New Auto Loans

Great Rates, Flexible Terms, and Fast Approvals

Drive Away With a New Auto Loan

With a new auto loan from TEG, you’ll get a great rate, flexible loan terms, and quick online approval. The time has never been better to get behind the wheel with our affordable and convenient auto loans.

TEG FCU New Auto Loan Benefits

Financing with TEG gives you much more. All of our auto loans come loaded with these great benefits to save you money and make owning your car enjoyable.

  • Competitive rates to save you money
  • Flexible loan terms up to 84 months
  • No application fee or prepayment penalties
  • Loan discounts with automatic payments
  • Financing up to 135% for qualified buyers

TEG FCU Auto Loan Rates

APR as low as:
Vehicle Model Years 2023-20215.99%*
Vehicle Model Years 2020-20166.09%*
Vehicles model years 2015 and Older9.04%*
*APR = Annual Percentage Rate. Rates effective as of 6/1/23. Advertised rate is "as low as" and includes a .25% rate discount for automatic payments. Rate is based on credit rating, term, vehicle model year, and mileage. Your rate may vary. Other rates and terms available. Rates subject to change. All loans are subject to approval. Internal refinances and auto equity loan rates are different and are not eligible for promotional rates. For example, 48 monthly payments of $23.49 per $1,000 borrowed at 5.99%.

Estimate Your Monthly Car Payment

See how affordable it can be when you finance with TEG FCU.



Auto Loan Calculator

Est. Monthly Payment: 0

*Interest rate shown includes 0.25% discount for automatic loan payment and does not reflect the age of vehicle purchased.


Get Pre-Approved Now

When you’re preapproved, you hold the keys. Dealers know you are a serious buyer, and they’ll be ready to make a deal to get your business. Plus, getting preapproved 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? Don’t rely on the auto sales staff to figure this out for you.
  • What Interest Rates Are Available? You’ll get a feel for what rates are available to you, and you will have an offer in hand before you walk into a dealership.

Applying Is Easy

Apply in minutes with our simple application process.


Apply Online

Complete our quick and easy application.


Get Pre Approved

We review your application and get in touch quickly with a decision.


Shop With Confidence

Use your pre-approval to shop for your new auto.


“Great place to have a car loan! Love my new car! TEG has been great thru it all! My interest rate is lower on this car than any other place! Thanks, TEG!.”

– Jeffery N.

New Auto Loan FAQs

Do I need to be a member of TEG FCU to finance a car loan with you?

Yes, but becoming a member is easy! And we’d love to have you join us!.

If you meet all of the eligibility requirements, you can apply online to open an account and get started

How much can I borrow to buy a car?

Your credit score, income, expenses, and any down payment you plan to make all play a role in determining how much you can borrow. So we always recommend getting pre-approved to know for sure.

Can I pay off my car early if I finance it with you?

Yes! You can pay your loan off when it’s convenient for you because we don’t have prepayment penalties.

How can I figure out how much my monthly payments will be?

Our monthly payment calculator will give you a general idea. From there we recommend applying for a loan so we can give you the exact amount with a pre-approval.

What are my options for automatic payments?

Making a payment on your loan is easy. You can even sign up for automatic loan payments and avoid missing or being late on a payment. All of this is quick and easy to do with our online and mobile banking services.

Is there any way I can set up reminders so I don’t miss any loan payments?

Absolutely. You can set up Account Alerts so that you never miss a payment or are notified in the event that a payment is past due.

Account Alerts are a simple, effective way to stay on top of your budgeting and money management strategy through text messages alerting you to any attention that needs to be paid to your account.

Can I make loan payments from an outside financial institution?

Yes! It’s called an external funds transfer, and you can send over money from an outside account to your TEG FCU accounts at no charge!

We also make it easier for you to switch over your accounts to TEG FCU with ClickSWITCH. Learn more.

Other Auto Loan Products

First-Time Auto Buyers

You can buy a car without an extensive credit history with our First-time Car Buyer program.

Used Auto Loans

Get behind the wheel of your dream car- with low rates and outstanding loan terms to save you money.

Auto Refinance

Love your car but not the payment? Lower it with a quick and easy auto loan refinance from TEG FCU.