Secure Your Used Auto Loan

Give a used car a second chance with a low interest rate loan from Homebase Credit Union. Whether you can’t afford a brand new car or need a trusty vehicle to get you to your destination, we’re here to help guide you through the used auto loan process. As intimidating as it may seem, it’s really as simple as reaching out and letting us do the rest for you.

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Why Choose Homebase CU for Your Used Auto Loan?

At Homebase Credit Union, we don’t just want you to get an auto loan; we want you to secure a loan with affordable terms that you can feel good about without jumping through unnecessary hoops.

Your loan offer is good for 30-45 days: You don’t have to make a choice on your used auto loan or your vehicle immediately. Take up to 45 days to make this decision.
Get competitive rates: We keep our rates competitive to make it easy for you to get a loan you can afford.
Flexible terms: Auto loan terms aren’t one size fits all, that’s why we offer flexible terms up to 84 months² to suit your financing needs.
Up to 125% financing: If you don’t have the money for a downpayment or to cover other associated insurance, title and tag fees, no problem. We offer up to 125% financing to pay for all of your used car costs.
Up to 8 model years old: We understand that not everyone is purchasing a vehicle that's just a few years old. That’s why we finance cars that are up to 8 model years old.

Competitive Rates

Securing annual percentage rates that benefit you in the long run can be quite a challenge. This is especially true if you’re negotiating through a dealership. However, at Homebase Credit Union you’re able to drive away in the car that suits your needs best without paying more than you can afford.

Speak to one of our professional loan advisors to guide you through the used auto loan process so you can make the right financial decisions, for both short-term and future purposes. Check our auto loan rates.

Saving in the Long Run

Need more information on used car loans before making a final decision? Apart from consulting with one of our professional loan advisors, you can take advantage of additional resources to provide you with the information you need.

Research and shop vehicles via AUTOSMART

How much car can I afford?

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Protect Your Investment

Need more resources? Contact us today

Frequently Asked Questions

WHAT IS A GOOD INTEREST RATE FOR A USED CAR?

There is no set interest rate that’s best for a used car. You want to secure the lowest interest rate, but many factors impact how your rate is determined, including your credit history, the vehicle model year, the lender you select, and the lender’s set rates. That’s why you want to prequalify and compare rates to find the deal that’s most beneficial.

HOW LONG SHOULD I FINANCE A CAR?

It’s recommended that you want to finance a used car for the shortest period you can afford based on your loan amount. That might be 48 months, or it could be 84 months. It all depends on your financial circumstances.
Keep in mind that the longer you finance your car, the lower your monthly payment will be, and the more you’ll pay in interest over the length of the loan. The opposite is true for a shorter loan term.

IS IT BETTER TO GET AN AUTO LOAN FROM A CREDIT UNION, BANK OR DEALERSHIP?

If you want to secure a lower interest rate, you’ll usually fare better by selecting a credit union or bank over a dealership. Dealerships regularly inflate their interest rates to turn a profit, though sometimes they offer exclusive auto financing deals subject to credit approval.

HOW DO I GET THE BEST AUTO LOAN RATE?

To get the best auto loan rate, you want to improve your credit score before you apply, then prequalify with several lenders to compare rates. You want to select the lender that will guarantee you the lowest auto loan interest rate and the most desirable overall terms.

SHOULD I GET AN AUTO LOAN BEFORE GOING TO THE DEALERSHIP?

It’s usually in your best interest to, at the very least, prequalify with a few lenders before going to a dealership. You can have an idea of the terms you can receive, and if you choose to get dealership financing later, you’ll have some leverage with your prequalification terms.

HOW DO I GET MY VEHICLE TITLE?

If you're about to pay off your vehicle loan and need your title, please contact our loan team at least 2 weeks before you plan to pay off your auto loan. We can order your paper title so it is available at the time your loan is paid off.

Get The Pre-Loved Car of Your Dreams

Dealer financing may sound appealing, like a one-and-done deal on the lot, but think again. At Homebase Credit Union, we’re able to offer competitive used auto loans that ensure you’re getting optimal rates, flexible terms, and no gray area that leaves you wondering if there was a better deal around the corner.

Let us help you not only get places but become your trustworthy companion for when you feel the need to explore.

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