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Auto Loan Rates


You may have heard the saying, “It’s not the destination; it’s the journey.” We agree, and we want to help you on your car buying journey. OUCU Financial’s affordable and convenient auto loans are crafted to match your specific needs and budget. Whether new, used, refinancing, or low credit score, we can help!

Through our simple pre-approval process, you’re just a few steps from driving away in the car of your dreams. 

New Auto Loan Rates

Our new vehicle APR goes as low as 6.24% Annual Percentage Rate (APR). This applies to current model year vehicles or prior model year with fewer than 15,000 miles. Our APR over our max term of 84 months is 6.99% APR.

Used Auto Loan Rates

Receive a 6.24% APR for Used vehicles 2022 - 2019. Our rates increase to 7.49% APR for used cars between Used vehicles 2018 - 2015 and 8.99% APR for Used vehicles 2014 & Older. 

Refinancing Rates

Refinancing your existing auto loan might be beneficial to you as well. Benefits of refinancing include:

  • Lower monthly payment

  • Lower overall interest paid amount

  • Shorter loan term

  • Lower interest payments over the life of your loan

  • Cash to use for another purpose


Low Credit Auto Loan Rates

Don’t let a less than desirable credit score prevent you from applying for a loan. Our goal is to help you achieve your goals. We work with you to create an auto loan payment that will get you where you need to go. 

Rate Chart


Factors Impacting Auto Loan Rates

Several determinants go into calculating your auto loan rate. Knowing these factors will help you be more knowledgeable on the subject and be aware of what to expect when creating a budget. 

Some of these factors include:

Loan Term

You can choose the length of time in which you want to pay off your loan. Term lengths range from 24 to 84 months. With a shorter term, you will receive a lower APR because you are agreeing to pay off your loan quicker.

Credit Score

With a higher credit score, you are subject to lower APR. A lower credit score equates to higher interest rates because your history of credit is important in determining your reliability. 

Year of Car

The age of your car matters when determining your loan rate. A newer vehicle will get you a lower APR. An older vehicle will have a higher interest rate because it’s not as valuable or reliable. If you fail to make your payments, the resale value is much lower on an older car.

Loan Lender

Where you decide to finance your car is a major factor in determining your loan rate. We encourage you to do your research when choosing your lender. Whether it’s through a credit union, bank, or dealership, look into who can give you the lowest rate for your situation.

At OUCU Financial, we’re able to provide personalized service and comprehensive rates to encourage financial stability and wellbeing.

Explore Auto Loan Rates & Financing Options

Get preapproved with us today! Let us reduce the stress that comes with car shopping by giving you peace of mind that you have secured the best rate for your circumstances. At OUCU, we offer important auto financing and car buying resources to support you during the process.

Determine your monthly payment or car purchase price with our Auto Loan Calculator. Discover what is considered the perfect car for you by comparing the pros and cons to make an informed, responsible financial decision. 

Discover Your Financing Options


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