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  • No Alerts at this time. MECU: Baltimore's Credit Union

 

 

First Time Auto Buyer Loan (New & Used)

Summer Special – A chance to win FREE GAS for a year!1 and auto loan rates as low as 1.99% APR2

Enter to win!

Affordably priced auto loans designed specifically for first time auto buyers.

Helping members is our priority. That's why our First Time Auto Buyer Loan is designed for members with little or no credit history who may otherwise have difficulty obtaining a loan.

You'll get competitive rates and terms plus the opportunity to establish a positive credit history.

Features
  • Loan amounts ranging from $3,000 to $20,000
  • Financing up to 100% of the value of the vehicle ($500 down payment required)
  • As little as nine months employment with current employer
  • At-Dealer financing option at more than 150+ partner dealerships
  • Online car-buying tools to research, compare and find your perfect vehicle
  • Loan terms up to 60 months
  • Rate discount of 0.25% when you make a down payment of at least 10%
  • Rate discount of 0.25% with direct payment
  • Cash back with our exclusive Loan Interest Rebate program*

 

 

 

Vehicle Loan Resources



*Certain conditions apply. Subject to annual Board approval. 1Official Sweepstakes Rules. 2APR = Annual Percentage Rate. Rate current as of 6/13/2017 and subject to change. Rate is our lowest available rate on repayment terms up to 48 months and includes a 0.50% discount with direct payment and a minimum 10% down payment. The monthly payment per $1,000 borrowed at the stated rate of 1.99% APR is $21.69 for 48 months. Your actual rate may be higher depending on the amount of your down payment, collateral, amount financed, repayment term, credit history and ability to repay. Other repayment terms and rates are available. Subject to credit approval and verification of collateral.

 
*Certain conditions apply. Subject to annual Board approval. 2APR = Annual Percentage Rate. Rate current as of 6/13/2017 and subject to change. Rate is our lowest available rate on repayment terms up to 48 months and includes a 0.50% discount with direct payment and a minimum 10% down payment. The monthly payment per $1,000 borrowed at the stated rate of 1.99% APR is $21.69 for 48 months. Your actual rate may be higher depending on the amount of your down payment, collateral, amount financed, repayment term, credit history and ability to repay. Other repayment terms and rates are available. Subject to credit approval and verification of collateral.

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