Auto Loans
Fueling Your Dreams
Ready to hit the road in a new vehicle? Don’t let the auto loan process intimidate you! Turn to ProFed for hassle-free car financing. Whether it’s your first time applying for an auto loan or you’re a seasoned borrower, we’ve got you covered with low-interest rates and flexible terms. Get pre-approved auto financing right here at the credit union and then start your car shopping experience online or at one of our participating dealerships.
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Calculate NowAuto Loan Rates
Apply Now| Collateral | Minimum Loan | Maximum Term | Rate | APR* As Low As |
|---|---|---|---|---|
| 2024 - 2026 | N/A | 84 Months | Fixed | 6.99% |
| 2023 - 2026 | $15,000 | 78 Months | Fixed | 4.99% |
| 2023 - 2026 | N/A | 75 Months | Fixed | 6.49% |
| 2020 - 2026 | N/A | 66 Months | Fixed | 6.24% |
| 2020 - 2026 | $15,000 | 66 Months | Fixed | 4.74% |
| 2019 - 2026 | N/A | 48 Months | Fixed | 5.84% |
| 2017 - 2018 | N/A | 48 Months | Fixed | 6.49% |
Membership at ProFed is required. *The annual percentage rate (APR) listed are our best rates. Your rate may vary depending on your credit score. Auto Loan Rate Payment Example: Auto - 84 months @ 7.49% your payment will be roughly $15.39 per $1,000 borrowed. Auto - 66 months @ 6.74% your payment will be roughly $18.23 monthly per $1,000 borrowed. Click here to visit our Loan Payment Calculator to determine a monthly payment that works for you
Car Shopping Made Easy
Rev up your car search from anywhere! Start searching in our Member Auto Center (MAC) for a trusted car-shopping experience, seek out a preferred dealer, and you will find the right car that fits your budget in no time.
Visit our Member Auto Center (MAC) where you can:
New Car Auto Loan
Used Car Auto Loan
Refinance My Auto Loan
Loan Protection
Frequently Asked Questions
If you are preapproved, you are approved to borrow a specific dollar amount before you start car shopping.
Apply online or swing into a branch and apply in-person.
If your credit score is 720 or higher you will get our best rate. To find out your credit score, speak to a loan officer today!
We don't approve or deny a loan solely based on credit score.
The amount you can borrow is based on your income and monthly expenses. Use our calculator to find out how much car you can afford.
It depends. The older the vehicle, the shorter the term. A new vehicle can be financed at ProFed for up to 84 months.
Any cash you can pay out of pocket is considered a down payment. We recommend putting down as much as you're comfortable putting down within your budget.
In general, once we receive all the information, we strive to give you a decision within 1 business day.
ProFed doesn't have any fees on auto loans.
Guaranteed Asset Protection (GAP) protects if your vehicle has been declared a total loss after an accident. For an added cost, GAP is intended to reduce or eliminate the balance owed after the insurance company pays. You can purchase GAP insurance through ProFed at a much lower rate than what the dealership offers.
Debt protection is an added cost to your loan. It can cancel all or part of the loan payment or balance if you qualify. It protects against death, disability, or involuntary unemployment.
For an added cost, ProFed also offers Mechanical Repair Coverage to help cover repairs. TruStage® Auto Loan Insurance is another option offered to members.
Yes, trading in a car can help lower your balance and payment.
The terms are determined by the year of the vehicle that you are purchasing. At ProFed, they can vary from 48 months to 84 months.
If you are struggling to make a payment, reach out to a loan officer for options.