It's Our Anniversary!
Now thru September 3, we have even lower rates to help make owning your dream car a reality! We are celebrating our 75th Anniversary by offering you, our members, up to 0.75% off† our already low-rate auto loans!
With our special discounts, our auto loans offer:
- Rates as low as 1.74% APR* on New Cars
- Rates as low as 1.99% APR* on Used Cars
- No Down Payment Required1
- No Payments for the first 90 days2
- Skip A Payment option twice a year
- An easy application process
We also offer loan terms up to 84 months!
Just mention promo code "Anniversary75" to take advantage of this limited-time special offer!
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 financing up to 125% of the vehicle's retail price, you can 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.
- Guaranteed Asset Protection (GAP) helps protect against financial loss if your vehicle is stolen or damaged beyond repair. It costs as little as $299, and you can finance it with your auto loan.
- 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 and will make your loan payments in the event of 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 from dealers or other lenders and get rewarded with some of the lowest rates available.
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 0.50% 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
- Credit Card
- Vehicle Loan (Car, Motorcycle, Boat, or RV)
- Personal Loan
- Student Loan
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 a loan payment! You can skip eligible loans twice a year.
- † Discount of 0.75% includes Loyalty Rewards Discount of 0.50% for members with active checking accounts or qualifying loans (ONELine, vehicle loan, personal loan and/or credit card) and 0.25% discount off on auto loans of $20,000 or more. The 0.25% discount offer is valid July 1 -September 3, 2019.
- *Annual Percentage Rate (APR) is based on an evaluation of applicant’s credit. Your actual rate may vary. Rate reflects 0.50% discount for Loyalty Rewards and 0.25% discount offered on auto loans of $20,000 or more. Payments for $20,000 auto loan at 1.74% APR for 36 months are approximately $513.04 per month. Other rates and terms are available. Rates are subject to change without notice.
- 1Financing is available up to 125% of Retail Value on new and used cars.
- 2Qualified applicants may defer their first payment up to 90 days. Interest will continue to accrue.
- 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.
- Loans are subject to a minimum monthly payment of $45.00.
- Refinanced funds cannot be used to pay off existing CommonWealth One loan balances.
- Rates quoted reflect a 0.50% reduction for Loan Loyalty Rewards and 0.25% discount. Example: 2.49% (current rate) less 0.50% Loan Loyalty Rewards and 0.25% discount equals 1.74% (your final APR). For more information, please contact us.