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Auto Loans

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Get In The Driver's Seat

Michigan Educational Credit Union offers some of the best new and used auto loan rates available anywhere. You can even get pre-approved for your loan before you shop. That way you'll know how much you can afford, putting you in a better position to negotiate at the dealership.

Our auto loans feature:

GAP insurance now available!  Click here for details.

GAP Disclosure

MECU also finances motorcycles, boats, RVs, personal watercraft and snowmobiles.

2020 - 1995 Automobiles (100% Financed)
Effective Date: 03/01/2020
Year FromYear ToTermAPR* as low as
2020 2016 Up to 60 Months 2.99%
2020 2016 72 Months** 3.24%
2020 2016 84 Months** 3.74%
2015 2013 Up to 60 Months 3.49%
2012 1995 Up to 48 Months 5.49%

College Grad Discount - 2018 and 2019 graduates can save .25% off MECU's current 2020s/2019s auto loan rates.

Classic Cars (25 years and older)
As low as 7.50% - 36 months 7.50% - 48 months (minimum $10,000)

Payment example: $20,000 loan with a 72 month term at 3.74% APR would be $311/month.
*Annual Percentage Rate. Rates includes a .25% discount for direct deposit and may vary based on credit history.
**Minimum $25,000.00 for 84 month term, Minimum $10,000 for 72 month term
Please call the Credit Union for the most current rates and more details. Rates are subject to change at any time without notice.

 

 

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