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Vehicle Loan Rates
Explore Spectrum Credit Union's competitive vehicle loan rates and secure financing for your next car purchase with ease.
Rate Effective Date : Oct 14, 2024
| Loan Type | Vehicle Type | Term (Months)1 | APR as low as2 |
|---|---|---|---|
| Auto | New | 12-60 | 5.75% |
| 61-72 | 6.00% | ||
| 73-84 | 6.65% | ||
| Used | 12-60 | 6.10% | |
| 61-72 | 6.35% | ||
| 73-84 | 7.00% | ||
| RVs & Personal Watercraft | New | 12-120 | 7.89% |
| 121-180 | 8.39% | ||
| Used | 12-120 | 8.39% | |
| 121-180 | 8.89% | ||
| Motorcycles | New | 12-60 | 5.75% |
| 61-72 | 6.00% | ||
| 73-84 | 6.65% | ||
| Used | 12-60 | 6.10% |
1 Actual term based on amount financed.
2 APR = Annual Percentage Rate. Rates are subject to credit approval and shown are “as low as”. APRs range based on factors including transaction type, loan term,
payment method, vehicle condition, and credit worthiness/score. Loan terms are based on various factors including amount financed. Actual rates are disclosed to approved applicants in writing prior to loan consummation. Offered rates are subject to
change without notice.
Auto: If your vehicle model year is the current year or within
the previous two years and the mileage does not exceed 30,000, we consider it new. If your vehicle model year is within the past nine years and the mileage does not exceed 125,000 miles, we consider it used. Talk to us about programs for older autos.
Motorcycle: If your motorcycle model year is the current year or within the previous two years and the mileage does not exceed 30,000, we consider it new. If your motorcycle model year is within the past seven years and
the mileage does not exceed 125,000, we consider it used. Talk to us about programs for older motorcycles.
Loan payment examples:
New RV/Personal Watercraft: $20.23 per month per $1,000 borrowed at 7.89% APR for 60 months.
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