Personal Auto Loans

  • Fast approval/closing to get you on your way
  • Deferred first payment up to 90 days1
  • Dealer draft checks for purchase convenience
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Find your dream car and a sweet deal at our

Pre-Owned Auto Tent Sale!

Saturday, February 18
9 am to 3 pm
Generations Northwest Branch
6000 N.W. Loop 410

Take a sneak peek at the cars on sale here!

Personal Auto Loans

Looking to purchase a shiny new car? Or maybe it’s a reliable, slightly-loved used car you are in the market for? No matter what your specific auto needs, you can trust Generations Federal Credit Union to finance your new purchase with one of our personal auto loans!

When you’re ready to buy a new or pre-owned vehicle, start with a call to Generations or apply online to find out how much you can afford, get pre-approved and learn about our optional protection plans that could save you even more.

First-time borrowers and students are encouraged to participate in our jump-start classes to learn how to best use loans to avoid mistakes that can lead to damaged credit.

Plus, we’ll defer your first payment for up to 90 days1.

Auto Loan Refinancing

If you have an auto loan somewhere else, there’s a good chance you are paying too much. Give us a call to find out how we can help you save money.

At Generations, we are so confident in our personal auto loans that when you refinance with us, we will deposit a $100 amnesty award into your member account.

Wait, There’s More! Generations Can Help You Find Your Perfect Car

When you choose Generations for your personal auto loan, you are eligible to Receive Fleet Pricing (1-5% over invoice) on new and used vehicles by visiting a participating dealer with our Easy Key program.

Additionally, are you looking for a sweet deal? Generations has a selection of pre-owned cars for sale. To view our inventory, click here.

Personal Auto Loan Calculator

How Much Car Can You Afford?

Auto Loan Payment

 

We are an Equal Opportunity Lender. The credit union makes loans and extends credit without regard to race, color, religion, national origin, sex, handicap, or familial status.

1Payment deferred for up to 90 days from date of loan closing. Deferred payment period based on creditworthiness. Interest continues to accrue during deferred payment period. All or part of first payment may be accrued interest.

Table of Contents:

Expert Articles/Papers:

  • Part One: What Does Zero Mean?
    This first of a two-part series seeks to uncover the truth behind the promise of zero as it pertains to credit cards, payday loans and pawnbrokers.
  • Part Two: What Does Zero Mean?
    This second of a two-part series seeks to uncover the truth behind the promise of zero as it pertains to the rent-to-own industry, refund anticipation loans and car loans.
  • Buy a Car, Not a Con
    For many, shopping for a vehicle ranks up there as one of the more stressful situations in life. The intimidation factor is prevalent everywhere in the process: the pushy salesman, the uncertainty of a used vehicle's condition, deciphering a stack of never-ending fine print. 
  • Breaking Down Car Maintenance
    There's never a good time to have a car break down. It always seems to happen when people are running late, short on cash or heading to an important appointment. Taking some preventive steps can minimize the chances of drivers being caught unprepared and ensure they aren't "taken for a ride" when a repair is necessary.

Good Choices: Financial Strengthening:

Frequently Asked Questions:

Q. What should I expect to happen after I apply online?

A. Your online application will be processed within one working day.

Q. Can I make vehicle loan payments online?

A. You can make a payment to your auto loan from your eligible Generations accounts via online banking when you click on the “Loans” tab. For your convenience, you can setup automatic payments to your loan from your accounts to occur monthly, bi-monthly, semi-monthly or weekly.

Q. How is my auto loan interest rate calculated?

A. Rates and terms for your auto loan are based on a variety of factors, including your credit profile. Auto loans are available for a minimum three year term and maximum seven year term. Terms vary based on your needs, creditworthiness and amount borrowed.

Q. How much can I borrow for a auto loan?

A. The amount you borrow is based on your credit profile and your needs. To maximize your rate and how much you borrow, we may ask you to make a cash down payment to the seller for your purchase.

Q. Are there any penalties if I prepay my auto loan?

A. No, there are no prepayment penalties for your auto loan.

Q. Can I bring an auto loan from another lender to Generations for refinancing?

A. Yes, you can refinance your auto loan from another lender with Generations. Simply apply for refinancing the same way you would apply for a new auto loan online [hyperlink] or over the phone. Please be sure to have your current loan terms and remaining balance available. When you refinance, we will give you a $100 Refinancing Amnesty Reward at the time of loan closing.

Auto Loans 4.2 5 51 51
Qualifying for an Auto Loan was simple and easy with Generations FCU After providing my personal information for the loan the approval turnaround time was within 24 hours. With such a low interest rate for my new automobile and a quick response back from the loan department, my choice was easy, Generations FCU are the people that I can trust! I also like the feature of signing my loan papers online November 27, 2011
Associates were great in helping make the decision easy with no hassle. A request was made & they did the rest of the leg work & took care of the loan I will only use GFCU when a loan is needed. They have my business for life November 26, 2011
Beyond expectation The personnel who assisted us on the current auto loan and previous auto loans were very helpful, friendly, and knowledgeable. The loan terms were better than commercial bank and dealership options. Payments are easy and rate is terrific. November 25, 2011
Good auto and bank rates I would do more business if the drive thur window would be faster. I have timed it at one time it took over 30 minutes before the teller came to the window and I was the only one at that lane. The other thing is even though the rates are good. Loans have to be processed through inhouse phone and I liked it if a person on site would handle all transactions. Other than that I would recommend this bank to others November 22, 2011
Ease of applying and processing an auto loan The auto loan process is made extremely easy. With just the basic information required the process is fast and efficient. I was a first time applicant and unsure and confused about the entire process. The Generations team helped me every step of the way and answered all of my questions in a helpful manner. Questions asked about credit issues are not judge mental in any way and my input was highly regarded. I will and have recommended personal friends and family to Generations Federal Credit Union, so that they may enjoy the same satisfaction I have. November 17, 2011
auto loan closing rates are good, your website needs to have more information on the vehicle its too vague November 7, 2011
auto loan experience A few months ago I found myself in a bit of a bind. Long story great, I applied for a auto loan with GENERATIONS. Everyone I spoke to was understanding and really cared for what I was going through. ABBY one of the loan officers took all my information and help me thru the process. NEEDLESS to say I was approved and everything worked out GREAT! I was put at ease immediately! After a couple of days I even called back to the loan department and personally THANKED Abby for all of her terrific customer service! November 4, 2011
good rates with excellet sercice makes an unbeatable deal if in the market for an auto loan you would be smart to go with generations November 1, 2011
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