See How It Works
It's easy as 1,2,3
Pre-arranged, no-hassle financing with MCU
2. Research &
See what others paid for the car you want
3. Buy with
Visit the certified dealership with your guaranteed savings certificate and VIP check and then drive away with your new car
Benefits of the MCU Car Buying Service**
Easy Loan Application Process
Complete your pre-approval online, get a quick response from application to closing. With MCU eSign, there is no need to visit a branch.
Convenient VIP Purchase Check Option
Before you visit a dealer, contact MCU for a VIP Check auto draft. If you qualify, MCU will give you a vehicle purchase check up to your pre-approval amount. When you visit a dealer with a VIP check in hand, you’ll be in a better position to negotiate.
Get Member Savings
Enjoy a simple, no-hassle experience with low, upfront pricing in writing and an average savings of $2,607*** off MSRP on new vehicles.
+Interest will accrue from the inception date of the loan. This offer does not apply to auto loans currently financed with Municipal Credit Union. Offer applies to new, used or refinanced vehicles from another financial institution.
*APR = Annual Percentage Rate. Rates based on applicant's creditworthiness, auto model year, loan term and method of repayment and certain restrictions may apply. Down payment may be required. Discount APR available with approved credit and requires direct deposit or automatic payroll deduction as the method of repayment and will increase by .50% after consummation if automatic payroll deduction or direct deposit is cancelled. Best rates may be available when using MCU Car Buying Service (.50% APR discount). MCU only finances vehicles purchased from a car dealer, franchise car dealer or the following independent dealers: TRUECar® Certified Dealers, Enterprise Car Sales, Carvana®, CarMax® or Hertz Car Sales®. Franchise dealers sell new and used cars for auto manufacturers such as Ford®, General Motors®, Chrysler®, Honda® and others. Automobile financing is only available to MCU members residing in NY, NJ, CT or PA. Payment example: if you choose a 48 month auto loan for model year 2020-2016, your payments will consist of 48 monthly payments of $21.82 on each $1,000 borrowed at 2.29% APR. Late payment fee: $25.00. Membership is required. Rates and terms are subject to change without notice.
**MCU Car Buying Service is provided by TRUECar. MCU is not responsible for, nor makes any representations or warranties as to, TRUECar’s products and services, its claims or its website content. TRUECar operates its program and information website (which features pricing performance, technical and safety data available for new and used vehicles) totally independent of MCU. Also, each certified dealer sets its own pricing and will confirm actual vehicle availability from in-stock inventory. Finally, please be aware that TRUECar’s website may have privacy and information security policies that are different than those of MCU. MCU disclaims any responsibility for the content and accessibility of the third party website you are about to access. MCU does not have the ability nor any right to change or affect the content and accessibility of the third party website you are about to access.
***Between 1/1/19 and 12/31/19, the average savings off MSRP experienced by consumers who connected with a TrueCar Certified Dealer through the Municipal Credit Union Auto Buying Program and who were identified as buying a new vehicle from that Certified Dealer was $2,607. Your actual savings may vary based on multiple factors, including the vehicle you select, region, dealer, and applicable vehicle-specific manufacturer incentives, which are subject to change. The MSRP is determined by the manufacturer and may not reflect the price at which vehicles are generally sold in the dealer's trade area, as many vehicles are sold below MSRP. Each dealer sets its own pricing.