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Auto Loans

Where will an MIT FCU auto loan take you?

An auto loan from MIT FCU provides the confidence needed to get the deal you want. You'll know your rate and term ahead of time and can negotiate with all the facts in mind. You're in charge when it comes to financing a new*** or used vehicle.

Get the ride you want with rates you'll love

Apply Now



What We Offer


Low fixed-rate/term

We offer competitive rates and terms based on your credit score. Apply now and save.


APR Discounts

Automatically qualify for APR discounts when you set up automatic loan payments.


Additional Benefits

  • 100% financing may be available
  • No service fees or prepayment penalty




TruStage partners with MIT FCU to offer great prices on insurance options. Receive a free online quote today.


GAP Coverage

Guaranteed Asset Protection Coverage from our partner, MEMBER'S CHOICE®, pays the difference between your insurance settlement & auto loan's outstanding balance if your car is stolen or totaled.

Auto Loans
Effective Date: Thursday, June 13th, 2024
Type of LoanTermAPR*Payment/$1000
New/Used Auto Up to 36 Months 7.25% $30.99
New/Used Auto 48 Months 7.50% $24.18
New/Used Auto 60 Months 7.75% $20.16
New/Used Auto 72 Months 8.25% $17.66
New/Used Auto 84 Months 9.25% $16.22
New/Used Mobility Vehicle Loan 36 Month 7.25% $30.99
New/Used Mobility Vehicle Loan 48 Month 7.50% $24.18
New/Used Mobility Vehicle Loan 60 Month 7.75% $20.16
New/Used Mobility Vehicle Loan 72 Month 8.25% $17.66
New/Used Mobility Vehicle Loan 84 Month 9.25% $16.22
New/Used Mobility Vehicle Loan 96 Month 10.25% $15.32


Auto Buying Center - The Answers to All Your Car-Buying Questions


Search for Your Vehicle

CUDL AutoSMART - Search for vehicles from existing stock at nearby dealerships

Kelley Blue Book - Price vehicles to buy and research your car's trade-in value


New Vehicle Resources

AutoVantage - Provides 24-hour roadside assistance nationwide

Edmunds - Upfront pricing on new and new-to-you vehicles

Car and Driver - The latest from a leading automotive resource

Used Vehicle Resources

National Automobile Dealers Association - Reliable pricing and information on all types of vehicles

AutoTrader - Research and locate vehicles near and far


*APR = Annual Percentage Rate. Rate disclosed is based on a highly qualified credit candidate. Rates may vary based on individual creditworthiness. Rates are valid as of 6/13/2024 and are subject to change without notice.

**Automatic loan payments qualifies you for a 0.25% APR reduction, with the exception of the Tuition Assistance Loan. All Personal, Student, Auto, Motorcycle, Trailer, Boat, and RV loans are eligible for an ANNUAL PERCENTAGE RATE reduction of 0.25%. 
MIT FCU does not charge for the autopay service.
Discontinuing autopay will result in the loss of promotional 0.25% ANNUAL PERCENTAGE RATE reduction. Any increase in the ANNUAL PERCENTAGE RATE will result in an increase of remaining payments. For example, if Your loan was for $10,000 at 6.4% for 5 years, and the rate increased by 0.25% after 12 months, Your payment would increase by $0.95.

For the life of the loan this offer will never expire. However, the promotion may end at anytime and without notice.

***Only new auto loans offer a term of up to 84 months, all other auto loans have a maximum term of 72 months. A new car is defined as a current or previous year’s model with 8,000 miles or less.

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