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Used Car Loans

Drive that New-to-Me Car Home

Shopping for a used vehicle? TEGFCU is here to get you on the road fast with affordable used car financing. As a trusted local lender, our Used Car Loans offer great rates, flexible terms, and a car financing experience focused on you. Apply online and get a fast Auto Loan pre-approval so you’re ready to go when you find the car or truck you love, whether it is from the dealership or a private party

TEGFCU Auto Loan Features & Benefits:

Low car loan interest rates, personalized service

Flexible terms up to 84 months

No application fee or prepayment penalties

Loan discounts with automatic payments

Financing up to 135% for those who qualify

model year
2022 and newer

as low as

6.99% APR

model year
2017-2021

as low as

7.04% APR

model year
2016 & older

as low as

9.59% APR

*APR = Annual Percentage Rate. Rates effective as of 4/1/24. 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 $23.95 per $1,000 borrowed at 6.99%.

Why Get a Pre-approval for Your Auto Loan

Getting pre-approved for a loan can give you an edge before you shop. It tells the seller that you’re a serious buyer, and it’s a powerful tool that can make it easier to negotiate a better sales price. An Auto Loan pre-approval, let’s you know:

What can I afford to spend on a car? Get pre-approved for your used car loan so you can set realistic expectations for your next vehicle purchase.

How much are my monthly payments? Know your maximum payment before you shop, so you can buy a used vehicle that comfortably fits your budget and has the options you want.

What is my interest rate? Work with us to find the best used Auto Loan rates to get a picture of what your car financing costs would look like.


Shift into drive and lock in your rate today!

Getting pre-approved lets you know how much you can afford and helps you stick to a budget. It gives you a bargaining chip to negotiate the best deal to save time and money and get the right vehicle for you.


It only takes a few minutes to complete our online application.

We’ll review your information to determine your eligibility and loan terms.

Use your bank-issued check at the dealership or with a private party.

Used Auto Loan FAQs

Do I need to be a TEGFCU member to finance a car loan with you?

Yes, but joining is easy. If you meet all the eligibility requirements, you can open a free checking account online and start immediately.

How much can I borrow to buy a car?

Your credit score, income, expenses, and down payment all factor into your auto loan financing. So, we always recommend getting pre-approved before you make an offer.

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

Yes, you can pay off your loan when it’s convenient for you with no prepayment penalties.

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

Our monthly payment calculator will provide a general idea. Applying for a loan gives you the exact amount plus the bargaining power of auto loan pre-approval.

What are my options for automatic payments?

Signing up for automatic loan payments helps you avoid skipped or late payments and provides you with a 0.25% discount rate, saving you money! Use TEGFCU online and mobile banking to sign up.

Is there any way to set up reminders so I don’t miss a loan payment?

Absolutely. Set up Account Alerts to receive text messages that remind you to make a payment or notify you if a payment is past due.

Can I make loan payments from an outside financial institution?

You can use an external funds transfer to send money from an outside account to your TEGFCU accounts at no charge. Or switch your accounts to TEGFCU with ClickSWITCH.


Estimate your monthly car payments with financing from TEGFCU.


Explore Our Products

Get behind the wheel of your dream car with a low-interest loan and auto loan pre-approval – a key negotiating tool at the dealership..

Finance a car or light-duty truck with just 10% down, cash, or trade – a great way to establish or improve your credit history.

Love your car but not the monthly payment? Reduce it with a low-rate auto loan refinance program from TEGFCU.

Start shopping for that sprinter van or catamaran you’ve always wanted. Make it yours with a low-rate recreational vehicle loan.

Feel the thrill of the open road. Get the financing and pre-approval you need to drive a bargain on a new or used motorcycle.

quote mark

The people who work here are so nice and friendly. They’ve gone above and beyond in answering my questions and helping me with my car loan and banking. Great people!

Jason R.

quote mark

Awesome customer service! Very accommodating and friendly. Obtaining the car loan through TEG was easy. I plan to use their services for my next car loan and possibly a mortgage loan in the near future.

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Join TEGFCU

At TEGFCU, your best interests have always been our focus. As a better alternative to banks, our mission is simple, to help you get to a better place financially.

Membership is open to anyone (and their immediate families) who lives, works, worships, or attends school in Dutchess, Orange, Ulster, Putnam, Rockland, Sullivan, and Westchester County, NY. A $5 minimum deposit opens the door to all the benefits of being a valued TEGFCU member.

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