This summer, you don't have to wait and see whether loan rates will go down.
With our limited-time auto loan offer, you can lock in today's competitive rate – and still have the opportunity to benefit if rates improve later.
Through July 20, you can finance with confidence knowing you have built-in flexibility:
Both examples below start with a $40,000 loan, 60-month term, and the same APR. In the second example the rate is lowered by 2.00% after six months.
That could mean an estimated $1,882 in interest savings.²
60-day rate lock³
Lock in your rate for up to 60 days while you shop – so you don't feel rushed into a decision.
Know your rate before you shop
Get pre-approved with no impact to your credit score and understand what fits your budget upfront.
If you’ve found the right car, let us help you with financing.
When you belong with Spectrum Credit Union, you can purchase the car you want without sacrificing your wallet. We offer competitive rates and flexible terms on loans for new and used autos, and we work with you to find a loan package that fits your needs.
Key loan features:
With financing in hand from the Credit Union you know and trust, you can simply focus on finding the right car at the right price.
If you already have an auto loan with another lender, we can help you save! Refinance with us to make your money go further.
Video Banking Appointments Now Available
Schedule an appointment to meet with a team member over video from your computer or mobile device. Experience the same caring, personalized service from wherever it works best for you.
¹ Offer valid on auto loans approved between May 21 and July 20, 2026. If standard Credit Union auto loan rates decrease during the life of the loan, eligible members may request a one-time rate reduction. The adjusted rate will be based on the Credit Union’s current standard rates in effect at the time of the request and may not exceed a maximum reduction of 2.00% APR from the original loan rate. Request must be initiated by the member and may only be made after the loan has been open for a minimum of six (6) months.
Loan must be current and in good standing with a history of on-time payments. Rate adjustments for this offer are based on the loan’s original underwriting factors, including risk tier, term, and vehicle condition. Any request to change the loan term or risk tier will require a full refinance and credit approval.
Rate reduction applies to standard rates only and excludes promotional, discounted, or special rate programs. Monthly loan payment will not change; any rate reduction will be applied by adjusting the loan term or amortization schedule. Approved rate changes will be disclosed to the member in writing prior to taking effect. Additional restrictions may apply. Offer subject to change or cancellation without notice.
² Savings shown are for illustrative purposes only and are based on the maximum 2.00% Annual Percentage Rate (APR) reduction beginning with the 7th payment on a $40,000 auto loan with a 60-month term. This example assumes an original standard starting APR of 4.99%, valid as of May 21, 2026. Actual savings may vary depending on loan amount, term, rate, timing of rate reduction, and individual qualifications. This example does not include taxes, fees, or other costs that may apply. All loans are subject to credit approval. Terms and conditions are subject to change without notice. Other restrictions may apply.
³ Rate will be locked and honored for 60 days after application approval if received between May 21 and July 20, 2026.
⁴ Depends on amount financed, transaction type, collateral details, and credit history.
If you’re eligible for membership, we’re ready to hear from you. Not sure if you’re eligible? You can check if you qualify here.
Why join Spectrum Credit Union? Learn more.
