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Used Car Loan

Get Moving in a Reliable Used Vehicle

Buying a used car is a smart way to stretch your budget without sacrificing reliability. Whether you’re trading up, purchasing your first pre-owned vehicle, or adding another set of keys to the household, we’re here to help make it happen. Enjoy competitive rates, flexible terms, and friendly, local support every step of the way—from application to approval.

Explore Your Used Car Loan Options

Crunch the Numbers

Curious what your monthly car payment might look like? Our easy-to-use calculator lets you plug in your loan amount, interest rate, and term to get a quick estimate. It’s a smart way to plan your budget before you hit the dealership.

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Check Out Today’s Used Car Loan Rates

Our used car loan rates are competitive and personalized to your financial profile. Whether you’re purchasing from a dealer or a private party, we’ll help you find a rate and term that works with your budget.

These tools help you make smart decisions before visiting the lot or making an offer.

See All Rates

Apply for a Used Car Loan Online

Apply quickly and securely online. In just a few minutes, you can get preapproved and shop for used cars with confidence, knowing exactly what fits your budget.

Apply Now
Member reviewing used car loan options

Not Sure Where To Start?

Talk To Our Team

Buying a used car can feel overwhelming, but we’re here to help. From choosing the right loan term to navigating down payments and credit questions, our lending specialists are ready to support you through the entire used car financing process.

Make An Appointment

Types of Used Cars We Finance

We offer financing for a wide range of pre-owned cars, including:

  • Certified Pre-Owned Cars
  • Used SUVs and Crossovers
  • Used Pickup Trucks and Vans
  • Pre-Owned Hybrid and Electric Models

Shopping through a dealership or private seller? Either way, we can help you secure a loan.

Driver getting ready to buy a used car

Don’t Forget Car Insurance

Stay protected on the road with coverage you can trust. We’ll help you get started.

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Frequently Asked Questions

Can I get pre-approved before shopping for a used car?
Yes. Pre-approval helps you set a realistic budget and makes purchasing a used car smoother and faster.
Are zero-down used car loans available?
In many cases, yes. Depending on your credit and income, you may qualify for a loan with no money down.
What loan terms are available for used cars?
Used car loans typically range from 24 to 72 months. We’ll help you choose the best option based on the car’s age, price, and your financial goals.

Protect Your Used Vehicle Investment

Buying a used car is a smart move. We can help make it even smarter by offering optional protection plans—MBP, GAP, and DPW—that reduce the risk of unexpected expenses and help you keep more of your investment over time.

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
  • Make accelerated loan payments
  • Want protection from vehicle depreciation
  • Feel the money already invested in a vehicle should be protected

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
Driver enjoying a used car

Why Finance a Used Car with First Source?

We understand the used car buying process, and we’re here to make it easier with:

  • Friendly Local Experts

    Personalized support from people who care.

  • Helpful Planning Tools

    Calculate payments, compare rates, and apply online.

  • Clear, Flexible Terms

    No hidden fees or confusing jargon, just straightforward financing.

A used car can be just as exciting as new, and we’re here to help you drive one home.

Used vehicle at a dealership

Let’s Get Started

If you’ve found the right used car, we’ll help you secure the right loan.

Apply Now
 

If you’re not quite ready to apply and have questions, we’re here to help. Call 315-735-8571 to discuss your rate and term options, or schedule an appointment with one of our friendly and knowledgeable representatives who can walk you through the process.

Make An Appointment

Membership and credit requirements apply. Rates and terms determined by overall credit history and subject to change.