When you lock in an auto loan approval with FFCCU, you can car shop with confidence. We don’t just have the most competitive rates for car loans in Northeast Ohio, but we’re also here for you throughout the car-buying journey with service that’s local, friendly, and personalized. Whether you’re purchasing a new or used car, we’ve got you covered.
Current Credit Card Interest Rates
Auto Loans
| Type | Interest Rate | APR** |
|---|---|---|
NewCurrent and previous model year vehicle, never taxed or titled, with less than 1,000 miles | as low as 5.71%* | 5.81%** |
Pre-owned / Used newer than 7 years. | as low as 6.21%* | 6.41%** |
Pre-owned / Used 7 model years and older | as low as 7.21%* | 7.31%** |
*Approval and rates based on credit worthiness, number of years the loan is financed, amount financed, age of collateral and other qualifying criteria. Individuals must be 18 years of age or older, and elegible for membership. New car definition: Current and previous model year, never titled and has less than 1000 miles on it. FFCCU may consider a car loan refinance as a “new” auto loan if the vehicle being refinanced is within one year of original purchase date and member is the original owner. Rates quoted reflect .25% discount for EasyPAY (to qualify for EasyPAY, enroll in Online Banking with e-Statements, Direct Deposit at least $200 per month, sign up for Auto Pay for loan payments). Higher rate may be offered upon approval. The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law. Contact FFCCU at 800.621.4644 for details and current rates as they are subject to change at any time and without notice. |
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Why Choose FFCCU for Auto Loans?
FFCCU is committed to offering the best interest rates for car loans while providing our members with a level of service that sets us apart. As a community credit union, we put the needs of our community first with an easy loan application process, fast approval timeline, and exceptional customer support – in person or online through Online Banking.
We Make It Easy to Apply for an Auto Loan at FFCCU
Ready to take advantage of our competitive auto loan rates? We make the process easy:
Complete an application (online, in person or over the phone).
Give us a day or two to review your credit history. (We will reach out with questions if we need more information)
Set up automatic monthly payments through our convenient EasyPay. It may lower your interest rate by 0.25%!
FAQS
Typically, auto loans require:
- Proof of identity, including your driver’s license or passport
- Proof of income from your most recent W2 and paycheck stub
- Proof of residence from a recent bill (credit card statement or utility bill)
Yes. We may be able to save you money by refinancing your loan at a lower interest rate. Be sure to review your current loan’s financing terms and vehicle age when considering a refinance.
Used auto loan rates are typically a bit higher than new auto loan rates.
If you have all of your paperwork ready, the process can take as little as a few hours. If you need to gather additional documentation, your approval may take a bit longer.
Absolutely! Many people get pre-approval for an auto loan before they shop. This is a great way to lock in the current car loan rates so there are no surprises when you’re ready to purchase.
Credit score, debt-to-income ratio, loan type, credit history, loan amount, and loan term can all affect auto loan rates.
With FFCCU, there’s no penalty for paying off your auto loan early. Get in touch with our member contact center to determine your payoff amount.
Your maximum loan repayment terms can be as long as 84 months or as little as 24 months. This minimum loan term will result in higher monthly payments but may save you money in the long run, as you’ll pay less in interest.
We have different terms for new cars, used cars and used cars more than 7 years old. If a vehicle’s mileage is excessive it may fall into a higher rate category.
It depends on many factors, including the current interest rate environment, the type of car you’re purchasing (new or used), the term length and your own personal credit history.
Applicant eligibility often includes several factors, including income and credit score. At FFCCU, we look at the whole person when creating a loan package. Contact us, and we’ll discuss all of your options. Keep in mind, some auto loan lenders may require higher deposits depending on the credit risk profile.
We also offer loans for boats, jet skis, RVs, campers and more, providing the same competitive terms and outstanding service. Rates effective as of today’s date are subject to change based on market conditions. Be sure to check current rates when you apply.
