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First Time Auto Buyer Program

Our First Time Auto Buyer Program is designed for those who have little to no credit and are ready to embark on the purchase of their first automobile. This loan comes with low rates, manageable terms and is an excellent way to establish a credit history.

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.

Qualifications and Program Details

Please note, to apply for the First Time Auto Buyer Program, you must be a Greater Alliance Member (or Eligible for Membership)

  • Must be 18 years of age or older
  • Interest rate starting as low as 9.99%* for New vehicles
  • Other rates and terms available for new and used vehicles
  • Borrow up to $ 20,000
  • Up to 5 year repayment plan
  • Credit or auto loan history not required**
  • Minimum income $1000 a month
  • TruStage™ Auto & Home Insurance Program – You could enjoy discounted rates combined with online convenience and 24/7 claims service.

Apply Now

APR* = Annual Percentage Rate. Advertised rate 9.99%  refers to individuals who qualify and open a Checking account w/Payroll deduction/Direct Deposits.  All Advertised rates are subject to individual qualifying factors and subject to change without notice, lower rate and higher loan amount may be available for qualified borrowers. This offer is not transferable. The credit union reserves the right to change or terminate the program at any time without notice. Offer is null and void if income can’t be verified. In order to qualify for the loan ALL borrowers must have or open a share (savings) account and be a member in good standing. Members are required to maintain a minimum balance of $100 in their savings account after their first six months of becoming a member. All credit underwriting guidelines will apply. Members are required to provide proof of insurance with full coverage, $500 deductible and GAFCU as Loss Payee. Maximum Auto Loan term allowed will be based on the age of the vehicle; age and term not to exceed 10. The monthly payment for 5 years for $ 20,000 at 10.24% will be approximately $437.27