Vehicle Loans
Premier Vehicle Loans
Whatever type of vehicle you're looking for, when you apply for a loan at Premier Source Federal Credit Union you'll enjoy fast service, convenience, and the personal attention you deserve. When you obtain an auto, motorcycle, or recreational vehicle loan from Premier Source Federal Credit Union, you can borrow up to 100% of the value of the vehicle. To determine the value or a new or pre-owned vehicle or motorcycle, utilize NADA Official Used Car Guide.
For some of the best vehicle loan rates in Massachusetts turn to Premier Source Federal Credit Union. Get pre-approved and save time!
Is your loan with another lender at a higher rate? Premier Source Federal Credit Union has some of the best auto loan rates, so come in and talk to us; we'll be happy to save you money. Or apply online.
Premier Source Federal Credit Union also offers a Skip-a-Pay Program with a vehicle loan where you can skip a loan payment twice during the calendar year! For more eligibility requirements, click here.
Buying a new or used vehicle?
Applying for a Premier Vehicle Loan is easy with our online application.
Apply now for a New or Used Vehicle Loan
Model Years 2021 and older.
Premier Vehicle Loan Rates and Terms
| Loan Type | Rates as low as APR* & Term | Monthly Payment per $1,000 Borrowed** |
|---|---|---|
| New Vehicle & Motorcycle Loan*** (2017 - Newer) 100% financing of NADA book value |
2.24% for up to 36 months |
$28.75 on 36-month loan |
|
Used Vehicle & Motorcycle Loan |
3.99% for up to 60 months |
$18.42 on 60-month loan |
|
New Recreational Vehicle Loan |
6.24% for up to 60 months |
$19.45 on 60-month loan |
|
Used Recreational Vehicle Loan |
7.25% for up to 60 months |
$19.93 on 60-month loan |
| Antique Vehicles (25 years old or older) $5,000.00 minimum up to 75% financing |
7.50% for up to 36 months 8.00% for up to 48 months |
$31.11 on 36-month loan $24.42 on 48-month loan |
*APR is Annual Percentage Rate. Rates and terms quoted are based on our "A+" credit grade. Your rate and term may be different depending on your individual credit score.
**Monthly payments per $1,000.00 borrowed.
***Collateral Protection Insurance required on ALL vehicles ($69.00) and Electronic Title Fee ($25).
All loans require proof of income (pay stub or tax return) and proof of vehicle insurance.
New & Used vehicles require a copy of the purchase agreement from the dealer (for a private sale, a copy of the owner’s title showing no lien is required).
Rates are effective June 1, 2020. All rates are subject to change without notice.