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MEFCU Auto Loans

MEFCU Auto Loans-- Get a Great Deal at a Great Rate!

MEFCU wants you to get behind the wheel of the car you always wanted. With our low rates, we make car buying easy and even more affordable. Choose either a new or used auto loan; either way you choose, you get a great rate on your next car!

 

NEW AUTO LOANS

On a new vehicle, you can often save by taking the dealer rebate and financing with a low-rate loan from MEFCU

  • Finance up to 100% of the value of your new car
  • Convenient terms available

USED AUTO LOANS

Choose a late-model used car and avoid a new car's steep depreciation in value during its first few years

  • Finance up to the NADA retail value of used car
  • Convenient terms available
 
MEFCU Used Auto Loans


New or Used, a MEFCU auto loan is an outstanding value for you!

  • Get preapproved for your loan--it's like shopping with a check in your hand
  • Quick turnaround on applications
  • Save on interest payments by refinancing your high-rate car loan
  • Enjoy the convenience of direct payments from your MEFCU checking account
  • Sign up for Concierge Banking and save even more!
  • Credit life and disability insurance available

Apply Now!   Rates May Never Be Lower!

 

*APR: Annual Percentage Rate. Rate quoted is the lowest available APR; actual rate may vary with applicant's creditworthiness. Rate shown is for a new auto loan term of up to 60 months. Higher rates may apply for longer terms.  Discounts for Concierge Gold and Silver members. Rates are subject to change without notice. Existing MEFCU auto loans cannot be refinanced. MEFCU membership is required. Payment example: New auto loan of $20,000 for 84 months at 3.74% APR will have a monthly payment of $271.00.

Auto Loans

Effective Date: 1/3/2023

rates                                                                                                         

 

 Auto Loan Rates Based on Your Credit Score

Rates are based on creditworthiness and there is a minimum credit score to qualify. Find your credit score and the associated rate.

 

 

New Autos

Credit Score/Term up to:

Up to 72 mos.
APR%*

Up to 84 mos.
APR%*

760

4.99

5.24 

700-759

5.24

5.49 

650-699

5.49

5.74 

635-649

9.79

10.04 

620-634

10.79

11.04 

540-619

13.49

13.74 

500-539

15.49

15.74 

Under 500

N/A

 

 

Used Autos
 

2022 
and Newer

2022 
and Newer

2021- 2018 

2017
 and Older

 

Credit Score/Term up to:

6-60 mos. APR%*

61-72 mos.
APR %*

6-60 mos.
APR%*

6-48 mos.
APR%*

 

760

5.24

5.74

5.24

6.49

 

700-759

5.49

5.99

5.49

6.74

 

650-699

5.74

6.24

5.74

6.99

 

635-649

10.04

10.54

10.04

11.29

 

620-634

11.04

11.54

11.04

12.29

 

540-619

13.74

14.24

13.74

14.99

 

500-539

15.74

16.24

15.74

16.99

 

Under 500

N/A

N/A

N/A

 N/A

 
 

Apply for a loan online

*APR: Annual Percentage Rate. Discounts for Concierge Gold and Silver members. Rates are subject to change without notice. Existing MEFCU auto loans cannot be refinanced. MEFCU membership is required. Limitations on terms apply for used auto loans based on model year. Used Auto Loans - Flexible terms available; auto loan amount up to NADA retail value. Longer terms available at higher APRs.

 
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