First Time Auto Buyer Loans
As Low As 7.70% APR!*
Start your journey with confidence.
At Generations FCU, we help first-time auto buyers get behind the wheel with clear, affordable financing and fixed rates.
PLUS! NO Payments For 45 Days!1
Get pre-approved for your auto loan today!
How it works:
Get Pre-Qualified
We’ll give you a target budget and payment estimate before you shop.
Shop For The Perfect Vehicle
Knowing your rate and loan amount in advance allows you to negotiate like a cash buyer.
Finalize Your Loan
When you’re ready, call our Loan Specialists to complete and officially open your loan.
Drive Away With No Payments for 45 Days!1
Hit the road in your new ride and enjoy the increased cash flow and flexibility of no payments for the first 45 days.
Estimate your monthly payment.
Find the right auto loan financing for your budget and needs.
*This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.
Ready to start your application?
Apply Online NowResources
AutoSMART
Use AutoSMART to find, research and apply for your next vehicle.
With Generations’ AutoSMART auto-finder website, you can:
- Search from hundreds of local dealerships
- Calculate your payments
- Read reviews
- Look up any vehicle on Black Book and NADA Guides
When you find a vehicle you’re interested in, contact the dealership to schedule a test drive or apply for auto financing with GFCU directly from AutoSMART.
Vehicle Protection and Peace of Mind
Are you financing your vehicle through GFCU?
Then consider purchasing additional vehicle protections that pick up where insurance policies and manufacturer warranties leave off.
Don’t let an unexpected event take the joy out of your new purchase.
Experience peace of mind with GAP, MMP and MVP benefits.
Guaranteed Asset Protection (GAP) Advantage2
GAP coverage could eliminate or reduce costs that your insurance policy doesn’t cover if your vehicle is totaled due to an accident, fire, or theft. Protection also includes a $2,500 allowance to finance a replacement vehicle.
Major Mechanical Protection (MMP)3
MMP coverage keeps your vehicle protected after your manufacturer’s warranty expires. Get quoted for MMP coverage even if your vehicle is not financed with GFCU.
Member Value Protection (MVP)4
MVP coverage gives you a benefit up to $6,000 in depreciation coverage when you return to GFCU to finance a replacement vehicle due to total loss or unrecovered theft.
Auto Loan Resources
Car Buying Tips
Auto Loan Borrowing vs. Leasing
Questions? Get Contacted.
*APR is Annual Percentage Rate. Rates listed include a discount of 0.35%, which may be applied to New and Used First Time Auto Buyer Loans that are enrolled in automatic payments from a MyAdvantage Checking or MyAdvantage Plus Checking account at time of closing. First Time Auto Buyer Loans have a maximum loan amount of $25,000.
All loans are subject to approval. Rates, terms, and conditions are subject to change.
1Conditions do apply in order for an auto loan to receive the 45-day payment deferral option and not all loans will qualify. Interest will continue to accrue through the deferred payment period. Refinances of existing GFCU auto loans are not eligible for the 90-day first payment deferral or the autopay rate discount. Additionally, a $75 fee will be assessed for any refinance of an existing GFCU auto loan.
Payment Example: For a $15,000 loan for a term of 36 months with a 7.70% APR, the monthly payment will be $467.97.
2Your purchase of GAP Advantage is optional. Whether or not you purchase GAP Advantage will not affect your application for credit or the terms of any existing credit agreement you have with the Credit Union. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under GAP Advantage. You should carefully read the contract for a full explanation of the terms.
3Plans are available for most new and used domestic and imported vehicles. Speak to a lending representative for vehicle eligibility criteria and more details.
4Programs and coverages may vary by state/lender. Please refer to the contract for additional terms, conditions, limitations, and exclusions. This material is for marketing purposes only. Maximum MVP benefits are not always paid to vehicle purchase price.