Make Your Car-Buying Journey Simple and Rewarding
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Get behind the wheel of your dream vehicle with our competitive rates, flexible terms, and exclusive member benefits.
Seamless Financing for Every Drive:
Three Months
Without Payments
Without Payments
Enjoy payment-free driving for the first three months on qualifying loans.2
Up to 125% Financing
for Qualified Buyers
for Qualified Buyers
Cover the full cost of your vehicle, including taxes, licenses, and extended warranties.3
Skip-a-Pay When
You Need It
You Need It
Eligible members can skip one payment every six months allowing them to boost their budget when needed.4
Rates
FICO
Rate
Term
FICO 720+
Rate APR*
Term 36 Months
FICO 680-719
Rate 7.25% APR*
Term 36 Months
FICO 640-679
Rate 10.50% APR*
Term 36 Months
FICO 600-639
Rate 13.25% APR*
Term 36 Months
FICO 599 or below
Rate 16.75% APR*
Term 36 Months
Member Perks
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✓10-day Grace Period on Payments
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✓
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✓Additional Discounts Available for having a Shield Elite Checking Account or Direct Deposit with a DFCU Checking Account
Frequently Asked Questions
What do I need to apply?
Driver's License or Identification Card (We accept ITIN and MatrÍcula Consular), Two (2) Latest Paystubs, Vehicle Payoff Information (For Refinancing), and Vehicle Registration (For Refinancing). You don't need to be a member to apply, but you'll need to become a member for funding!What models are eligible for the lowest rate displayed?
For the latest models (Current, future and up to one-year old models) and used vehicles up to 5 yearsHow does my credit score affect my auto loan interest rate?
Your credit score plays a significant role in determining the interest rate on your auto loan. Generally, a higher credit score will qualify you for a lower interest rate, which can reduce the total cost of the loan. Conversely, a lower credit score may result in a higher interest rate and higher monthly payments. Speak to a financial advisor for your personal situation.Can I pay off my auto loan early, and are there any penalties for doing so?
With DFCU you can pay your auto loan off early without penalties, which can save you money on interest! Be sure to speak with a member service representative for exact details on your auto loan at the time of funding.Are there any late charges or processing fees?
Late payment charge (more than 10 days late): 20% of the interest due that month. $50 Documentation Processing Fee.Disclosures
1
APR = Annual Percentage Rate. Rates quoted are the best possible rate for each tier based on credit score and other factors, and include rate discounts for Shield Elite Checking account holders and direct deposit into a DFCU checking account. Other rates and terms are available. The actual rate you qualify for will be based on credit history and other factors. (Payment example: $15,000 loan for 48 months at 5.50% APR would require 48 payments of $349.62). Rates are subject to change without notice.
2
$0 Monthly Payment for 3 months: No Payment/loan deferral program only applies to new vehicles (model years 2024 & newer) and used vehicles up to 5 years old. New money only; no refinancing of a current DFCU loan. The minimum loan amount is $5,000. Loan interest will accrue from the date of loan disbursement & the life of the loan is extended by 3 months. Membership in good standing is required to qualify for this loan promotion. Primary member's FICO score must be 660 or greater. Members can make additional payments at any time. The actual rate you qualify for will be based on credit history and other factors. To see DFCU auto loan rates and terms visit www.downeyfcu.org.
3
Includes purchase price, tax, license, and extended warranty
4
Members are eligible to use DFCU's Skip-a-Pay service after six (6) consecutive payments on eligible loans, loan must be in good standing. If you do not include the $50 skip processing fee with your request or if there are insufficient funds available in the account you specify to pay the fee, your Skip-A-Pay request will not be processed, and your regularly scheduled loan payment must be paid. If you take advantage of this Skip-A-Pay offer, your loan will continue to accrue interest during that time. While deferring your next loan payment will extend the term of your loan, you always have the option of making additional or larger payments in the future with no prepayment penalty to pay down your loan faster. By accepting this offer, you request that Downey Federal Credit Union (DFCU) defer your next loan payment for the loan indicated. You also understand and agree that: (1) finance charges will continue to accrue at the rate provided in your original loan agreement, during and after that time; (2) deferring your next payment will result in you having to pay higher total finance charges than if you made your payments as originally scheduled; (3) this payment deferral will extend the term of your loan by one month and you will have to make extra payments after your loan would otherwise be paid off; and (4) you will be required to resume your next regularly scheduled monthly payment in the month following the deferred payment. All payment deferral requests are subject to DFCU approval. All DFCU accounts must be in good standing. All your DFCU loans must be current (have no amounts past due) at the time you choose to accept this offer for your qualifying loan. Certain other restrictions may apply. The loan has to be on the books for 6 months. 6 loan payments must be made before another payment can be skipped. Loans must be current - future payments only. Must be a minimum monthly payment of $100. Minimum balance of $1,000.00 remaining on the loan. No more than 1 late charge in the past 6 months.