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Auto Loans
Welcome to easy street.
Thanks to our range of terms, versatile payment options, and an easy, intuitive one-time application, we make buying a car simple and affordable.
Are you looking for a car?
Already have one?
Whatever your situation, at UMassFive we want to make your auto experience easy and accessible - and thanks to a wide range of options, we will get you behind the wheel in no time.
If you already own a car, we might be able to help shorten your existing terms and/or lower your existing rate through refinancing.*
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Quick & Easy: An Intuitive Application
Apply online. Quick, easy, and only once. What's more? Most members get a decision the same day.
Shorter & Lower:
Already own a car and working with another lender?
We might be able to help you shorten your term, lower your rate, or both! *
Fair & Flexible: Terms that work
- Financing up to 125%
- Terms up to 84 months
- Flexible payment options
- No prepayment penalties
Lower Your Rate Even More With Co-op Points
That's right. With 2,500 Co-op Points, you can reduce your Auto Loan rate by 0.25%. Do you have 5,000 Points? You can reduce that rate by up to 0.50%!
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Auto Loan Rates
| Product | Annual Percentage Rate (APR) | APR: 2,500 Co-op Points | APR: 5,000 Co-op Points | Max Term |
|---|---|---|---|---|
| Rates Start at... | ||||
| Autos: New, Used, and Refinancing | 6.24% | 5.99% | 5.74% | 24 to 66 Months |
| Autos: New, Used, and Refinancing | 6.99% | 6.74% | 6.49% | 67 to 72 Months |
| Autos: New, Used, and Refinancing | 7.79% | 7.54% | 7.29% | 73 to 84 Months |
Payment example: 6.24% for 66 months equals $17.94 per $1,000 borrowed.
*In order to keep our rates low, we do not offer refinancing on existing UMassFive Auto Loans.
Ready to apply for your Auto Loan?
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For disclosures and additional details, visit here.
Resources:
Financial Knowledge:
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