Vehicle Loan Rates

Financial wellness begins and ends with the facts. Here’s what you need to know!

* Annual Percentage Rates (APRs) as of 12/1/2022 and subject to change without notice. Final rates and terms for approved applicants depend on credit and payment history, payment method and other factors which may be lawfully considered. All loan rates and terms subject to change without notice. Restrictions may apply. The lowest APRs shown are those available to borrowers with excellent credit and include a rate discount of 0.25% for automatic payment from NIHFCU savings or checking account. If automatic payment ceases before the loan is paid in full, the rate will increase by 0.25%. Maximum discount on base rate is 0.25%. Certain restrictions may apply. 6.99% APR for up to 36 months available on new motorcycles. Payment example: Loan amount of $20,000 at a rate of 6.99% APR for 36 months would have a monthly payment of $617.45.The NIHFCU does not provide loans for private party purchased vehicles.

** 73-84 month financing term is available to borrowers based on credit worthiness.

*** APR as of 12/1/2022 for highly qualified applicants. Vehicles that have a model year older than 10 years will be priced at the signature loan rate. Final rates and terms for approved applicants depend on credit, vehicle information, payment method and other factors which may be lawfully considered. All loan rates and terms subject to change without notice. Restrictions may apply. A 90-day deferral of the first payment may be available on certain vehicle loans, as determined by the credit union. Deferring a payment will delay the payoff of your loan, and result in additional finance charges if you only make minimum payments. You need to make up the deferred payments. If the credit union agrees to a deferral, additional restrictions may apply. Skipping a payment will delay the payoff of your loan, and result in additional finance charges if you only make minimum payments. You need to make up the payment skipped. Auto loan skip-a-pay program is subject to change at any time; restrictions apply. Complete the Payment Vacation form to enroll.

¹ Includes 0.25% off for automatic-debit of loan payment from NIHFCU savings or checking account.

2 Includes an additional 0.25% for automatic-debit of loans payments from an NIHFCU TotalCare checking account. Payment example: Loan amount of $20,000 at a rate of 4.74% APR for 24 months would have a monthly payment of $875.10. An approved applicant’s base rate will depend on credit history, loan amount, vehicle information and payment schedule selected. Model year less than 8 years old.

* Borrower must finance their NIHFCU’s Online Car Buying Service purchase with the NIHFCU to be eligible for this offer.  Auto loan application must be submitted and funded between 12/05/2022 – 1/31/2023. Final rates and terms for approved applicants depend on credit and payment history, payment method and other factors which may be lawfully considered. All loan rates and terms are subject to change without notice. Restrictions apply.

Other Information for Vehicles

A 90-day deferral of the first payment may be available on certain auto loans, as determined by the credit union. Deferring a payment will delay the payoff of your loan, and result in additional finance charges if you only make minimum payments. You need to make up the deferred payments. If the credit union agrees to a deferral, additional restrictions may apply.

NIHFCU does not finance private party purchased vehicles, salvage, gray market, lemon law buyback or other branded title vehicles.

The minimum loan amount for up to 84 months is $15,000.

Loan amounts financed up to $200,000.

Should a member want to purchase a vehicle that is older than ten model years, a Signature Loan application needs to be submitted. The loan will be priced at the current Signature loan rate.

Maximum odometer miles 100,000.

Vehicles with model year older than eight years will receive an increase of up to 2%.

Final assigned rate will depend on factors indicated above and other factors NIHFCU may lawfully consider. Actual rates will be disclosed to approved applicants once final vehicle information is received. Rates may increase if the vehicle is outside the standard factors.

Other Information for Motorcycles

A 90-day deferral of the first payment may be available on certain motorcycles, as determined by the credit union. Deferring a payment will delay the payoff of your loan, and result in additional finance charges if you only make minimum payments. You need to make up the deferred payments. If the credit union agrees to a deferral, additional restrictions may apply.

A 90-day deferral of the first payment is an option available on all Motorcycle loans.

New Motorcycle is classified as the Title has not been recorded and 2,000 or less miles.

NIHFCU does not finance vehicles with more than 100,000 odometer miles, private party purchased vehicles, or salvage, gray market, lemon law buyback or other branded title vehicles.

Final assigned rate will depend on factors indicated above and other factors NIHFCU may lawfully consider. Actual rates will be disclosed to approved applicants in writing prior to funding.

The minimum loan amount for up to 84 months is $15,000.

An approved applicant’s base rate will depend on credit history, loan amount, vehicle age and payment schedule selected.

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