General questions about auto loans
Who can apply for a vehicle loan? 

You must be an Affinity credit union member 18 years of age or older.

What is a good finance rate for a new car?

It’s hard to say because rates change daily. Also, the rate you are actually offered by any auto lender will be affected by your credit score, the length of the finance term and other factors. For reference, here are Affinity’s auto loan rates.

Which bank or company is good for a new car loan?

Credit unions, such as Affinity, can be a good source for new car and other loans because they are non-profit institutions that exist to support their members, in part because they are owned by their members.

Can you get 0% financing on a new car?

Yes, it may be possible. However, there is a cost to providing any loan, and that money has to come from somewhere. If you are offered a 0% car loan, it may mean foregoing a rebate or other discount that could be even more valuable.

Is there a prepayment penalty if I pay my loan off early? 

No. Affinity does not charge prepayment penalties on auto loans to members.

What are the requirements for new car vs. used car finance rates? 

To qualify for new car annual percentage rates (APR), the vehicle must meet the following criteria: