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AFFCU Auto Loan Calculator, Interest Rates, & Overview

Carla Soto
Carla Soto
Updated 09 September 2023
Fact checked

A quick review of Air Force Federal Credit Union auto loans

Air Force Federal Credit Union logo
Air Force Federal Credit Union has a wide range of vehicle loans with flexible terms and competitive rates to fit almost any need. If you’re interested in buying a car or truck from a dealer or private seller, AFFCU can help. They also offer up to 100% financing for power sports vehicles, watercraft vehicles, and recreational vehicles. Refinancing for new and used vehicles is also available for a potentially lower monthly payment.

Do you want to get an estimate of an AFFCU car & truck loan or other types of vehicle financing? Check out the AFFCU auto loan calculator below! Just enter your desired loan amount and repayment term. If you’re unsure about the potential repayments on the screen, adjust the figures accordingly until you like what you see.

Key AFFCU auto loan features

  • Minimum loan amount: Undisclosed
  • Maximum loan amount: Undisclosed
  • Interest rates: Annual Percentage Rate (APR) is based on the applicant’s creditworthiness. Loans start from 5.59% APR over 60 months for cars and trucks; from 5.00% over 36 months for power sports vehicles; from 5.00% over 60 months for watercraft vehicles; from 5.00% over 60 months for recreational vehicles; from 5.59% over 60 months for vehicle refinancing. See the product table below for more details.
  • Loan terms: Up to 84 months for new and used cars and trucks; up to 60 and 48 months for new and used power sports vehicles, respectively; up to 84 months for new and used watercraft vehicles; up to 144 and 120 months for new and used recreational vehicles.
  • Loan fees: Undisclosed
  • Discounts: Undisclosed

AFFCU vehicle loan options

New and used car & truck loans

  • Interest rates for car and truck loans (new and used) start from 5.59% APR for up to 60 months, from 6.19% APR for up to 72 months, and from 6.99% APR for up to 84 months.
  • Loans for cars and trucks are available for up to the 2013 model year (10 years old).
  • There are more than 70 car brands to choose from this list of vehicles make on the application portal.
  • The applicant’s credit standing will be evaluated to determine the final APR.
  • Loan rates are subject to change without prior notice.

New and used power sports vehicle loans

  • Loans for new motorcycles, ATVs, and other power sports vehicles start from 5.00% APR for up to 36 months, from 5.50% APR for terms between 37 and 48 months, and from 6.00% APR for terms between 49 and 60 months.
  • Loans for used motorcycles, ATVs, and other power sports vehicles (current model up to 3 years old) start from 5.00% APR for up to 36 months, from 5.50% APR for terms between 37 and 48 months, and from 6.00% APR for terms between 49 and 60 months.
  • Loans for used motorcycles, ATVs, and other power sports vehicles (4 to 8 years old) start from 5.50% APR for up to 24 months, from 6.00% APR for terms between 25 and 36 months, and from 6.50% APR for terms between 37 and 48 months.

New and used watercraft vehicle loans

  • Loans for new boats, jet skis, and other watercraft vehicles start from 5.00% APR for up to 60 months, from 5.50% APR for terms between 61 and 72 months, and from 6.00% APR for terms between 73 and 84 months.
  • Loans for used boats, jet skis, and other watercraft vehicles (current model up to 3 years old) start from 5.00% APR for up to 60 months, from 5.50% APR for terms between 61 and 72 months, and from 6.00% APR for terms between 73 and 84 months.
  • Loans for used boats, jet skis, and other watercraft vehicles (4 to 8 years old) start from 6.00% APR for up to 60 months, from 6.50% APR for terms between 61 and 72 months, and from 7.00% APR for terms between 73 and 84 months.

New and used recreational vehicle loans

  • Loans for a new caravan, camper trailer, tent trailer, travel trailer, motorhome, fifth wheel, or other RVs start from 5.00% APR for up to 60 months, from 6.00% APR for terms between 61 and 84 months, from 6.50% APR for terms between 85 and 120 months, and from 7.00% APR for terms between 121 and 144 months.
  • Loans for a used caravan, camper trailer, tent trailer, travel trailer, motorhome, fifth wheel, or other RVs (current model up to 4 years old) start from 5.00% APR for up to 60 months, from 6.25% APR for terms between 61 and 84 months, from 6.75% APR for terms between 85 and 120 months, and from 7.25% APR for terms between 121 and 144 months.
  • Loans for a used caravan, camper trailer, tent trailer, travel trailer, motorhome, fifth wheel, or other RVs (5 to 10 years old) start from 5.50% APR for up to 60 months, from 6.75% APR for terms between 61 and 84 months, from 7.00% APR for terms between 85 and 96 months, and from 7.25% APR for terms between 97 and 120 months.

Vehicle refinancing

  • Interest rates for vehicle refinancing start from 5.59% APR for a 60-month term, from 6.19% APR for a 72-month term, and from 6.99% APR for an 84-month term.
  • AFFCU has refinancing options for vehicles up to the 2013 model year (10 years old) and for over 70 car brands from this list of vehicles make.
  • Refinancing on AFFCU can potentially lower your monthly payments.
  • Terms can range between 12 and 84 months with zero repayments up to 60 days.
  • Loan rates are subject to change without prior notice.

Air Force Federal Credit Union auto loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
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Loan Amount

$25,000

Term

60 months

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Air Force Federal Credit Union

Air Force Federal Credit Union auto loan

Air Force Federal Credit Union auto loan
Estimated Month Repayments
$595 Inclusive of fees
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Get a low interest rate Air Force Federal Credit Union auto loan
Featured
Achieva Credit Union

Achieva - New Auto Loan

Estimated Month Repayments
$437 Inclusive of fees
Interest Rate
1.89%
APR
Repayment Period
12 months
to 84 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Low fixed interest rates. Flexible terms. Same-day approvals. No hidden fees.
Featured
Bank of America

Bank of America auto loan

Estimated Month Repayments
$595 Inclusive of fees
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Get a low interest rate Bank of America auto loan

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Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

How to apply for an Air Force Federal Credit Union auto loan

Eligibility criteria

  • You must be a member of the Air Force Federal Credit Union.
  • You must be at least 18 years old or have the legal capacity to contract for car financing in your state of residence.
  • You must be either a U.S. citizen or a resident alien (permanent or non-permanent).

How to join Air Force Federal Credit Union

There are many ways to qualify for membership at Air Force Federal Credit Union. You can join as long as you meet one of these eligibility requirements:

  • Your residence, school, business, or place of worship is located in these AAFCU service areas: within Bexar County in San Antonio, Texas; surrounding counties of Del Rio, Texas; and Mississippi counties of Oktibbeha, Lowndes, and Clay.
  • You are related by marriage, blood, or adoption to a qualified AFFCU member or you live with a qualified AFFCU member.
  • You are an active duty member or reservist of the National Guard or U.S. Armed Forces in Arkansas, Louisiana, Mississippi, Oklahoma, or Texas.
  • You are a retiree or veteran of the National Guard or U.S. Armed Forces in Arkansas, Louisiana, Mississippi, Oklahoma, or Texas.
  • You are a dependent of a member of the National Guard or U.S. Armed Forces in Arkansas, Louisiana, Mississippi, Oklahoma, or Texas.
  • You have made a donation to any of the following: Airman Heritage Foundation or Dream Educational Foundation.
  • View the full criteria eligibility at the AFFCU website.

Here are the steps to complete your AFFCU membership application:

  • Visit the website to fill up a membership application form.
  • Enter the details about your identity, place of residence, and income source.
  • Make sure to let them know what is the best way to contact you and how you’re going to pay for the initial deposit.
  • For a joint account, you will also need to submit your secondary applicant’s personal information too.
  • Use your debit/credit card to deposit a minimum $5.00 to your new Primary Savings account. This is required to complete the application.

What you’ll need to have ready:

When you apply for auto financing with Air Force Federal Credit Union, you’ll be asked to provide personal information such as:

  • A valid form of ID (unexpired Driver’s License, Government or State issued ID, or Passport with current address)
  • Your complete physical and mailing address (and previous address if at current address less than two years)
  • Information for funding your new account (credit card or debit card)
  • Your Social Security Number
  • If applying for a joint membership/account, the secondary applicant’s information

You may need to provide Air Force Federal Credit Union with additional documents to complete your loan request. These documents may include a purchase agreement or bill of sale, car registration and title, instructions for buying out a lease, proof of income (such as federal tax returns and W-2s), and financial statements.

Suppose you’re buying a used car, applying for a refinance loan, or making a trade-in, you may also need to provide the lender with the following details below:

  • Year, make, and model of the vehicle
  • Vehicle identification number (VIN)
  • Car mileage
  • Purchase price
  • Original title
  • Disclosure of lien details of the vehicle

Ways to apply for an Air Force Federal Credit Union auto loan:

  • Apply online by clicking the GO TO SITE link in the table below
  • Stop by an AFFCU Financial Center or Co-op Shared Branch
  • Call 210-673-5610

Additional AFFCU auto loan details

  • Automatic payment: Available.
  • Loan approval times: Did not specify. However, the website says online application takes only a few minutes and there is a quick application turnaround.
  • Rate discounts: Undisclosed.
  • Repayment frequency: Weekly, bi-weekly, semi-monthly, monthly, and yearly.
  • Late payment fees: $25.
  • Prepayment penalty: Undisclosed.
  • Co-borrowers allowed: Yes.
  • Co-signers: Yes.
  • Ways to repay: Mailed-in check, online banking, mobile app, QuickPAY, and in person.
  • Hardship program: Available.

Vehicle restrictions and limitations

  • Maximum vehicle age: Up to 10 years for cars, trucks, and recreational vehicles; up to 8 years for power sports and watercraft vehicles.
  • Maximum vehicle mileage: Undisclosed.
  • Other vehicle restrictions: For more information and other restrictions on loan products, you can contact the credit union.

Pros and cons

Pros

  • Offers financing and refinancing options for a wide variety of vehicle types, vehicle ages, and vehicle make.
  • Covers up to 100% financing for qualified borrowers on powersport vehicles, watercraft vehicles, and recreational vehicles.
  • Facilitates preapproval and fast application turnaround.
  • Facilitates fast approval proc
  • Allows co-signers and/or co-borrowers.
  • Provides plenty of loan protection plans.
  • Provides discount on auto insurance via TruStage.
  • Provides deferred payment option or Skip-a-Payment.
  • Accepts trade-ins.
  • Accepts applications in all 50 states regardless of citizenship status as long as applicants are AFFCU members.
  • No downpayment for qualified borrowers.
  • No payment for 60 days.

Cons

  • The loan amount is unclear.
  • No information on rate discounts, prepayment penalties, or other loan fees.
  • No information on loans for commercial-use vehicles.

Frequently asked questions

Are the AFFCU auto loans available in all 50 states?

Yes. AFFCU auto loans are available in all 50 states. As long as you are qualified for membership, you can apply for vehicle financing regardless of your citizenship status. The application can be done through the online portal in a matter of minutes. Alternatively, you can visit any of the 5,000 participating branches nationwide to submit your auto loan application.

Are AFFCU auto loan interest rates fixed or variable?

AFFCU auto loans have variable interest rates. The credit union uses the applicant’s credit report and other information to determine the final rate. Rates are subject to change without prior notice.

Are there discounts available on AFFCU vehicle financing and refinancing?

The credit union did not provide any information if there are discounts available for their vehicle financing and refinancing products. However, AFFCU members may qualify for a discount from TruStage car insurance.

What is the maximum term of AFFCU vehicle financing?

Term lengths vary based on the vehicle financing option you choose. The maximum loan term is as follows: for new and used car and truck loans, up to 84 months; for new and used power sports vehicle loans, up to 60 months; for new and used watersport vehicle loans, up to 84 months; for new and used recreational vehicle loans, up to 144 months; for vehicle refinancing, up to 84 months.

Does AFFCU offer vehicle refinance loans?

Yes. AFFCU offers refinancing for a wide variety of vehicle types with potentially lower monthly payments. Terms can last up to 84 months (7 years) for new and used vehicles. You can expect a fast turnaround and you don’t have to worry about repayment for up to 60 days.

Can I purchase a commercial vehicle with an AFFCU auto loan?

The AFFCU website has no information regarding auto loans for commercial or business purposes. The credit union, however, offers savings secured loans which you can use to purchase a commercial vehicle if you want. Borrow up to 100% of your own money without undergoing any credit check.

How much must I earn to qualify for an AFFCU auto loan?

AFFCU did not indicate the minimum income requirement to qualify for an auto loan. However, you need to submit documents regarding your income sources via the online application page. As a general rule of thumb, it’s recommended that you’re consistently earning income for at least 6 months to show that you are able to make your monthly auto loan payments. You may also need to submit your financial statements for the past 2 years for an evaluation.

What information do I need to provide when applying for an AFFCU car loan?

When applying for a car loan at AFFCU, you will be required to disclose personal information related to your identity, place of residence, and citizenship. You will also need to upload documents showing proof of employment, sources of income, and credit history. If you have a co-applicant and/or co-signer, he or she will need to provide the same details. All of these are necessary for the credit union to evaluate your loan eligibility and capacity to pay.

Video: AFFCU auto loans

Carla Soto
Carla Soto

Carla is a skilled copywriter at BestFind with a background in marketing and communications. She specializes in reviewing personal loan and finance products to help readers navigate the complex world of personal finance.

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