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Loans & Credit

New and Used Auto Loans

If you are in the market for a new or used car, we've got low rates that could get you into your dream car!  When you finance your car with us, you get:

  • Rates as low as 1.49% APR* on new cars
  • Rates as low as 1.74% APR* on used cars
  • Financing up to 125% of the purchase price, MSRP, or NADA retail value, whichever is lower1
  • NO payments for the first 90 days**
  • Loan terms up to 84 months
  • Skip A Payment option twice a year
  • An easy application process

Get Pre-Approved

Before you visit a dealership, get pre-approved for an auto loan from CommonWealth One. You can afford more than just the purchase price with our option of 125% financing, which allows you to customize your new car the way you want with premium dealer packages and options.  You’ll be in the driver’s seat when negotiating your deal by knowing exactly how much you can afford.

Protect Your Investment

  • Guaranteed Asset Protection (GAP) helps protect against financial loss if your vehicle is stolen or declared a total loss. You pay only $299 for GAP or finance it into your loan balance
  • Mechanical Repair Coverage is our comprehensive coverage that pays for the cost of parts and labor for any covered vehicle
  • ProtectOne Debt Protection Package repays your loan balance in full in the event of loss of life, disability, and involuntary unemployment

Auto Loan Refinancing

Lowering your monthly payment can increase your cash flow and help you save money.  If you are looking to lower your auto loan payments, reduce your interest rate or payment term, CommonWealth One can help.  Refinance your auto loan and get rewarded with some of the lowest rates available.

Loan Perks

Loan Loyalty Rewards

Get rewarded when you have an active Checking Account or Loan with CommonWealth One.  Our Loan Loyalty Rewards program rewards you for the relationship you have with CommonWealth One, making it beneficial to get all your loans from us.

Apply for a new loan or refinance an existing loan from another financial institution and receive .50% off the interest rate on auto, personal, motorcycle, and RV loans. The more business you do with CommonWealth One, the greater the rewards!

It’s easy to qualify too. Just actively use one of the following products with us:

  • Checking Account or One Line
  • Credit Card
  • Auto, Personal, Motorcycle, Boat, RV, or Student Loan

Skip A Payment

Skip a payment on a loan and use the extra cash for the holidays, a special purchase, take a healthy chunk out of debt, or just enjoy the peace of mind of a month without bills!  You can skip eligible loans twice a year.

Disclosures

  • *Annual Percentage Rate (APR). Rates shown reflect a .50% reduction for Loan Loyalty Rewards. For more information, please contact us.  Rates are subject to change without notice. All credit union rates and terms are based upon the evaluation of applicant(s) credit. Your actual rate may vary.
  • **90-Days no payment offer for qualified borrowers. Some restrictions may apply.
  • 1Financing is available up to 125% of MSRP on new cars and up to 125% of NADA retail value on used cars.
  • Loans are subject to a minimum monthly payment of $45.00.
  • Refinanced funds cannot be used to pay off existing CommonWealth One loan balances.
  • Car loans with terms of 61 to 72 months require a minimum $15,000 purchase price. Car loans with terms of 73 to 84 months require a minimum $25,000 purchase price.