Auto Loans
Buying a new vehicle is a great way to improve your quality of life and make commuting much more enjoyable. However, when you are in the market for a new vehicle, you may be worried about the potential financial costs involved. Luckily, Oahe Federal Credit Union offers pre-approval for those interested in a vehicle loan. This process gives members an edge over those in the general market and ensures that you get the best terms and rate available. Not only is pre-approval beneficial because you will know your maximum spending limits before you shop, but also because it will give you negotiating power when visiting dealerships. With the assurance that the credit union has already approved your loan, you will be in a stronger position to find the right vehicle at the right price.
Additionally, Oahe Federal Credit Union offers other services such as free rate locks, extended loan terms and payment protection that give members an even greater sense of security and convenience. With the credit union’s loan and other services, buying a new vehicle becomes more achievable than ever.
At Oahe Federal Credit Union, we believe that everyone should have the opportunity to buy the vehicle of their dreams. That’s why we offer pre-approval and our other services to ensure that all our members get the best rate and terms available. So don’t hesitate – get pre-approved today and drive off in the car you deserve!
Apply Online
For verification of income please include your most recent 2 paycheck stubs or your most recent W2 with your credit application. There is also a $30.00 loan processing fee at the time of each loan advance request.
Rate Match
Did you or can you get a lower rate at another financial institution? No problem! We can MATCH their rate! Floor rate does apply and is only available on collateralized loans. Help keep it local!
For verification of income please include your 2 most recent paycheck stubs or your most recent W2 with your credit application. There is also a $30.00 loan processing fee at the time of each loan advance request.
Auto Loan Rates
APR = Annual Percentage Rate
2024- 2022 NEW & NEARLY NEW
| Beacon Score: # of Years |
760+ Tier 1 APR |
759-720 Tier 2 APR |
719-680 Tier 3 APR |
679-640 Tier 4 APR |
639-600 Tier 5 APR |
599 > Tier 6 APR |
|---|---|---|---|---|---|---|
| 2 yr | <6.00% | 6.25% | 7.00% | 7.55% | 9.%70 | 12.70% |
| 3 yr | 6.05% | 6.30% | 7.05% | 8.30% | 9.8%0 | 12.80% |
| 4 yr | 6.10% | 6.35% | 7.10% | 8.35% | 9.90% | 12.90% |
| 5 yr | <6.20% | 6.45% | 7.15% | 8.45% | 10.00% | 13.00% |
| 5 1/2 year | 6.25% | 6.70% | 7.20% | 8.60% | 10.10% | 13.10% |
| 6 yr | 6.25% | 6.70% | 7.20% | 8.70% | 10.20% | 13.20% |
| 6 1/2 yr | 6.65% | 6.90% | 7.40% | 8.80% | 10.30% | 13.30% |
| 7 yr (25,000.00- over) | 7.00% | 7.05% | 8.75% | 9.70% | 11.30% | 14.30% |
2021-2019
| Beacon Score: # of Years |
760+ Tier 1 APR |
759 – 720 Tier 2 APR |
719 – 680 Tier 3 APR |
679 – 640 Tier 4 APR |
639 – 600 Tier 5 APR |
599 > Tier 6 APR |
|---|---|---|---|---|---|---|
| 2 yr | 6.60% | 6.85% | 7.60% | 8.85% | 10.45% | 13.45% |
| 3 yr | 6.70% | 6.95% | 7.70% | 8.95% | 10.55% | 13.55% |
| 4 yr | 6.75% | 7.00% | 7.75% | 9.05% | 10.65% | 13.65% |
| 5 yr | 6.80% | 7.05% | 7.80% | 9.25% | 10.75% | 13.75% |
| 5 1/2 yr | <7.00% | 7.25% | 8.00% | 9.35% | 10.85% | 13.85% |
| 6 yr | 7.10% | 7.35% | 8.10% | 9.45% | 10.95% | 13.95% |
| 6 1/2 yr (2020 only) | 7.50% | 7.75% | 8.50% | 9.95% | 11.05% | 14.05% |
2018- 2017
| Beacon Score: # of Years |
760+ Tier 1 APR |
759 – 720 Tier 2 APR |
719 – 680 Tier 3 APR |
679 – 640 Tier 4 APR |
639 – 600 Tier 5 APR |
599 > Tier 6 APR |
|---|---|---|---|---|---|---|
| 2 yr | 7.10% | 7.35% | 8.10% | 9.35% | 11.40% | 14.40% |
| 3 yr | 7.25% | 7.50% | 8.25% | 9.50% | 11.4%5 | 14.45% |
| 4 yr | 7.30% | 7.55% | 8.30% | 9.55% | 11.50% | 14.50% |
| 5 yr | 7.40% | 7.65% | 8.40% | 9.65% | 11.75% | 14.75% |
| 5 1/2 yr | 7.90% | 8.25% | 8.90% | 10.15% | 11.85% | 14.85% |
| Beacon Score: # of Years |
760+ Tier 1 APR |
759 – 720 Tier 2 APR |
719 – 680 Tier 3 APR |
679 – 640 Tier 4 APR |
639 – 600 Tier 5 APR |
599 > Tier 6 APR |
|---|---|---|---|---|---|---|
| 4 yr | 7.75% | 8.00% | 8.55% | 10.55% | 13.55% | 16.55% |
| 5 yr | 7.80% | 8.05% | 8.60 | 10.60% | 13.60% | 16.60% |
**Rates above include a ½% discount for payroll deduction or automatic payment from an active share draft (checking) account with us.
Rates above apply on applicants borrowing 115%, not to exceed 115% of sticker price or 115% of NADA Book Value. GAP insurance will be required for any loans over 100% and are subject to approval.
If you had a bankruptcy that shows up on your credit file you will be charged a 1% higher rate than shown above depending on your credit score unless you re-affirmed your prior debt with us.
Rates are subject to change.
*Did you or can you get a lower rate at another financial institution? No problem! We can MATCH their rate! Floor rate does apply and this is only available on collateralize loans. Help keep it local! Please call Julia or Jaymason for details at (605) 224-6264.*