Auto Loan Shopping

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.

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Convertible car with two girls

Our Auto Loans offer:

  • 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

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Features & Benefits

car
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.

car keys
Free CARFAX® Reporting

Contact us for your Vehicle History Report™ today to help ensure you're protected before you complete your purchase.

savings
Exclusive Insurance Discounts

Credit union exclusive insurance discounts. Check with Members Home & Auto or TruStage today!

rates
Great Low Rates

Whether you're looking to buyout your lease, refinance or purchase something new, we've got you covered!

New & Used Auto Loan Rates
Effective Date: Sunday, February 25th, 2024
YearFixed APR As Low AsTermNote
2018-2024 6.55% Up to 66 Months Available for <90% LTV or Heroes Program Members
2018-2024 6.85% up to 66 Months  
2019-2024 6.90% up to 75 Months Available for <90% LTV or Heroes Program Members
2019-2024 7.20% up to 75 Months  
2019-2024 7.45% Up to 84 Months Available for <90% LTV or Heroes Program Members
2019-2024 7.75% Up to 84 Months  
2023-2024* 8.25% 85 to 120 Months  

Example: A loan amount of $25,000 with a rate as low as 6.55% for 66 months would have an approximate monthly payment of $452.00

APR = Annual Percentage Rate

*Credit score 700+ required. Available for up to 75% 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.  

Older Used Auto & High Mileage Loan Rates
Effective Date: Sunday, February 25th, 2024
YearFixed APR As Low AsTermNote
2017 and Older 8.20% Up to 48 Months Max 85% LTV. Heroes Program Members eligible for 0.25% rate discount.

Example: A loan amount of $15,000 with a rate as low as 8.20% for 48 months would have an approximate monthly payment of $368.00

APR = Annual Percentage Rate | Maximum LTV of 85%

150,000 maximum mileage at time of application. Contact us for more information. CARFAX Report pulled on all vehicles. Additional restrictions apply.

Subject to approval. Approval and actual rate and term offered is based on overall creditworthiness factors and satisfactory collateral. 

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.

Loan Amount

Assumptions

Auto Loan FAQs