Auto Loans
Whether you're in the market for a new car, or thinking about moving your existing loan - consider Mutual 1st! Right now you can get a new car loan for an APR as low as 5.24%*!
Our experienced and friendly bankers can help you with the process from start to finish. Start the process by applying online, or reach out to a banker by clicking on one their bios in the right column. As always, you can give us a call at 402-697-8200.
Nebraska Credit Union members save over $1,000 on average over the life of their auto loan vs. financing through a bank.**
Finding the Right Vehicle
Save time at the car dealership. Get CUDL-Connected!
We've partnered with area dealers to allow you to search and shop online for your next vehicle. Now you can search the make and model of your vehicle and see where it's in stock! Our helpful auto buying resources allow you to secure a great deal while still financing your auto loan through Mutual 1st Federal.
Auto Loan Calculator
Based on your inputs, you can afford a vehicle at this price:
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*You will need to qualify for a loan of
Based on your inputs, you can expect a monthly payment of:
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Auto Loan Options
What is the difference in new car vs. used car loans?
While each dealer or financial institution has their own guidelines, at Mutual 1st Federal we consider current and previous model year (2023 and 2024) vehicles as new car loans. Cars can be financed for up to 10 model years, so model years 2015 - 2022 are considered a used car loan.
What is the best way to finance a car?
If you get pre-approved for an auto loan with Mutual 1st Federal, we can provide a pre-approval letter which you can take with you to a car dealer to simplify the buying process.
What do I need to apply for a car loan?
To apply for an auto loan, you'll need:
- To be eligible for membership (or be a current member) at our credit union: live, work, worship or attend school in Omaha or the surrounding area (find out more about becoming a member)
- An estimate of how much you want to borrow
- Work or income history
- Personal information (address, date of birth and social security number)
If you're planning to make a down payment or have an estimate on a trade-in, that information is helpful to provide when applying for an auto loan.
Auto Loan Rates
Term | APR | |
---|---|---|
New Auto & Motorcycle Loans | Up to 48 months | 5.24%* |
Used Auto & Motorcycle Loans | Up to 48 months | 6.24%* |
New Recreational Vehicle & Boat Loans | Up to 180 months | 10.10%* |
New and Used Auto and Motorcycle Loans
*APR = Annual Percentage Rate. APR is accurate as of 11/18/2024. APR of 5.24% is available for 48-month loans on model years 2023 or newer. Example: For a $20,000 auto loan at 4.99% interest rate for 48 months with a $100 origination fee will have a 5.24% APR and a monthly payment of $460.47. APR of 6.24% is available for 48 months on used vehicles, available on model years 2015 – 2022. Example: For a $20,000 auto loan at 5.99% interest rate for 48 months with a $100 origination fee will have a 6.24% APR and a monthly payment of $469.58. Other restrictions may apply. Add .25% to the rate for payments that are not deducted from a Mutual 1st Federal account with direct deposit. Your APR will be based on characteristics of your credit transaction, including borrower credit rating, vehicle year, loan to value, and term. Rates subject to change. Contact Mutual 1st Federal for complete terms and conditions.
New and Used Recreational Vehicle and Boat Loans
*APR = Annual Percentage Rate. APR is accurate as 11/18/2024. APR of 9.35% is available for 180-month loans, available on current model years. The promotional rate discount of 0.75% is available for a limited time only on new money. Example: For a $30,000 new recreational vehicle or boat loan at 10.04% interest rate for 180 months with a $100 origination fee will have 10.10% APR and monthly payment of $323.16. Other restrictions may apply. Add .75% to the rate for used. Add .25% to the rate for payments that are not deducted from a Mutual 1st Federal account with direct deposit. Your APR will be based on characteristics of your credit transaction, including borrower credit rating, vehicle year, loan to value, and term. Rates subject to change. Contact Mutual 1st Federal for complete terms and conditions.
Additional Auto Loan Services
- Low cost payment protection is available
- Guaranteed Auto Protection (GAP) is available to ensure you’re protected against financial loss to cover the difference between what your insurance pays you and the loss of your vehicle
- Auto Deductible Reimbursement is included with GAP coverage. If you suffer an eligible loss you may be entitled to reimbursement of your auto deductible, up to $500 per loss (limit of two losses per year).
- See if you qualify for a lower rate on auto insurance with TruStage Insurance.
- Loan payments can easily be made on the Mutual 1st app. If you don't have the app, you can make a payment here.
- Our app can be downloaded on the Apple Store or Google Play!
**According to CUNA's Nebraska Member Benefits Report.