Vehicle Loans
Our competitive rates are sure to save you money on your next vehicle purchase. Be sure to check out our additional services, such as free vehicle history, vehicle valuation, extended bumper-to-bumper warranty, and GAP insurance.
Are your credit card rates too high? Check out our debt consolidation program! Our knowledgable staff will work with you to find the best rate.
The Hometown Advantage
At Hometown Credit Union we work hard to bring you the best rates on vehicle loans. But our service extends beyond simply lending you money. We offer a full-service array of options to ensure that your vehicle-purchasing experience is top-notch. Be sure to read more about our services below!
Loan Features and Services
- Competitive rates on vehicle loans.
- Free vehicle history when buying a used vehicle.
- Free value estimate when buying a used vehicle.
- Free value estimate on your trade-in vehicle.
- Extended warranty at a lower cost than the dealer.
- GAP insurance to pay off your loan if your car is stolen or totaled.
Vehicle History
You should always know the history of any used vehicle that you buy. Prior vehicle damage is sometimes hard to spot, but it can often affect the quality and useful life of the vehicle. Before you make your purchase, be sure to get a free vehicle history report from us.
Vehicle Value
When purchasing a used vehicle, it is important to know that you are paying the right price. We can tell you the approximate value of the vehicle before you negotiate the price with the seller.
When offering a trade-in vehicle, it is equally important to know that you are getting the most money for your trade-in. We can give you your vehicle's approximate trade-in value.
Our Rates
We offer a detailed rate structure to help ensure that you will get the best interest rate. Check out our rates below, and don't forget to review our discounts!
ALL LOAN APPLICANTS MUST MEET HCU UNDERWRITING POLICIES
New or used vehicles
| TERM 24 MONTHS TO 72 MONTHS |
| RATES ARE BETWEEN 5.75% AND 10.50% |
| RATE & TERM DEPENDS ON VEHICLE & YOUR TIERED SCORE |
USED VEHICLES (2004 OR OLDER) & HIGH MILEAGE VEHICLES ADD 1% RATES SUBJECT TO CHANGE AT ANY TIME |
New or Used motorcycles / boats /RVs
| TERM 24 MONTHS TO 48 MONTHS |
| RATE & TERM DEPENDS ON THE AGE & CONDITION OF THE COLLATERAL BEING OFFERED RATES ARE BETWEEN 6.00% AND 10.25% COLLATERAL 3 YEARS OR OLDER ADD 1% RATES SUBJECT TO CHANGE AT ANY TIME. |
Rate discounts
| Discount Criteria | ||
|---|---|---|
| A (700+) | B (650-699) | |
| Platinum Membership (see Tiered Services) | 0.50% | 0.25% |
| Gold Membership (see Tiered Services) | 0.25% | 0.125% |
| Silver Membership (see Tiered Services) | 0.125% | 0.0625% |
| Vehicle loans less than 80% of vehicle value | 0.50% | 0.25% |
| Vehicle loans between 80-90% of vehicle value | 0.25% | 0.125% |
Applications
To apply for a loan, be sure to contact us first so that we can discuss your needs with you. Then fill out the General Application, and we will begin processing your loan.
