Auto Loans

Rates as low as 5.49% APR*!

Your dream car is waiting! Enjoy a hassle-free loan application process and up to 3 months with no payments†.

Family with Sedan and CFCU Auto Loan
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Auto Loan Refinance Special
Family with Sedan and CFCU Auto Loan

A Better Auto Loan is Just a Click Away

Communication Federal Credit Union offers fast, friendly service and low interest rates on our new and used auto loans. Our auto loan experts can help you get pre-approved and take the stress out of your next car or truck purchase!

  • Low, Fixed Interest Rates
  • No Payments for up to 3 Months†
  • Fast and Easy Application Process
  • Zero Hidden Fees and No Prepayment Penalty
  • Friendly, Personalized Service
  • Get Pre-Approved and Buy from a Dealer or Private Party
Yes, Communication Federal Credit Union can finance rebuilt or salvage title vehicles, with a few important considerations.
 
What to know
  • Loan amount limits – We can finance up to 50% of the NADA (National Automobile Dealers Association) clean retail value for rebuilt or salvage title vehicles.
  • Vehicle condition – The vehicle must be operable. We cannot finance vehicles that are inoperable or have a junked title.
  • Insurance requirement – Full coverage insurance (collision and comprehensive) is required.
  • Out‑of‑state purchases – We can work with out‑of‑state sellers and title requirements. A copy of the title (front and back) may be required before funding.
What to have ready
  • Vehicle details (year, make, model, VIN)
  • A copy of the title showing the rebuilt or salvage designation
  • Proof of full coverage insurance
  • For private party sales: seller information and bill of sale
We can’t finance
  • Vehicles with junked titles
  • Inoperable or black‑tagged vehicles

Three Great Reasons to Apply Before You Shop

1 - Get Better Rates

Financing at the dealership often results in higher interest rates than getting pre-approved for a loan with your credit union. At CFCU we offer rates as low as 5.74% APR* on new and used auto loans!

Getting pre-approved for a loan puts you in a better position to negotiate. If you know what rate your credit union is able to offer, you can leverage this to negotiate better rates or prices from the dealership.

2 - Know Your Budget

Stay within your budget when shopping for a new or used car by knowing what loan amount you are approved for, and what monthly payments will be for the loan term.

Avoid making one of the most common car-buying mistakes: negotiating the monthly payment amount, and not the total purchase price. While it’s important to stay within your monthly budget for the loan payment amount, negotiating solely on monthly payments usually results in longer loan terms, higher interest rates, and more hidden fees.

3 - Save Time

When you get pre-approved for an auto loan before visiting the dealership, you’ll save time throughout the buying process. You’ll spend less time negotiating rates and payments, less time waiting for loan applications and paperwork to go through, and more time focusing on buying the right car for you at the right price.

Ready to take the next step? Click here to apply for an auto loan at a great rate from Communication Federal Credit Union!
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Monthly Payment Calculator

Need to calculate how much car you can afford or what your monthly auto loan payment will be? Use this simple calculator to crunch the numbers.

Check Out CFCU's Car-Buying Resources

AutoSMART

Communication Federal Credit Union has partnered with several AutoSMART dealerships to make your next auto purchase easier.

When you get approved for an auto loan at CFCU, dealers on our AutoSMART network can see that you are already approved for a loan from the credit union. As a result, the dealerships know you are ready to buy and you have better negotiating power when you shop.

Because of our relationship, you can even close your loan with CFCU right at the dealer, saving you valuable time.
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First Rate Autos

CFCU has teamed up with other area credit unions to sell repossessed autos through our partner, First Rate Autos! Buying at First Rate Autos is simple because they have no-haggle pricing.

If you are approved for an auto loan with Communication Federal Credit Union and you buy from First Rate Autos, your rate for your loan will not be more than 3.99% APR†, regardless of your credit score. Inventory changes frequently, so be sure to check back often for great deals.
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Enterprise Car Sales

For more than 50 years, Enterprise Car Sales has been selling cars only one way: they select great cars, offer them at competitive used car prices, and back each one with one of the industry’s best car warranties.

In addition to low used car prices, their professional staff is trained in a low-pressure sales process that puts their customers’ needs first. “That’s the right way to sell cars. It’s the Enterprise way.”
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Car Buying Tips

Whether you are a first-time car buyer or you’ve been in the game for a while, here are a few tips and tricks from the pros at CFCU.

  1. Determine Your Budget
  2. Get Pre-Approved
  3. Focus on the Total Purchase Price
  4. Know When to Shop
  5. Don’t Be Afraid to Walk Away
Learn More

Apply online and experience the credit union difference with your next auto loan.

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†Interest begins accruing when funds are disbursed.

*APR = Annual Percentage Rate. Current CFCU loans not eligible for refinance at these rates. Rates and terms subject to change without notice. Rates will be determined at the time of your application based on your information and credit history. All offers subject to credit approval. Additional terms and restrictions apply, including vehicle age.