Affordable used car financing
Used Car Loans
Drive that new-to-me car home.
Great rates, terms up to 84 months, and fast online pre-approval for the car or truck you love, from a dealership or a private party.
84 MO.
Terms up to 84 months
60 months for vehicles over 10 model years.
$0
No application fee
And no prepayment penalties.
%
Autopay discount
Save with automatic payments.
135%
Up to 135% financing
For those who qualify.
Why choose a TEG used car loan?
- 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
- Car and Loan protection available
Clear terms
Used Car Loan Rates
Rates for used cars and trucks by model year. Your rate is based on your creditworthiness, term, vehicle model year and mileage.
Model Years
2025-2024
APR
Model Years
2023-2019
APR
Model Years
2018 & Older
APR
Rates effective as of 10/1/2026. APR = Annual Percentage Rate. Advertised rate is lowest offer and includes a .25% rate discount for automatic payments for the life of the loan. APR is based on creditworthiness, term, vehicle model year, and mileage. Your rate and term may very. Maximum APR is 18%. Maximum term is 84 months. Maximum term for vehicles older than 10 model years is 60 months. Internal refinances, and auto equity loan rates are different and are not eligible for promotional rates. A new vehicle is considered one that has never been titled or has less than 3,000 miles. For example, a 48-month used car loan with a 4.99% APR for $1,000.00 would result in 48 monthly payments of $23.03. This monthly payment is based on non-discounted rate and includes optional single TEG Payment Assurance.
Used car loans from your local credit union
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’s from the dealership or a private party. Choose terms up to 84 months, pay no application fee or prepayment penalty, and save with automatic payments.
What is a TEGFCU used car loan?
A TEGFCU used car loan is a fixed-rate auto loan from TEG Federal Credit Union in Poughkeepsie, NY, for pre-owned cars and trucks bought from a dealership or a private party. Members can choose terms up to 84 months (60 months for vehicles older than 10 model years), pay no application fee or prepayment penalty, and get a 0.25% rate discount with automatic payments.
Found the one? Get pre-approved in minutes and shop knowing your budget and your rate.
Why Get a Pre-approval for Your Auto Loan
Set your budget before you shop
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.
Let’s get you on the road in style with a deal that makes sense for you!
Get Pre-Approved for your Vehicle Loan
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’s Easy as 1-2-3
2
Review & Approval
We’ll review your information to determine your eligibility and loan terms.
3
Get a Check
Use your bank-issued check at the dealership or with a private party.
Used Auto Loan FAQs
Auto Loan Calculator
Estimate your monthly car payments with financing from TEGFCU.
Get a 0.25% Interest Rate Discount
In addition to a great rate, save even more on your Unsecured Personal Loan and Vehicle Loan when you set up automatic payments. Get a 0.25% interest rate discount on your loan when your loan payment is routinely deducted from your checking or savings account.*
Explore Our Products
New Auto Loans
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..
First-Time Auto Buyer
Finance a car or light-duty truck with just 10% down, cash, or trade – a great way to establish or improve your credit history.
Auto Loan Refinance
Love your car but not the monthly payment? Reduce it with a low-rate auto loan refinance program from TEGFCU.
RV & Boat Loans
Start shopping for that sprinter van or catamaran you’ve always wanted. Make it yours with a low-rate recreational vehicle loan.
Motorcycle Loans
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.
Sarah Stropoli is nothing short of amazing. Willing to listen and actually give me a car loan, I am forever grateful. She made the impossible happen and was very supportive and understanding during the whole process. 10/10!
Sarah Stropoli was so great in helping with financing our car. The process was easy and she was on top of all the details.
I stopped in the Modena Branch of TEG yesterday for some business matters and at that time I had spoken to Danielle Gatto about a refi on my 2018 ford f-150 XLT super crew cab, it took Danielle no time to get me an answer and approval within hours to refi my truck, very outstanding work and devotion to the customers, if possible TEG please give Danielle a bonus or award for the way she handles her job. This am we closed the refi loan, very smooth and saved me a bunch of cash from old original loan, the entire loan process was only hours and so smooth and effortless. Thank you Danielle.
Never had a bad experience. Held multiple home mortgages and auto loans. Would recommend TEG.
Since 2019 we’ve gotten 3 car loans from this bank. TEG was RECOMMENDED by Hudson Valley Credit Union because they said we didn’t “qualify” for a car loan. But we did with TEG!
Aliesha Johnson was incredibly helpful, patient, and caring when signing up for my auto loan and updating the insurance.
My auto loan experience with TEG was seamless, straightforward, and quick. They offered me the best rate and provided exceptional support and care throughout the process. Account and Loan Representative Sarah went above and beyond to assist me.
Very easy to get in contact with to change anything. I refinanced my car loan to get a better interest rate and lower payments. Sarah and TEG are worth every minute I spoke to them. They completed the process quickly and minimal work on my end. Highly recommend.
Huge thank you to Ajee from Commerce! I was referred directly to her from a friend as I was in a time crunch to get into a vehicle. The process was not only fast but smooth. She assured everything was ready to go in no time!
Thank you to Jamie and Ajee for having patience in helping me with my first car loan! Everything went smooth and I learned a lot along the way.
I had an amazing experience with Christopher ! He went above and beyond considering my auto loan, and did it with much patience. He explained the process thoroughly & made it easy! (Not to mention the back and fourth with the insurance & the car dealership to get everything correct <3)
I had a very good experience obtaining a car loan recently at the Commerce St. Bank. The Loan Rep was Christopher Pflaum. He was affable, explained everything, was knowledgeable and kind. He is an asset to your organization!
When I started teaching at John Jay HS in 1972, I got my first car loan from a founder of the CU, Herb Wittels, at his office on the front porch of his home on Rt. 52. Memories!
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!
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.
Explore Loan Resources
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.
When we come together, everyone grows.
