Auto Loans
Auto loans as low as 1.95% APR when you apply online
If you’re shopping for a new or used vehicle, looking to save more on your current vehicle or want to see what options you have for future purchases, we have you covered at RBFCU. Apply online and see how easy it can be!
Buying a new or used vehicle
Whether you’re shopping for a new or used vehicle, you’ll get the same great rate with an auto loan from RBFCU.
Refinancing your current loan
Bring your loan from another financial institution over to RBFCU and start putting money back in your pocket.
Vehicle equity loan
Use your vehicle’s clear title as a quick, easy way to borrow money at a low rate.
Additional coverage
You can also secure additional coverage and warranties for your vehicle maintenance and loan protection needs. These coverages are provided through RBFCU, so if you are interested in adding them, please click the link below or contact RBFCU’s Consumer Lending Center.
Payment protection insurance
Payment protection insurance can help you make sure you’re covered if you can’t make payments because of unexpected illness or injury.
Major mechanical protection
MMP protects your vehicle from the cost of expensive repairs not covered by your manufacturer’s warranty.
GAP Advantage
Reduce expenses if your car is totaled, or stolen and not recovered. GAP Advantage pays the difference between your vehicle’s actual cash value and what you owe.
Why choose an RBFCU auto loan?
- Easy online application process
- Discounts when you apply online
- Deferred first payment: Qualified members can make first payment up to 60 days from loan date
- Up to 125 percent financing or refinancing for qualified members
What to expect when you're applying for an auto loan
1. Fill out your application
2. Get a decision
3. Finalize your loan1. Fill out your application
If you choose to finance (or refinance) with RBFCU, you’ll submit an application with the details regarding your vehicle, your personal information and your finances.
- Information about your current vehicle (if you are refinancing or already have found a specific vehicle to purchase) — vehicle identification number (VIN), make, model, year and mileage
- How long you want to finance your loan (term length)
- Your current employment and income information
- Contact information (phone number and email)
- Information about any joint borrowers you would like to include on the auto loan (including date of birth, address, income and employment, Social Security number and contact information; if applicable)
2. Get a decision
Our loan officers will review your information and we’ll contact you within one business day.
If you’re a member who has downloaded the RBFCU Mobile app, you can enable push notifications and receive an update once a decision is made on your loan.
3. Finalize your loan
Prior to finalizing, provide your vehicle information (VIN, make, model, mileage). RBFCU will let you know if additional information or paperwork is needed. Once all required information has been approved, you’ll be able to finalize your loan.
Looking for a different type of vehicle? RBFCU also offers financing for:
- Motorcycles
- Recreational vehicles
- ATV and personal watercrafts
- Boats (excluding yachts)
- Specialized collateral
Find Your Next Car
With our partners, you can check inventory at our Preferred Dealers, choose the car you want and finance through RBFCU. Whether you choose to apply online or at the dealership, you get the benefit of RBFCU financing.
FAQs
-
Do I have to be a member to get an auto loan with RBFCU?
To secure a loan with RBFCU, membership is required. If you would like to complete your loan application right away, then complete the membership application later, you may access our non-member loan application.
-
What types of vehicle loans do you offer?
RBFCU offers vehicle loans for automobiles/trucks, boats, ATVs, jet skis, motorcycles and recreational vehicles. We offer financing, refinancing from other institutions, net-to-clear and other options.
-
How soon will I know if my auto loan application has been approved?
A decision will be made on your loan application and you will be notified typically within one business day. RBFCU members can also check their loan’s status by logging in to their online banking account.
-
When do I make my first auto loan payment?
Qualified borrowers may choose a first payment date up to 60 days from the date the auto loan is finalized. You can specify your preferred date to your lending specialist (e.g., the first of the month, etc.) before signing your loan documents.
-
Are there any vehicles that RBFCU does not finance?
RBFCU does not finance salvaged or reconditioned vehicles.
The 1.95% APR is our best rate available when applying online for an RBFCU Auto Loan up to a 66-month term to purchase a new or used vehicle, or refinance an existing auto loan from another financial institution based on your credit rating and other factors. Auto loans are subject to credit approval and rates are subject to change. Certain restrictions may apply. Contact our Consumer Lender Center for more details.
Federally Insured by NCUA. Equal Housing Lender.
