Used cars, trucks and SUVs can offer great value and many dealerships offer low mileage cars that look great and still with many miles on the road. Below are some items to consider when purchasing a used car from either a dealer or a third party.
Calculate how long it will take to save for an auto loan or a down payment.
*Auto loan APRs range from 2.99% APR to 12.99% APR as of 7/1/2022; subject to change without notice. 2.99% APR is available to borrowers with excellent credit on a used auto loan a term up to 36 months. PAYMENT SAMPLES: Pay $29.08 per month per $1,000 borrowed at 2.99% APR for 36 months. Pay $20.08 per month per $1,000 borrowed at 12.99% APR for 72 months. Slightly higher APRs apply to refinances of existing Tech CU loans, private party sales and other loans where Tech CU handles vehicle title work. We offer many auto loan options; ask us for details.
Vehicle Loan Terms :1$15,000 minimum loan amount for 72 month financing.2Maximum loan amount based on approved credit. Financing available on used vehicles (including fleet returned vehicles), excluding salvaged vehicles. Used Vehicles 7 years old or less and 100,000 miles or less: Up to 125% of Kelley Blue Book Retail Value (including tax, license, document fees, and mechanical breakdown protection or extended warranty), plus GAP on approved credit. Used Vehicles over 7 years old or more than 100,000 miles: Up to 90% of Kelley Blue Book Retail Value (including tax, license, document fees, and mechanical breakdown protection or extended warranty), plus GAP on approved credit.3Interest Rate will vary based on approved credit and term. Slightly higher APRs apply to refinances of existing Tech CU loans, private party sales and other loans where Tech CU handles vehicle title work.4Payment per $1,000 is based on the highest interest rate with the maximum term.5$25,000 minimum loan amount for 84 month financing.6Vehicle must be 4 model years or newer with less than 60,000 miles.
All loans require Tech CU membership, credit approval and you must meet security requirements. Tech CU will finance private party purchased for used vehicles registered in the state of California, other terms and conditions may apply.