Auto Loans | Municipal Credit Union

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

Estimate Your Monthly Payment

New Auto Purchase

Up to 36 Months

RATES STARTING AT

5.49 %

_APR⁽¹⁾

Used Auto Purchase

Up to 36 Months

RATES STARTING AT

5.74 %

_APR⁽¹⁾

(1) APR = Annual Percentage Rate (OPEN TO READ MORE)

^{1 APR = Annual Percentage Rate.}

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

**Additional discount available with established direct deposit to MCU Everyday Hero Checking account.

MCU membership is required.

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®.

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.

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Used Car Loan

Cruise into ownership of a pre-owned vehicle with financing that’s as accommodating as it is affordable.

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Refinanced Car Loan

Fine-tune your budget by refinancing your existing auto loan, aiming for lower payments and smarter savings.

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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.

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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®.

Plan, Explore, and Buy with Confidence

Finding your dream car has never been easier. With the help of our partners at TrueCar®, our Car Buying Service lets you quickly and easily secure financing, compare vehicles, and make final purchase decisions.

Protection for the Long Haul

When life surprises you, we’re there to help. Get peace of mind knowing you and your family are protected from the unexpected—secure top-notch protection at an affordable price, through our partner TruStage®.

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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.

Learn More

Get Answers to Our Most Frequently Asked Questions.

Why does pre-approval matter?

Getting pre-approved for an auto loan shows you the amount that you’re approved for before you go in to purchase a new vehicle, helping you set a manageable budget for your new car purchase. Having this information beforehand empowers you to make smart spending decisions and gives you greater buying power at the dealership to help you save money.

What is GAP coverage?

Guaranteed Asset Protection (GAP) s a voluntary, non-insurance product designed to waive the remaining loan balance not
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?

The MCU Car Buying Service is provided through a partnership with TrueCar®. You can use the service to find a new or used vehicle, apply for financing and make a purchase all within a single process. Learn more here.

What is MSRP?

MSRP stands for Manufacturer’s Suggested Retail Price. It is the price that the specific car manufacturer recommends the vehicle should be sold for. While this price does influence the final cost of the car, depending on certain scenarios the price may end up being higher or lower than this recommended amount.

Do Roadside Assistance personnel respond to accidents?

In the case of a serious accident, you should call 911 or other emergency responders. Roadside Assistance personnel can tow your car from the scene of an accident, or assist you if you get a flat tire or run out of gas before you can fill up your tank.

Does Mechanical Breakdown Protection replace car insurance?

No, Mechanical Breakdown Protection can cover mechanical issues that are typically not covered by regular car insurance. MBP helps to protect you from unexpected repair costs, increasing the resale value, and providing peace of mind if a breakdown does occur.

Does Mechanical Breakdown Protection pay for repairs and maintenance?

While Mechanical Breakdown Protection does not cover routine maintenance, it will cover many types of repairs that your vehicle might need.

How many times can I use my Mechanical Breakdown Protection?

You can use your Mechanical Breakdown Protection as many times as you need, as long as you are within a set number of years and number of miles on your vehicle.

Does my family get to use Mechanical Breakdown Protection?

Yes! Since Mechanical Breakdown Protection covers the vehicle itself, anyone who drives that vehicle can use the policy to pay for covered repairs.

Driving Community Success for our Members.

No matter where you are in life or what goals you’re working toward, MCU is ready to assist you with educational resources, reliable banking products, and personalized service designed to help you create an exceptional financial future.

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