage Rate | *Credit score 700+ required. Available for up to 80% financing. Subject to approval. Approval and actual rate and term offered is based on overall creditworthiness factors and satisfactory collateral. | ||||
| LTV's up to 115% are available. All used collateral older than model years listed above will be considered on an individual basis. Contact us for more information. Restrictions apply. | ||||
What would my auto payments be?
Many factors go into determining the final loan amount for the purchase of a new or used vehicle. These factors include any manufacturer's rebate, the trade-in value of your old vehicle less any outstanding balance, your down payment, etc. Once the loan amount is determined the interest rate and the term of the loan will be used to estimate your vehicle payment.
Auto Loan FAQs
