New & Used Auto Loans
Buying a car is a significant investment, and securing the right financing can make a big difference. At First NRV FCU, we're committed to empowering you throughout your car-buying journey.
Here's what sets us apart when it comes to auto loans:
Competitive Rates & Flexible Terms: We offer attractive auto loan rates to fit your budget, with flexible term options to match your repayment goals.
Straightforward Application Process: Our application process is simple and transparent, so you can get pre-approved quickly and confidently navigate your car purchase.
Local Expertise & Personalized Service: Our knowledgeable loan officers understand your needs and are here to answer your questions every step of the way.
Focus on Your Financial Future: Getting a pre-approval with us allows you to shop with peace of mind, knowing exactly what you can afford. Plus, unlike dealerships or some banks, we prioritize your financial wellness, offering competitive rates that won't break the bank.
Why Choose First NRV FCU for Your Auto Loan?
Beyond the benefits listed above, here's a breakdown of why financing at First NRV FCU might be a better choice than a bank:
Membership Benefits: As a member-owned cooperative, we prioritize our members' financial well-being. This means potentially lower rates, fewer fees, and a focus on building a long-term relationship with you.
Transparency & Trust: Unlike dealerships that might prioritize selling cars over securing the best financing for you, we offer clear and upfront terms with no hidden fees.
Building a Strong Financial Future: Financing through First NRV FCU can help establish good credit habits and contribute to a positive credit score, setting you up for success in future financial endeavors.
Ready to Get Started?
Let's get you on the road to car ownership! Our Auto Loan rates start as low as 5.99% APR*. Apply online today, and we will contact you to set up an appointment once we have started processing your application.
Interest Rate Information
New & Used Auto Loan Rates
Interest Rates as of 10/1/2024. Please call First NRV for rate information on used vehicles. Grades are a combination of FICO score and other conditions.
A+ > 740+; A = 739 to 690; B = 689 to 650; C = 649 to 620; D = 619 to 580; E = 579 to 0
| Grade / Months | 1 - 36 | 37 - 60 | 60+Balloon*/72* | */84* | */96* |
|---|---|---|---|---|---|
| A+ | 5.99%* | 6.99%* | 7.99%* | 8.99%* | 9.99%* |
| A | 5.99%* | 6.99%* | 7.99%* | 8.99%* | 9.99%* |
| B | 8.99%* | 9.99%* | 10.99%* | 11.99%* | 12.99%* |
| C | 11.99%* | 12.99%* | 13.99%* | N/A | N/A |
| D | 17.99%* | 17.99%* | C/C | N/A | N/A |
| E | 17.99%* | 17.99%* | N/A | N/A | N/A |
C/C = Case by Case
Additional Loan Rate Information:
Interest rate add-ons may be applicable for your loan based on one or more of the following factor(s):
** BALLOON PAYMENT OVER 60 TERM**
Rate Match W/ Written Offer - ALL Consumer Loans
Gap Insurance - $575.00
Older than 15 years Unsecured Rate - All Credit Grades
LTV>Credit Grade - Unsecured Rate
Guaranteed Asset Protection (GAP)
Making sure that you’re covered
Guaranteed Asset Protection (GAP) coverage is a type of insurance that is typically offered to car buyers at the time of purchase. It is designed to protect the consumer in the event that the vehicle is declared a total loss due to an accident, theft, or other covered event. First NRV Credit Union also offers a fairly priced GAP coverage option to help protect you and your vehicle.
In the event of a total loss, GAP coverage will pay the difference between the outstanding balance on the car loan or lease and the actual cash value of the vehicle, as determined by the insurance company. This can help protect the consumer from owing more money on the vehicle than it is worth. GAP coverage is typically an optional add-on to a car insurance policy, and the cost may vary depending on factors such as the value of the vehicle and the length of the loan.
*All potential loan interest rate adjustments/discounts will be assessed during the loan application process, please see loan rates & more section for a full list of applicable loan discounts and credit score grades.
* All loans are subject to credit approval. This is based on your associated credit score and various other factors. Interest rates are based on credit history and underwriting factors. Program, rates, terms and conditions are subject to change without notice. Restrictions and limitations may apply. First NRV Credit Union reserves the right to amend these loan rates & lending services at any time. Interest rates on individual loan accounts are dependent on credit score and other factors. Interest rate discounts are not guaranteed for all loan applicants. Please call 540-639-0885 to learn more about our loan discount requirements. First NRV Credit Union’s NMLS #1448213 .