Vehicle Loan Rates

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

New Vehicles: Current year model or newer untitled vehicles, with up to 2,000 miles. Financing is available up to the JD Power valuation plus tags, title, taxes and extended warranties not to exceed 125% LTV.

Used Vehicles: Current year model or older vehicles of up to 8 years with 2,000-100,000 miles. Financing is available up to the JD Power valuation plus tags, title, taxes and extended warranties not to exceed 125% LTV.

* Annual Percentage Rates (APR) as of 8/9/2024 and subject to change without notice. The lowest APR shown is available to new car applicants with excellent credit and includes a rate discount of 0.25% for automatic-debit loan payments from an NIHFCU savings or checking account, and the 0.25% discount for financing your NIHFCU online car buying service purchase with NIHFCU during the promotion period (for loans up to $49,999.99 – 0.50% discount for loans of at least $50,000). If automatic payment ceases before the loan is paid in full, the interest rate will increase by 0.25%. Auto loan application must be submitted between 8/15/2024 – 10/15/2024 and funded by 11/15/2024. Final rates and terms for approved applications depend on type of collateral, credit and payment history, payment method and other factors that may be lawfully considered. Restrictions may apply and offer subject to change without notice. Payment examples: Loan amount of $20,000 at a rate of 5.24% APR for 36 months would have monthly payments of $601.58 and a loan amount of $50,000 at a rate of 4.99% APR for 36 months would have monthly payments of $1,498. The NIHFCU does not provide loans for private party purchased vehicles. Your purchase of MEMBER’S CHOICE™ Guaranteed Asset Protection (GAP) is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative or refer to the Member Agreement for a full explanation of the terms of GAP. If you choose GAP, adding the product fee to your loan amount will increase the cost of GAP. GAP-1062538.1-1114-1216.

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

*** APR 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 deferral of up to 90 days for your 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.

Other Information for Vehicles

A deferral of up to 90 days for your 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.

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 deferral of up to 90 days for your 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.

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.