Enjoy highly competitive APRs from a local, not-for-profit financial institution.
Receive a special interest rate discount for financing a qualifying fuel-efficient vehicle.
Apply online easily and shop with the confidence of knowing your financing is secured.
Proudly serving our communities across the Lower Peninsula of Michigan.
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Joining the Consumers Family: Michigan Membership+
Consumers Credit Union is a community-focused institution, and our membership is open to anyone who lives, works, or worships anywhere in the Lower Peninsula of Michigan. If you meet this requirement, becoming a member is as simple as opening a savings account. This local focus allows us to provide personalized service and invest back into the Michigan communities we all call home.
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Financing for Your New or Used Vehicle+
Whether you’re buying a brand-new car from a dealership or a used vehicle from a private seller, they offer flexible financing to make it happen. Consumers Credit Union strongly encourages U.S. members to get pre-approved before they start shopping.
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Refinance Your Current Auto Loan and Save+
If you have an auto loan with another lender at a high interest rate, let us see if we can help you save. By refinancing your loan with Consumers Credit Union, many of our U.S. members are able to lower their monthly payment, reduce their interest rate, and save significant money over the life of their loan.
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More Than Just Cars: Loans for Your Adventures+
Michiganders love to explore, and we’re here to finance your adventures. Beyond traditional cars and trucks, Consumers Credit Union offers the same great rates and flexible terms on loans for motorcycles, boats, and RVs.
Top Auto Loan Options in the U.S.
- Consumers Credit Union – Delivers low auto loan rates starting at 3.99% APR* and supports 100% financing through its exclusive Car Buying Service for those who qualify.
- Capital One Auto Navigator – Makes it easy to browse cars and check your loan eligibility without affecting your credit, with access to a wide selection of dealerships.
- Bank of America Auto Loans – Offers convenient online application tools, competitive fixed rates, and rewards for customers who hold eligible accounts.
- PenFed Credit Union – Known for offering ultra-low rates on auto loans and refinancing, especially appealing to borrowers with excellent credit.
- Chase Auto – Works closely with dealerships across the country and provides a seamless platform for managing loans alongside everyday banking.
Traditional Bank Financing
Conventional banks like Chase or Bank of America remain popular for vehicle financing, often delivering structured options, fixed interest rates, and bundled incentives for loyal account holders. However, what sets Consumers Credit Union apart is its focus on member-first lending. Rather than a one-size-fits-all approach, CCU tailors its loan solutions based on the member’s unique financial picture, with added perks like rate reductions and member-exclusive tools designed to enhance the borrowing experience.
Consumers Credit Union Auto Loans
Consumers Credit Union provides its members with a robust auto loan offering that blends competitive rates and convenience. With APRs as low as 3.99% when utilizing CCU’s Car Buying Service—or 4.49% without it—qualified borrowers can finance up to 100% of their vehicle’s value. The process is simple from start to finish: members can pre-qualify online, calculate monthly payments with the digital loan calculator, and finalize the paperwork electronically or at a nearby branch.
Online Lending Platforms
Online auto financing has become increasingly popular thanks to services like myAutoloan and Carvana, which offer fast, digital loan approvals and delivery-friendly purchasing. However, Consumers Credit Union manages to combine that online ease with the human touch credit unions are known for. Members can complete the loan application digitally and still count on real-time assistance from CCU’s service team.
Unsecured Personal Loans
Using an unsecured personal loan to buy a car—particularly from a private seller—can be an appealing route, especially when traditional loans don’t fit the situation. These loans typically carry higher rates and depend heavily on your credit profile. CCU’s personal loans offer fixed APRs from 8.99% to 24.79%, along with terms ranging from 6 months to 84 months. While they provide added flexibility, especially for off-market or unique vehicle purchases, CCU’s auto-specific loans tend to deliver better repayment terms, making them the go-to option for members looking for optimized financing.
Buy Here, Pay Here Dealerships
For those with minimal or damaged credit, Buy Here, Pay Here (BHPH) dealerships may seem like a quick fix—but they often come with downsides like inflated rates, narrow vehicle selections, and restrictive contracts. Consumers Credit Union offers a far more transparent and empowering alternative. By providing access to fair lending terms and allowing purchases from any seller—including private parties—CCU enables its members to avoid predatory lending and choose the car that truly fits their lifestyle and budget.
How Auto Loans Impact Your Finances and Credit Score in the U.S.
Auto loans play a meaningful role in your financial journey in the U.S., impacting both your monthly obligations and your credit profile. On-time payments help boost your FICO score, opening doors to better rates for future loans, credit cards, or even mortgage approvals. Missed payments, on the other hand, can increase your debt-to-income ratio and hurt your ability to borrow in the long term. Consumers Credit Union reports loan activity to credit bureaus, supporting credit-building efforts for responsible borrowers.
Additionally, CCU’s Skip-A-Pay option allows members to pause up to two payments annually in case of financial hardship—adding flexibility while protecting your credit standing. With the right plan in place, your auto loan can become a stepping stone toward greater financial freedom.
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