Auto loans

An auto loan from your own credit union.

Drive home the truck you’ve been wanting, financed at the credit union you help own. You’re not a number here. Every member gets the same rate.

Apply Now

Rates as low as

5.10 % APR*

Auto · up to 3 years old

Cars and trucks

The one you’ve got your eye on.

Most folks have a truck picked out long before they buy it. Apply first, and you can walk onto the lot with your budget already settled. If another local lender offers a lower rate on a new loan, the credit union will match it.

  • Same rate for every member, whatever your credit score
  • Up to 100% financing on vehicles up to 3 years old, and up to 90% on older ones
  • Take up to 7 years to pay it back
  • Move a loan from another lender for the time left on it
  • Rate match on new loans, with a credit score of 700 or higher
Apply for an auto loanSee today’s rates →

Today’s rates

Auto loan rates

Every member gets the same rate. It’s set by how old the vehicle is and how long you take to pay, and newer vehicles get the lowest rates.

Product Term Rate
Auto · up to 3 years oldUp to 100% of purchase price or book value 4 years 5.10 % APR*
5 years 5.35 % APR*
6 years 5.60 % APR*
7 years 6.55 % APR*
Auto · 4–6 years oldUp to 90% of purchase price or book value 5 years 5.55 % APR*
6 years 6.15 % APR*
7 years 8.00 % APR*
Auto · 7+ years oldUp to 90% of purchase price or book value 4 years 5.45 % APR*
5 years 6.00 % APR*
See all rates

Loan calculator

Estimate your monthly payment

This uses today’s rates. Nothing you type here is saved or sent anywhere.

Estimated payment

$381a month

Rate
5.35% APR
Payments
60
Interest
$2,838
Total you pay
$22,838

An estimate, not a quote. Every member gets the same rate for the same loan and term.

Apply for an auto loan

How to apply

Three steps to the keys.

  1. Step 1

    Apply

    Apply online any time. You can also call (256) 383-6551 or stop by the branch at 1705 E. 17th Street.

  2. Step 2

    Hear back

    The loan team looks over your application and calls you with your rate and payment.

  3. Step 3

    Get the keys

    Sign your loan papers, and it’s yours to drive home.

Start your application

Questions

Auto loan questions

Don’t see yours? Call (256) 383-6551, Monday–Friday, 8 to 5.

Does everyone really get the same rate?

Yes. Every member gets the same rate for the same loan and term, whatever their credit score. Your credit history still plays a part in whether the loan is approved.

How old can the vehicle be?

Rates are set for three age groups: up to 3 years old, 4 to 6 years old, and 7 years or older. Loans on vehicles up to 6 years old can run up to 7 years, and loans on older ones up to 5.

How much can I borrow?

You can borrow up to the full purchase price or book value on a vehicle up to 3 years old, and up to 90% on an older one.

Can I move my loan here from another lender?

Yes. You can move a vehicle loan here for the time you have left on it.

Is there a rate match?

On new loans, yes. Bring a written, dated offer from another local lender for the same loan, amount and term, and the credit union will match it. You’ll need a credit score of 700 or higher.

Do I need to be a member?

Yes. Membership is open to the whole IBEW Local 558 family, and it starts with $25 in Share Savings. You can apply for membership online.

More ways to borrow

Something else on the list?

*APR = Annual Percentage Rate. Not all applicants will qualify. Rates are subject to change without notice. We’ll match a lower rate on a comparable new loan offered by another local lender. To qualify, you need a credit score of 700 or higher and a written, dated offer or quote from the competing lender at the time of application. The offer must be for the same loan type, amount, and term, and for a loan you qualify for with that lender.

Auto loans

Go find the one.

Apply online, or call (256) 383-6551 to go over the payment with the loan team.

Apply for an auto loanCall (256) 383-6551