Review your monthly income and expenses before shopping. Make sure you can comfortably afford the loan payment, insurance, fuel, registration, and maintenance—not only the vehicle’s purchase price.

You can still apply for an auto loan. The lender will review your credit and explain which rates and loan options may be available to you. Checking your credit beforehand can help you understand what to expect.

To qualify for an Auto Loan, you must be a member with us for six months or have been currently employed for at least ONE year or longer. You can apply online or stop in the credit union to speak with a Loan Officer about an Auto Loan.

A new vehicle may include newer features, greater reliability, and a manufacturer’s warranty. A used vehicle normally costs less but may require more maintenance. Choose the option that best fits your needs and budget. CFPB new-versus-used guidance

A down payment reduces the amount you need to borrow. This can lower your monthly payment and the total interest you pay, although the required amount depends on your credit and loan terms.

A financed vehicle will normally need the coverage required by your lender. Compare insurance quotes before purchasing the vehicle and include the premium in your monthly budget.

If the warranty has expired, you will generally be responsible for future repairs. Have the vehicle inspected, review its history, and ask whether an optional service contract is available. Always read its coverage and exclusions before purchasing. FTC used-car and warranty guidance