Vehicle Loans That Can Help You Save Money

Looking for an auto loan or auto refinance option near Beloit, Janesville, Monroe, Freeport, Rockford, Belvidere, or Roscoe? First Community Credit Union offers vehicle loans for new cars, used cars, trucks, SUVs, motorcycles, boats, RVs, and recreational vehicles.

Whether you are buying your next vehicle or refinancing a loan from another lender, FirstCCU can help you compare your options, estimate your payment, and look for ways to lower your monthly cost.

Many members refinance their auto loans to lower their monthly payment, reduce their interest rate, shorten or extend their loan term, or move their loan to a local credit union they trust.

Buying or refinancing a used car does not have to be stressful either. Ask about adding Mechanical Repair Coverage, GAP+, or Debt Protection to your loan for added peace of mind.

Flexible Auto Loan Options: Refinance, Buy New or Used, and Add Protection

FirstCCU helps members finance new and used vehicles, refinance existing auto loans, and protect their loan with optional coverage that can be bundled into the monthly payment.

Use our Auto Loan Calculator or Auto Refi Calculator to estimate your payment and see how much you could save by refinancing your car loan with a credit union.

You can also keep your checking account and auto loan in one place. FirstCCU members with qualifying checking relationships may be eligible for relationship-based loan savings, including rate discounts on vehicle loans.

Can you lower your monthly payment by refinancing with FirstCCU?

Refinancing could lower your monthly car payment by $200 or more.

In this example, the member could save more than $20,000 in interest over the life of the loan compared with their previous auto loan.

And the savings shown include a fully protected loan with GAP+, Mechanical Repair Coverage, and Debt Protection included.**

Auto Refinance Example: Lower Payment, Lower Rate, Shorter Term

Can refinancing your auto loan with a credit union help lower your monthly car payment? In this example, yes. Refinancing with FirstCCU lowered the monthly payment by $204.92, reduced the APR, and shortened the remaining loan term.

Loan Rate Term Monthly Payment
Current Auto Loan at Other Lender 18.99% APR* 84 months $1,080.10
Auto Refinance with FirstCCU 5.74% APR* 78 months $875.18**

In this example, refinancing lowered the monthly payment from $1,080.10 to $875.18 — a savings of $204.92 each month.

Over the full repayment period shown above, the total payment difference is $22,464.36.

This is why it can be worth comparing your current auto loan with a FirstCCU auto refinance option: a lower rate, a lower monthly payment, and a shorter loan term can make a major difference over time.

First Community Credit Union is a member-owned financial co-op serving nine full-service branch locations in Beloit on Park Ave or Willowbrook Rd, Janesville, and Monroe, Wisconsin and Freeport, Rockford on Riverside Dr or State St., Belvidere, and Roscoe, Illinois.

When your bank keeps changing, its time you did too! 

Auto Loan rates as low as  3.59% APR* for 36 months

Compare your current auto loan rate, term, and payment before you refinance

Refinancing could lower your monthly payment by $200 or more

*Annual Percentage Rate. Rate and length of term may vary by model. Other credit qualifications may apply. Rates subject to change and based on creditworthiness.
**Loan savings example is approximated based on $50,000 original loan balance financed 12 months prior for 84 months at 18.99% with 690+ credit score vehicle used at time of calculation is a 2023 Chevrolet Traverse VIN 1GNEVGKW3PJ275584 with approximately 17,000 miles. Fully protected means the vehicle loan has added optional Debt Protection, Mechanical Repair Coverage, and GAP+ coverage each at additional expense. Prices vary based on year, make, model, mileage, and other factors. See your Member Relationship Manager for more details.