Auto Loan
We make it easy to get behind the wheel with great rates and fast loan decisions.
Call us at 800-341-9911 or visit an office
Auto Loans As Low As 4.54¹ APR
We make it easy to get behind the wheel with great rates and fast loan decisions. Purchase or refinance today! Apply Now
Our competitive interest rates, local loan decisions, and flexible repayment terms will keep you smiling as you get behind the wheel. Use our auto loan calculator to find out how much car you can afford, or see our great auto loan interest rates below. Then use our easy online application to get preapproved and save time at the dealership.
2023 & Newer Vehicle Rates
2016-2022 Vehicle Rates
2015 & Older Vehicle Rates
Frequently Asked Questions
What auto loan options does Royal Credit Union offer?
Royal Credit Union offers auto loans for both purchasing and refinancing vehicles. You can finance new and used cars and trucks with competitive interest rates, local loan decisions, and flexible repayment terms.
What loan terms are available for auto loans at Royal Credit Union?
Loan terms vary by vehicle age. For newer vehicles, terms range from 24 months up to 84 months. For older vehicles, terms range from 24 months up to 75 months. Shorter terms generally come with lower interest rates, while longer terms offer lower monthly payments.
Can I get preapproved for an auto loan at Royal Credit Union?
Yes. You can use Royal's easy online application to get preapproved and save time at the dealership. A preapproval lets you know how much you can borrow before you shop, giving you the confidence to negotiate and make a purchase decision knowing your financing is already in place.
How fast can I get approved for an auto loan at Royal Credit Union?
Royal Credit Union offers an easy application process, fast approvals, and local loan servicing. Same-day decisions are available on most loan applications, though approval times may vary. This means you can often get a decision quickly and be ready to make your purchase without a long wait.
Can I refinance my existing auto loan with Royal Credit Union?
Yes. Refinancing your vehicle could let you take advantage of lower interest rates and save money! When you refinance your auto loan at a lower rate or different term, you could save money on interest costs or reduce your monthly payment. Royal is able to refinance most auto loans from other lenders or your existing Royal Credit Union auto loan.
What is GAP protection, and should I consider it for my auto loan?
Guaranteed Asset Protection (GAP) is an optional loan add-on product that can help protect you financially. If your vehicle is deemed a total loss due to an accident or theft, you may wind up owing more on your loan than your auto insurance will cover, and GAP can help reduce or cover that difference. GAP also includes Deductible Assistance, which pays up to $500 per claim if your vehicle is damaged but not deemed a total loss, with a maximum of two claims every 12 months.
Does Royal Credit Union offer payment protection on auto loans?
Yes. Payment protection is an optional feature available on some loans that can cancel your loan balance or temporarily cancel payments in the event of death, disability, or involuntary unemployment. Limitations and exclusions apply.
Do I need full coverage insurance on my vehicle when financing with Royal Credit Union?
Yes. Royal Credit Union requires you to carry full coverage insurance, including comprehensive and collision, on any vehicle financed with a Royal auto loan. Royal Credit Union must also be listed as the lienholder on your auto insurance policy. If your coverage lapses, Royal may place insurance on your vehicle on your behalf at a higher cost.
Auto Refinancing
Refinancing your vehicle could let you take advantage of lower interest rates and save money!
Helpful Tools & Calculators
Get more information about auto loan options or use our auto loan calculators!
Research Garage
Do your own auto buying research from anywhere! You can shop local inventory, research new vehicles, request a quote, and apply for a loan. Our Royal Credit Union Research Garage is always open, before you ever visit a dealer.
