Buying a Used Car

When it’s time to buy a car, the first thing you’ll need to decide is whether to buy a new car or a used (pre-owned) car from a dealership or individual seller. Many people choose to buy a used vehicle to save money. Used cars are not only usually less expensive to begin with, but a new car’s value begins to depreciate the second you buy it. A pre-owned car, however, has already experienced that decrease in value, so the depreciation on a used car can be much less. If you plan to resell your car at some point, you won’t typically lose as much money upon resale on a used car as you would a new car.

There also are other benefits to buying a used car that you may not have considered. While you’ll save money at the time of purchase, you’ll save money in the long run, too, because car insurance and registry rates are typically lower on a used car. You won’t have to worry about trying to keep everything perfect in a used car, either, because used cars aren’t pristine from the start, so owning a used car can be much less stressful. Overall, purchasing a used car is very often the way to go when it comes to smart shopping. If you are interested in learning more about used car loans in San Diego, our experts at Mission Fed can help.

Features of Our San Diego Used Car Loans

  • Flexible terms from 36 to 84 months and up to 120% financing
  • Mission Fed Bottom Line Rates Every Day
  • Easy payment options: online, by phone or automatic withdrawal
  • Fast online application with a quick response or apply by phone or in the branch

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Come to a credit union like Mission Fed for a Used Car Auto Loan with a Low Interest Rate

There are a few things to consider when you’re preparing to shop for a pre-owned car. First, look into where you’ll be getting your vehicle loan. Car dealerships will try to sell you a used car loan from the car dealer, because they can make additional profit from you through the interest. However, you can typically get a much better used car Auto Loan rate from your local credit union rather than the dealership, which is important when it comes to your monthly car payment.

Next, budget your monthly car expenses. When you’re buying a car and trying to figure out how much car you can afford, make sure your monthly car payment doesn’t go above 20 percent of your disposable income. You should also try to stick to as short a loan term as you can afford—ideally five years or less—so you don’t end up paying a large amount of interest on your used car loan.

Mission Fed is here to help you choose the right used Auto Loan for you! If you’re planning to buy a used car and will need financing, we offer great

used Auto Loan rates

with flexible terms to help meet your budget.

Advantages of Used Car Finance Loans with Mission Fed

  1. Enjoy competitive rates and flexible terms
  2. Option for any qualified credit union member to defer their first payment up to 90 days
  3. There is no prepayment penalty for paying off your loan early

How to apply for a Used Auto Loan

Apply for a Used Auto Loan before you start car shopping so you can shop with confidence, knowing what size budget you're working with, before choosing your dream car. You can use our auto loan calculator below to find out how much your auto payments will be.

Mission Fed makes it easy for you to apply for a Used Auto Loan on your schedule. Choose from these easy options:

Take a look at our competitive used vehicle loan rates to see which of our used car financing terms and auto loan rates can help you get the car you need at a monthly payment you can afford. Annual percentage rate (APR) may vary based on creditworthiness and collateral qualifications. Loan amount and terms are based on the age and mileage of the vehicle. Then, check out our free Auto Loan Guide to learn more about how to get a competitive loan for used cars. We make applying for your loan as simple and convenient as possible.

Apply for a used car Auto Loan today

!

Plus, one monthly prize in the $1 Million Mission Fed Money Match is an Auto Loan payment match up to $500! You could be a winner just for being a member—it’s just one more way we say thank you for being a part of the Mission Fed family.

Auto Loan Guide cover

Mission Fed Car Financing & Auto Loan Guide

Key Information You Need to Know About Auto Finance Loans in San Diego

  • Understand important loan terminology
  • Information for first-time buyers
  • Mistakes to avoid
  • What to consider when looking for a new car
  • And more!
Get Your Auto Loan Guide Now

Your success is our bottom line, and that includes helping you navigate the car buying process by finding you a great used car loan. We look forward to helping you through the loan process and getting you into your new-to-you car today!

1. Loans subject to credit approval; terms and conditions apply. No branded titles or commercial use vehicles will be financed. A valid driver license and current insurance are required at the time of financing. Financing up to 120% based on Retail Kelley Blue Book for used vehicles. Programs, rates, terms, conditions, and services are subject to change without notice. 2. Interest will accrue during the deferment period.

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Refinance an Auto Loan

Family washing their car that was refinanced with a Mission Fed auto loan.

Choose Mission Fed if you’re looking to refinance an auto loan for a lower monthly payment.

Choose Mission Fed if you’re looking to refinance an auto loan for a lower monthly payment. We offer flexible terms, easy payment options, and a fast online application.

Auto Loan Rates as low as 1.99% APR

Woman in front of her car purchased with a Mission Fed's low auto loan rate.

With rates as low as 1.99% APR, Mission Fed is the right choice for your Auto Loan purchase or refi.

Auto Loans are as low as 1.99% APR at Mission Fed on models 4 years old and newer. This is a limited time offer, so apply today online, by phone or at any branch. All San Diegans are welcome!

Auto Leases

Happy woman who just leased a new car through Mission Fed.

Mission Fed has partnered with Credit Union Leasing of America (CULA), the nation’s largest...

Are you looking into leasing your next vehicle? Then we have good news for you. Mission Fed has partnered with Credit Union Leasing of America (CULA), the nation’s largest indirect credit union leasing program, to deliver member-friendly, affordable lease...

Skip-A-Pay on a qualified loan

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Skip a loan payment and use your extra cash to get the job done.

Skip a loan payment and use your extra cash to get the job done for a low $45 fee per skip.

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