Skip to main content
smiling people in car

Auto Loans

Whether you’re buying your first car or upgrading to the vehicle of your dreams, as an SECU member, you get access to competitive auto loan interest rates that fit your budget.

Car shop with confidence 

For members 18 years or older1, SECU provides vehicle loans with flexible terms and competitive interest rates. We are offering an additional 0.50% interest rate discount to certain qualifying2 North Carolina state employees and state retirees. 

Explore our auto loan programs and offerings:

New auto loans

Always dreamed of a shiny new car right off the lot? Get the financing you need for the vehicle you want.

  • Fixed interest rates
    Shop and buy knowing what you’ll spend on a monthly basis.
  • Flexible terms
    For new vehicles (must be prior, current, or upcoming year model) with 10,000 miles or less, up to 96-month terms3,4 available.

Used auto loans

Finance a new-to-you car with a used vehicle loan or refinance an existing loan.

  • Fixed interest rates
    Shop and buy knowing what you’ll spend on a monthly basis.
  • Flexible terms 
    Terms up to 72 months3,4,5 for vehicles less than 10 years old with 150,000 miles or less.

Estimate your auto loan rate

Tell us a little about your credit history and the type of vehicle loan you need in order to estimate an accurate loan rate.

  • SECU uses FICO® Score6 to determine loan rates in addition to loan term and model year.
  • You can see your FICO Score in Member Access or the SECU App if you already have a lending relationship with SECU.
  • This tool is for estimation purposes only. Contact your local branch, Member Services Support at (888) 732-8562, or apply online to get your actual rate.
young girl driving car

Stay protected on the road

We require collision and comprehensive insurance coverage with a maximum deductible of $1,000 throughout the term of auto loans to protect you and your investment in a new or used car.

Looking for a provider? Talk with an insurance specialist to explore your auto insurance options.7

man inspecting damage to car

Keep your finances secured after an accident

Guaranteed Asset Protection (GAP) coverage helps ensure that unexpected out-of-pocket expenses remain minimal if your car is subject to a total loss.8,9 If your car is totaled in an accident,8,9 insurance settlements are based on the actual value of your vehicle and don’t always cover the total balance of your vehicle loan. GAP coverage helps to bridge the difference between your insurance settlement amount and your loan balance.10

Our GAP coverage11 is available on new loans12 for a flat fee of $675.

Features of GAP:
  • 90-day "free look" period: During the first 90 days of the loan, coverage may be canceled for a full refund. The refund is applied to the outstanding loan balance.11

  • Available for new and used cars, light trucks, vans, and SUVs.13

  • Maximum claim benefit of $50,000.

  • Maximum market value of the vehicle is $100,000.14

GAP should be considered when you:
  • Drive a lot of miles annually; this decreases your vehicle’s value more quickly.

  • Finance the purchase of a vehicle with a minimal down payment, resulting in a high loan-to-value.

  • Trade in a vehicle with negative equity and the amount still owed is rolled into the new vehicle loan, resulting in a high loan-to-value (LTV is the ratio comparing the amount of your loan with the appraised value of the vehicle). 

  • Have a loan term that is longer than 60 months.

key opening car door

Auto Power Program for new and used cars

Our Auto Power Program allows you to purchase a new or used vehicle at your convenience without the hassle of dealer financing. Auto Power provides a pre-approved check up to a specific dollar amount. This check can be used to purchase a vehicle from a licensed auto dealer. You can make a deal and drive away without visiting an SECU branch.