Auto Loans
Auto loans crafted just for union family
Auto Loan
Whether you’re looking to buy a new or used vehicle or refinance your current auto loan, we’ve got you covered. Find the right vehicle and a monthly payment to fit your budget with OE Federal and AutoSMART.
- Terms from 36-84 months
- New or used vehicles
- Purchase from dealer or private party
- Pre-approvals available
- No prepayment penalties
New Vehicles
| MAXIMUM TERM | ANNUAL PERCENTAGE RATE |
| 36-48 months 1 | 5.74% to 10.24% |
| 49-72 months 3 | 5.99% to 10.49% |
| 73-84 months 4 | 6.49% to 11.49% |
LOAN TYPE
Current or prior calendar year with less than 7,500 miles
MAXIMUM AMOUNT
Up to 100% or up to 125% (for well-qualified borrowers) of dealer MSRP (or invoice if MSRP is not available) not to exceed documented purchase price. Includes sales tax, license fee, MRC, Extended Warranty, and GAP.
Loan Payment Example: $23.37 per month per $1,000 borrowed at 5.74% APR for 48 months
1 Minimum loan amount $7,500 | 3 Minimum loan amount $15,000 | 4 Minimum loan amount $25,000
*All rates and terms are dependent on credit worthiness.
Information accurate as of October 1, 2024.
Used Vehicles
| MAXIMUM TERM | ANNUAL PERCENTAGE RATE |
| 36-48 months 1 | 5.74% to 10.24% |
| 49-72 months 3 | 5.99% to 10.49% |
| 73-84 months 4 | 6.49% to 11.49% |
LOAN TYPE
10 model years or newer only (60-month term maximum for vehicles with 200,000 miles or more)
MAXIMUM AMOUNT
Up to 100% or up to 125% (for well-qualified borrowers) of KBB “retail” value (no like book values accepted). Not to exceed documented purchase price. Includes sales tax, license fee, MRC, Extended Warranty, and GAP.
Loan Payment Example: $23.37 per month per $1,000 borrowed at 5.74% APR for 48 months
1 Minimum loan amount $7,500 | 3 Minimum loan amount $15,000 | 4 Minimum loan amount $25,000
*All rates and terms are dependent on credit worthiness.
Information accurate as of October 1, 2024.
Older Used Vehicles
| MAXIMUM TERM | ANNUAL PERCENTAGE RATE |
| 0-48 months 1, 7 | 6.49% to 6.99% |
| 49-60 months 1, 7 | 6.99% to 7.49% |
11 model years or older (Maximum Mileage of 250,000 miles, 350,000 miles on Diesel)
Loan Payment Example: $23.71 per month per $1,000 borrowed at 6.49% APR for 48 months
Available for purchase only. No cash out loans.
1 Minimum loan amount $7,500 | 7 Term available for tiers 1 and 2 only.
*All rates and terms are dependent on credit worthiness.
Information accurate as of October 1, 2024.
Related Products and Services
AutoSMART
Learn MoreDebt Protection
Learn MoreCollateral Protection Insurance
Learn MoreBlog
Learn MoreNew Vehicles
| MAXIMUM TERM | ANNUAL PERCENTAGE RATE |
| 36-48 months 1 | 5.74% to 10.24% |
| 49-72 months 3 | 5.99% to 10.49% |
| 73-84 months 4 | 6.49% to 11.49% |
LOAN TYPE
Current or prior calendar year with less than 7,500 miles
MAXIMUM AMOUNT
Up to 100% or up to 125% (for well-qualified borrowers) of dealer MSRP (or invoice if MSRP is not available) not to exceed documented purchase price. Includes sales tax, license fee, MRC, Extended Warranty, and GAP.
Loan Payment Example: $23.37 per month per $1,000 borrowed at 5.74% APR for 48 months
1 Minimum loan amount $7,500 | 3 Minimum loan amount $15,000 | 4 Minimum loan amount $25,000
*All rates and terms are dependent on credit worthiness.
Information accurate as of October 1, 2024.
Used Vehicles
| MAXIMUM TERM | ANNUAL PERCENTAGE RATE |
| 36-48 months 1 | 5.74% to 10.24% |
| 49-72 months 3 | 5.99% to 10.49% |
| 73-84 months 4 | 6.49% to 11.49% |
LOAN TYPE
10 model years or newer only (60-month term maximum for vehicles with 200,000 miles or more)
MAXIMUM AMOUNT
Up to 100% or up to 125% (for well-qualified borrowers) of KBB “retail” value (no like book values accepted). Not to exceed documented purchase price. Includes sales tax, license fee, MRC, Extended Warranty, and GAP.
Loan Payment Example: $23.37 per month per $1,000 borrowed at 5.74% APR for 48 months
1 Minimum loan amount $7,500 | 3 Minimum loan amount $15,000 | 4 Minimum loan amount $25,000
*All rates and terms are dependent on credit worthiness.
Information accurate as of October 1, 2024.
Older Used Vehicles
| MAXIMUM TERM | ANNUAL PERCENTAGE RATE |
| 0-48 months 1, 7 | 6.49% to 6.99% |
| 49-60 months 1, 7 | 6.99% to 7.49% |
11 model years or older (Maximum Mileage of 250,000 miles, 350,000 miles on Diesel)
Loan Payment Example: $23.71 per month per $1,000 borrowed at 6.49% APR for 48 months
Available for purchase only. No cash out loans.
1 Minimum loan amount $7,500 | 7 Term available for tiers 1 and 2 only.
*All rates and terms are dependent on credit worthiness.
Information accurate as of October 1, 2024.
Frequently Asked Questions
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What counts as a new vehicle under your loan program?
We considered a new vehicle to be either the current or previous year’s model with a max of 7500 miles on it.
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Can I purchase from a private party seller?
Yes, you can purchase from a private party seller.
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What are your current loan rates?
Check out our current auto loan rates here.
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How do I apply for a loan?
There are four easy ways to apply for your auto loan:
1. Complete an online OE Federal loan application.
2. Complete an online application through the AutoSMART program.
3. Call us directly at (800)-877-4444.
4. Come into any OE Federal branch and fill out an application in person.
These same steps could also get you pre-approved for a loan.
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What is CUDL?
CUDL stands for Credit Union Direct Lending. Most dealerships work with OE Federal to be part of the CUDL program to make the buying experience easier for you. At the dealership, you can request to finance directly with OE Federal. And, in most cases, CUDL offers the flexibility for you to leave the dealership with the vehicle the same day, pending approval.
- What is AutoSMART?
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Do I have to shop only at CUDL dealerships?
No, we work with non-CUDL dealerships too! To save time on your purchase, apply online ahead of time to have your pre-approval ready.
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How do I get pre-approved for a loan?
Use any one of the following methods to start your pre-approval application:
- Complete an online OE Federal loan application by hitting the “Apply Now” button above.
- Complete an online application through the AutoSMART program.
- Call us directly at (800)-877-4444.
- Come into any OE Federal branch and fill out an application in person.
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How does a refinance work?
You’ll want to start by submitting an OE Federal loan application. Pending approval, you’ll need to contact your current lender and request a 10-day payoff letter. Once we receive the 10-day payoff letter and any remaining documents, we’ll send the payoff check to your current lender and they’ll send us the title. For a complete list of the documents we need to finalize your refinance, click here.
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Does OE Federal charge a fee to refinance?
OE Federal does not charge an additional fee to refinance your loan, however, sometimes there can be a DMV transfer fee which can be calculated prior to finalizing your loan.
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How soon can I can refinance my loan?
As soon as you’re ready. Give us a call or stop by your local branch so we can walk you through the steps.