We are here to help
Buying a car can be stressful. Whether you have poor, great or average credit, Saco Valley Credit Union is here to help you get into a vehicle that fits your budget.
- Vehicle loans for new and used cars, trucks, trailers, motorcycles & more
- Low rates & flexible terms
- Purchases & refinances
- Easy application process – online or in branch
- Loans subject to credit approval
Questions? Call 207-282-6169 or text our consumer lending team at 207-602-4302!
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.
| Rates as low as* | APR as low as* | Term |
|---|---|---|
| 4.99% | 5.09% | 0-23 Months |
| 5.49% | 5.54% | 24-47 Months |
| 5.99% | 6.03% | 48-65 Months |
| 6.49% | 6.52% | 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 06/24/2024 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 4.99% interest rate = 22 payments of $1143.32 per month with a final payment of $1142.99 includes a $25 document fee; 5.09%APR and $45.73 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 5.49% interest rate = 46 payments of $592.99 per month with a final payment of $592.74 includes a $25 document fee; 5.54%APR and $23.72 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 5.99% interest rate = 64 payments of $451.83 per month with a final payment of $451.46 includes a $25 document fee; 6.03%APR and $18.07 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 6.49% interest rate = 82 payments of $375.081er month with a final payment of $374.20 includes a $25 document fee; 6.52%APR and $15.00 per $1,000 borrowed. Minimum loan amount for 66-83 months is $10,000. |
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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 |
|---|---|---|
| 5.99% | 6.09% | 0-23 Months |
| 6.49% | 6.54% | 24-47 Months |
| 6.99% | 7.03% | 48-65 Months |
| 7.49% | 7.52% | 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 06/24/2024 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 5.99% interest rate = 22 payments of $1154.47 per month with a final payment of $1154.34 includes a $25 document fee; 6.09%APR and $46.18 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 6.49% interest rate = 46 payments of $604.46 per month with a final payment of $603.99 includes a $25 document fee; 6.54%APR and $24.18 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 6.99% interest rate = 64 payments of $463.64 per month with a final payment of $462.96 includes a $25 document fee; 7.03%APR and $18.55 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 7.49% interest rate = 82 payments of $387.30 per month with a final payment of $386.59 includes a $25 document fee; 7.52%APR and $15.49 per $1,000 borrowed. Minimum loan amount for 66-83 months is $10,000. |
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Auto Loan Information
Application
It's easy to apply! Click here to start our online loan application, or visit us in Saco at 312 Main Street or 500 Main Street, or in Waterboro at 860 Main Street during business hours to apply in person.
Other Types of Auto Loans
Whether it's an RV, side-by-side, snowmobile, motorcycle or boat, we have loan options for you! Apply online or call to get started!
Refinance
If you have an auto loan at another institution, talk to us to see if we can save you some money!
New vs. Used
Saco Valley Credit Union will finance both new and used autos up to 10 model years old. If you have a vehicle older than that, it would be done as a personal loan.
