Need a car? Members First offers auto loans for all sorts of needs, with a simple and straightforward process. Whether you’re buying new or used, you might be wondering about Members First auto loan rates.
This article provides an overview of Members First’s auto loan options, rates, features, and resources so you can decide if they’re right for you.
Understanding Auto Loan Rates at Members First
Members First offers competitive rates on both new and used auto loans, but it’s important to understand how those rates are determined.
New and Used Auto Loan Rates
APRs can be as low as [insert specific percentage from reference when available], but keep in mind that your rate will depend on factors like your credit history and your loan-to-value (LTV) ratio. If your LTV is 75% or less, you could qualify for a 0.25% rate reduction.
Members First offers loan terms up to 72 and even 84 months, giving you flexibility in your payment schedule. Rates also vary depending on the age of the vehicle you’re financing. Expect different APR ranges for vehicles in the 2023-2025, 2020-2022, 2017-2019, and 2016 & Older categories.
FIRST Auto Program for First-Time Buyers
If you’re a first-time buyer with little to no credit, the FIRST Auto program could be a good option. This program offers loans without requiring a cosigner. The APR for the FIRST Auto program is [insert specific number from reference when available].
Members First Auto Loans: Features & Benefits
Members First aims to make the borrowing process as easy as possible.
- Fast Approval: Decisions often arrive in 24-48 hours.
- Convenient Access: Borrowers get 24/7 online access and the option to sign documents electronically.
- 100% Financing: Qualified borrowers can finance the entire purchase price, with no down payment needed.
- No Fees: Members First charges no application, processing, or early payoff fees.
- Automatic Payments: You can set up automatic payments for extra convenience.
Tools and Resources for Car Buyers
Members First offers some great tools to help you make smart decisions when buying a car.
- Payment Calculator: Use our calculator to estimate your monthly loan payments. Just enter the loan amount, interest rate, and how long you want to pay, and it will show you an estimate.
- Vehicle Valuation and History: It’s important to know what a car is really worth. We can help you find resources to determine a vehicle’s value and get a vehicle history report.
Be sure to check for any limited-time offers! Some of these deals have an expiration date, so don’t miss out.
Conclusion
With Members First, you can enjoy competitive auto loan rates, convenient online access to your account, and free resources that will help you make an informed decision about financing or refinancing your next vehicle.
We encourage you to explore your options and apply online today!