Ready to Buy Your First Car?
Whether you’re a student or a working adult, buying your first car is an exciting time in your life. A vehicle is a major purchase, and many of us need some form of financing to complete that purchase. We want to help you get into your first car and get moving.
United Financial Credit Union is pleased to announce simple and affordable auto loans for first-time buyers. They’re a great way to get on the road to a successful future.
Introducing First Time Auto Loans
Special Rate for First-Time Buyers
First-Time Auto Buyers receive a flat rate of 8.99% APR*.
No Co-Signer Required
For qualified applicants.
Good Grade Discount
Are you a student with a cumulative GPA of 3.50 or higher? Get an additional 1% discount on your interest rate when you show us your report card!
Our process is simple, but we are still here to walk you through it if you need us.
Step 1
SUBMIT APPLICATION
Step 2
CLOSE YOUR LOAN
Time to show off your new wheels!
**To qualify: must be at least 18 years old, you must be a first-time buyer with no previous auto credit or derogatory credit reported (collections, liens, etc.). The maximum loan amount is $15,000. Maximum term of 60 months. Vehicles must be model year 2014 or newer with fewer than 100,000 miles. Applicants must be employed for a minimum of 90 days at current job and have verifiable income. Monthly payment not to exceed 15% of gross income. Minimum $500 down payment. Cumulative G.P.A of 3.5 or higher to qualify for the 1% discount. Rate discounts cannot be combined. For qualified buyers only, not all applicants will qualify. Qualified applicants are eligible for standard annual percentage rates. Membership required. Standard underwriting guidelines apply. Rate cannot go below current A credit, 5 year rate. Some restrictions may apply.
Auto Insurance
There are many important decisions that must be made throughout someone’s life, let United Financial CU help you with your insurance needs. We have collaborated with Preferred First Insurance to bring United Financial CU members UFirstFinancial. Our partner agents will consult with you on the coverage and premiums that meet your specific needs. United Financial Members can also receive a discount on their insurance premiums, just by being a member of the credit union on top of additional available discounts. Members could save up to 35% with the available discounts!
Protection Packages
United Financial is proud to offer Life and Disability Insurance for your loans at the Credit Union. Giving you peace of mind if something were to happen, your loan should be taken care of.
You can also add GAP Insurance (Guaranteed Asset Protection) or Mechanical Repair Coverage (MRC) to your auto loan.
GAP is a low-cost coverage that pays the potentially high-cost difference between your insurance settlement and your loan balance on items directly related to the purchase of your vehicle.
MRC helps pay for covered repairs on your car when the unexpected breakdown occurs.
Proof of Insurance Coverage
Have you been asked to provide proof of insurance coverage for a new or existing loan? Simply enter your policy information online and allow us to verify your coverage and update our records as required in your loan agreement. Enter policy information here.