Auto Loans

Auto Loans is sponsored by Alternatives Federal Credit Union. Offers auto loans with flexible terms and affordable rates, including options for new, used, or refinanced vehicles.

Auto Loans | Alternatives Federal Credit Union Empowering Our Community, One Ride at a Time Already applied? Check your status Need a reliable car for work, school, caregiving, or everyday life? We can help you buy a new or used vehicle or refinance your current auto loan to get a payment that fits your budget.

Why Choose Alternatives for Your Auto Loan? At Alternatives, we don’t reduce you to a number. We look at your whole financial picture and work with you to find a path forward—so you can keep moving toward your goals.

As a Community Development Financial Institution (CDFI), we’re here to expand access to fair financing—especially for people who are often pushed toward high-cost loans with terms that don’t truly fit. We offer competitive rates , clear explanations, and support you can trust. I wasn’t really convinced that Alternatives would be that different from any other lender, but happily, they proved me wrong.

The loan officer I dealt with was fabulous. She said, “we base our loans on more than just credit score,” and in two days, I had an approved loan. -Amanda A.

Questions before you apply? Talk with a loan specialist about next steps, what you may qualify for, and what documents you’ll need. Choose virtual, in-person, or phone—whatever’s easiest.

Schedule a loan appointment Virtual, in-person, or phone Ready to move forward? Here’s what to have ready for your application.

Vehicle Purchase – New or Used Proof of Income (paystubs, social security benefits statement, disability) Identification (driver’s license, military ID, passport) Purchase offer from dealer or Bill of Sale from individual Copy of front of title from individual If a lien is showing on the title, we will need lien release or a 10-day payoff from the seller An Insurance binder from the borrowers insurance company listing Alternatives as the lien holder (contact your insurance company) Maximum deductible $1,000 Refinance from another financial institution Proof of Income (paystubs, social security benefits statement, disability) Identification (driver’s license, military ID, passport) 10-day payoff amount (from your lender) Copy of the title (we will need this before signing the loan documents) Insurance binder from the applicants insurance company listing Alternatives as a lien holder (contact your insurance company) Maximum deductible $1,000 Buying a new vehicle?

You may qualify for a tax deduction on the interest you pay. Learn the basics below. See the New Car Loan Interest Tax Deduction Plan with confidence — Calculators Not sure what fits your budget?

These calculators can help you explore options and feel more prepared—whether you’re shopping for a car or thinking about refinancing. Loan Protection—A little extra peace of mind Buying a car is a big step. Optional protections can help you avoid major out-of-pocket costs if your vehicle is totaled or stolen , or if you face unexpected repairs and common wear-and-tear issues.

At Alternatives, we’re here to support your financial well-being—not just approve loans. We’ll explain your options in plain language, answer questions without pressure, and help you choose terms that fit your budget. Ready to buy or refinance?

Apply now—or schedule an appointment if you’d like to talk it through first. Not ready to apply yet? Get loan-ready first.

A strong application starts with a plan—not a perfect credit score. Learn how to check your credit report, understand debt-to-income, and take practical steps that can improve your chances. No judgment.

Just clear next steps. Unlike traditional banks, we specialize in lending to individuals, organizations, and businesses in under-resourced communities, offering financial education, business coaching, and low-interest rate loans that increase economic potential and help build wealth.

Speak with a Financial Coach No need to figure it out yourself, coaches can provide help with money management, paying bills, building credit and housing issues. Speak with someone on our financial team or with a financial coach through our non-profit partner, Balance.