Used Autos
1. Find a New Car
A Tech CU loan for a used vehicle provides:
- Up to 100% of Kelley Blue Book Retail Value on cars 5 years old or less (plus tax, license, document fees, and mechanical breakdown insurance or extended warranty insurance).
- 100% of Kelley Blue Book Wholesale Value on older models, plus tax, license, document fees and MBI or extended warranty.
- Automatic payment available from a Tech CU Checking or Savings account.
| Term1 |
Minimum
Loan Amount2 |
APR3 |
Example Payment
per $10004 |
| 24 - 66 months |
$5,000 |
6.350 - 14.850% |
$22.28 |
| 72 months |
$15,000 |
6.750- 15.250% |
$21.30 |
| 84 months |
$25,000 |
6.750- 15.250% |
$18.11 | |
Possible Rate Discounts:
| Discount Method |
Rate Discount |
| Purchase your new or used car through Tech CU's Car Store |
.25% |
| Green Car Loan rate discount for new hybrid vehicles |
.25% |
| Additional rate discount also available through Relationship Rewards | |
Rate discount also available through
Relationship Rewards.
3. Other Loan Options:
Auto Equity Loans
Auto Equity Loans are secured by the vehicle and a deed of trust on the borrower's residential property located in California. The interest paid, therefore, is tax deductible in most cases. Consult your tax advisor. Auto Equity Loans are available under the same rates and terms as Used Auto Loans.
Vehicle Loan Terms :
(1) Term applies to 2006 or newer vehicle models and mileage must be 30,000 miles or less. $15,000 minimum loan amount for 72 month financing and $25,000 minimum loan amount for 84 month financing.
(2) Maximum loan amount based on approved credit. Financing available on used vehicles (including fleet returned vehicles), excluding salvaged vehicles. Used Vehicles 5 years old or less: 100% of Kelley Blue Book Retail Value. Used Vehicles over 5 years old: 100% of Kelley Blue Book Wholesale Value. Plus tax, license, dealer preparation, documentary fees, and Mechanical Breakdown Insurance or Extended Warranty Insurance.
(3) Interest Rate will vary based on approved credit.
(4) Payment per $1,000 is based on the highest interest rate with the maximum term.