Gateway offers loans for the purchase of new or used automobiles.

If you are considering buying a new car, make your first stop Gateway Credit Union. While Automobile dealers often offer attractive rates as a come on, these loans are often not in your best long-term interest. Most individuals do not qualify for 0% financing or special offers from the dealership.

Come to Gateway or call us and we can discuss your financing options. We'll assist you in figuring out what is the best loan for you in a no-pressure environment. We want you to get the best deal possible.

Current Automobile Terms and Rates

  

Effective Date: 01/13/05
Rates as low as:

Annual Percentage Rate by Year of car (New or Used)

Term in Months

 New
2005/2004		 Used
2005/2004/2003		 Used
2002/2001 		Used
2000  		Used
1999/1998  		Used
1997 & Older
30 3.50% 5.00% 7.00% 8.00% 9.25% 10.25%
36 3.75% 5.25% 7.25% 8.25% 9.50% 10.50%
42 4.75% 5.50% 7.50% 8.50% 9.75%
48 5.00% 5.75% 7.75% 9.00% 10.00%
54 5.25% 6.00%
60 5.50% 6.25%
72 5.75%

Lending Guidelines:

New Autos:

100% Manufacturers Suggested Retail Price (MSRP)

Used Autos:

100% NADA Retail Value

Notes:

Any vehicle with over 2500 miles will be considered used.

All applicable filing fees (Local, County, State, and Federal) are charged to the borrower.

All Annual Percentage Rates shown are subject to change.

Empirica Scoring used to determine rates.
On all private sale auto loans, the loan officer must see the vehicle prior to approval of the loan. If this is not possible, an appraisal from a licensed appraiser will be required, the cost of which will be incurred by the member.

Please contact us to obtain additional information concerning loan terms, conditions, fees, and rates.