New & Used Auto & Motorcycle Loans
Get in the driver's seat with a new or used auto loan!
Shift your auto search into overdrive.
Are you looking for reliable family transportation? Or maybe something with a little more sizzle? Whatever road you want to travel, we can start your engines with low rates and an easy application process. At TEG Federal Credit Union, those features come standard for our members.
When you’re pre-approved, you hold the keys.
How does being preapproved help you? When dealers see that you’re preapproved, they know you are a serious buyer. They’ll be ready to make a good deal to get your business, and you can be confident knowing that you have a low-rate financing option with us.
Getting pre-approved gives you important details, such as:
- How Much Can You Afford? You don’t want to fall in love with an auto that will break your finances. Alternatively, if you’re going to splurge, you can do so with confidence.
- How Much Are Monthly Payments at Various Purchase Prices? Don’t let the sales staff figure this out for you – they can “massage” the numbers to make a purchase look more appealing (while at the same time it becomes more expensive).
- What Interest Rates Are Available? You’ll get a feel for what is available, and you will have an offer in hand before you walk into a dealership.
|Annual Percentage Rates for this product are as low as stated below:|
|Vehicle Model Years 2020-2017||2.99%*|
|Vehicle Model Years 2016-2012||3.34%*|
|Vehicle Models Older Than 2012||4.34%*|
*Rates effective as of 1/1/2020. 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.