Make an Appointment

  1. Home
    2. Car Loans Overview

Car Loans

Affording A New Or Used Car

Whether you’re looking for a brand new car (or just new to you), a first-time truck, SUV, or a family minivan, we offer great rates, financing advice and loan pre-approval which gives you extra purchasing power before you head to the dealer.

Happy mother riding with her kids in the car

New Car
Dealing with dealers

Choosing your new car is fun, but paying for it can feel overwhelming. We’ll help to put you at ease and review everything from rates, to loan options, payment terms and more. Like great after-sale protection and loan insurance options. Know what you can afford with your loan pre-approval, and feel empowered at the dealership.

Learn More

Used Car 
Preparing for purchase

Whether you’re purchasing a used vehicle in a private sale or from a dealer, we have competitive, low interest rates to help you afford your ride. We'll review your options including which type of loan is best, current rates and what your payments will be. Once you’re qualified for a loan, pre-approval gives you negotiating power with payment in hand when it’s time to buy.

Learn More

Classic Car 
Driving a dream

We all have our own idea of a “classic” car. At First Source it’s categorized as anything 25 years older than the newest model year. If your dream car falls in that range, see how we can help you make it a reality with great interest rates and the right financing terms.

Learn More

Motorcycle Loan 
Ready to roll

If you’re looking to buy a new or used motorcycle, we offer a motorcycle loan with lower, fixed-interest rates to make it more affordable. Once you know the bike you want, we can work with you on the financing details, including down payment options, loan terms, and protection & loan insurance.

Learn More

Car Loan Refinancing
Lowering your payments

Not sure if it’s the right time to refinance your vehicle? Whether your original loan is with us or another lender, we can help you determine if refinancing at current rates can lower your monthly payments and save you in the long run. We’re happy to have a free consultation with you.

Learn More

Need To Repair Your Current Vehicle? 
Get the money you need

Putting off simple repairs can become costly, don't wait to get the fixes you need. Affording car repairs with a personal loan can be a great way to keep your ride running smooth for years to come.

Learn More

Live Smarter

Ready to start shopping for a better car? Start the application process below.

 

If you’re not ready to apply for a car loan, and have questions, we are here to help. Call 315-735-8571 to talk about your options or make an appointment with one of our friendly and knowledgeable representatives today.

Let’s Get Started

We look forward to helping you.

Apply Now

Protect Your Investment

For Auto Loans, We Offer MBP, GAP and DPW:

MBP: Mechanical Breakdown Protection

Mechanical Breakdown Protection covers mechanical breakdowns in conjunction with and for a longer duration than the original manufacturer's warranty. This helps ensure that the investment in your vehicle is protected and reduces the possibility of out-of-pocket expenses during an unexpected mechanical failure.

  • $0 deductible on all plans

  • Immediate coverage

  • Direct pay to repair facility

  • Emergency roadside service included

  • Rental car allowance

  • Battery coverage

  • Competitive rates

  • Cost can be included in your loan or

  • Can be purchased outside your loan

  • Fully transferable

​

GAP: Guaranteed Asset Protection

If your vehicle is totaled or stolen, your insurance settlement can be significantly less than the outstanding loan balance. GAP is designed to relieve you of the responsibility for the remainder of the loan balance that may not be covered. We’ll make up that difference. As an added benefit with GAP, you will also receive the Auto Advantage Program.

  • Low cost protection

  • Helps avoid financial hardship and afford a replacement vehicle

  • Helps protect credit rating

  • If enrolled prior to January 1, 2017, Auto Deductible Reimbursement (ADR) pays up to $500 per loss (limit of 2 losses per year) when claim is filed and paid with your primary insurance carrier

  • Personal ID Restoration Consulting in case of ID Theft

  • Eliminates the out-of-pocket expense for the remaining loan balance after loss settlement

  • Prevents deficiency balance from being added to new loan

  • If enrolled on or after January 1, 2017, Auto Deductible Reimbursement (ADR) pays up to $500 per loss (unlimited losses per year) when claim is filed and paid with your primary insurance carrier

  • Warranty Vault online storage for all your warranty information in one easy place

*In order to purchase GAP, you must have an active loan with First Source Federal Credit Union on the asset to be covered.

Learn more about GAP coverage and get a quote.

 

DPW: Depreciation Protection Warranty

Similar to GAP, DPW offers protection if your vehicle is ever totaled, or stolen and not recovered, at any time over the life of the loan. It waives some or all of your loan balance in the event of a total loss of your vehicle. It is equal to the difference between your vehicle’s MSRP or retail value at the time of DPW purchase, less the amount of your loan balance at the time of total loss. As an added benefit with DPW, you will also receive the Auto Advantage Program.

DPW is ideal for those who: ​

  • Have equity in the vehicle through a down payment, trade-in or rebate at time of purchase

  • Make accelerated loan payments

  • Want protection from vehicle depreciation

  • Feel that the money already invested in a vehicle could be protected is important​

Benefits include:

  • No mileage, make or year restrictions

  • Coverage can be purchased at any time

  • ​Coverage is 100% refundable for the first 60 days

  • If enrolled prior to January 1, 2017, Auto Deductible Reimbursement (ADR) pays up to $500 per loss (limit of 2 losses per year) when claim is filed and paid with your primary insurance carrier

  • Personal ID Restoration Consulting in case of ID Theft

  • Accidental death protection is included, which offers cancellation of up to $1,000 of your outstanding loan balance if you were to die in an accident​

  • If enrolled on or after January 1, 2017, Auto Deductible Reimbursement (ADR) pays up to $500 per loss (unlimited losses per year) when claim is filed and paid with your primary insurance carrier

  • Warranty Vault online storage for all your warranty information in one easy place

Want a rough idea?

Check today’s auto loan rates effective April 20, 2025

2023-2026
Including Classics

Term APR
12 Month as low as 4.99%
24 Month as low as 4.99%
36 Month as low as 4.99%
48 Month as low as 4.99%
60 Month as low as 5.24%
72 Month as low as 5.74%
84 Month as low as 6.24%
96 Month as low as 7.74%
108 Month as low as 8.74%

2020-2022
 

Term APR
12 Month as low as 5.74%
24 Month as low as 5.74%
36 Month as low as 5.74%
48 Month as low as 5.74%
60 Month as low as 5.99%
72 Month as low as 6.49%
84 Month as low as 6.99%

2019 & Older
Excluding Classics

Term APR
12 Month as low as 7.99%
24 Month as low as 7.99%
36 Month as low as 7.99%
48 Month as low as 7.99%
60 Month as low as 8.24%
72 Month as low as 8.74%

Apply for an Auto Loan Now

Loan rates and terms are determined by overall credit history and are subject to change without notice. Applications are subject to credit approval.

Monthly payments for a 5 year new vehicle loan at 5.24% would be $18.98 per $1,000 borrowed.
Monthly payments for a 5 year used vehicle loan at 5.99% would be $19.33 per $1,000 borrowed.
Monthly payments for a 5 year older vehicle loan at 8.24% would be $20.39 per $1,000 borrowed.

What's New

Get Your Free Financial Checkup At Our Kellogg Road Branch
First Source Announces Additional Key Senior Leadership Appointments
First Source Announces John Calabrese As Next President/CEO
Membership and credit requirements apply. Rates and terms determined by overall credit history and subject to change.