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AFCU Auto Loans Calculator & Overview

Carla Soto
Carla Soto
Updated 11 September 2023
Fact checked

America First Credit Union auto loans calculator, interest rates & overview

America First Credit Union logo
America First Credit Union offers a wide variety of auto loans for new and used cars, trucks, and SUVs. Eligible borrowers can get low rates from 6.74% APR over 96 months. Financing options for watercraft, power sport, motorsport, and off-road vehicles are also available from 8.49% APR for terms between 7 and 20 years. Other types of vehicle financing include declining rate auto loans, low-rate auto loans, RV balloon loans, and business vehicle loans. You can also consider looking into loan options such as TruStage auto insurance, Skip-a-Payment program, repossession sales, and Auto Smart car buying service to manage monthly payments and increase your savings.

How much can an America First Credit Union auto loan potentially cost you? How about other types of vehicle financing? Check out the America First Credit Union auto loan calculator below! Enter your desired loan amount and repayment term to view an estimate. You can easily adjust the numbers until you finally like what’s on the screen.

Key America First Credit Union auto loan features

  • Minimum loan amount: Undisclosed.
  • Maximum loan amount: Undisclosed.
  • Interest rates: Annual Percentage Rate (APR) is based on many factors including creditworthiness, income sources, down payment, and loan term. Rates start from 6.74% APR over 60 months for new and used car loans; from 6.99% APR over 60 months for declining rate auto loans; from 8.49% APR over 120 months for new and used RV loans; from 8.49% APR over 120 months for motorcycle loans and other vehicle financing options.
  • Loan terms: Up to 96 months for new and used cars; up to 180 months for new and used RVs, motorcycles, and other types of vehicles.
  • Loan fees: No application fees.
  • Discounts: Undisclosed.

America First Credit Union auto loan options

New and used auto finance

  • America First auto finance starts from 6.74% APR for a 5-year term and increases by 0.25% APR, 0.75% APR, and 1.75% APR for every 12 months extra.
  • Other rates are as follows: from 6.99% APR for a 6-year term, from 7.74% APR for a 7-year term, and from 9.49% APR for an 8-year term.
  • APRs for new and used car loans are the same.
  • The maximum interest rate for new and used auto finance is 18% APR.
  • An 8-year auto loan has a $30,000 minimum loan amount.
  • Creditworthiness, among other factors, is used to determine the final APR.
  • Loan rates at America First can change without prior announcement.

New and used auto finance (declining rate)

  • This vehicle financing option is an exclusive offer for online and in-branch applications.
  • Loans start from 6.99% APR over 60 months.
  • For each on-time monthly payment made, interest rates go down.
  • A declining rate auto loan from America First is applicable for new and used auto finance as well as refinancing vehicles.

Low-rate auto loans

  • This loan option is applicable for new and used cars, trucks, or SUVs.
  • The credit union also allows vehicle refinancing under this program.
  • No payments for up to 90 days.
  • The vehicle must be from the current model year or up to the 2016 model year.
  • Applicants must have at least a 760 credit score or higher.

RV loans

  • Recreational vehicle loans are applicable for the following: camping trailers, fifth-wheel trailers, motorhomes, pop-up trailers, toy haulers, travel trailers, truck campers, etc.
  • New and used RV loans start from 8.49% APR for a 10-year term or from 8.74% APR for a 15-year term.
  • American First offers balloon payment options for 10 years or 20 years, with rates from 8.74% APR.

Motorcycle loans

  • Motorcycle loans are applicable for the following: adventure touring bikes, cruiser bikes, dirt bikes, scooters, or standard motorcycles.
  • America First motorcycle loans with a 7-year term start from 8.49% APR with no minimum loan amount.
  • A 10-year term starts from 8.49% APR with a required $20,000 minimum loan amount.
  • A 15-year term starts from 8.74% APR with a required $25,000 minimum loan amount.

Other loan types

  • Rates start from 8.49% APR over 7 years and are applicable for watercraft, power sport, motorsport, and off-road vehicles.
  • This loan option is applicable for the following: ATVs, boats, jet skis, side-by-sides, snowmobiles, wave runners, ATVs, UTVs, etc.
  • New and used boat loans have a 12-year or a 15-year term at 8.74% starting APR.
  • Auto loans for commercial use are available, payable for up to 72 months.
  • Repossession sales for cars, trucks, and other types of vehicles are also available.

America First Credit Union auto loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

$25,000

Term

60 months

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America First Credit Union

America First Credit Union auto loan

America First 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 America First 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 America First auto loan

Eligibility criteria

  • An active and qualified America First Credit Union member.
  • At least 18 years old or legally allowed to sign a vehicle finance agreement in your state of residence.

How to join America First Credit Union

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

  • You live, work, study, or worship in eligible communities in Arizona (Maricopa, Mohave, Page, Pima, St.Johns), Idaho (Ada, Bannock, Power), Nevada (Douglas, Churchill, Clark, Lincoln), New Mexico (Bernalillo, Chaves, Valencia), Oregon (Malheur), and Utah (Cache, Davis, Iron, Juab, Rich, Salt Lake, Washington, Weber).
  • You are related by marriage, blood, or adoption to a qualified or existing member.
  • You are a widow/widower of an active member.
  • You are a member or an employee of America First Federal Credit Union or its Select Employer Group (SEG), subsidiary corporations, or affiliated associations.
  • You are an owner, supplier, or employee within the food industry in Utah.
  • View the complete membership eligibility requirements on the website.

To join the credit union:

  1.  Fill out the online application form  from the website or download the membership application and send it by mail to this address:
    America First Credit Union
    PO Box 9199
    Ogden, Utah 84409
  2. Provide a copy of any U.S. government-issued photo ID (state-issued ID, driver’s license, passport) with your current residential address.
  3. The credit union will deduct a one-time $1 membership fee from your initial deposit.

What you’ll need to have ready:

When you apply for auto financing with America First, you’ll be asked to provide personal information such as:

  • Your full name (or any other previous names, if applicable)
  • Email address
  • SSN (Social Security Number)
  • Proof of identity to show your name, photograph, signature, and date of birth (passport, driver’s license, state-issued ID, or any valid unexpired government ID)
  • Proof of residence to show your complete physical and mailing address (utility bill, lease or rental agreement, property tax bill, etc.)
  • Proof of employment (pay stubs, W-2s, job contract, or employer’s contact information)
  • If self-employed: tax returns, bank slips, deposit forms, financial statements
  • Proof of earnings or other sources of income (pension, statements from investment accounts)

You may also need to provide proof of a good to excellent credit score, low debt-to-income ratio (DTI), and payment history. America First may also inquire about your method of down payment, whether you’re paying cash, through a debit or credit card, or via a personal loan. This can have a positive or negative impact on your loan eligibility and available interest rates.

Ways to apply for an America First auto loan:

  • Apply online by clicking the GO TO SITE link in the table below.
  • Stop by any of the 120 branch locations in Utah, Nevada, or Arizona.
  • Visit any of the 5,000 Co-op Shared Branches in the country.
  • Apply at any of the participating auto dealerships in the area.
  • Call 800-999-3961.

Additional America First auto loan details

  • Automatic payment: Available.
  • Rate discounts: Undisclosed. The credit union stated that their rates are more competitive than others with a maximum limit of 18% APR.
  • Repayment frequency: Monthly.
  • Late payment fees: Undisclosed. Contact the bank for more details.
  • Prepayment penalty: Undisclosed.
  • Co-borrowers allowed: Undisclosed.
  • Co-signers: Undisclosed.
  • Ways to repay: Online banking, mobile banking app, and in-person.
  • Hardship program: Available. Eligible members can skip a payment once every 12 months for only $25.

Vehicle restrictions and limitations

  • Maximum vehicle age: No restrictions clearly stated.
  • Maximum vehicle mileage: No restrictions clearly stated.
  • Other vehicle restrictions: Vehicle financing (new and used) entails a $30,000 minimum loan amount for a 96-month term.
  • Other vehicle restrictions for low-rate auto loans: Only vehicles from 2016 up to the current model year are allowed.
  • Other vehicle restrictions for motorcycle loans: A 120-month term requires a $20,000 minimum loan amount while a 180-month term requires a $30,000 minimum loan amount.

Pros and cons

Pros

  • Online and in-person applications are accepted from all 50 states.
  • Qualified applicants can expect instant online approvals.
  • A wide variety of loan options for cars, trucks, SUVs, and other types of vehicles.
  • Same APRs for new and used vehicle loans.
  • Vehicle loans only have a maximum 18% APR for any repayment term.
  • Declining rate auto loans are available for vehicle finance and refinance.
  • Balloon payments for RV loans are accepted.
  • Business loans for commercial-use vehicles are available.
  • Low-rate auto loans accepts first monthly payment after 90 days.
  • Conveniently keep track of application status via online loan hub.
  • Skip-a-Payment program is available every 12 months for eligible borrowers.
  • NADA retail value guide for pricing of used or pre-owned vehicles is available.
  • Potentially lower MSRP via Auto Smart vehicle finder.
  • Insurance savings via TruStage® Auto Insurance Program.
  • FREE vehicle maintenance package for five years from Young Automotive service shop.

Cons

  • Needs a credit score of 760 or greater, particularly for low-rate auto loans.
  • No clear information on rate discounts or other loan charges.
  • No option for shorter repayment periods.
  • High minimum loan amount for an 84-month auto loan.
  • Loans not available for cars with a 2015 model year or older.

Frequently asked questions

How long does America First take to approve an auto loan application?

America First guarantees instant approvals for online applications submitted by qualified applicants with good credit standing. Alternatively, you can visit any of the 120 branch locations in Utah, Nevada, or Arizona or visit any of the 5,000 Co-Op shared branches nationwide to apply in person. You can also use the Auto Smart vehicle finder to connect to a registered dealer. The sooner you submit your application, the sooner you can receive an update.

How much must I earn to qualify for vehicle financing at America First?

The minimum income requirement to qualify for vehicle financing at America First is not clearly stated on the website. To increase your chances of approval and even qualify for lower rates, you must be able to prove that you have a consistent and adequate source of income as well as a high credit score. If you have documents related to your employment, profits from your business, or other forms of earnings, all of these can have a positive impact on your application.

What is the maximum term of an America First auto loan?

The maximum term for a new or used auto loan is 96 months. Term lengths for other types of vehicle financing at America First are as follows: up to 60 months for declining rate auto loans; up to 240 months for RV loans; and, up to 180 months for motorcycle loans and other loan types.

Are interest rates for America First vehicle financing fixed or variable?

America First clearly shows on their website that they have variable interest rates for their vehicle financing services. This means that the final rate will be based on the applicant’s credit score, downpayment, collateral, and repayment term. However, APRs can also change at any time without prior notice.

Does America First offer vehicle refinance loans?

Yes. Vehicle refinance loans at America First start from 6.74% APR over 60 months, the same as for new and used auto loans. The credit union stated that they offer more competitive APRs than other lenders so you can have bigger savings.

Does America First offer vehicle financing for commercial use?

Yes. America First offers auto loans for commercial use or business purposes under its Business Loans for a maximum term of 72 months. Cars, trailers, trucks, or vans of up to one ton (2,000 lbs) are accepted. Qualified applicants can borrow more than $50,000, if necessary.

Is vehicle financing and refinancing at America First available in all 50 states?

Yes. America First accepts applications from all 50 states. As long as you are a qualified credit union member, you can submit your application online or in person. The application can be done 24/7 through the online portal in a matter of minutes. Alternatively, you can speak with a loan representative from any of the 120 branch locations in Utah, Nevada, or Arizona or from any of the 5,000 Co-Op shared branches nationwide to apply in person. You can also go directly to a registered local dealer near you.

Video: Let Us Put You First | America First Credit Union

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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