Auto Loans
Finance Your New or Used Vehicle with Confidence
Purchasing a new or used car, truck, or motorcycle is an important decision — one that deserves a financing partner you can trust.
At 1st University Credit Union, we offer competitive auto loan rates, flexible terms, and clear guidance every step of the way. Our experienced team is here to ensure your financing process is smooth, efficient, and tailored to your needs.
Why Choose 1st University Credit Union for Your Auto Loan:
Competitive Rates: Designed to keep your payments affordable.
Fast Approvals: Get a quick decision so you can shop with confidence.
Flexible Terms: Financing options that fit your budget and timeline.
Local Service: Decisions made right here by people who know you.
Optional Protection Products: Affordable GAP coverage, credit life, credit disability, and vehicle maintenance plans to help safeguard your investment and your budget.
Apply for an auto loan or contact us to speak with a loan professional today. Together, we’ll get you on the road with a loan that’s right for you.
Considering Refinancing Your Current Loan?
If your credit score has improved or market rates have dropped since you purchased your vehicle, refinancing¹ with 1st University Credit Union may save you money by lowering your interest rate, reducing your monthly payment, or both.
Benefits of Refinancing with Us:
Lower Your Interest Rate: Save money over the life of your loan.
Reduce Your Monthly Payment: Free up room in your budget.
Flexible Terms: Choose a repayment plan that fits your financial goals.
Request a refinance review to see if you qualify. Our lending team will walk you through your options and help you decide if refinancing makes sense for your budget.
1: Current 1st University Auto Loans are not subject to refinancing.
Protect Your Vehicle. Protect Your Budget
Life is unpredictable, but your auto financing doesn’t have to be. We offer optional protection products to give you peace of mind and keep your budget on track:
GAP (Guaranteed Asset Protection): Covers the difference between what your insurance pays and what you owe if your vehicle is totaled or stolen. Learn more.
Vehicle Maintenance Plans: Help manage the cost of routine service and unexpected repairs. Learn more.
Credit Life & Credit Disability: Protect your family’s finances by covering your loan payments in case of death or disability.
These protections are affordable when purchased through 1st University Credit Union and can be added with little to no impact on your monthly payment.
Want more help as you shop for a vehicle?
Check out our Car Buying Tips for advice on budgeting, evaluating ownership costs, what to inspect in a test drive, and more.
FAQs
Still have questions? We know financing a vehicle is a big decision, and we want you to feel confident every step of the way. Here are answers to some of the most common questions we hear from members — so you can make your decision with clarity and peace of mind.
What factors really determine my auto loan rate?
Your interest rate is based on several factors, including your credit score, the amount you want to borrow, the age of your vehicle, and the length of your loan term. We may also consider your relationship with the credit union. Our goal is always to help you qualify for the lowest rate you’re eligible for and make sure your loan fits comfortably into your budget.
How fast can I get approved and funded?
Our online application only takes a few minutes, and most members get approvals within 1 business day. Once approved, we work quickly to finalize your loan and send funds. Whether you’re buying from a dealership, a private seller, or refinancing an existing loan, we’ll guide you through each step to make the process smooth and stress-free.
How do I know if refinancing my auto loan will save me money?
Start by comparing your current loan’s interest rate, monthly payment, and remaining term with what we can offer. At 1st University Credit Union, we look at your credit score, vehicle value, and payoff amount to see if we can lower your rate and/or extend your term to reduce your monthly payment. Our team can run the numbers for you so you can see exactly how much you’ll save over the life of your loan before you decide.
Do I need to be a member to apply?
No, anyone can apply for an auto loan! If your loan is approved and funded, we’ll simply open a membership account for you at the same time. It’s quick, easy, and means you can start enjoying all the benefits of being a 1st University Credit Union member right away.
Ready to Get Started?
Apply online in minutes or connect with one of our loan professionals today. And drive away with financing that fits your budget and your goals.
Auto and Motorcycle Loan Rates
| Type | Term up to | APR* as low as |
|---|---|---|
| New Auto | 48 months | 5.55% |
| -- | 60 months | 5.65% |
| -- | 72 months¹ | 5.95% |
| -- | 84 months¹ | 5.95% |
| Used Auto Secured on Models up to 5 Years Old $15,000.00 or Less |
36 months | 5.75% |
| -- | 60 months | 5.75% |
| Used Auto Secured on Models up to 5 Years Old $15,000.00 or More |
36 months | 5.75% |
| -- | 60 months | 5.75% |
| -- | 72 months¹ | 6.00% |
| Used Auto Secured on Models older than 5 years |
48 months | 8.50% |
| Motorcycles | 48 months | 9.25% |
| -- | 60 months | 9.75% |
1: Conditions apply
*APR=Annual Percentage Rate. Rates vary and are based on the creditworthiness of the borrower(s), the amount you borrow, the age of your vehicle, and the length of the loan.
Rates and terms are effective August 22, 2025, are subject to change, and are based on credit qualification.
GAP Plus Protection
GAP PLUS PROTECTS YOU WHEN YOU NEED IT MOST – WHEN YOUR VEHICLE IS DECLARED A TOTAL LOSS OR IS STOLEN AND NOT RECOVERED.
It pays the difference between your primary auto insurance settlement and the unpaid net balance of your loan. GAP will even cover your primary auto insurance deductible, up to $1,000.00, and is available for both new and used vehicles. Also, with GAP Plus Protection, if your vehicle is declared a total loss or is stolen and not recovered, and you finance your replacement vehicle with 1st University Credit Union, within 90 days, you will receive a $1,000.00 credit towards the replacement vehicle. GAP Plus can be added to new or used vehicle loans, at any time! So call the Credit Union to add this valuable protection today!
Vehicle Service Contract
YOUR VEHICLE IS NOT ONLY AN INVESTMENT, IT’S YOUR TRANSPORTATION LIFELINE.
Our VSC (Vehicle Service Contract) plans, provide you the peace of mind knowing your investment is protected. With over 13,000 mechanical parts that can break down on a vehicle, repair bills can be costly. With our comprehensive VSC plans you will avoid these expensive repairs to your vehicle. You choose the repair facility of your choice and all plans include: Roadside Assistance, Rental Car Assistance, Tire Protection, and Trip Interruption. Our prices are usually hundreds of dollars less than the dealerships and provide the same, or better coverage. Coverage is available on most vehicles, with unlimited miles currently on your vehicle, and can be added at any time, so you are eligible.
Ready to finance your next vehicle with confidence? At 1st University Credit Union, we offer competitive rates, fast approvals, and flexible loan options for new and used cars, trucks, and motorcycles. You’ll get personalized service and honest guidance from a team that understands the Central Texas market. Based in Waco, we proudly serve McLennan, Erath, and Bosque counties.
Helping You Do Life — one ride at a time.