Auto Loans
Find the perfect car
Whether you are in the market for a new or used car or motorcycle, we offer you competitive, exceptionally serviced vehicle loans at variable and fixed rates.
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WE ARE GOING THE EXTRA MILE TO SAVE YOU MONEY ON YOUR USED CAR LOAN!
Financing a used car loan often can mean higher rates and frustration that can keep you off the road.
Some of the benefits of taking a vehicle loan with us:
- Fast pre-approval
- Monthly payments to fit your budget
- No prepayment penalties
- Simple interest
- Financing up to 100% of the purchase price
How we determine the loan amount for used vehicles:
Our Used Car loan values are determined using the NADA (National Automobile Dealers Association) Used Car guide. Many factors and qualities are used to determine the vehicle value. Here are a few:
- Year, Make and Model
- VIN (Vehicle Identification Number)
- Mileage
- Special Features
*Offer ends April 30, 2022. New money only. Vehicles must be no older than ten years, have more than 100,000 miles, and the loan amount must not be over $60,000. 24 hour approval begins once application is completed and all required paperwork is received by IDB Global Federal Credit Union. Advertised rate is based on variable rate auto loan with a rate that can increase or decrease quarterly on the first day of January, April, July, and October. Interest will begin accruing once loan is funded. Other programs and loan options available. APR = Annual Percentage Rate. Contact a IDB Global Federal Credit Union representative for loan details and restrictions. Subject to credit approval. The Credit Union requires that members provide a vehicle CARFAX® report.
FIXED RATE
Fixed rate vehicle loans provide you with the security of knowing your payment amount for the life of the loan. If you like to set a budget for expenditures, this is the loan option best suited for you. You may want to select this loan option if you are:
- Looking to pay consistent payments throughout the life of the loan
- Planning to keep the car longer than the life of the loan
- Certain of the exact date your car will be paid for
Variable Rate
Variable rate vehicle loans fluctuate in interest rate. IDB Global Federal Credit Union vehicle variable loan rates are adjusted quarterly.You may want to select this loan option if you are:
- Not planning to keep the car for a long period
- Looking for lower payments at first
- Interested in purchasing a higher priced car
QUESTIONS? Just contact our Lending Department to get started.
Vehicle Loan Rates
Effective as of 07/01/2022
All rates are subject to change daily. Disclosure information.
Effective as of 07/01/2022