Local Auto Loans From Your Trusted Lender in Middletown, NY
It’s time to get a better deal on a car loan. Whether you’re purchasing a vehicle or refinancing an existing loan, we make the process easy and affordable with great rates, terms up to 84-months, and a simple online application. See all of the benefits of financing with us, and then apply online today.
TEG Auto Loan Rates
|APR as low as:|
|Vehicle Model Years 2023-2020||3.14%*|
|Vehicle Model Years 2019-2015||3.99%*|
|Vehicle Models Older Than 2015||6.54%*|
Applying Online is Quick and Easy
Complete the quick and easy online application, or stop by a local branch.
We will review your eligibility and get in touch to review the rates and terms.
Get a Check
Use your check to buy your auto or pay off an existing loan from another lender.
Auto Loan FAQs
Is there a pre-payment penalty if I decide to pay off my auto loan early?
No. We never charge pre-payment penalties for paying off loans early.
How do I apply for an auto loan?
Applying for an auto loan is quick and easy. You can use this link to get started. We’ll ask you how much you want to finance and for how long, and then some of your basic personal information. From there we will generate a pre-approval and you can start car shopping. If you already have your auto picked out, we’ll use those details to finalize the loan.
Does TEG charge a fee when I apply for the loan?
No. We never charge loan application fees.
When will I know if my application is approved?
We are usually able to process all loan applications in 24-48 hours. Once we have processed your application, you’ll be able to access the details in your member portal.
Do I have to know what car I am buying before I apply?
No. Not at all. It’s often a good idea to get pre-approved before you go car shopping so you know exactly how much you want to spend. Having a pre-approval also tends to give you negotiating power at dealerships because pre-approvals work like cash- they demonstrate that you have the money to buy on the spot.
Where can I use my loan once I’m approved?
We want you to buy the car of your dreams, so you can buy your auto wherever you find it. Buy from a dealership or a private seller.
TEG Auto Loan Resources
TEG is more than a bank – we’re your trusted community partner and resource for solid financial information. We’re committed to helping every one of our members get to a better place financially. Read through these resources and let us know if you have any questions. We’re just a quick call or email away.
*Rates effective as of 1/4/2021. All rates shown are “as low as” and are based on an evaluation of the applicant’s credit, term of loan and loan-to-value ratio. Your rate may vary from rates shown. Other rates and terms available. Rates are subject to change at any time without advance notice. Promotional rates do not apply to auto equity loans. The stated rate is discounted by .25% and includes a requirement that loan payments are automatically transferred from your savings, checking, or money market account for the life of the loan. Different rates apply to internal refinances and auto equity loans – see credit union for details. Membership eligibility is required.
Payment example: $10,000 loan for 48 months at 2.99% APR will result in an approximate monthly payment of $22.14 for each $1,000 financed.