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Get a great deal on a new car and save money doing it! (*Rates as low as 2.25%)

It's prime time to purchase that new vehicle you've got your eye on. In fact, according to personal finance advisor, Ramit Sethi, January and February are often the slowest months of the year for car dealers? That's why it's one of the best times to land a great deal on new or used vehicles.

But, there's more to getting a good deal than simply timing. You want to negotiate your deal well. The smartest way to do that is to get preapproved for a car loan before you ever set foot in a car dealership.

Preapprovals can help you:

  • Budget accurately
  • Speed up the process
  • Avoid last minute negotiations for financing and focus on price (you may also avoid hidden fees and expenses combined with your payment)

A preapproval from MIT FCU may be the bargaining chip you need: 

  • Lock in fixed rates as low as 2.25%*
  • Defer your first payment and get a little breathing room!**
  • Various terms available, up to 84 months
  • Fast and easy online preapproval  - have your response in just minutes

Get Preapproved Today!


Helpful Resources

Auto Loan Calculators
Use our handy suite of financial calculators to run the numbers and figure out what you can afford and what makes the most sense for you.

Money Talk Blog
Check out our newest blog article for the ins and outs of purchasing a car during the pandemic.


*APR = Annual Percentage Rate. Smart Money Rewards membership with automatic payments qualifies you for a 0.25% APR reduction.

**Deferral of the first monthly payment is available to all borrowers approved for an auto loan on or after 2/1/2021. Deferral is optional at the borrower’s discretion and must be elected prior to loan closing. Interest accrues from the date of closing and the deferred payment will extend the life and cost of the loan due to the increased amortization period. Payment example for a 5.00% Annual Percentage Rate (APR) loan with a deferred payment is 48 monthly payments of $23.13 per $1,000 borrowed. Payment example for a 5.00% Annual Percentage Rate (APR) loan without a deferred payment is 48 monthly payments of $23.03 per $1,000 borrowed. This offer may be discontinued at any time without prior notice.

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