Rates
Auto Loan Rates
| Description | 0 – 36 months | 37-48 months | 49-60 months | 61-72 months | 73-84 months |
|---|---|---|---|---|---|
| NEW: 2010 & newer | 3.75-9.00% | 3.99-10.00% | 3.99-11.00% | 3.99-11.00% | 4.99-12.00% |
| USED: 2005-2009 | 4.75-10.00% | 4.99-11.00% | 4.99-12.00% | 4.99-12.00% | 5.99-13.00% |
| USED: 2004 | add 1.50% | add 1.50% | add 1.50% | add 1.50% | add 1.50% |
| Rates shown are for direct auto loans. Annual Percentage Rates (APRs), terms, programs and structures are as of February 2, 2010 and subject to change at NIHFCU’s discretion. |
Available discounts:
- 0.25% for GO GREEN vehicle financing (model year 2007 or newer, EPA City MPG 25 or better)
- 0.25% for downpayment of 20% of purchase price
- 0.25% for direct deposit to NIHFCU of net payheck, social security or other regular income.
Maximum discount is 0.75%. Discontinuation of qualifying direct deposit during loan payoff will increase loan interest by 0.25%.
Other Information
- NIHFCU direct auto loans are extended under an open-end credit plan.
- To be eligible for new vehicle auto rates, vehicle must have 2,000 miles or less.
- NIHFCU does not finance vehicles with more than 100,000 miles, or salvage, gray market, lemon law buyback or branded title vehicles.
- Assigned rates vary depending on borrower credit history, down payment, discount eligibility and other factors NIHFCU may lawfully consider. Actual rates will be disclosed to approved borrowers in writing prior to loan funding
- The minimum amount financed for 72 months is $10,000. The minimum for 84 months is $15,000. The minimum on all other loans is $5,000. Loan requests for less than $5,000 will be reviewed on an exception basis only.
