Auto Loans

Auto Loans

Auto Refinance for a Reason Promotion

IFCU is all about making a difference in our communities, and our member's financial futures. So, join us in our Refi for a Reason cause. Together we can make a difference!


We make getting an auto loan easy!

Whether you're buying new or used or refinancing from another lender, we can help simplify the loan process. Take advantage of our low rates, quick approvals and personal service.


The best auto loan for you

Competitively Low Auto Loan Rates

New and Used Auto

  • Take advantage of low auto loan rates
  • Refinance your current auto loan
  • Fast, free online auto loan application
  • Flexible terms up to 72 months to help keep your payments low

Get Pre-Approved

  • Get pre-approved so you can flex those negotiating muscles to get the best possible price.

Local Lending

  • Relationships matter. Know you’re getting the best deal possible by working with your local partner.
  • No pre-payment penalty for paying off the loan early
  • Compute day-by-day interest rates
  • No application fees
  • Local loan decisions.
  • Talk to your loan officer
  • Pre-approvals available
  • Walk out with your loan or funds

GAP Coverage
GAP Coverage
This optional coverage helps pay off your auto loan if your car is totaled or stolen and you owe more than the car's depreciation value.
Covering the Gap

If you're purchasing a new car you might want to consider GAP Coverage.

GAP Coverage
Mechanical Breakdown
Mechanical Breakdown Protection
This warranty program provides protection against the cost associated with most of your vehicle's mechanical breakdowns beyond the normal terms and conditions of the manufacturer's standard warranty and after the warranty has expired.
All the Protection You Need

You'll enjoy "Peace of Mind" because even the most reliable vehicle can develop a mechanical problem.

Mechanical Breakdown Protections
Payment Protection
Payment Protection Insurance
By electing Payment Protection on yor loan, you can rest easy knowing you're covered in life's most unpredictable events.
Piece of Mind

Payment Protection includes coverage options for life, unemployment, and disability payment coverage.

Payment Protection Insurance
Auto Insurance Discount
Auto Insurance Discount
Your IFCU membership entitles you to discounts on your auto insurance.
customized auto Insurance

Making sure your vehicle and family are protected with the correct coverage is crital.

Auto Insurance Dsicount

Calculate your Auto Loan Payment



Auto Loan Rates

Rates as Low as:
New Auto up to 36 months2.74% APR*
New Auto 37-72 months2.99% APR*
Used Auto up to 36 month2.74% APR*
Used Auto 37-72 months2.99% APR*

Solid Advice you can trust

What A Car Loan Costs
What a Car Loan Costs
When shopping for a car, it's usually best to start by shopping for a car loan.

When you’re shopping for a car loan, remember that what it costs you to borrow depends on three things:

• The finance charge, expressed as an annual percentage rate (APR)
• The term, or length of time the loan lasts
• The principal, or amount you borrow

What A Car Loan Costs
Reasons to Refinance
Reasons to Refinance
Refinancing can be beneficial if everything lines up in your favor. What can you get out of it? The list is long and exciting for someone stuck with loan payments that they aren’t happy with.
What A Car Loan Costs

FAQs

Do I need to get pre-approved before going to the dealership?

It’s not required, but suggested so that you’ll have extra bargaining power at the dealership. Knowing how much you’re approved for ahead of time also helps you stick within your budget.

What Else Can I Get With My Auto Loan?

IFCU offers a variety of products to help protect you and your vehicle, including:

Guaranteed Asset Protection (GAP)
Mechanical Repair Coverage
Payment Protection Insurance
Discounts on Auto Insurance

What If I Want To Lower My Monthly Auto Loan Payment?

Consider refinancing your existing non-IFCU auto loan with us to save on your monthly auto loan payment.

Can I Get IFCU Financing Through The Dealership?

IFCU financing is available at most Central Indiana dealerships. When you purchase new or used autos at participating dealerships, you can finance through IFCU and complete the loan at the dealership.

Do you finance Auto Loans outside of Indiana?

Yes, as long as you are an IFCU member or qualify for membership, we will be happy to help you purchase an automobile located in a state outside of Indiana.

Free Financial Calculators

Access our complete library of both loan and deposit calculators.

CHECK THEM OUT!

*Annual Percentage Rate (APR). All loans are subject to approval and individual rates may vary based on your credit score, terms, and underwriting conditions. Your actual rate may be higher. Certain restrictions and conditions may apply. We may offer other terms and conditions connected with this offer. There may be other costs associated with some loans. Rates are subject to change without notice. Contact IFCU at (765) 771-8000 for more information.
**As an example, if your current Share Certificate term is 36 months at 1.10%, the resulting APR of 6.60% will be used, which is subject to change. Click here for current rates.

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