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Saco Valley Credit Union
Mobile Banking App

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Saco Valley Credit Union
Mobile Banking App

Free - On the App Store

Apply Online Today! Apply in Branch

Auto Loans

We care [about getting you into a safe and reliable vehicle]

Apply Online Today! Apply in Branch

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!

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Auto Loan Rates

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
2.29%2.40%0-35 Months
2.59%2.63%36-59 Months
3.15%3.17%60-83 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 4/1/2019 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 borrowers 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:
35 month term auto loan: $15,000 at 35 months at 2.29% interest rate = 34 payments of $444.24 per month with a final payment of $444.09 includes a $25 document fee; 2.40%APR and $29.57 per $1,000 borrowed. Minimum loan amount for 0-35 months is $1,000.
59 month term auto loan: $25,000 at 59 months at 2.59% interest rate = 58 payments of $452.25 per month with a final payment of $451.91 includes a $25 document fee; 2.63 %APR and $18.09 per $1,000 borrowed. Minimum loan amount for 36-59 months is $3,000.
83 month term auto loan: $35,000 at 83 months at 3.15% interest rate = 82 payments of $470.27 per month with a final payment of $469.47 includes a $25 document fee; 3.17%APR and $13.44 per $1,000 borrowed. Minimum loan amount for 60-83 months is $7,500.

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
3.29%3.40%0-35 Months
3.59%3.63%36-59 Months
4.15%4.17%60-83 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 4/1/2019 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 borrowers 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:
35 month term non-titled vehicle loan: $15,000 at 35 months at 3.29% interest rate = 34 payments of $450.87 per month with a final payment of $450.69 includes a $25 document fee; 3.40%APR and $30.06 per $1,000 borrowed. Minimum loan amount for 0-35 months is $1,000.
59 month term non-titled vehicle loan: $25,000 at 59 months at 3.59% interest rate = 58 payments of $463.40 per month with a final payment of $463.31 includes a $25 document fee; 3.63 %APR and $18.54 per $1,000 borrowed. Minimum loan amount for 36-59 months is $3,000.
83 month term non-titled vehicle loan: $35,000 at 83 months at 4.15% interest rate = 82 payments of $486.29 per month with a final payment of $485.57 includes a $25 document fee; 4.17%APR and $13.89 per $1,000 borrowed. Minimum loan amount for 60-83 months is $7,500.

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Just wanted to thank you again for our auto loan. We really appreciate our service at SVCU, so easy & friendly. We feel very grateful to be members & will continue to tell all our friends & family how great you all are!

Jessica H., Lyman, ME

Frequently Asked Questions

It's easy to apply! Click here to start our online loan application or visit us at 312 Main Street in Saco or 860 Main Street in Waterboro during business hoursĀ to apply in-person.
We have RV loans to help you financing a snowmobile. Click here to view our RV loan information.
Our loans are risk-base priced so rates are determined by loan amount, term and credit worthiness. View Rates
Of course! We care about saving you money, so if we can beat the rate you currently have with another bank or credit union, we would love to refinance your vehicle!
Yes! 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.

What It’s Like When Your Credit Union Cares

Financial Confidence

We are here to listen to your goals, needs, and struggles and then make recommendations for you that won’t break the bank!

Convenience

Banking should be easy! With three branches and online and mobile apps, we try to make banking easy and convenient for you.

Family

Sometimes life throws us a curve-ball and we need help. Saco Valley is your financial family. We want to help and will often have the tough conversations needed to help you get through a tough time.