Auto Loans
At Alpena Alcona Area Credit Union, we offer flexible new and used auto loan options to help you drive away in your dream car. Whether you're purchasing a brand-new vehicle or a pre-owned one, our competitive rates and personalized service make financing easy and affordable. Let us help you find the perfect loan to fit your budget and lifestyle.
Find a Dealership
Indirect Lenders
When shopping at one of our participating indirect dealers let them know you are a member of Alpena Alcona Area Credit Union, fill out the loan application, get approved, and close the deal without leaving the dealer.
| Loan Type | Rate | APR* | Term | Monthly Payment Amount* |
|---|---|---|---|---|
| New Auto (54 month term) | 4.250% | 4.251% | up to 54 months | $713.25 |
| New Auto (66 month term) | 4.250% | 4.251% | up to 66 months | $595.63 |
| New Auto (78 month term) | 5.500% | 5.501% | up to 78 months | $534.71 |
| Used Auto | 5.501% | 5.501% | 72-78 months | $534.71 |
| *APR = Annual Percentage Rate. Published rate on date stated is subject to change without notice. Rate stated is “as low as” and not all borrowers may qualify. Rate and APR advertised assumes a FICO Credit Score of 680 or better and a loan amount example of $35,000 based on the maximum term noted. The payment examples shown above do not include GAP premiums, or other insurance premium amounts, which will increase your monthly payment obligation. Your actual payment may vary based on the term, credit score and amount financed. | ||||
What would my payments be?
Several factors help determine the final loan amount for your new purchase. These may include any manufacturer rebates, the value of your trade-in minus any remaining loan balance, your down payment, and other related costs. Once the loan amount is set, your interest rate and loan term will be used to estimate your monthly payment.
Know Your Vehicles NADA Value
Use the tools we use when calculating the value of your used vehicle with NADA.
- Accurate Vehicle Valuations
- Comprehensive Coverage
- Fair Market Pricing
- Easy-to-Use Resources
Loan Protection Products
GAP Plus with Deductible Assistance
Essential protection for your vehicle loan.
- Covers the gap between your insurance settlement and loan balance if your vehicle is totaled
- Provides up to $1,000 in deductible assistance, whether your vehicle is a total loss or not
- $1,000 towards financing a replacement vehicle through Alpena Alcona Area Credit Union
- Offers financial peace of mind and protection against unexpected out-of-pocket expenses
Life & Disability Insurance
Take active steps in protection your family if the unforeseen happens.
- May help reduce or pay off your covered loan
- May make your monthly payment, up to the policy maximum, in the event of a covered life event, injury, illness, or death
Mechanical Repair Coverage
Protect your vehicle and budget from unexpected breakdowns.
- Covers repairs beyond manufacturer or powertrain warranties
- Includes roadside assistance, car rental, travel reimbursement, and towing
- Choose your deductible and enjoy flexible monthly payments
- No mileage limits, use your preferred repair facility, and no long-term contracts
*Your purchase of MEMBER’S CHOICE® Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Group Policy for a full explanation of the terms. CDCL-2285632.1-1018-1120
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