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Auto Loan

Love What You Drive

Buy, refinance, or upgrade with an auto loan that fits your budget and your life.

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Start With a Vehicle That Fits Your Budget

Every vehicle decision starts in a different place. Whether you are still shopping, already found the right vehicle, or wondering if refinancing could help, these tools can give you a clearer starting point.

Still Shopping?
Use the Auto Affordability Calculator to estimate a price range. 
 
Already Found a Vehicle?
Use the Auto Loan Payment Calculator to estimate your monthly payment based on the vehicle price, loan amount, rate, and term. 
 
Thinking About Refinancing?
 Use the Refinance Calculator to explore whether refinancing may help lower your payment or adjust your loan terms. 
 
Limited-Time Auto Loan Offer

First Payment Up to 60 Days Later

When you finance an eligible vehicle with Elevate Credit Union, you may be able to schedule your first payment up to 60 days later. It is one more way to give your budget a little breathing room as you get settled into your new ride. 

Available on approved credit for eligible auto loans. The first payment date and loan terms are based on loan approval, the funding date, and the final loan documents. Other restrictions may apply.  

Special-Offer

Auto & Refinance Calculators

Not every auto loan question starts in the same place. Use our three calculators to explore what may fit your budget, estimate a monthly payment, or compare refinance options before you shop or apply. 

Find a Vehicle Price Range That Fits Your Budget

Start with your monthly budget, down payment, loan term, and rate to estimate a comfortable price range before you shop.

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Explore Auto Refinance Options

Compare your current payment with an estimated new payment to see whether refinancing an eligible vehicle may be a good fit for your budget.

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Estimate Your Auto Loan Payment

Have a vehicle or loan amount in mind? Use this calculator to estimate your monthly auto loan payment and see how different loan details may affect your budget.

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quotes

 

My granddaughter recently applied for her first car loan. I was with her when she did. Phil invited us into his office to complete his loan application. He made it a no-stress, easy-to-complete experience for her.
Cindy. PMember Since 2010
I had April at Elevate Credit Union help me with refinancing my vehicles. It was so easy. I was able to text her. The forms were all electronic. I didn’t have to go into the credit union for anything. 
Brandon Y.Member Since 2013
I visited Elevate as a nonmember for an auto loan. They matched the best interest rates I could find, didn't have original or other fees for starting a loan, and were so ready to work with! They were amazing and worked smoothly as a team between branches to help me get squared away on my loan.
Ric G.MEMBER SINCE 2023
Katie was the best to work with. She helped with the pre-approval of the loan, had good insight, answered all of our questions, and worked tirelessly over the phone to help seal the deal. We are grateful to have worked with her.
Emily B.Member Since 2022
LOVE, LOVE, LOVE that I was able to refi my truck through texting!!
Karol J.Member Since 2011
We had purchased a vehicle through a car dealership, and we wanted to refinance it. Elevate Credit Union was able to drop the interest while also taking a year off the loan. In the end, we lost $130 off our monthly payment!
NatalieMember Since 2002
I've financed all my cars and trucks with Elevate Credit Union. The process is so fast and easy, and their rates are unbeatable!
PhilMember Since 2009

     

Auto Loan Rates
AGE OF VEHICLE TERM MONTHS BENEFITS APR* AS LOW AS
2016-2026 36 LOWEST RATE. No payment for 60 days 4.24%
2016-2026 48 No payment for 60 days 4.49%
2016-2026 66 No payment for 60 days 4.74%
2016-2026 72 $12,000 or more. No payment for 60 days 4.99%
2016-2026 84 $25,000 or more. No payment for 60 days 5.74%
2011-2015 60 No payment for 60 days 6.24%
2010 & Older 48 No payment for 60 days 8.49%

 

*TERMS & CONDITIONS: APR = Annual Percentage Rate. Rates as low as 4.74% APR for up to 66 months, based on creditworthiness. | Other rates and terms available. | No payments required for the first 60 days; interest accrues from the date of funding. | Offer subject to change. Membership required. | Restrictions may apply. 

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Auto Loan FAQs

Have questions before you apply? These answers can help you better understand auto loan options, refinancing, payments, and what to expect when financing a vehicle with Elevate. 

What vehicle price range fits my budget? Your budget depends on more than the vehicle price. It can also include your down payment, loan term, interest rate, insurance, fuel, maintenance, and other monthly bills. Our Auto Affordability Calculator can help you estimate a vehicle price range that may feel comfortable before you shop.
Do I need to be a member to apply for an auto loan?

Yes. You do not have to be a current Elevate Credit Union member to apply for an auto loan. If your loan is approved, becoming a member will be part of the loan process. You will need to know your Social Security number, provide proof of address if you have recently moved, and confirm that you meet Elevate’s field-of-membership requirements.  

Can I get pre-approved before I shop? Yes. Getting pre-approved can help you understand your budget before visiting a dealership or buying from a private seller. It can also make it easier to compare vehicles and shop with more confidence.
Can I finance a new or used vehicle?

Yes. Elevate offers financing options for new and used vehicles, as well as eligible auto loan refinances. Rates, terms, approval, and available options depend on creditworthiness, vehicle eligibility, and final loan terms.

Not sure where to start? Our friendly Elevate team is happy to answer your questions, explain your options, and help you feel comfortable with the next step.

How do I estimate my monthly auto loan payment? Your estimated payment can vary based on the loan amount, interest rate, loan term, and credit tier. Our Auto Loan Payment Calculator can help you explore different options and get a better idea of what your monthly payment may look like.

And remember, you do not have to figure it out alone. Our friendly Elevate team is here to answer questions, explain your options, and help you feel confident before you move forward.

What do I need to apply for an auto loan?

To apply, you will need basic contact information, income information, employment details, recent pay stubs, and vehicle information, including the VIN if you have already chosen a vehicle.

Still looking for the right vehicle? No problem. You can apply for pre-approval first, which can help you understand your financing options and shop with more confidence.

Is GAP insurance or an extended warranty available?  GAP insurance and extended warranty options may be available with eligible auto loans. These options can help provide additional protection depending on your vehicle, loan, and coverage needs.  
Can I delay my first auto loan payment? Depending on loan approval, funding date, and final loan documents, you may be able to schedule your first payment up to 60 days later on eligible auto loans. Other restrictions may apply.  
Are there fees or charges for paying off my auto loan early? No. Elevate Credit Union does not charge early payoff fees or prepayment penalties on auto loans. You can pay extra toward your loan or pay it off early without an added fee from Elevate.  
How many months can I pay ahead on my auto loan?

Yes. You can pay your Elevate Credit Union auto loan up to 3 months ahead. 

Does Elevate Credit Union finance vehicles with branded, salvage, or rebuilt titles?

Yes. Elevate Credit Union may finance vehicles with branded or rebuilt titles for up to 80% of the vehicle’s value. The vehicle must be rebuilt and in a drivable condition. Elevate does not finance vehicles with salvage titles that have not been rebuilt. Approval, loan amount, and terms may vary based on the vehicle and the borrower’s qualifications.

Ask A Question About Auto Loans

Ask Simon, our AI bot a question 24/7 by clicking the "Live Chat" button in the lower right corner, or speak with one of our Elevate Team anytime during our business hours by doing the same. Or, fill out this brief form and we will get back with you. We are here to help and answer your questions!


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