Vehicle 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.
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
- Wheel type
- Roof type
- Number of cylinders
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 January 5, 2018
All rates are subject to change daily. Disclosure information.
Effective as of January 1, 2019