VEHICLE LOANS
Higher Expectations. Lower Rates.
With our Guaranteed Better Loan Advantage™, you get affordable financing with flexible terms from 24-84 months and up to 90 days before your first payment.
Rates As Low As
4.95%*
No Payment for
90 Days*
Flexible Monthly Terms
24-84
Auto Loan Calculator
Estimate your monthly payment, see how different down payments affect your budget, and factor in taxes and insurance — before you even apply.
Vehicle Loan Types
Find the Right Vehicle Loan for You
Whether you’re buying new, used, refinancing, or financing a recreational vehicle, MTC Federal has a loan built for you.
New or Used Auto Loans
Super-low monthly payments on qualifying new or used vehicles from 24-84 months.
Motorcycle Loans
Put your new motorcycle within reach with competitive rates and flexible terms up to 128 months.
Watercraft Loans
Put your new boat within reach with competitive rates and flexible terms up to 128 months.
Recreational Loans
Finance your RV, boat, motorcycle, or other recreational vehicle with terms up to 128 months.
Auto Refinancing
Already have a loan elsewhere? We’ll beat your rate with our Guaranteed Better Loan Rate™.
Vehicle Loan Rates
Competitive Rates for New & Used Vehicles
Rates effective as of May 4, 2026. Subject to change.*
| Term | Annual Percentage Rate (APR) as low as |
|---|---|
| 24 Months | 4.95% |
| 36 Months | 4.95% |
| 48 Months | 5.95% |
| 60 Months | 6.20% |
| 72 Months | 6.95% |
| 84 Months | 7.95% |
*Annual Percentage Rate (APR) may vary depending on each individual’s credit history and underwriting factors. All loans subject to credit union approval. All credit union loan promotional offers, programs, rates, terms and conditions are subject to change at any time and without notice. Offer may end at any time. Other restrictions may apply. **Loan rates are based on applicant’s creditworthiness and may vary from those shown above. Rates, terms and conditions are subject to change without notice. All loans subject to approval. Membership eligibility required.
CAR SHOPPING TOOLS
Shop Smart with AutoSMART™
Powered by our partners at AutoSMART™, MTC Federal puts the tools in your hands to check vehicle values, search for cars, find preferred dealers, and more — all before you set foot on the lot.
PLANNING TOOLS
Estimate Your Monthly Payment
Compute and compare loan options to find the right loan for your budget with our simple calculator tool. Know exactly what you’ll pay before you apply.
Start the Approval Process
Choose Your Loan & Apply Now!
Let’s get you on the road. Call 800-277-8793 or fill out the form below.
Tiffiny John
Vice President of Consumer Lending
MTC Federal Credit Union
NMLS#: 420330
Tiffiny John serves as VP of Consumer Lending at MTC Federal and brings more than two decades of experience helping individuals make confident borrowing decisions. With deep expertise in credit analysis, consumer lending, and financial education, Tiffiny is passionate about helping members understand how credit works and how smart lending strategies can support their long-term financial success. She regularly shares practical insights on topics such as improving credit, managing debt, and making informed loan decisions.
Member Review
4.8 · 61 Google reviews
MTC Federal is the gold star in credit unions. I have received kindness, understanding and respect in a few difficult times during my many years here and they have always gone above and beyond to assist me in reaching all of my financial goals. They never treated me like an account number. They ALWAYS treat their customers as people FIRST and foremost - that is so hard to find now! They've created a forever loyal customer here, and if you're looking for a credit union that will go the extra mile....look no further.
Amy G
Greenville, SC
What to Know
Smart Car Buying Tips from Our Lending Team
Get Pre-Approved First
Knowing your budget before you visit the dealership gives you a stronger negotiating position and prevents surprises.
Research Fair Market Value
Use resources like Kelley Blue Book or our AutoSMART™ tools to know what the vehicle is worth before negotiating.
Check Your Credit Report
Review your credit report for error before applying. Fixing inaccuracies can improve your rate and save you money.
Compare Total Cost, Not Monthly
A lower monthly payment on a longer term can mean more interest paid overall. Always look at the total cost of the loan.
Consider GAP Insurance
If your vehicle is totalled, GAP insurance covers the difference between what you owe and what insurance pays out.
Talk to Your Credit Union First
Before accepting dealer financing, check with MTC Federal, our rates are typically 1-2% lower than dealer offers.
Content reviewed by MTC Federal lending team. Last updated May 2026.
The Vehicle Loan Process
From Application to Keys in Hand
Expert Insight
Speak with a lending expert at MTC Federal to get started.
Get Approved
Most applications receive a decision within one business day. A loan officer will reach out with your options.
Shop with Confidence
Visit the dealership knowing your budget. Your pre-approval gives you negotiating power.
Drive Away
Close your loan and hit the road. Remember, your first payment isn’t due for 90 days.
COMMON QUESTIONS
FAQs About Vehicle Loans
Your APR depends on several factors, including credit history, loan term, and the vehicle you’re financing. Rates can change and may differ from the lowest rate shown. For the latest information and representative examples by term, see our current Loan Rates page, or speak with a loan officer.
Yes—credit union loans are provided to members. If you’re not yet a member, you can apply for a vehicle loan, and your loan officer will include a membership with your loan package. Eligibility includes multiple pathways (employees/contractors of partnering organizations, family relationships, and community residence). We’ll help you complete both the membership and loan applications together if needed.
Yes. You can apply online or at a branch for a pre-approval. This helps you shop with a budget and compare offers. If you’re comparing multiple loan quotes, the Consumer Financial Protection Bureau notes that rate-shopping within a focused window generally has little impact on your credit.
We offer flexible terms – commonly 24 to 84 months for new and used vehicles – so you can choose a payment that fits your budget. Actual terms depend on credit qualifications and vehicle details. Check our New and Used Vehicle pages for current term options.
Yes. Members can refinance to seek a lower payment or better fit. Start online or visit a branch and we’ll review your current payoff, term, and vehicle information to see what’s possible.
Your loan agreement discloses whether any prepayment penalty applies. Many consumers prefer loans with no penalty; if a penalty exists, the Consumer Financial Protection Bureau (CFPB) advises asking the lender whether it can be removed. We’re happy to review your contract details with you.
Eligible members may be able to Skip-a-Payment on certain loan types during specific months (for example, via the Member Perks program). Availability and eligibility vary—log in to Digital Banking or contact us to review your options.
Member-First Benefits
Our member service representatives are standing by each business day to answer your questions and help you take advantage of these benefits.
Skip-a-Payment Plan
Giving back gives back to you. Skip a monthly loan payment and use the funds however you need. Restrictions apply — contact us for details.
Deferred Payment Offer
Skip up to 3 payments by deferring your loan payment for 90 days when you finance or refinance your vehicle with MTC Federal.
Member Protection
Protect your investment with discounted GAP insurance and vehicle protection products available exclusively to MTC Federal members.