Consumers Credit Union auto loans are designed to make vehicle ownership accessible and affordable. CCU provides flexible terms and competitive rates to suit your needs, whether you’re purchasing a new or used car, refinancing an existing loan, or seeking to tap into your vehicle’s equity.

Apply for your car loan online. Membership with CCU is required, which involves a simple process. Become a member online today.

Consumers Credit Union Auto Loan Rates

Consumers Credit Union auto loans have rates as low as 4.99% APR* when utilizing the Car Buying Service and 5.49% APR* without it. Apply today.

Key Features

• Pre-Approval and Same-Day Approval: Get pre-approved for better negotiation power at the dealership, with the possibility of same-day loan approval for quick processing.
• Flexible Loan Terms: Ranging from 1 to 90 months.
• Competitive Rates: New auto loan rates start at 5.49% APR*.
• No Vehicle Age or Mileage Restrictions: No maximum restrictions on vehicle age or mileage.
• No Minimum Loan Amount: Finance vehicles of any price point.
• Rate Discounts with Automatic Payments: Enjoy a 0.25% rate discount when you set up automatic payments.

*APRs are subject to change. The most current rate was verified on January 8, 2025.

Additional Benefits

• No Prepayment Penalties: Pay off your loan early without any additional fees.
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• GAP Coverage: Protect your investment with Guaranteed Asset Protection, covering the difference between your vehicle’s value and loan balance in case of a total loss.
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• Extended Warranties: Access options to safeguard against unexpected repair costs.

Pros and Cons

Pros

• Flexible loan terms up to 90 months.
• Competitive interest rates with potential discounts.
• No restrictions on vehicle age or mileage.
• No minimum loan amount, accommodating various budgets.
• Pre-approval and same-day approval available.

Cons:

• Credit union membership is required to apply for a loan.
• Automatic payment setup needed to receive the rate discount.

Eligibility Requirements

To have a car loan with Consumers Credit Union, you must be a member. Learn how to join Consumers CU.

Consumers Credit Union Auto Loans Best For

Consumers CU car loans are ideal for individuals seeking flexible financing options with competitive rates, especially those who value the benefits of credit union membership.

How to Apply for a Consumers Credit Union Auto Loan

1. Become a member: Join CCU by becoming a member of the Consumers Cooperative Association for a one-time $5 fee. Become a member here.
2. Apply: Complete an online application, providing necessary personal and financial information.
3. Select terms: Choose your desired loan amount and repayment term.
4. Funding: Upon approval, CCU will coordinate funding, sending funds directly to the dealership or seller.
5. Repayments: Establish your repayment method, with the option to set up automatic payments to receive a rate discount.

Consumers Credit Union Auto Loan Review

Consumers Credit Union Auto Loan review: A versatile and competitive auto loan option, accommodating many borrowers and vehicle choices. With flexible terms, attractive rates, and additional benefits like rate discounts for automatic payments, CCU provides a compelling option for financing your next vehicle.

What we like:

• The lack of vehicle age and mileage restrictions makes these loans suitable for various vehicle purchases, including older or high-mileage cars.
• An option to set up automatic payments for convenience and receive a rate discount.
• There is no minimum loan amount required so that you can finance a car for $1000.

Consumer Credit Union receives high reviews and ratings on Trustpilot and BBB.

By choosing Consumers Credit Union for your auto financing needs, you’re partnering with a trusted institution that provides flexible and affordable loan options.

Consumers Credit Union Auto Loan FAQs

1. What credit score is required to qualify for a CCU auto loan?

CCU requires a minimum credit score of 600 to qualify for an auto loan.

2. Are there any fees associated with CCU auto loans?

While specific fees may vary, CCU does not charge prepayment penalties, allowing you to pay off your loan early without additional costs.

3. Can I refinance my existing auto loan with CCU?

Yes, CCU offers auto loan refinancing options, including cash-out refinancing for borrowers with vehicle equity.

4. What is the Consumers CU Car Buying Service?

CCU’s Car Buying Service, powered by TrueCar, simplifies the vehicle purchasing process:

• Transparent Pricing: Access upfront pricing on in-stock vehicles, ensuring you know what others have paid for similar cars.
• Extensive Inventory: Browse a wide selection of new and used vehicles from local dealerships.
• Additional Savings: Secure a 0.50% rate discount when you purchase your vehicle through CCU’s Car Buying Service and finance the loan with CCU.