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Used Car Loan

Be Ready To Buy

If you’re ready to buy, whether it’s from a used car dealer or a private sale, you want to know how much you can afford, and have your purchasing power in hand when you negotiate. Before you go, let us help you crunch the numbers. We can also include protection and loan insurance for your investment with options like Mechanical Breakdown Protection (MBP) and Guaranteed Asset Protection (GAP) coverage with Auto Deductible Reimbursement (ADR). These can be rolled right into your loan so payments are easy. Set up automatic transfers right through online banking and always be up to date.

Dad buying a second hand car for his daughter

Used Car Loan Rates

See our current rates below.

Live Smarter

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


If you’re not ready to apply for a used 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. Simply click on the button below, select the “Apply for a Loan” service from the menu and choose the “Auto/Recreational” option.

Let’s Get Started

We look forward to helping you.

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Protect Your Investment

Mechanical Breakdown Protection

Mechanical Breakdown Protection covers mechanical breakdowns above the original manufacturer's warranty. This helps ensure that your vehicle investment is protected, and reduces the possibility of out-of-pocket expenses during an unexpected mechanical failure.

Your benefits:

  • $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 purchased outside your loan
  • Fully transferable

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.

Your benefits:

  • Low cost protection
  • Eliminates the out-of-pocket expense for the remaining loan balance after loss settlement
  • 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
  • Helps you avoid financial hardship and afford a replacement vehicle
  • Prevents deficiency balance from being added to new loan
  • Helps protect credit rating
  • Learn more about GAP coverage and get a quote here.

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

What can you afford?

Try our auto loan calculator.

Auto Loan Comparison Calculator

Want a rough idea?

Check today’s used auto loan rates effective October 19, 2021

2016 & Older
Excluding Classics

Term APR
12 Month as low as 4.34%
24 Month as low as 4.34%
36 Month as low as 4.69%
48 Month as low as 4.94%
60 Month as low as 5.24%
72 Month as low as 5.64%


Term APR
12 Month as low as 2.04%
24 Month as low as 2.04%
36 Month as low as 2.14%
48 Month as low as 2.24%
60 Month as low as 2.34%
72 Month as low as 2.79%
84 Month as low as 3.29%

Including Classics

Term APR
108 Month as low as 4.59%
12 Month as low as 1.44%
24 Month as low as 1.44%
36 Month as low as 1.54%
48 Month as low as 1.64%
60 Month as low as 1.74%
72 Month as low as 2.09%
84 Month as low as 2.59%
96 Month as low as 3.59%

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. Loan to value is determined by credit score.

Monthly payments for a 5 year new vehicle loan at 1.74% would be $17.42 per $1,000 borrowed.
Monthly payments for a 5 year used vehicle loan at 2.34% would be $17.68 per $1,000 borrowed.
Monthly payments for a 5 year older vehicle loan at 5.24% would be $18.98 per $1,000 borrowed.

*Federally insured by NCUA. Membership and credit requirements apply. Rates and terms determined by overall credit history and subject to change.