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Arsenal Credit Union Auto Loans Calculator & Overview

Carla Soto
Carla Soto
Updated 3 September 2023
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A quick review of Arsenal Credit Union auto loans

Arsenal Credit Union logo

Arsenal Credit Union offers a wide variety of auto loans, covering up to 125% MSRP of new cars and up to 125% NADA retail value of used cars. Financing options for motorcycles, boats, and campers are also available for terms up to 7 and 15 years,  respectively. First-time borrowers can get approved for up to $12,000, payable over a 60-month term at 7.50% APR. There are no origination fees and prepayment penalties while costs on license, title, and tax are also taken care of. Loan options such as debt protection plans, deferred payments, and interest-refund auto loans can help you manage your monthly payments, protect your credit, or increase your savings. The credit union also offers business loans on vehicles for commercial use or business purposes.

How much can an Arsenal Credit Union auto loan potentially cost you? How about other types of vehicle financing? Check out the Arsenal 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 Arsenal Credit Union auto loan features

  • Minimum loan amount: Undisclosed.
  • Maximum loan amount: $12,000 for first-time borrowers. Up to 125% financing of the Manufacturer’s Suggested Retail Price (MSRP) for new cars or up to 125% financing of National Automobile Dealer Association (NADA) retail value for used cars.
  • Interest rates:  Interest rates are based on collateral qualifications, down payment, and the borrower’s credit score. New and used car loans start from 5.50% APR (annual percentage rate) over 36 months. See the product table below for more details.
  • Loan terms: From 12 to 84 months for new and used auto loans; up to 84 months on motorcycle loans; up to 180 months for boat loans and camper loans.
  • Loan fees: No application or origination fee.
  • Discounts: Undisclosed.

Arsenal Credit Union car loan options

New vehicle finance (2022-2024)

  • New vehicle finance is applicable for vehicles with no previous or existing titles.
  • The loan will cover up to 125% of the MSRP of the vehicle including fees for warranty, insurance, dealer handling charges, and taxes.
  • Rates are as follows: from 7.25% up to 22.25% APR for a 36-month term; from 7.50% up to 22.75% APR for a term between 37 and 48 months; from 8.50% up to 22.75% APR for a term between 49 and 63 months; from 9.75% up to 22.75% APR for a term between 64 and 72 months; and, from 11.25% up to 18.00% APR for a term between 73 and 84 months.
  • Factors that will affect the final APR are the following: the applicant’s creditworthiness, collateral, downpayment, and repayment term.
  • Interest rates provided on the website can change without any announcement.

Used vehicle finance (2022-2023)

  • The loan will cover up to 125% of NADA retail value including taxes, insurance, warranty, and dealer handling charges.
  • Used vehicle finance is applicable for titled vehicles for the current and last model year.
  • Rates are as follows: from 7.25% up to 22.25% APR for a 36-month term; from 7.50% up to 22.75% APR for a term between 37 and 48 months; from 8.50% up to 22.75% APR for a term between 49 and 63 months; from 9.75% up to 22.75% APR for a term between 64 and 72 months; and, from 11.25% up to 18.00% APR for a term between 73 and 84 months.
  • Interest rates vary based on the applicant’s creditworthiness, collateral, and loan term.
  • Loan rates are subject to change without prior notice.

Older used vehicle finance (2014-2019)

  • The loan will cover up to 125% of NADA retail value including taxes, insurance, warranty, and dealer handling charges.
  • Rates for older used vehicle finance (2019-2021) are as follows: from 7.50% up to 22.75% APR for a 36-month term; from 8.00% up to 23.25% APR for a term between 37 and 48 months; from 8.75% up to 23.25% APR for a term between 49 and 63 months; from 10.50% up to 23.25% APR for a term between 64 and 72 months; and, from 11.50% up to 18.25% APR for a term between 73 and 84 months.
  • Rates for older used vehicle finance (2014-2018) are as follows: from 8.25% up to 23.00% APR for a 36-month term; from 8.75% up to 23.50% APR for a term between 37 and 48 months; from 9.75% up to 23.50% APR for a term between 49 and 63 months; from 11.25% up to 23.50% APR for a term between 64 and 72 months; and, from 12.00% up to 15.75% APR for a term between 73 and 84 months.

Older used vehicle finance (1990-2012)

  • The loan will cover up to 95% of NADA retail value but not the taxes, insurance, warranty, and dealer handling charges.
  • It will not shoulder costs for taxes, insurance, warranty, and dealer handling charges.
  • Rates are as follows: from 10.00% up to 24.00% APR for a 36-month term; from 10.75% up to 24.50% APR for a term between 37 and 48 months; and, from 13.50% up to 24.50% APR for a term between 49 and 63 months.

New boat loans

  • The loan will cover up to 100% of the MSRP including license, tax, and title.
  • Rates are as follows: from 7.75% up to 18.00% APR for a 60-month term; from 8.75% up to 18.30% APR for a term between 61 and 120 months; from 9.25% up to 19.00% APR for a term between 121 and 144 months; and, from 10.00% up to 19.50% APR for a term between 145 and 180 months.
  • The applicant’s credit standing will be evaluated to determine the final APR.

Used boat loans

  • The loan will cover up to 90% of NADA retail value but not the cost of license, tax, and title.
  • Rates are as follows: from 7.75% up to 18.00% APR for a 60-month term; from 8.75% up to 18.30% APR for a term between 61 and 120 months; from 9.25% up to 19.00% APR for a term between 121 and 144 months; and, from 10.00% up to 19.50% APR for a term between 145 and 180 months.
  • The applicant’s credit standing will be evaluated to determine the final APR.

New motorcycles and personal watercraft loans

  • The loan will cover up to 115% of the MSRP of motorcycles, ATVs, or personal watercraft vehicles including license, tax, and title.
  • Financing is applicable for vehicles with no previous or existing titles from the current model year up to two previous model years.
  • Rates are as follows: from 5.49% up to 19.99% APR for a 36-month term; from 5.74% up to 7.24% APR for a term between 37 and 60 months; and, from 6.99% up to 8.99% APR for a term between 61 and 84 months.
  • The applicant’s credit standing will be evaluated to determine the final APR.
  • Loan rates are subject to change without prior notice.

Used motorcycles and personal watercraft loans

  • The loan will cover up to 115% of NADA retail value including license, tax, and title.
  • Financing is applicable for titled vehicles from the current model year up to six previous model years.
  • Rates are as follows: from 5.49% up to 19.99% APR for a 36-month term; from 5.74% up to 7.24% APR for a term between 37 and 60 months; and, from 6.99% up to 8.99% APR for a term between 61 and 84 months.
  • The applicant’s credit standing will be evaluated to determine the final APR.
  • Loan rates are subject to change without prior notice.

New motorhome loans

  • The loan will cover up to 115% of the MSRP including license, tax, and title of new campers, camper vans, motor homes, and travel trailers.
  • Rates are as follows: from 8.75% up to 22.25% APR for an 84-month term; from 9.75% up to 22.25% APR for a term between 85 and 120 months; from 10.75% up to 22.25% APR for a term between 121 and 144 months; and, from 11.75% up to 23.25% APR for a term between 145 and 180 months.
  • Interest rates vary based on the applicant’s creditworthiness, collateral, and loan term.
  • Loan rates are subject to change without prior notice.

Used motorhome loans

  • The loan will cover up to 115% of NADA retail value including license, tax, and title of used campers, camper vans, motor homes, and travel trailers.
  • Rates are as follows: from 8.75% up to 22.25% APR for an 84-month term; from 9.75% up to 22.25% APR for a term between 85 and 120 months; from 10.75% up to 22.25% APR for a term between 121 and 144 months; and, from 11.75% up to 23.25% APR for a term between 145 and 180 months.
  • Interest rates vary based on the applicant’s creditworthiness, collateral, and loan term.
  • Loan rates are subject to change without prior notice.

First-time borrower program

  • The loan is for anyone with no credit history (students or first-time applicants).
  • The credit union will cover up to 100% of the vehicle’s MSRP.
  • The maximum loan amount is $12,000.
  • $0 down payment.
  • Rates start at 7.50% for up to 60 months.
  • An ideal way to establish a good credit standing.

Arsenal 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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Arsenal Credit Union

Arsenal Credit Union auto loan

Arsenal 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 Arsenal 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 Arsenal CU auto loan

Eligibility criteria

  • You must be a member of Arsenal CU.
  • 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 U.S. resident alien (permanent or non-permanent).

How to join Arsenal CU

There are many ways to qualify for membership at Arsenal CU. You can join as long as you meet one of these eligibility requirements:

  • Your residence, business, or place of employment is in any of these Missouri counties: Camden County (65049, 65065), Franklin County, Jasper County (64801), Jefferson County, Miller County (65026), Morgan County (65072), St. Francois County, St. Genevieve County, St. Louis City, St. Louis County, and Washington County.
  • Your residence, business, or place of employment is in any of these Illinois counties: Madison County, Monroe County, Randolph County, and St. Clair County.
  • You are related to a current Arsenal CU member: spouse, children, parents, siblings, grandparents, grandchildren, or relatives by marriage, blood, or adoption.
  • You are an employee of the National Geospatial-Intelligence Agency (NGA) or any of its contractor companies.
  • You are an employee of the Department of Veterans Affairs (VA), the St. Louis regional office, or any of its contractor companies.
  • You work for the United States Postal Service, the Coast Guard, or the National Guard.
  • You are a retired employee of the Department of Defense and a St. Louis resident.
  • Your business or place of employment is with any of the Arsenal-recognized labor organizations or within the local real estate industry in Missouri or Illinois.
  • View the complete membership eligibility requirements at the Arsenal CU website.

To join the credit union:

  1. Fill out a membership application in the online banking page. Alternatively, you can apply by speaking to an Arsenal CU representative via video call. You can also visit the nearest Arsenal CU branch or any one of their 5,600 branches nationwide.
  2. Provide a copy of any U.S. government-issued photo ID (driver’s license, passport, state ID) with your current residential address.
  3. Deposit $5 by using Arsenal CU online banking page or mobile banking app. You can also bring cash to a branch or ask for assistance via phone at 314-962-6363.

What you’ll need to have ready:

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

  • Proof of identity such as a picture ID (driver’s license, government or state-issued ID, or passport)
  • Proof of residence to show your complete physical and mailing address such as a utility bill or lease agreement
  • Citizenship status
  • Social Security Number or ITIN
  • Email address
  • Proof of employment, business, or sources of income
  • W-2s, federal tax returns, and financial statements
  • Proof of good credit standing
  • If applying for a joint account, the secondary applicant’s information

You may also need to provide Arsenal CU with additional documents to complete your loan request:

  • Federal tax returns and W-2s
  • Bank deposits and other financial statements
  • Proof of good credit standing
  • Car registration and title
  • Purchase agreement or bill of sale

Ways to apply for an Arsenal CU auto loan:

  • Apply online by clicking the GO TO SITE link in the table below.
  • Stop by any of Arsenal’s four full-access branches or visit any of the 5,600 Co-op Shared Branches in the country.
  • Call 314-962-6363.
  • Apply at any of the participating auto dealerships in the area.
  • Contact a local registered dealer of Enterprise Car Sales.

Arsenal CU auto loan process:

  1. Apply online, visit a branch, or go directly to a local dealership.
  2. Wait for pre-approval which you can expect as soon as possible.
  3. Bring your pre-approved loan documents to a certified car dealer.
  4. The dealer will send the purchase agreement to Arsenal CU.
  5. Sign the loan documents online.
  6. When approved, the funds will be wired to the dealer.
  7. Pick up your new vehicle.

Arsenal CU vehicle refinance process:

  1. Fill out the online application form or contact their auto refinance specialist Tracey Fleischman.
  2. Wait for a calculation of your repayment terms, rate, and potential savings.

Additional Arsenal Credit Union auto loan details

  • Automatic payment: Available.
  • Loan approval times: No specific time range but there is a quick application turnaround according to the site.
  • Rate discounts: Undisclosed.
  • Repayment frequency: Monthly.
  • Late payment fees: 5% of the total amount or $25.00 (whichever is less).
  • Prepayment penalty: $0.
  • Ways to repay: Doxo, online banking, mobile banking app, by phone, and in-person.
  • Hardship program: Available.

Vehicle restrictions and limitations

  • Maximum vehicle age: 32 model years (up to 1990)
  • Maximum vehicle mileage: Undisclosed.  For more information, you can contact the credit union.
  • Other vehicle restrictions: Arsenal CU will finance up to 125% of MSRP on new cars or up to 125% of the NADA retail value on used cars; up to 100% of MSRP on new boats or up to 90% of the NADA retail value on used boats; up to 115% of MSRP on new motorcycles or up to 115% of the NADA retail value on used motorcycles; and, up to 115% of MSRP on new motorhomes or up to 115% of the NADA retail value on used motorhomes.

Pros and cons

Pros

  • A wide variety of auto finance and refinance options for new cars, motorcycles, boats, and campers.
  • New auto loans cover up to 125% of the purchase price.
  • Used auto loans are applicable for cars up to 1990 model year.
  • Up to 90% and 115% NADA retail value financing for used boats and used campers, respectively.
  • Flexible repayment terms from 12 months up to 7 years for car loans and up to 15 years for boat loans and camper loans.
  • The APR range for each loan type or term is clearly stated.
  • Loans for first-time applicants with no credit history are available.
  • Deferred payment is allowed.
  • $0 origination fee.
  • $0 prepayment penalty.
  • A wide range of auto insurance and loan protection plans are available.
  • Loans are available in all 50 states.
  • More than 5,600 shared Co-Op branches to serve its members.
  • Loans for commercial-use vehicles are available through Business Loans.
  • Interest-refund auto loans are available.

Cons

  • Rate discounts are not available.
  • Lease buyouts are not available.
  • Membership is required.

Frequently asked questions

How long does Arsenal take to approve an auto loan application?

Arsenal understands the importance and urgency of owning a vehicle. Though the credit union did not clarify how many business days it will take to approve an application, eligible borrowers are assured of a fast turnaround process. A convenient online option can be done in minutes while loan representatives are on stand-by via video banking. Alternatively, you can visit an Arsenal branch closest to you or go directly to a local dealership. The sooner you submit your application, the sooner you can receive an update.

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

The minimum income requirement to qualify for an Arsenal auto loan is not clearly stated on the website. However, you must be able to prove that you have a consistent and adequate source of income to increase your chances of approval. You must have documents about your employment, profits from your business, or other forms of earnings. If you apply with a co-borrower or co-signer with steady employment and good credit standing, it can also have a positive impact in your application.

What is the maximum term of an Arsenal vehicle financing?

The maximum term for a new car loan is 84 months. Term lengths for other types of Arsenal vehicle financing are as follows: up to 84 months for used car models (2014-2022); up to 63 months for loans for older car models (2012-1990); up to 84 months for new and used motorcycles; up to 180 months for boats and campers; and, up to 60 months for first-time borrowers.

Are interest rates for Arsenal vehicle financing fixed or variable?

Arsenal clearly shows on their website that they have variable interest rates for their vehicle financing services. The approved APR will be based on the applicant’s credit score, downpayment, collateral, and repayment term. Interest rates can also change at any time without prior notice.

Are there discounts available on Arsenal car loans?

The website did not disclose any information regarding discounts on car loans and other types of vehicle financing. However, you do not have to pay any origination fees or prepayment penalties during your application. Arsenal also takes into account any expenses for license, title, and tax. Alternatively, you can inquire about their interest-refund auto loans and how it works.

Does Arsenal offer vehicle refinance loans?

Yes. The credit union offers vehicle refinance loans for rates starting from 7.25% APR. Eligible borrowers can expect better repayment terms and potentially bigger savings when they switch from another lender to Arsenal.

Are lease buyout loans available at Arsenal?

No. The credit union does not offer lease buyouts. If you’re considering purchasing your leased vehicle, evaluate if its market value is worth more than what you have to pay for it. If the leasing company is interested in selling you the vehicle for an affordable price, inquire at Arsenal if they can help you with this process.

Does Arsenal offer vehicle financing for commercial use?

Yes. Arsenal offers auto loans for commercial use or business purposes under its Business Loans. You can apply online from any device and submit your application within minutes. You can call 314-962-6363 from 8 AM to 6 PM (Monday-Friday) for assistance or support.

Are Arsenal auto loans available in all 50 states?

Yes. Arsenal auto loans are available in 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 through video banking or visit any of ACU’s 5,600 shared Co-Op branches nationwide.

What information do I need to provide when applying for an Arsenal vehicle financing?

An Arsenal vehicle financing starts with becoming a credit union member. When you have established your eligibility for membership, you can fill up an application form on the website or by visiting an ACU branch near you. Prepare to submit documents related to your identity, place of residence, citizenship, and income sources. If you have a co-applicant and/or co-signer, he or she will need to provide the same details.

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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