New Vehicle Loans

Finance your new car or motorcycle at MCFCU. Our new car loan rates and terms are the best around. We make it quick and easy for you to head down the road in the car of your dreams.

Used Car Loans

Maybe a new car isn’t what you are looking for. We can help you finance previously owned cars too! Just like our new car loans, our used auto loans are the best around and our loan service is fast and secure.

Refinance your current auto loan

Our rates are so good that often you can save money on your current auto loan by refinancing it with MCFCU at a lower rate. Various terms are available.

PaySaver Loan

Many people choose to lease their car so they can enjoy lower monthly payments. But at the end of the lease, they have to turn in the car with no residual benefits. Our PaySaver Loan is similar to a lease, but you own the vehicle which offers you greater flexibility both during the loan and at loan maturity. You can now have lower payments and still have the option to sell, trade or pay off your balance at any time. We like to think it’s a loan that gives you the best of both worlds. Some of the benefits of a PaySaver loan include:

• The option to keep your vehicle is easy
• Offers payments up to 40% lower than conventional financing
• No Money Down
• A payment you can afford
• Reduces your risk of negative equity
• Mileage options include 7,500, 10,000, 12,000 and 15,000
• No “Back End Surprise”
• Local Return Option at loan maturity

PaySaver vs Conventional Financing

• Lower monthly payments with payment savings as high as 40%
• Flexible loan terms from 24 to 72 months on all models up to 5 years old
• Payments are based on actual use of vehicle (depreciation) with final balloon payment based on the projected resale value of the vehicle at loan maturity
• Reduces negative equity risk factor associated with conventional financing 
  

PaySaver vs Leasing

• Unlike most leases, you can pay off your loan, sell, or trade your vehicle anytime with no pre-payment penalty, OR
• Simply return the vehicle at loan maturity instead of paying the final balloon payment and walk away with no end-of-loan term hassles*
• Unlike leasing, both new and pre-owned vehicles up to 5 years old qualify for the PaySaver Auto Loan Program low payment financing
• Unlike leasing, you own the vehicle (titled in your name – not the leasing company’s)
• Lower excess mileage charge than most leasing programs of only $0.10 per mile
• PaySaver Auto Loan Program requires no money down and has no hidden costs typically found in leasing (i.e. high money factor, up front capitalization cost, acquisition fees, security deposit, first and last payment, etc.)
• Moving? No problem. Unlike leasing, if you choose to turn your vehicle in, we will pick it up anywhere in the U.S. No long drives back to the dealer, we come to you.