Car, Truck & SUV Loans
Got your eyes on something sleek and stylish? Or something simple to get you around town? Whether your vehicle tastes veer toward pulse-racing or practical, we have the best loan for you.
Shift your car-shopping into overdrive
With auto loan rates well below the national average‡ of 6.80% APR new and 11.00% APR used, we can help you get the most car for your money. Turn to MSGCU for your next auto purchase—we’re your financial champion.
- Competitive rates as low as 5.74% APR* for new and used vehicles
- Easy application with quick approval and no fees
- Repayment terms up to 84 months
We can even pre-approve your loan, giving you added negotiating power at the dealership. And after you close the deal, Michigan Schools and Government Credit Union can help you protect your investment. GAP insurance can help pay off your loan if your vehicle is stolen and not recovered, or totaled in an accident. Another option is Mechanical Repair Coverage. For more information and a quote, call 866-674-2848.
Thinking about refinancing your vehicle? Bring us your auto loan, and we'll bring you our best rate. It's our Auto Rate Pledge to you.
| Car Loan, Truck Loan, or SUV Loan | |
| Model Years | APR* as low as |
| 2016 & Newer | 5.74% |
| 2011 to 2015 | 6.49% |
| 2010 & Older | 8.99% |
Example: A loan amount of $20,000 with a rate as low as 5.74% APR for 60 months would have an approximate monthly payment of $384.26. | |
*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 84 months, depending on model year. APR may be higher, based on term of loan, credit score, collateral, and loan to value. 76-84 month loans require a minimum of $20,000 to finance. New money only. Rates are subject to change at any time. Same-day approval on most vehicle applications. Contact Member Service Representative for more details. | |
Interested in learning more about car loans? Check out this 5-minute lesson.
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*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 84 months, depending on model year. APR may be higher, based on term of loan, credit score, collateral, and loan to value. New money only. Rates are subject to change at any time. Same-day approval on most vehicle applications. Review complete rates and terms.
‡Edmunds 2024: Car Loan Rates (APR) in the U.S. for Used and New Cars; https://www.edmunds.com/car-loan-apr-interest-rate.