Auto Loans

RATES AS LOW AS 5.99% APR* 

 
Access Costco Auto Program’s network of dealers for prearranged pricing and a simple buying process! Learn more.
 

Whether you're looking for a new or used vehicle, we make it easy to hit the road with low rates and no payments for 90 days. 

  • Up to 100% financing for new and used vehicles (Up to 110% LTV All In** for motorcycles)
  • Repayment terms from 24 to 84 months
  • Fresh Start program available for members with challenged credit
  • Up to 80% financing of the total cost (including tax, license and documentation fees) of new or used boats, and recreational vehicles
  • Financing available for private party purchases from a friend or family member
  • Clear title loans give you quick cash by borrowing against the the value of your paid-off vehicle
  • Refinancing options available
  • Enterprise Car Sales offer KeyPoint members discounts on used car purchases, loans and rentals
  • Our Starting Point services can provide new college graduates and newcomers to the U.S. their first auto loans
  • KeyPoint offers auto leasing options through designated Bay Area dealers.

*APR=Annual Percentage Rate. Rates accurate as of 5/29/2024 and subject to change. All loans and terms are subject to credit approval. Rate is based on credit worthiness and other factors and may be higher than the rate shown. Payment example: $44.31 per month per $1,000 borrowed at 5.99% APR for 24 months.
**Includes tax, license, documentation fees, warranties and other dealer add-ons.

Results from the Check My Rate service are not offers of credit. All loan applications are subject to review and credit approval. Terms offered to approved applicants may vary from those provided by the Check My Rate service depending on credit product selected and other factors.

Auto Loans

  • New Autos: For current model years, we offer financing up to 100%, and terms from 24-84 months. No first payment due for up to 90 days.
  • Used Autos: For vehicles up to 10 years old, you can choose a term of 24-84 months, as well as financing up to 100% and no payment due for up to 90 days.
  • Recreational Vehicles: Looking to buy a new or used boat or RV? We can help you finance up to 80% of the purchase price, including tax, license and documentation fees. For used recreational vehicles, financing is available up to 80% of the Wholesale Blue Book Value plus tax, license and documentation/recording fees.
  • What you will need to apply:
    • Valid government issued photo ID
    • Valid auto insurance
    • Most current paystub (if requested)
  • If you're purchasing from a dealership, you'll also need:
    • Signed sales contract
  • If you're purchasing from a private party (clear title), you'll also need:
    • Original title
    • Vehicle registration
    • Valid government issued photo ID for both buyer and seller
    • Current mileage
    • Total purchase price of vehicle
    • Smog certificate (If applicable)
    • DMV sales tax and fees will apply
    • Note: Seller and buyer must be willing to go to branch to sign original DMV documents.
  • If you're purchasing from a private party (lien on title), you'll also need:
    • Account payoff information from current lender
    • Vehicle registration
    • Valid government issued photo ID for both buyer and seller
    • Current mileage
    • Total purchase price of vehicle
    • Smog certificate (if applicable)
    • DMV sales tax and fees will apply
    • Note: Seller and buyer must be willing to go to branch to sign DMV documents.
  • If you're buying out a lease, you'll also need:
    • Lease paperwork or odometer disclosure from leasing company
    • Lease payoff information from leasing company
    • Vehicle registration
    • Current mileage
    • DMV sales tax and fees will apply
  • If you're refinancing from another lender, you'll also need:
    • Account payoff information from current lender
    • Vehicle registration
    • Current mileage
  • If you're getting a cash out title loan, you'll also need:
    • Original title
    • Vehicle registration
    • Current mileage
    • Note: Wholesale loan to value restrictions apply.
  • If you're applying for the Starting Point program, you'll need:
    • Most current paystub or signed offer letter
    • Valid government issued photo ID
    • Social Security number
    • Verification of residence
    • Minimum 10% down payment
Recreational Vehicles and Boats under 28ft
Rates Effective: 5/29/2024
Loan to Value APR Loan Amount Term (Months)
61% - 80% (new) 12.20% $2,500 or more 24 - 120
less than 60% (new) 11.99% $2,500 or more 24 - 120
61% - 80% (used) 13.20% $2,500 or more 24 - 120
less than 60% (used) 12.99% $2,500 or more 24 - 120

Maximum LTV is 80% plus tax, license, and all documentation/recording fees.

Minimum loan amount is $2,500. Used boat loans of $10,000 or greater require a marine survey.

Rates accurate as of 5/29/2024 and subject to change. 

PAYMENT EXAMPLES:

  • Pay $14.47 per month per $1000 borrowed at 12.20% APR for 120 months
  • Pay $15.06 per month per $1000 borrowed at 13.20% APR for 120 months

Major Mechanical Protection (MMP)* 

Protect yourself from costly automobile repairs and enjoy your vehicle longer with MMP.

Whether you plan on selling your vehicle after a few years or plan on driving it for many years to come, you may find yourself eventually dealing with a repair or breakdown. And with the rising cost of labor and parts, you could find yourself dealing with high out-of-pocket expenses.

With MMP, you can protect yourself from costly repairs and enjoy your vehicle longer. The total cost of MMP is often far less than the cost of a single repair! Pay for this protection once, and in most cases, you will not have to pay anything more than a small deductible should a breakdown occur.

Your coverage may include all or some of the following benefits:

  • Comprehensive repair coverage
  • 24-hour roadside assistance
  • Lost key and lockout assistance
  • Emergency tire repair
  • Rental car reimbursement
  • Trip interruption expense reimbursement
  • Flexibility when getting repairs done—can be used at most licensed repair facility
  • MMP transfers to a new owner—which adds to the resale value of your vehicle


*Major Mechanical Protection (MMP) is a contract between the borrower and a third party. KeyPoint Credit Union sells Major Mechanical Protection. KeyPoint Credit Union is not a party to the MMP contract between the borrower and the third party and does not guarantee or insure the third party’s obligations. Written disclosures of pricing and other terms of Major Mechanical Protection are provided to the borrower prior to the borrower becoming obligated to pay. Your purchase of a Major Mechanical Protection contract is optional. Plans are available for most new and used domestic and imported vehicles. Speak to your service representative for vehicle eligibility criteria and more details. Major Mechanical Protection is considered insurance coverage in some states.

GAP Advantage™*

Insure against auto insurance gaps—if your vehicle is declared a total loss after an accident or theft, and your standard insurance policy will fall short in covering your entire loan balance.

According to industry sources, new vehicles lose about 45% of their value within three years, and about 60% of their total value within five due to depreciation.

In the event your vehicle is declared a total loss after an accident or theft, it’s likely the standard insurance policy will fall short in covering your entire loan balance. In fact, if the average new car owner has their vehicle stolen or damaged beyond repair, they could still owe thousands of dollars after their insurance settlement.

To protect yourself from a financial loss, move beyond the industry standard with coverage that’ll benefit you through your entire loan term.

GAP Advantage (GAP) can pay up to the remaining balance of your auto loan after an insurance payout and give you additional funds to finance your next vehicle with us.

In most cases, GAP will make up the difference between what your insurance policy covers and the amount you still owe. So, instead of paying off a substantial loan balance for a vehicle you can no longer drive, you could be relieved from your remaining loan balance and have funds to put toward a down payment on a new car.

There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under GAP. You should carefully read the contract for a full explanation of the terms.

*Guaranteed Asset Protection (GAP) Advantage is a contract between the borrower and KeyPoint Credit Union. The KeyPoint Credit Union GAP Advantage program is administered by SWBC. Written disclosures of pricing and other terms of GAP Advantage are provided to the borrower prior to the borrower becoming obligated to pay. Your purchase of GAP Advantage is optional. Whether or not you purchase GAP Advantage will not affect your application for credit or the terms of any existing credit agreement you have with the financial institution. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under GAP Advantage. Carefully read the contract for a full explanation of the terms.

Loan Payment Protection™*

Insure against auto insurance gaps—Should your vehicle be declared a total loss after an accident or theft, and your standard insurance policy falls short in covering your remaining loan balance.

Death and disability are unpredictable and could happen to anyone, at any age. Sixty-one million American adults, or 1-in-4, live with disabilities.** When an unexpected tragedy occurs, Loan Payment Protection (LPP) may pay off your loan in the event of death, or make payments on your behalf in the event of a disability or involuntarily unemployment,.LPP may be available for personal credit cards, auto loans, personal consumer loans, and home equity loans.

*The LPP program are reflected in a loan addendum to our borrowers who elect the coverage.  Written pricing and program parameters are provided to the borrower(s) in their loan documents and prior to any obligation for payment. KeyPoint Credit Union does not administer the program.
**Disability Impacts All of Us Infographic.” Centers for Disease Control and Prevention. September 2020. Web. August 2022.


Protect yourself for the road ahead—contact Digital Banking to learn more.