Auto Loan Rates

Rates Effective as of: January 20, 2023

Year of AutoTermAnnual Percentage Rate
New Auto
60 Months4.25% to 8.25%
72 Months4.50% to 8.50%
84 Months5.00% to 7.00%
Used Auto 2020 – 2022
48 Months4.50% to 8.50%
60 Months5.00% to 9.00%
72 Months5.25% to 9.25%
Used Auto 2017 – 2019
48 Months5.00% to 9.00%
60 Months5.50% to 9.50%
72 Months6.25% to 10.25%
Used Auto 2014 – 2016
48 Months5.75% to 9.75%
60 Months6.75% to 10.75%
Used Auto 2011 – 2013
48 Months6.25% to 10.25%
60 Months7.25% to 11.25%
Used Auto 2010 and Older
48 Months7.25% to 11.25%

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.