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Auto Loans
Start With the Right Auto Loan
Buying something new — or taking a second look at what you already have? We’ll help you take the next right step.
I'm Buying a Vehicle
- Rates as low as 4.79% APR*
- No payments for 90 days to qualified borrowers1
- No down payment or early payoff penalties
I Want to Refinance My Loan
- Rates as low as 4.04% APR**
- No refinance fees2
- Fixed-rate, fixed payments during the loan term
Manage Your Loan Payments Online — Anytime, Anywhere.
Save Valuable
Time
Pay your loans online without the hassle of mailing, calling or visiting a branch.
Link Your External Accounts in
Online and Mobile Banking
Easily connect accounts from other financial institutions to view everything in one place.
Anyone Can
Pay
Members and guests alike can make loan payments with our Loan Payment Portal.
Auto Loans FAQs
- What types of auto loans does APGFCU offer?
APGFCU offers auto loans for buying new or used vehicles and for refinancing existing auto loans from other lenders.
- Should I refinance or buy?
Choose refinance if you already have an auto loan and want to lower your rate or payment. Choose purchase if you’re shopping for a vehicle.
- Do both options include insurance and GAP?
Yes. Insurance benefits and GAP coverage are available with both purchase and refinance loans.
- Can I skip an auto loan payment?
Yes. At APGFCU, we offer Skip-A-Pay for auto, truck and van loans. Without penalty, you can choose to skip one payment every 12 months. When using this service, keep in mind the following items:
- Choose to skip one payment every 12 months without penalty
- Eligible loans: auto, RV, personal, home improvement, or education
- Finance charges (interest) will continue to accrue on a daily basis during the month the payment is skipped
- Certain restrictions apply
- Where can I find a car dealership to get a better deal on my next vehicle purchase?
At APGFCU, we’ve partnered with over 90 dealerships across Maryland and Delaware to maximize your chances of receiving optimal financing on new and pre-owned vehicles, motorcycles, and RVs. To take advantage of credit union pricing, simply:
- Choose your vehicle’s make and model
- Visit a participating dealership as an APGFCU member
- Negotiate the price and take advantage of any available rebates or discounts
- Apply for a low-rate credit union auto loan in the dealership — insist on using APGFCU
If approved, the dealership will complete the paperwork and send it to us for funding, while you drive off that day in your new vehicle.
Looking for a better deal on your next vehicle purchase? AutoSMART offers the information and resources you need for a stress-free car-buying experience.
- How do I calculate my monthly auto loan payments?
At APGFCU, we offer a free auto loan calculator to help you determine your monthly car loan payment or your car purchase price.
- How do I choose the best auto financing?
Choosing the right auto financing doesn’t have to be complicated. At APGFCU, we compare credit union financing and dealer financing side by side, so you can make the best choice for your budget. We even break down the benefits, drawbacks, and estimated monthly payments to help you with your decision.
- How do I provide proof of insurance for my collateral loan agreement?
At APGFCU, we require that any collateral securing your loan be financed through the credit union and covered by full comprehensive and collision insurance. Collateral loans may include autos, boats, RVs, jet skis, and ATVs. Providing proof of insurance is a condition of your collateral loan agreement. Read below for answers to some of the most frequently asked insurance questions.
To learn more about insurance verification, click here.
Need Help With an Auto Loan? Get in Touch!
For more information about or help with auto loans:
Auto Loans Disclosures
*APR = Annual Percentage Rate. Rates are honored for 30 days from the date of loan decision. To qualify for the Automated Payment Interest Rate, at the time of loan settlement you must establish an automated loan payment from an APGFCU account to repay your loan. Not all applicants will qualify for the lowest rate.
The rate stated above is for a new loan and is available on approved credit. The rate may be different as determined by loan term, purpose (purchase/refinance), model year and individual creditworthiness of each applicant. Current or previous two model years are considered "NEW" if the vehicle has never been titled.
**The rate stated above reflects approved credit with automated payments from an APGFCU account and may differ based on loan term, model year, and individual credit profile. The advertised APR assumes eligibility for a 0.75% external refinance discount, which is available when the existing loan has been open for a minimum of 180 days. This pre-approval is valid for external refinances only.
For new auto loans, the minimum APR is 4.04%, and the maximum APR is 15.24%. Payment Example 1: A new auto loan of $30,000 for 36 months with automated payments at 4.04% APR would result in a monthly payment of $886.25. Payment example is for illustrative purposes only and is based on the lowest available APR; actual rates and payments may vary.
1First payment may be deferred for 90 days. Interest will accrue from the date of loan disbursement and is due once payments begin. Deferred payment is not available for refinances of existing APGFCU auto loans. To take advantage of the deferred payments when refinancing from another lender, a minimum of 4 payments must have been made. Some restrictions apply. Not all applicants will qualify for the 90-day deferred payment.
2APGFCU does not charge a refinance fee on auto loans.