Used Car Loan

Auto Loans No Payment Until 2021

Depending upon credit quality the first payment may be delayed for up to 90 days. First payment due dates will be set based upon credit quality and will range anywhere from 45 to 90 days. Interest will continue to accrue on the loan balance from the date of inception until the deferred payment start date. Not eligible for existing Chartway auto loans.

Apply today, shop today! A pre-approved auto loan from Chartway is fast and easy.

Use our auto loan calculator to see how various loan terms and amounts will affect your payments. Please note, these payments will vary based on your credit score and credit history.

How much do you want to spend on your vehicle monthly?

Borrow for 60 Months and

you can borrow up to:
Loan Amount

Borrow for 72 Months and

you can borrow up to:
Loan Amount
Payment estimates based on new vehicles (2020 Models) with less than 6,000 miles and no trade-in value or down payment. Payments may vary based on your credit. Auto debit discount of 0.25% APR, loan to value of less than 90% discount of 0.25% APR, and Chartway Car Buying Service discount of 0.25% APR. Discounts may not exceed 0.75% APR.

Used Auto Loan Features

The standard features we offer on our used car loans include:

  • Flexible loan terms
  • Low rates
  • Multiple loan amounts
  • High loan to value (LTV) ratios
  • Option to skip payments up to twice per year
  • No payments for up to 45 days

Qualified applicants may also qualify for bonus features, including pre-approval checks and a free 3-month trial subscription to our SiriusXM All Access package.

The purpose of each of these features is to make your car buying experience as simple and rewarding as possible. We’ll take on all the hassle, all while providing you with favorable interest rates and the right terms for your needs.

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Used Auto Loan Services

At Chartway FCU, we provide our customers with a wide range of services, including the following add-ons to our used car loans.

Mechanical Repair Coverage

In some cases, your vehicle (or parts of it) may still be under warranty if it’s under two or three years old, but after that point, you may need to get repairs done.

Qualifying used cars may be eligible for Mechanical Repair Coverage (MRC), which covers repairs after the manufacturer's warranty expires. The types of repairs covered depend on the level of coverage you choose, and it’s only available on vehicles below a certain mileage. If you sell the car, MRC can be transferred.

Guaranteed Asset Protection

Guaranteed Asset Protection (GAP) is designed to supplement regular car insurance by covering the difference between the worth of your vehicle and the outstanding balance on your loan. If you owe more than your car is worth and it’s declared a total loss, GAP insurance covers the difference between the settlement you’d receive and the amount you still owe.

On used vehicles, GAP insurance is especially recommended if you only made a small down payment or if the vehicle has fairly low mileage. Certain limitations may also apply.

Used Auto Loan Resources & Support

Questions? Concerns? Not certain which used car financing options are best for you? We’ll steer you through the process and assist you in choosing the best used auto loan terms for your needs and budget.

The used car loan services we offer our members include:

  • APR rates
  • Interest rates
  • Multiple lease options
  • Payment schedules
  • Advice on whether to lease or buy
  • Used auto loans
  • Online applications

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Find The Perfect Car For Your Needs

Each person and family has their own needs when it comes to a vehicle. We’re here to assist you in choosing the best used car for your lifestyle through our Chartway Car Buying Service. This service, powered by TrueCar, helps you find just the right car for the right price, and you’ll even get access to special savings.

Get Pre-Approved For Your Used Auto Loan

For used car loans with fixed rates and flexible terms, look no further than Chartway FCU. We’ll help you get pre-approved so you can shop without any hassle or stress. Start the pre-approval process now!

Apply Now

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