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Nusenda Credit Union Auto Loan Calculator, Interest Rates & Overview

Carla Soto
Carla Soto
Updated 15 October 2023
Fact checked

Nusenda Credit Union auto loans overview

Nusenda Credit Union logo

Nusenda Credit Union was founded in 1936 and is the largest credit union in New Mexico. Nusenda offers competitive and flexible auto financing choices with rates as low as 5% APR and terms stretching up to 84 months. Also, members can select from a variety of new and used vehicles, like cars, motorcycles, recreational vehicles, and fuel-efficient autos.

Want to see what a Nusenda auto loan will cost? Try the Nusenda Credit Union auto loan calculator below! All you have to do is enter your desired loan amount and term to see an estimate. You can use the calculator to adjust your loan amount and term to see how it might affect your monthly repayments.

Key Nusenda Credit Union auto loan features

  • Minimum loan amount: $15,000 for used vehicles for 61-75 months.
  • Maximum loan amount: Up to 100% financing.
  • Interest rates: As low as 5% APR.
  • Loan terms: Up to 84 months.
  • Loan fees: No application fee.
  • Discounts: Rate discounts for fuel-efficient auto loans.

NUSENDA AUTO LOAN OPTIONS

New and used auto loans

You can finance 2020 and newer models for as low as 5% APR. Meanwhile, 1991 to 2019 models begin at 7% APR. Moreover, you can extend your loan term for up to 84 months.

RV and motorcycle loans

If you’re up for an adventure, you can also apply for a recreational vehicle or motorcycle loan. For 2015 to 2023 models, you can secure rates from 8.20% APR and 9.50% APR for older models. But if you’re looking for a snowmobile, ATV, or UTV, rates start at 11.25% APR.

Fuel-efficient auto loans

Nusenda offers special loans for fuel-efficient vehicles, too. You may get a 0.25% rate discount when your vehicle has a combined fuel efficiency rating of 40 CMPG/CMPGe or greater. Rates are as low as 4.75% APR, and terms can be up to 84 months. To qualify, your vehicle should be 2019 or newer and under 100,000 miles.

Nusenda 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

Change
Nusenda Credit Union

Nusenda Credit Union auto loan

Nusenda 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 Nusenda 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 a Nusenda Credit Union auto loan

Eligibility criteria

Although Nusenda Credit Union doesn’t reveal the requirements for auto financing, you should typically be:

  • A Nusenda member
  • 18 years old or older
  • A legal resident
  • Employed or have a reliable source of income

In general, financial institutions offer the most competitive auto loans to borrowers with high credit scores and low debt-to-income ratios (DTI). So, to improve your chances of qualifying, try to improve your credit and lower your DTI ratio, too.

How to join Nusenda Credit Union

To become a Nusenda member, you need to meet one of the following criteria:

  • An employee, retiree, or student of a participating company or school
  • Related to an existing member
  • Live, work, worship, or attend school in Dona Ana, Luna, Otero, Sierra, Socorro, Taos, or Valencia County
  • A member or volunteer of a qualified organization

What you’ll need to have ready

Personal details

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

  • An email address
  • Your full name
  • Address
  • Social Security number
  • Employment information
  • Income details
  • U.S. citizenship status
  • A list of monthly expenses

Documents

You may need to provide Nusenda 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.

Aside from preparing the documents, it’s also beneficial to know the steps in getting a vehicle loan. This will help you get ready for the application process and guide you in making decisions associated with your loan.

Ways to apply for a Nusenda auto loan

  • Apply online by clicking the GO TO SITE link in the table below
  • Visit a branch
  • Call 505-889-7755 or 800-347-2838 (outside the Albuquerque area)

Additional Nusenda Credit Union auto loan details

  • Automatic payment: Available.
  • Loan approval times: Undisclosed, but it may range from a business day to a few weeks based on your application.
  • Rate discounts: 0.25% reduction on vehicles with a combined fuel efficiency rating of 40 CMPG/CMPGe or greater.
  • Repayment frequency: Monthly.
  • Late payment fees: Undisclosed.
  • Prepayment penalty: Undisclosed.
  • Co-borrowers allowed: Yes.
  • Co-signers: Undisclosed.
  • Hardship program: Undisclosed.
  • Ways to repay: Online payment portal, mobile and internet banking, over the phone, by mail, and in a branch.

Vehicle restrictions and limitations

  • Maximum vehicle age: 1991 models.
  • Maximum vehicle mileage: Undisclosed.
  • Other vehicle restrictions: Undisclosed.

PROS AND CONS

Pros

  • Competitive interest rates.
  • Flexible repayment periods.
  • No payment for 90 days.
  • Co-borrowers allowed.
  • No application fee.
  • No down payment required.
  • Easy access to loan information through the mobile app.
  • Several payment options – payment portal, mobile and internet banking, telephone banking, by mail, and in a branch.
  • Multiple partner dealers around New Mexico.
  • Convenient auto-buying services.

Cons

  • Undisclosed late payment and prepayment fees.
  • Limited to members.
  • Undisclosed vehicle restrictions.
  • Low credit scores may result in higher APRs.

FREQUENTLY ASKED QUESTIONS

How to apply for a Nusenda auto loan?

You can apply for vehicle financing by applying online, calling 505-889-7755 or 800-347-2838, or visiting a Nusenda branch.

How much interest does Nusenda charge on car loans?

Nusenda Credit Union offers auto loans for as low as 5% APR for 2020 and newer models. Meanwhile, 1991 to 2019 models start at 7% APR.

What is the maximum term of a Nusenda Credit Union auto loan?

You can stretch your repayment period for up to 84 months.

How many pay slips does Nusenda require during my vehicle loan application?

When you apply, you need to prepare a copy of your last month’s pay stub.

How long does it take to apply for a Nusenda Credit Union auto loan?

Applying online only takes a few minutes.

Will applying for an auto loan with Nusenda affect my credit score?

A formal loan application will require the credit union to conduct a hard credit check, which will appear on your credit report. In turn, this will ding your credit score by a few points. To build your credit back, make sure you consistently meet your loan payments.

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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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