Auto Loan Rates

Rates Effective as of: September 20, 2022

Year of AutoTermAnnual Percentage Rate
New Auto
60 Months2.75% to 6.75%
72 Months3.25% to 7.25%
84 Months4.25% to 5.75%
Used Auto 2019 – 2021
48 Months2.75% to 6.75%
60 Months3.25% to 7.25%
72 Months3.75% to 7.75%
Used Auto 2016 – 2018
48 Months3.25% to 7.25%
60 Months3.75% to 7.75%
72 Months4.75% to 8.75%
Used Auto 2013 – 2015
48 Months3.75% to 7.75%
60 Months4.75% to 8.75%
Used Auto 2010 – 2012
48 Months4.25% to 8.25%
60 Months5.25% to 9.25%
Used Auto 2009 and Older
48 Months5.25% to 9.25%

APR=Annual Percentage Rate. APR is based on the term of loan, credit score, collateral, and loan to value. Lowest rate shown is offered to applicants with excellent credit scores. New money only. Rates are subject to change at any time. Lowest rate shown may be a promotional rate. Rate discount does not apply to promotional rates. Same-day loan approval on most automobile loan applications. Contact a Member Service Representative for more details. Payment Example: $20,000 at 2.75% APR for 60 months equals $357.17.

Auto Loan Rate Discount

An additional 0.25% rate discount is applied when a member has an active checking account with 5 or more monthly debit transactions, direct deposit of payroll, and automatic transfer for monthly loan payments. The discount does not apply to promotional rates.

Applying is Simple and Easy:  In person, fax, or Online Banking. If you already have a loan with us, just call 906-379-3713 and one of our loan officers will be happy to assist you over the phone.