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Don't miss out on this great offer for a new or used Auto Loan!

Why pay more than you have to?

As an MIT Federal Credit Union member, you could save thousands by financing (or refinancing) your vehicle with us. Plus, you're prequalified! 

Car shopping?

We're here to help you get more car for your money! With your prequalified loan, you'll have the negotiating power of a cash buyer. Buy with confidence, knowing what your rate and payments will be.

Already bought a car?

It costs nothing to find out if your prequalified loan will provide a lower monthly payment.

We're here to help you find the best rate and payment for you.

  • Competitive rates
  • Up to 60 months
  • Additional rates and terms available

Complete auto financing may be available including taxes and fees. Ask us!

Auto Loans
Effective Date: Tuesday, October 4th, 2022
Type of LoanTermAPR*Payment/$1000
New Auto Up to 60 Months 3.50% $18.20
New Auto 61-84 Months*** 4.00% $13.68
Used Auto Up to 60 Months 3.50% $18.20
Used Auto 61-72 Months 4.00% $13.68

You may choose to stop receiving "prescreened" credit offers by calling toll-free 1-888-567-8688. See "Prescreen & Opt-out Notice" below for more information.

This prescreened offer of credit is based on information in your credit report indicating that you meet certain criteria. This offer is not guaranteed. If you do not want to receive prescreened offers from this and other companies, call the consumer reporting agencies toll free at 888.5.OPTOUT (888.567.8688) or write: Equifax Options, P.O. Box 740123, Atlanta, GA 30374-0123; TransUnion, Opt Out Request, P.O. Box 505, Woodlyn, PA 19094-0505; Experian, Consumer Opt Out, P.O. Box 919, Allen, TX 75013-0919.

Prescreen information from a credit file was evaluated and satisfied to provide this loan offer. Credit may not be extended if, after the consumer responds, it is determined that the consumer does not meet the criteria used for screening or criteria bearing on credit worthiness or insurability, or the consumer does not furnish required collateral. Approval may require proof of ability to repay the loan. If the loan is approved, the terms of the loan will be available and will not change for 30 days except as a result of adjustments to the interest rate and other changes permitted by law. ¹APR: Annual Percentage Rate. Rates and terms based on credit criteria. Credit restrictions apply. Existing MIT FCU loans are not eligible for refinance. Payment Example: $10,000 Loan Amount for 60 months at 2.99%APR = estimated monthly payment of $179.64. Not valid with any other offer. The rate quoted includes a .25% discount with Smart Money Rewards. The Smart Money Rewards rate requires Smart Money Rewards membership with the automatic payment method of repayment. If you discontinue Smart Money Rewards during the term of the payments, your discounted rate will no longer be valid and it will revert back to the prevailing rate at the time of the loan open date. To qualify for Smart Money Rewards, we must receive your net pay, pension, or Social Security via direct deposit in excess of $100. If at any time your Checking Account is closed or becomes inactive (zero transaction[s] within the past 90 days or direct deposit is cancelled), the rate will be increased by 0.25%. Direct deposit must be set up within 90 days of loan closing date. One or more direct deposits must post and clear to the checking account within each monthly statement cycle. The ANNUAL PERCENTAGE RATE will increase by .25% during the term of the loan if you discontinue Smart Money Rewards (SMR). Any increase in the ANNUAL PERCENTAGE RATE will result in an increase of .25% for the remaining term.

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