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Vehicle Loans

Whatever your need in a car, Common Trust Federal Credit Union has the loan you need. Are you in the market for a new or used car? Whatever the dealer cost, you will save when you finance your new car with an automobile loan from us! Come to us for the best interest rates and payment terms.

New Auto Loans

  • We can provide up to 120% financing on your new car or truck purchase.

  • We can also finance for up to 7 years on new cars or trucks.

Used Auto Loans

  • We can provide up to 120% financing of the NADA Retail value of your used car or truck purchase.

  • We will finance vehicles up to 7 model years old, and in some cases older.

Get GAP

  • Gives peace of mind by avoiding financial uncertainty after a traumatic loss

  • Protect your investment

  • Allows a “clean slate” when financing your next purchase

  • Check back soon for more information!

Vehicle Loan Rates

Effective 1/1/2024

Name Term (in Months) APR* Loan Amount Year
Vehicle New*** Finance up to 120% of the Value of the vehicle Up to 60 Months As Low As 5.49% Maximum $100,000 2022-2024
Vehicle New*** Finance up to 120% of the Value of the vehicle Up to 61-84 Months*** As Low As 5.99% Maximum $100,000 2022-2024
Vehicle Used*** Finance up to 120% of the Value of the vehicle Up to 60 Months As Low As 6.24% Maximum $75,000 2017-2021
Vehicle Used*** Finance up to 120% of the Value of the vehicle Up to 36 Months As Low As 7.49% Maximum $50,000 2007-2016
Classic Cars Up to 36 Months Call Maximum $50,000 N/A
Motorcycle New*** 100% Up to 72 Months As Low As 6.49% Maximum $50,000 N/A
Motorcycle Used*** 90% Up to 60 Months As Low As 7.49% Maximum $50,000 2019-2023
Motorcycle Used*** 80% Up to 36 Months As Low As 8.49% Maximum $50,000 2008-2018
RVs & Boats 100% Up to 120 Months As Low As 8.50% Minimum $10,000
Maximum $100,000		 N/A

*Actual APR based on credit history and term
**Prime rate is currently at 8.00%
***New Vehicles (current year) must have less than 6,000 miles, greater than 6,000 will be considered used
**** For 84 Months loan amount must be greater than $50,000 Auto Loans financed for over 100% of the value of the vehicle MUST have GAP insurance Rates are Subject to change without notice.