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AUTO LOANS
Shift Into Drive Today
Get pre-approved, and into the car of your dreams with rates as low as 6% APR1
1This is a discounted rate. The APR for auto loans will increase by .25% after consummation if the member does not have a direct deposit into their share draft (checking) account within 60 days of the loan closing.
MCU is federally insured by NCUA.
Discover Financing Options That Put You in the Driver’s Seat.
Offering a suite of benefits tailored for your security and convenience—including great rates, flexible payment options, and more—an MCU auto loan will help you ensure a smooth path to your big purchase.
Features & Benefits
- Competitive Rates
- Pre-Approved Financing
- No Money Down Payment Options
- New & Used Vehicle Lending
- Refinancing Options
- Affordable Insurance Protection
- MCU Car Buying Service
Today's Rates
New Auto Purchase
Up to 36 Months
as low as
6.00 %
APR(1)Used Auto Purchase
Up to 36 Months
as low as
6.25 %
APR(1)(1) APR = Annual Percentage Rate (OPEN TO READ MORE)
1APR includes a .25% discount based on you establishing direct deposit to your MCU checking account. If your direct deposit is not established within 60 days of this loan, the Annual Percentage Rate will increase during the term of this transaction. If you discontinue direct deposit, your interest rate will increase by .25% and you will be required to make additional payments of the same amount until what you owe has been repaid. For example, if your loan was for $15,000 for 60 months at 6.25% and the rate increased to 6.50% due discontinuance of direct deposit after 24 months, you would have to make 1 additional payment.
APR shown also reflects the .25% APR discount for purchasing through the MCU Car Buying Service provided by TRUECar®. MCU will only finance vehicles purchased from franchise car dealers or the following independent dealers; TRUECar® Certified Dealers, Enterprise Car Sales, Carvana®, CarMax® or Hertz Car Sales®.
Rates may be higher based on applicant's creditworthiness, auto model year, loan term, loan amount and method of repayment. Rates and terms are subject to change without notice. Lien placed on vehicle. Certain restrictions apply. Minimum loan amount of $20,000 for terms up to 72 months. Minimum loan amount of $30,000 for 84 month term. Late payment fee: $25.00. MCU membership is required.
Choose the Loan That’s Right For You.
Whether you’re looking for the thrill of new car ownership, the value of a pre-owned gem, or the savvy savings of refinancing, select from auto loan options designed to fuel your journey with confidence and ease.
New Car Loan
Rev up your new-car excitement with an auto loan that fast-tracks you to the driver’s seat of your dream ride.
Used Car Loan
Cruise into ownership of a pre-owned vehicle with financing that’s as accommodating as it is affordable.
Refinanced Car Loan
Fine-tune your budget by refinancing your existing auto loan, aiming for lower payments and smarter savings.
4 Easy Steps From Application to Approval
Apply Online Today
Take the fast lane to your new car with our hassle-free online application. No fees, no fuss—just a streamlined process to get you behind the wheel in no time.
Get Pre-Approved
Lock in your rate and hit the road with confidence. Our pre-approval keeps your options open for 60 days, giving you the freedom to find the perfect ride.
Head to the Dealership
With your pre-approval in hand, it’s time to go to the dealership and find your dream car. Shop stress-free knowing your financing is locked and loaded.
Secure Your Auto Loan
Seal the deal online with digital banking, in person at your nearest MCU branch, or by calling 1-844-MCU-NYNY (1-844-628-6969) (Option 2). Our team will guide you through the final steps, ensuring a smooth purchase process.
Auto Loan Calculator
Get a breakdown of your anticipated monthly payment based on factors like price, loan term, down payment, and more.
From Purchase to Protection, MCU Has You Covered.
Start your journey by finding the ideal car with MCU’s Car Buying Service—powered by our trusted partners at TrueCar®—and keep the road ahead worry-free with auto insurance from our trusted partner TruStage®.
Get Peace of Mind with MCU Debt Protection.
In partnership with TruStage, Debt Protection could be used to cancel your personal, or auto loan balance or payments up to the contract maximums should you experience a covered life event.
Eligibility requirements are simple. Protected events include involuntary unemployment (certain restrictions may apply), disability, or loss of life.
Get Answers to Our Most Frequently Asked Questions.
Why does pre-approval matter?
What is GAP coverage?
covered by the borrower's primary insurance carrier settlement in the event of a total loss or unrecovered theft, subject to
limitations and exclusions, including but not limited to loan-to-value (LTV) maximum, delinquent payments, late charges,
refundable service warranty contracts and other insurance related charges.
GAP covers the difference between the borrower’s outstanding loan balance and the actual cash value (ACV) of the vehicle up to the maximum LTV%.
How does the MCU Car Buying Service work?
What is MSRP?
Do Roadside Assistance personnel respond to accidents?
Does Mechanical Breakdown Protection replace car insurance?
Does Mechanical Breakdown Protection pay for repairs and maintenance?
How many times can I use my Mechanical Breakdown Protection?
Does my family get to use Mechanical Breakdown Protection?