Home / Personal / Borrowing / Vehicles /
Auto Loans in Michigan
What Drives You?
Our rates are some of the lowest in the state. Whether you’re purchasing brand new or looking to buy out a lease, we have options.
Auto Loans '22 – '26
Rates valid for New & Used Autos (Model years 2022-2026)
Term |
APR*
as low as |
|---|---|
| 12 – 60 months | 4.74% |
| 61 – 75 months | $15,000 & over | 5.24% |
| 76 – 84 months | $30,000 & over | 5.49% |
*APR = Annual Percentage Rate. Rates shown are the best available, are based on credit history, are available only on loans not already financed with Christian Financial and subject to change without notice. Rates listed are based on automatic loan payment. For example, for a loan of $20,000 at 60 months with an interest rate of 4.74% APR, the payment will be $375.05. Loans requested for more than 105% of collateral value may be subject to a higher rate of interest. Members refinancing existing Christian Financial Credit Union loans are subject to a higher rate of interest. Please see a Christian Financial Service Representative for full details.
Auto Loans '16 – '21
Rates valid for Used Autos (Model years 2016 – 2021)
Term |
APR*
as low as |
|---|---|
| 12 – 60 months | 4.74% |
| 61 – 75 months | $15,000 & over | 5.24% |
| 76 – 84 months | $30,000 & over | 5.49% |
*APR = Annual Percentage Rate. Rates shown are the best available, are based on credit history, are available only on loans not already financed with Christian Financial and subject to change without notice. Rates listed are based on automatic loan payment. For example, for a loan of $20,000 at 60 months with an interest rate of 4.74% APR, the payment will be $375.05. Loans requested for more than 105% of collateral value may be subject to a higher rate of interest. Members refinancing existing Christian Financial Credit Union loans are subject to a higher rate of interest. Please see a Christian Financial Service Representative for full details.
Auto Rates – up to '15
Rates valid for Used Autos (Model years 2015 and older)
Term |
APR*
as low as |
|---|---|
| 12 – 60 months | 8.99% |
*APR = Annual Percentage Rate. Rates shown are the best available, are based on credit history, are available only on loans not already financed with Christian Financial and subject to change without notice. Rates listed are based on automatic loan payment. For example, for a loan of $20,000 at 60 months with an interest rate of 8.99% APR, the payment will be $415.07. Loans requested for more than 105% of collateral value may be subject to a higher rate of interest. Members refinancing existing Christian Financial Credit Union loans are subject to a higher rate of interest. Please see a Christian Financial Service Representative for full details.
Explore your affordable vehicle options
Car Loan Extra Features
Gas up your new loan with these to get even more from your relationship with us.
Apply Online
Apply online, in 5 minutes or less!
Set it & Forget It
Set up automatic loan payment and save on your rate!
Skip the Trip
Close on your loan digitally through Docusign.
Life Happens
Protect your loan in cases of mechanical failure, a total loss, personal disability, hospitalization and job loss.
Make Payments with Ease
Make a loan payment easily through Digital Banking, even from other banks.
Auto Loan Related Products
TruStage Auto Insurance
Your credit union membership could result in some nice savings with our partner TruStage. They offer discounted rates exclusively for credit union members, with online services, and 24/7 claims service. Get your free quote today or call 1-855-483-2149.
Want to Chat?
We're here anytime you need us.
Reviews
Don't take our word for it!
“I recently applied for an auto loan and was approved. This credit union made the process easier without all the hassle at other financial institutions. The MOST important thing about CFCU is that they believe in their members and don’t focus on past credit mistakes.”
“I purchased a new car recently and Christian Financial had the best loan rates. The entire loan experience was first class. Loan officer was prompt, communicated plenty with me and the entire process was great. Clean, well designed bank centers with very nice staff – fully impressed.
“CFCU has very competitive loan rates and great customer service, and their financial services representatives are very friendly!”
Frequently Asked Questions (FAQ's)
How are Christian Financial's Auto Loan Rates?
Christian Financial has some of the most competitive auto loan rates in Michigan. Check out our rates page and see our current auto loan rates!
Can I Refinance My Current Auto Loan that's Financed with Another Financial Institution?
Yes! We would be happy to review your current loan terms to see if an auto loan refinance with Christian Financial makes sense for your situation. An auto refinance could save you money on interest over the life of your loan and reduce your payment, in some cases.
What Type of Terms do You Offer?
Auto loan terms typically range from 36 months (3 years) to 72 months (6 years). At Christian Financial, loan terms can extend up to 84 months (7 years); depending on the age of the vehicle and amount financed.
There is no penalty for paying off your loan early. If you’re able to contribute extra toward your payments, you can pay off your loan faster and reduce the total amount of interest you pay over the life of the loan.
Do I Need Good Credit To Apply?
Christian Financial uses several different factors when determining approvals on loan applications. You do not need a specific credit score to apply or be approved for a loan; however, credit history and repayment history are important factors in the decisioning process.
How Long Should My Term Be?
There’s no single right answer when it comes to choosing your loan term (the amount of time you take to pay it back). It really depends on your goals, budget and amount financed.
A helpful rule of thumb is:
- Shorter terms mean higher monthly payments, but you’ll pay less interest overall.
- Longer terms mean lower monthly payments, but you’ll end up paying more in total interest over the life of the loan.
Choosing the right term is all about balancing what you can comfortably afford each month with how much you want to pay in interest over time.
Are There Prepayment Penalties?
There are no prepayment penalties on any loans with Christian Financial. You have the flexibility to:
- Make principal-only payments without penalty
- Pay off your loan early without any fees or penalties
This gives you the freedom to reduce your balance faster and save on interest without any added cost.
Will My Collateral Qualify?
During the application process, your loan officer will request information about the vehicle you have selected. The age of the vehicle and mileage may be factors in determining financing of your vehicle.
Please note that some vehicles may not qualify for financing, and eligibility can vary based on additional factors.
Can I Finance a Salvaged/Rebuilt Vehicle?
We do not finance rebuilt, salvaged, water damaged, lemon law, total loss, or odometer fraud vehicles.
*APR = Annual Percentage Rate. Rates shown are the best available, are based on credit history, are available only on loans not already financed with Christian Financial and subject to change without notice. Rates listed are based on automatic loan payment. Loans requested for more than 105% of collateral value may be subject to a higher rate of interest. For example, for a loan of $30,000 at 6.24% APR for a 72 month term would have a payment of $501.30. Members refinancing existing Christian Financial loans are subject to a higher rate of interest. Please contact us for full details.
Connect with us!
