Auto Loans

Buying the right vehicle is important and so is choosing the right auto loan to go along with it. Members Choice offers auto loans on new and used vehicles with competitive rates. We have several financing options available to you!

Here at Members Choice we love helping our members get the best possible interest rate and terms. Ask us today about the benefits of refinancing your existing vehicle loan from another financial institution.

Here’s the scoop:

  • Excellent rates that beat industry averages
  • Refinance your higher rate auto loans and save
  • No prepayment penalties. Reduce your interest by paying early
  • Get a 0.25% rate discount when you use AutoPay from a Members Choice deposit account
  • As a credit union member, auto insurance could be more affordable! Find out how here.

Annual Percentage Rate (APR), Loan To Value (LTV), and other loan determinations are subject to credit and collateral review

 

$200 Cash*Great RatesCar ValuesGuaranteed Asset ProtectionDebt Protection

 

GET UP TO $200 CASH BACK*
 
ON YOUR VEHICLE LOAN THROUGH MEMBERS CHOICE!

 

BORROW UP TO $9,999 – GET $50 CASH BACK

$10,000 TO $14,999 – GET $100 CASH BACK

$15,000 TO $24,999 – GET $150 CASH BACK

$25,000 AND UP – GET $200 CASH BACK

 

 

*APR = Annual Percentage Rate. Rates are subject to change without notice. LTV=Loan to Value. Your rate on auto loans may vary from the rates above and will be determined by your credit history, term and age of vehicle.  Members Choice Financial Credit Union membership is required. AutoPay APR includes 0.25% discount for automatic payment (AutoPay) from your new or existing MCFCU deposit account. Rate subject to increase if AutoPay is discontinued. Payment Example:  $7,500 loan amount for 48 months  at 2.14% APR = estimated monthly payment of $163.17. Not valid with any other offer. Terms and conditions subject to change at any time.

Federally Insured by NCUA. Credit restrictions apply. Existing MCFCU loans are not eligible for refinance. Rates accurate as of 4/18/2018 and may change at any time.

 

Vehicle Loan RatesTypesAPRAutoPay APR*
On the Spot Financing is AvailableRates as low asRates as low as
Vehicles and DemosNew2.39%2.14%
Used3.19%2.94%
RVs/Campers/ Travel TrailersNew4.79%4.54%
Used5.29%5.04%
Motorcycles/ATVs/BoatsNew3.49%3.24%
Used4.29%4.04%

As a credit union member, auto insurance could be more affordable! Find out how here.

*APR = Annual Percentage Rate. Rates are subject to change without notice. LTV=Loan to Value. Your rate on auto loans may vary from the rates above and will be determined by your credit history, term and age of vehicle.  Members Choice Financial Credit Union membership is required. AutoPay APR includes 0.25% discount for automatic payment (AutoPay) from your new or existing MCFCU checking account. Rate subject to increase if AutoPay is discontinued. Payment Example:  $7,500 loan amount for 48 months  at 2.14% APR = estimated monthly payment of $163.17. Not valid with any other offer. Terms and conditions subject to change at any time.

Federally Insured by NCUA. Credit restrictions apply. Existing MCFCU loans are not eligible for refinance. Rates accurate as of 4/18/2018 and may change at any time.

Get New & Used Car Values

 

WHAT IS MEMBERS CHOICE GUARANTEED ASSET PROTECTION PLUS (GAP PLUS)?

When you buy a new or used vehicle, there’s no way to know if it will be stolen or totaled in an accident. Many times primary auto insurance settlements don’t pay off your loan balance. With the purchase of GAP Plus, you’re helping to protect your vehicle investment against a possible financial loss.

HOW DOES GAP PLUS WORK?

The GAP Plus fee can be included with your monthly payments or made separately by cash, check, charge or possibly electric funds transfer. If your car is stolen or totaled in an accident and there’s a difference between what you owe on your auto loan and the value of your vehicle, GAP Plus will help cancel the difference based on the terms of your member agreement. By adding GAP Plus while signing your loan paperwork, you’re helping take responsibility for your financial future. Your loan officer can show you how.
You may cancel GAP Plus at any time after your enrollment date. If you cancel within 90 days, you will receive a full refund. If you have any questions, simply contact your credit union.

WHY IS IT VALUABLE?

Vehicles often depreciate rapidly and vehicle loan terms have typically been increasing in duration. GAP Plus will help cancel the difference between the primary insurance settlement and what you may still owe on your vehicle loan. In addition, if your vehicle is stolen or totaled in an accident, it will cancel $1000 of your next loan with your credit union, when you purchase a replacement vehicle within 60 days of your primary insurance settlement. GAP Plus helps prepare for the unexpected.

Download GAP Plus Brochure

FACT: 1 in 3 unemployed Americans were jobless for 27 weeks or longer1

An unexpected job loss, death or disability could prevent you from making loan payments. Debt Protection can help by canceling all or part of your protected loan payment or balance, should a protected life event occur. With flexible program options and pricing, we can offer our members a product to help protect them against the unexpected.

When the unthinkable happens, having Debt Protection can be your “safety net” and help you to be able to keep the things most important to you.

1U.S. Bureau of Labor Statistics, “Spotlight on Statistics,” March 2015.