Buying a car can be stressful. Saco Valley Credit Union is here to help you get into a vehicle that fits your budget.* Apply online today!
- Vehicle loans for new and used cars, trucks, trailers, motorcycles & more!
- Low rates & flexible terms
- Purchases & refinances
- Loans subject to credit approval
- Easy application process – online or in branch!
Titled Vehicle Rates
The below rates apply to titled items including: autos, motorcycles over 300 cc, light duty trucks, motor homes, and trailers over 3,000 lbs.
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| Rates as low as* | APR as low as* | Term |
| 4.49% | 4.59% | 0-23 Months |
| 4.99% | 5.04% | 24-47 Months |
| 5.49% | 5.53% | 48-65 Months |
| 5.99% | 6.02% | 66-83 Months |
*These rates apply to titled items including autos, motorcycles over 300 cc, light-duty trucks, motor homes, and trailers over 3,000 lbs. Rates are effective 11/01/2023 and subject to change without notice. APR = Annual Percentage Rate. Fees, amount financed and actual term may affect the actual APR and rate of your loan. SVCU loans are done using risk-based pricing to determine the interest rate and are based on the borrower's term and creditworthiness. All rates and loans are subject to credit approval. Vehicle loans are available for vehicles 10 or less model years old. The age of the vehicle will determine the maximum length of term available. Other terms and rates may be available. Contact an SVCU loan officer for more information.
Payment Examples:
23 month term auto loan: $25,000 at 23 months at 4.49% interest rate = 22 payments of $1137.70 per month with a final payment of $1137.62 includes a $25 document fee; 4.59%APR and $45.51 per $1,000 borrowed. Minimum loan amount for 0-23 months is $1,000.
47 month term auto loan: $25,000 at 47 months at 4.99% interest rate = 46 payments of $587.37 per month with a final payment of $587.07 includes a $25 document fee; 5.04%APR and $23.49 per $1,000 borrowed. Minimum loan amount for 24-47 months is $3,000.
65 month term auto loan: $25,000 at 65 months at 5.49% interest rate = 64 payments of $446.05 per month with a final payment of $445.37 includes a $25 document fee; 5.53%APR and $17.84 per $1,000 borrowed. Minimum loan amount for 48-65 months is $7,500.
83 month term auto loan: $25,000 at 83 months at 5.99% interest rate = 82 payments of $369.11 per month with a final payment of $368.24 includes a $25 document fee; 6.02%APR and $14.76 per $1,000 borrowed. Minimum loan amount for 66-83 months is $10,000.
Non-Titled Vehicle Rates
The below rates apply to non-titled vehicles including: motorcycles under 300cc, boats, personal watercraft, snowmobiles, ATVs, trailers under 3,000 lbs and other chattel (collateral secured by UCC).
| Rates as low as* | APR as low as* | Term |
| 5.49% | 5.59% | 0-23 Months |
| 5.99% | 6.04% | 24-47 Months |
| 6.49% | 6.53% | 48-65 Months |
| 6.99% | 7.02% | 66-83 Months |
* These rates apply to non-titled vehicles including: motorcycles under 300cc, boats, personal watercraft, snowmobiles, ATVs, trailers under 3,000 lbs and other chattel (collateral secured by UCC). Rates are effective 11/01/2023 and subject to change without notice. APR = Annual Percentage Rate. Fees, amount financed and actual term may affect the actual APR and rate of your loan. SVCU loans are done using risk-based pricing to determine the interest rate and are based on the borrower's term and credit worthiness. All rates and loans are subject to credit approval. Vehicle loans are available for vehicles 10 or less model years old. The age of the vehicle will determine the maximum length of term available. Other terms and rates may be available. Contact an SVCU loan officer for more information.
Payment Examples:
23 month term auto loan: $25,000 at 23 months at 5.49% interest rate = 22 payments of $1148.94 per month with a final payment of $1148.91 includes a $25 document fee; 5.59%APR and $45.96 per $1,000 borrowed. Minimum loan amount for 0-23 months is $1,000.
47 month term auto loan: $25,000 at 47 months at 5.99% interest rate = 46 payments of $598.78 per month with a final payment of $598.53 includes a $25 document fee; 6.04%APR and $23.95 per $1,000 borrowed. Minimum loan amount for 24-47 months is $3,000.
65 month term auto loan: $25,000 at 65 months at 6.49% interest rate = 64 payments of $457.77 per month with a final payment of $457.54 includes a $25 document fee; 6.53%APR and $18.31 per $1,000 borrowed. Minimum loan amount for 48-65 months is $7,500.
83 month term auto loan: $25,000 at 83 months at 6.99% interest rate = 82 payments of $381.22 per month with a final payment of $380.63 includes a $25 document fee; 7.02%APR and $15.25 per $1,000 borrowed. Minimum loan amount for 66-83 months is $10,000.
Disclosures: All loans subject to credit approval.
Titled Vehicle Rates:
*These rates apply to titled items including autos, motorcycles over 300 cc, light-duty trucks, motor homes, and trailers over 3,000 lbs. Rates are effective 06/28/2023 and subject to change without notice. APR = Annual Percentage Rate. Fees, amount financed and actual term may affect the actual APR and rate of your loan. SVCU loans are done using risk-based pricing to determine the interest rate and are based on the borrower’s term and creditworthiness. All rates and loans are subject to credit approval. Vehicle loans are available for vehicles 10 or less model years old. The age of the vehicle will determine the maximum length of term available. Other terms and rates may be available. Contact an SVCU loan officer for more information.
Payment Examples:
23 month term auto loan: $25,000 at 23 months at 4.49% interest rate = 22 payments of $1137.70 per month with a final payment of $1137.62 includes a $25 document fee; 4.59%APR and $45.51 per $1,000 borrowed. Minimum loan amount for 0-23 months is $1,000.
47 month term auto loan: $25,000 at 47 months at 4.99% interest rate = 46 payments of $587.37 per month with a final payment of $587.07 includes a $25 document fee; 5.04%APR and $23.49 per $1,000 borrowed. Minimum loan amount for 24-47 months is $3,000.
65 month term auto loan: $25,000 at 65 months at 5.49% interest rate = 64 payments of $446.05 per month with a final payment of $445.37 includes a $25 document fee; 5.53%APR and $17.84 per $1,000 borrowed. Minimum loan amount for 48-65 months is $7,500.
83 month term auto loan: $25,000 at 83 months at 5.99% interest rate = 82 payments of $369.11 per month with a final payment of $368.24 includes a $25 document fee; 6.02%APR and $14.76 per $1,000 borrowed. Minimum loan amount for 66-83 months is $10,000.
Non –Titled Vehicle Rates:
* These rates apply to non-titled vehicles including: motorcycles under 300cc, boats, personal watercraft, snowmobiles, ATVs, trailers under 3,000 lbs and other chattel (collateral secured by UCC). Rates are effective 06/28/2023 and subject to change without notice. APR = Annual Percentage Rate. Fees, amount financed and actual term may affect the actual APR and rate of your loan. SVCU loans are done using risk-based pricing to determine the interest rate and are based on the borrower’s term and credit worthiness. All rates and loans are subject to credit approval. Vehicle loans are available for vehicles 10 or less model years old. The age of the vehicle will determine the maximum length of term available. Other terms and rates may be available. Contact an SVCU loan officer for more information.
Payment Examples:
23 month term auto loan: $25,000 at 23 months at 5.49% interest rate = 22 payments of $1148.94 per month with a final payment of $1148.91 includes a $25 document fee; 5.59%APR and $45.96 per $1,000 borrowed. Minimum loan amount for 0-23 months is $1,000.
47 month term auto loan: $25,000 at 47 months at 5.99% interest rate = 46 payments of $598.78 per month with a final payment of $598.53 includes a $25 document fee; 6.04%APR and $23.95 per $1,000 borrowed. Minimum loan amount for 24-47 months is $3,000.
65 month term auto loan: $25,000 at 65 months at 6.49% interest rate = 64 payments of $457.77 per month with a final payment of $457.54 includes a $25 document fee; 6.53%APR and $18.31 per $1,000 borrowed. Minimum loan amount for 48-65 months is $7,500.
83 month term auto loan: $25,000 at 83 months at 6.99% interest rate = 82 payments of $381.22 per month with a final payment of $380.63 includes a $25 document fee; 7.02%APR and $15.25 per $1,000 borrowed. Minimum loan amount for 66-83 months is $10,000.
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