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Planning is important to prevent surprises when you buy your first car. We offer guidelines on vehicle searches and online resources, as well as our friendly loan professionals are experienced in vehicle lending and can guide you through many of your auto buying considerations.
- Must be 18 years of age or older
- Affordable rates, and flexible terms available.
- NEW auto loan rates as low as 10.99% APR* and USED auto loan rates as low as 11.24% APR up to 48 months.
- Borrow up to $25,000 and up to 5 year repayment plan
- Credit or auto loan history not required**
- Minimum income $1,667 a month
- We offer you the convenience of applying quickly and easily, using our online application, signing electronically using DocuSign and having your funds deposited into your account all from the comfort of your home.
- With our Digital Banking and bill pay, you’ll have secure access to your loan 24/7, so even checking your loan balance or making a loan payment can be just as fast and flexible.
- Members are allowed to skip one payment during the life of the First Time Auto Buyer Loan
Auto Coverage Options
Auto Insurance: When it comes to securing your purchase, it’s nice to have additional peace of mind. Learn about the convenient auto coverage options our partners at TruStage® Insurance can provide. Get A FREE Quote Now.
Mechanical Breakdown Coverage: Mechanical Breakdown Coverage provides protection against mechanical breakdowns above and beyond the original manufacturer’s warranty. Learn more about what’s available to you as a Greater Alliance member. Get AFREE Quote Now.
Guaranteed Asset Protection (GAP): Did you know you in the event of a total loss, you could be liable for paying off the remaining loan balance on a vehicle that is no longer drivable? Bridge the gap between the difference in what you owe on your vehicle and how much the insurance company decides it is worth. Get A FREE Quote Now.
Debt Protection: Life is unpredictable. There are a wide range of unexpected events that could leave you and your family scrambling to pay monthly bills. In the event of death, disability or unemployment you wouldn’t want your family to worry about making your loan payments.
CARFAX: CARFAX allows members to receive notifications regarding any vehicle. You can use these free vehicle history reports when you narrow down the search for a USED CAR that you would like to buy or even use these reports to see the value of your car if you are looking to trade-in or sell your car.
Love My Credit Union Rewards: Receive discounts and savings on Motorcycles, RVs, ATVs, UTVs, Jet Skis, Boats, Snowmobiles, Golf Carts and more.
Apply for Your First Car
We are your home for all your auto buying needs.
*APR = Annual Percentage Rate. The rates shown above are for qualified borrowers as of March 17, 2025, and are subject to change without notice.
- All borrowers must have or open a savings account and be a member in good standing. A minimum balance of $100 is required in the account to earn interest. If the minimum balance is not maintained, a fee will be assessed—please refer to our Fee and Rate Schedule for details. A full credit check is required for all borrowers. All advertised rates are subject to individual qualifying factors. Proof of full-coverage insurance with a $500 deductible is required, listing GAFCU as Loss Payee. The maximum auto loan term will be determined based on the age of the vehicle, with the combined age and term not exceeding 10 years. Borrowers must have a minimum of six (6) months of consistent employment and an annual income of at least $20,000.
First-Time Auto Loan Payment Example: A $10,000 loan at a 10.99% APR with a 48-month term would have a monthly payment of $252.09, based on a payment factor of $25.21 per $1,000 borrowed, at a fixed (non-variable) interest rate.
