First Time Buyer

Chaffey FCU Introduces First Time Auto Buyer Program

Finance your first car with Chaffey FCU

Buying that first vehicle is a major decision, at an exciting time. For first time buyers, it can also be difficult to secure a vehicle loan if you have little to no existing credit history.

To help out, we're introducing a new loan at Chaffey FCU - the First Time Auto Buyer - to make your car purchase go as smoothly and pleasantly as possible.

Loan details include:

  • Loan Amount: up to $10,000
  • Repayment Terms: Up to 66 months
  • Rate: as low as 7.75% APR*
  • Monthly Payment: Your payment can be as low as $186.57 per month if you were to borrow $10,000 at 7.75% APR for 66 months.

Apply today, and receive a response within 24 hours**!

Apply Today! Click Here

*APR = Annual Percentage Rate. Loan approval is subject to credit and income verification and is not a firm offer of credit. Other rates and terms available. Limited time offer. All rates subject to change without notice. Other conditions apply. ** Decisions/answers contingent upon receipt of completed application. 24 hours = 1 business day. This credit union is federally insured by the National Credit Union Administration.

Qualifications and Details:
a. Must be at least 18 years old and able to repay the loan.
b. Must be employed for a minimum of one year.
c. Minimum gross monthly income requirement is $1,500.
d. Monthly payment not to exceed 20% of gross income, including insurance premium.
e. Payments must be set up on Direct Deposit or Payroll Deduction.
f. Terms up to 66 months available.
g. Maximum Loan to Value 90% with a minimum 10% cash down.

1. Certificate is not transferable and may be used only by the named Member.
2. Valid for a new or used vehicle model year 2006 or newer.
3. Loan amount is subject to collateral value.
4. Offer may be withdrawn if you recently financed a vehicle with CFCU.
5. Verification of income will be required.
6. Loan amount is based on credit qualifications and ability to repay. CFCU has a loan program which features a range of interest rates for some of its consumer loans. A rate is based on a variety of factors, including the applicant’s credit rating and CFCU account history.