The Holiday Loan is back with rates as low as 7.99% APR * Click here for more info!

Vehicle Loans

Members Plus offers competitive rates on both new and used vehicle loans, including those for boats, motorcycles and recreational vehicles!

Apply for your New or Used Auto Loan today or call 781-905-1500. We make it easy!

Not a member, not a problem. Click here to apply. We offer all the products and services of a big bank without the big bank fees!

New Auto – Rates as low as 1.75% APR*

At Members Plus Credit Union, we will make sure to fit you into the right auto loan that is affordable for you. We offer low rates, convenient terms, and financing up to 100% of the National Automobile Dealer Association (NADA) retail value. A vehicle qualifies for a new loan if it is a current or previous model year that has been driven less than 2,500 miles.

  • Terms up to 6 years; 7 years may be granted for loans in excess of $40,000.
  • Weekly, biweekly or monthly payment options
  • Payments can be made through automatic payment transfer from your savings or checking account, or by using coupon books.
  • Pre-approvals available
  • Low-cost disability insurance and life insurance (optional)

 


Used Auto – Rates as low as 2.24% APR**

Looking for a used car? Start with Members Plus! We offer low rates, convenient terms, and financing up to 100% of the National Automobile Dealer Association (NADA) retail value. A vehicle qualifies for a used loan if it is a model year listed in the current edition of the regular NADA Used Auto Valuation Guide.

    • Weekly, biweekly or monthly payment options
    • Payments can be made through automatic transfer from your savings or checking account, or by using coupon books.
    • Pre-approvals available
    • Low-cost disability insurance and life insurance (optional)

Apply for your Used Auto Loan today or call 781-905-1500.
Not a member, not a problem! Click here to apply.

 

 

*APR = Annual Percentage Rate. 1.75% APR is for a new car with terms up to 36 months and requires monthly payments of $28.53 per $1000 borrowed. **2.24% APR is for model years 2011-2017 with terms up to 36 months and requires monthly payments of $28.75 per $1000 borrowed. Other rates and terms are available. APRs are based upon member’s credit score, risk analysis and a discounted rate. To qualify for discounted rate, member must have direct deposit with Members Plus Credit Union (MPCU) and automatic payment transfer from an MPCU checking account. Rates listed above reflect excellent credit scores. Rates effective 07/01/16 and subject to change without notice. Membership requires a $25 deposit in a share/savings account.

New Cars

Name Term (in months) APR**(As Low As) Cost Per Thousand***
2-Year Term 0-24 1.75% $42.43
3-Year Term 0-36 1.75% $28.53
4-Year Term 0-48 2.00% $21.70
5-Year Term 0-60 2.25% $17.64
6-Year Term 0-72 2.50% $14.97
For loans > $40K 0-84 2.75% $13.10

Used Cars

Name Term (in months) APR**(As Low As) Cost Per Thousand***
2014-2017 0 - 72 2.99% $15.20
2013-2017 0 - 60 2.74% $17.86
2011-2017 0 - 48 2.49% $21.92
2011-2017 0 - 36 2.24% $28.75
2010 and older 0 - 36 2.99% $29.08

Motorcycle

Name Term (in months) APR**(As Low As) Cost Per Thousand***
3-Year Term 0-36 2.74 $28.97
4-Year Term 0-48 2.99 $22.14
5-Year Term 0-60 3.24 $18.08

Boat and Recreational Vehicle Loans

Name Term (in months) APR**(As Low As) Cost Per Thousand***
New Recreational Vehicle 0 - 60 7.24% $19.93
Used Recreational Vehicle 0 - 36 8.24% $31.46
**APR = Annual Percentage Rate.
***Payments listed above do not reflect life and disability insurance. Rates effective September 7, 2017 and are subject to change without notice.
** Please note that these rates reflect Decision Pricing and the Discounted Rate on the Consumer Loans. The APR you receive is based on your credit worthiness and risk analysis. To qualify for the discounted rate you must have payroll deposit with Members Plus Credit Union and automatic payment transfer from a Members Plus Credit Union checking account.

Attention

Please be advised that you are now leaving memberspluscu.org and you will no longer be subject to, or under the protection of, the privacy and security policies of Members Plus Credit Union's website. Members Plus is not responsible for the content or availability of linked sites.

You will be redirected to

Click the link above to continue or CANCEL