Must meet membership and account criteria. All loans subject to credit approval. APR = Annual Percentage Rate. APRs listed are our best rates. Your rate may be higher based on your credit history and other qualifying criteria. Programs, rate, terms and conditions subject to change without notice. Financing up to 120% based on Manufacturer’s Suggested Retail Price (MSRP) for new vehicles. Rates and terms available on purchase, lease buyout or refinance. On refinances of Mission Fed Auto Loans, a fee may apply. First payment may be deferred up to 90 days for qualified members. Interest will accrue during the payment deferral period. Loan amounts and terms based on age, mileage and condition of vehicle. Restrictions apply.
Let the Good Rates Roll
Finance Your Next Car With Us
Auto Loans
Competitive Rates That Put You in the Driver’s Seat
If you’re ready for a new ride, Mission Fed will help you buy your next vehicle. With competitive auto loan rates, flexible terms, knowledgeable specialists and resources you can shop with confidence and get into the car of your dreams.
Manage Your Auto Loan With Ease
Download the Mission Fed Mobile Banking app and manage your Auto Loan from anywhere, anytime.
So You're Ready for New Wheels?
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Find the Vehicle You Want
You have many options to find your next car: choose from a dealership, a private seller or use Mission Fed’s convenient concierge car buying service, Autoland.
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Explore Interest Rates
Check out our low rates and estimate your monthly payment options using our Auto Loan calculator below.
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Apply for a Loan
Start your application online, give us a call or visit one of our 30+ San Diego County branch locations.
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Hit the Road and Enjoy!
Auto Rates
Finance Your Next Car With Us
Apply Now| APR as low as | Months | Model Year | Est. Monthly Payment / $1,000 |
|---|---|---|---|
| 5.49% | Up to 36 | 2021 and newer | $30.19 (at 36 months) |
| 5.74% | 37 - 48 | 2021 and newer | $23.37 (at 48 months) |
| 5.94% | 49 - 66 | 2021 and newer | $17.80 (at 66 months) |
| 6.24% | 67 - 75 | 2021 and newer | $16.14 (at 75 months) |
| 6.64% | 76 - 78 | 2021 and newer | $15.83 (at 78 months) |
| 7.14% | 79 - 84 | 2021 and newer | $15.17 (at 84 months) |
Auto Rates for Model Years 2016 - 2020
Finance Your Next Car With Us
Apply Now| APR as low as | Months | Model Year | Est. Monthly Payment / $1,000 |
|---|---|---|---|
| 7.49% | Up to 36 | 2016 - 2020 | $31.10 (at 36 months) |
| 7.74% | 37 - 48 | 2016 - 2020 | $24.29 (at 48 months) |
| 7.94% | 49 - 66 | 2016 - 2020 | $18.75 (at 66 months) |
| 8.24% | 67 -75 | 2016 - 2020 | $17.11 (at 75 months) |
Must meet membership and account criteria. All loans subject to credit approval. APR = Annual Percentage Rate. APRs listed are our best rates. Your rate may be higher based on your credit history and other qualifying criteria. Programs, rate, terms and conditions subject to change without notice. Financing up to 120% based on Retail Kelley Blue Book (RKBB) for used vehicles. Rates and terms available on purchase, lease buyout or refinance. On refinances of Mission Fed Auto Loans, a fee may apply. First payment may be deferred up to 90 days for qualified members. Interest will accrue during the payment deferral period. Loan amounts and terms based on age, mileage and condition of vehicle. Restrictions apply.
Related Pages
Auto Loan Express Check
Use a Mission Fed Auto Loan Express Check and make financing easier!1
Rate Break Program
Have less than perfect credit? You may qualify for Mission Fed’s Rate Break Program, which could help you save up to 3%2 off your rate while you build up your credit.
Autoland Car Buying Service
Let the Autoland experts handle every step of the car buying process – including contactless delivery of your car to your home or a Mission Fed branch.
Protect Your New Investment
We’ve partnered with LiveSmart Insurance Services, LLC to offer auto insurance to our Mission Fed members. With member pricing, you can feel confident in coverage options.3
FAQs
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How do car loans work?
Buying a car is exciting! It’s also a major expense, so you want to make sure you’re prepared and understand the process.
The short answer is that car loans allow you to borrow money from a lender to buy a car. Like other loans, you pay back the borrowed money over time, with interest. Because interest is an essential part of your costs, getting the lowest Annual Percentage Rate (APR) on your loan will save you money over the life, or term, of your loan. Credit union car loans, like Mission Fed’s auto loans, often have lower interest rates.
Whether this is your first car or you’re looking to replace your current car with a new or used one, an auto loan allows you to put yourself behind the wheel with the financial flexibility that makes your car purchase affordable for your budget and lifestyle.
Mission Fed is here to help you through every step of the process. Our Auto Loan Guide will walk you through important items to consider to help you determine the best financing options for you.
Download the guide-
What do I need to apply for a car loan?
At Mission Fed, we want to make the car loan process fast and easy. You will be asked to provide personal information such as your name, social security number, current address, employment, and income information. Depending on the application, we may require additional information such as prior address and employment history or other income related information.
Apply online, over the phone or at any Mission Fed branch. When you apply, Mission Fed will review your credit report to see if you qualify for a loan. It’s a good idea to review your credit history to ensure that you can correct any mistakes and explain any irregularities to lenders if necessary, before applying for a loan. Review our Credit Guide for more information about how to help maintain a positive credit score.
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How do I refinance a car loan?
If you’d like to refinance an existing car loan in San Diego, Mission Fed can help. All San Diegans are welcome to apply to refinance with us and save money with our low everyday Auto Loan rates. Just as you would for any other Auto Loan, simply apply online, by phone or make an appointment at any of our branches. The refinancing application process is quick and easy, and you’ll have a response in no time. We can help you save more money with a refinanced credit union auto loan.4
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How do you calculate interest on a car loan?
When you’re thinking about applying for a car loan, it’s a good idea to calculate how much you’ll likely pay each month with interest rates. Our Auto Loan calculator helps you easily calculate your monthly payment, total interest paid and how long you’ll make payments on your loan. The calculator is also helpful for making adjustments in your potential down payment, interest rate and loan term to help you budget.5
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How do I get approved for a car loan?
In order to get approved for a car loan, you’ll need to provide proof of steady income and a credit history to show that you’ll be able to make your monthly car payments. Lenders are looking for evidence that you be consistent in paying your loan each month.
Take a look at the “What do I need to apply for a car loan?” FAQ for a list of items that you’ll need to provide when you apply. You may also need to provide proof of insurance.
It’s also smart to review your credit history to ensure that you can correct any mistakes and explain any irregularities to lenders if necessary. Review our Credit Guide for more information about how to maintain a positive credit score.
Let Us Help You
Mission Fed offers convenient services to help you manage your Auto Loan. From researching your next vehicle to taking the first test drive, we want to help you every step of the way.
Disclosures
Must meet membership and account criteria. All loans subject to credit approval. APR = Annual Percentage Rate. APRs listed are our best rates. Your rate may be higher based on your credit history and other qualifying criteria. Programs, rate, terms and conditions subject to change without notice. Financing up to 120% based on Manufacturer’s Suggested Retail Price (MSRP) for new vehicles. Rates and terms available on purchase, lease buyout or refinance. On refinances of Mission Fed Auto Loans, a fee may apply. First payment may be deferred up to 90 days for qualified members. Interest will accrue during the payment deferral period. Loan amounts and terms based on age, mileage and condition of vehicle. Restrictions apply.
A valid driver license and current insurance information are required. No branded titles or commercial use vehicles will be financed, and other restrictions may apply. Terms and conditions apply and are subject to change without notice.
Kelly Blue Book is a registered trademark of Kelley Blue Book Co.
1 The Auto Loan Express Check discount is for borrowers whose auto loans are eligible for the promotion. Express checks cannot be used for a refinance, lease buyout, private party purchase or purchase from a non-franchise/independent dealer. Model year must be 5 years old or newer. Other restrictions may apply. Autoland and Auto Loan Express Check discounts cannot be combined and may not be combined with other Mission Fed offers. Discount will be applied upon receipt of the Auto Loan Express Check at the time of funding for qualified auto loans and will be reflected in your final loan agreement.
2 Lower credit tier borrowers qualify for the program, making their Mission Fed auto loan eligible for a potential reduction in rate and payment after every six on-time monthly payments, for the first 18 monthly payments. Each qualifying rate reduction is 1% off the current APR, up to 3% maximum. New and used auto loans are eligible. Loans must have a minimum term of 24 months to qualify. Participating members must keep auto loan and any other accounts with Mission Fed in good standing. Loans and accounts will be reviewed every 6 months thereafter, for the first 18 monthly payments to ensure continued eligibility. Not meeting the terms and conditions of the program will result in the disqualification of auto loan from the program. In the event of disqualification, members will be notified. Other conditions may apply.
3 Purchase is voluntary and the products offered are not insured by the NCUA nor an obligation or guaranteed by Mission Federal Credit Union.
4 On refinances of Mission Fed auto loans, a fee may apply.
5 Calculator information is provided for general and educational purposes. All information is hypothetical. Actual rates, payments and costs may be different.