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 used cars 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

Check Rates

Speak with an Auto Loan Representative

Get all your auto financing questions answered and see how easy it is to get started.

Call 800.500.6328

Come to a credit union like Mission Fed for a Used Car Auto Loan with a Low 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 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 qualified members 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.

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. Then, check out our free Auto Loan Guide to learn more about how to get the best possible 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

Everything 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!

The process of buying a car can be difficult. We want to make it easier. We’re happy to share the details about getting suitable vehicle loans, and giving you sound banking advice. Used Auto Loan rates and terms may vary based on credit history and underwriting factors and are available on purchase, lease buyout or refinance. On refinances of Mission Fed Auto Loans, a fee may apply. Financing up to 120% based on Retail Kelley Blue Book for used vehicles and MSRP for new vehicles. First payment may be deferred up to 90 days for qualified members. Interest will accrue during the deferment period. No branded titles or commercial use vehicles will be financed. A valid driver license and current insurance are required at the time of financing. Vehicle loans in San Diego are subject to approval. Restrictions may apply. Programs, rates, terms, conditions and services are subject to change without notice. 9/18

More Products & Services

Autoland will do the car shopping for you!

Photo of a happy man in his car purchased with a Mission Fed Autoland auto loan

Enjoy our easy Autoland car-buying service, and get the car you want with no hassles.

Our credit union auto buying service takes the hassle out of car shopping. Learn more about Autoland now to get started!

Auto Loans

Family with their new car purchased with a credit union Auto Loan.

At Mission Fed, our goal is to get you into the car of your dreams—while still feeling comfortable...

At Mission Fed, our goal is to get you into the car of your dreams—while still feeling comfortable with your monthly payment. For Auto Loans in San Diego, you’re in the driver’s seat with Mission Fed.

Preferred Auto Dealers

Happy couple who purchasing a new car with a Mission Fed Auto Loan.

Mission Fed has relationships with preferred auto dealers all over San Diego County to make finding...

Preferred Auto Dealers are Mission Fed partners who can help you find the right new or pre-owned car for your needs, along with the convenience of a Mission Fed Auto Loan with our Bottom Line Rates every day. To save even more time and money, ask about our Auto...

Refinance an Auto Loan

photo of a happy man with his refinanced 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.

Branch/ATM Locator

Search for Mission Fed Branches and ATMs, or 30,000 CO-OP Network ATMs Nationwide