espanolVehicle Loans

car made out of money
Auto Loan Rates

There are many benefits to taking out an Auto Loan with us, such as fast pre-approval, monthly payments to fit your budget, no prepayment penalties and you will always benefit from simple interest. Along with financing up to 100% of the actual purchase price.

Whether you are in the market for a new or used car or motorcycle, we offer you competitive, exceptionally serviced vehicle loans at variable and fixed rates.

Apply Online

Variable Rate

Variable rate vehicle loans fluctuate in interest rate. In the case of IDB-IIC Federal Credit Union variable rate vehicle loans, the rate is adjusted each January. There are many reasons for selecting this loan option, but most often reasoning is:

  1. You are not planning to keep the car for a long period.
  2. You are looking for lower payments at first.
  3. You are looking for the option to afford a higher priced car.

Fixed Rate

Fixed rate vehicle loans provide you with the security of knowing your payment amount for the life of the loan. If you like to set a budget for expenditures, this is the loan option best suited for you. Some of the benefits are:

  1. You pay consistent payments throughout the life of the loan.
  2. You plan to keep the car longer than the life of the loan.
  3. You know the exact date your car will be paid for.

How we determine the loan amount for Used vehicles:

Our Used Car loan values are determined using the NADA (National Automobile Dealers Association) Used Car guide. Many factors and qualities are used to determine the vehicle value. Here are a few:

  • Year, Make and Model
  • VIN (Vehicle Identification Number)
  • Mileage
  • Wheel type
  • Sunroof or moon roof
  • 6 cylinder, 4 cylinder

Apply online or just contact our Lending Department* to get started.


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