Grow Financial Federal Credit Union

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Buying
A Car

Auto Loans To Get You In The Driver's Seat


A car is one of life’s biggest purchases, and when you’re ready to hit the road, you don’t have time to waste. That’s why we keep our financing process simple and hassle-free. With every auto loan at Grow, you’ll enjoy simple terms, low rates and quick preapproval. Then, you can take that preapproval to any dealer, anywhere in the country, and shop with confidence.

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Quick Preapproval

The car market moves fast, and inventory doesn’t sit on the lot long these days. We get it. Apply online now and get preapproved in as little as 60 seconds.

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Low Rates

We keep interest rates competitive so you can finance your dream ride without breaking the bank. Check out our current rates below.

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Friendly, Local Service

We’re here to help you every step of the way. Need to get in touch? Stop by a Grow store, message us on live chat or give us a call. You’ll get friendly, member-focused service no matter what.

Vehicle LoansRate TypeTermsAPR
New Cars, Trucks and VansFixedVariesAs Low As 5.50%1
Used Cars, Trucks and VansFixedVariesAs low as 5.99%2
New WatercraftFixedVariesAs Low As 7.50%3
Used WatercraftFixedVariesAs Low As 8.25%3
New RVFixedVariesAs Low As 5.00%4
Used RVFixedVariesAs Low As 5.50%4
New MotorcyclesFixedVariesAs Low As 8.00%5
Used MotorcyclesFixedVariesAs Low As 8.25%5
New BMW, Ducati, Harley Davidson & Triumph MotorcyclesFixedVariesAs Low As 7.75%6
Used BMW, Ducati, Harley Davidson & Triumph MotorcyclesFixedVariesAs Low As 8.00%6

Annual Percentage Rate (APR). The loan rates quoted are effective 12/01/2022 and are subject to change. Subject to credit approval.

1Fixed rates for new vehicles range from 5.50% APR to 18.00% APR. The rate you receive is determined by your credit history, collateral, year of the vehicle, term and loan to value.

2Fixed rates for used vehicles range from 5.99% APR to 18.00% APR. The rate you receive is determined by your credit history, collateral, year of the vehicle, term and loan to value.

3Fixed rates for new watercrafts range from 7.50% APR to 9.00% APR. Fixed rates for used watercrafts range from 8.28% APR to 9.75% APR. The rate you receive is determined by your credit history, year of the watercraft, and term of the loan.

4Fixed rates for new RVs range from 5.00% APR to 8.00% APR. Fixed rates for used RVs range from 5.50% APR to 8.50% APR. The rate you receive is determined by your credit history, year of the RV, class, and term of the loan.

5Fixed rates for new motorcycles range from 8.00% APR to 9.75% APR. Fixed rates for used motorcycles range from 8.25% APR to 10.00% APR. The rate you receive is determined by your credit history, year of the motorcycle, and term of the loan.

6Fixed rates for new premier motorcycles range from 7.75% APR to 10.00% APR. Fixed rates for used premier motorcycles range from 8.00% APR to 10.50% APR. The rate you receive is determined by your credit history, year of the motorcycle, and term of the loan.

7Fixed rates for select pre-owned vehicles range between 0.00% APR and 8.49% APR for terms up to 66 months. The rate you receive is determined by your credit history, year of the vehicle, and term of the loan.

8Subject to credit approval.

Shopping used? Check out CU AutoBranch.

In the market for a used vehicle? Have you heard of CU AutoBranch? You can buy select pre-owned vehicles for as low as 0.00% APR7 from Grow through CU AutoBranch, a dealership dedicated to credit union members.

Most of the time, you can get the best bang for your buck on the car lot by coming prepared with your financing in place. This helps you avoid dealership financing charges and gives you the power to shop with similar confidence as a cash buyer. What do we mean by that? You can ask for the “out the door” price, rather than dealing with smoke and mirrors that sometimes accompanies the financing process at a dealership. Plus, you’ll already have an idea of what price you can afford and what your monthly payment range would be.

What kind of car you can afford depends on what other debt and expenses you have compared to your income, and the decision of how much to spend on buying your car is personal and depends on your own priorities and goals. A good general rule of thumb is that your auto loan payment and associated expenses, like insurance and gas, shouldn’t be more than about twenty percent of your take-home pay.

This answer depends primarily on whether or not you make your payments on time, every time. If you do, then yes, auto loans can be a big credit boost in the long run. Initially, applying for any new loan can cause a temporary ding in your score by a few points because it adds a hard credit inquiry to your credit report. But by paying on time consistently, you’ll see an increase in your score over time. Learn more about how to improve your credit score.

Dealership and Done

Car shopping can be exhausting, and sometimes, you just want to hit the lot, choose your new ride and roll out quickly. That’s why we have over 1,000 participating dealerships across six states — Florida, South Carolina, Alabama, Georgia, North Carolina and Tennessee — offering auto loans with Grow Financial. As a Grow member, you’ll always get our most competitive rates, whether you get preapproved online, apply in-store or finance at the dealership. So if you’re in a hurry and want to visit the showroom first, you can close your loan on-site at the dealership without missing out on our best available rates. Just ask about financing your auto loan with Grow Financial. It’s that easy.8

Important Information About Procedures for Opening a New Account

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: when you open an account we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

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