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Loans > Vehicle Loans 

Vehicle Loans

 

 

New Vehicle Loan

You can finance your new vehicle up to 60 months (or up to 72 months for loan amounts of $30,000 or more).  MCT lends up to 100% of the MSRP for qualified applicants. 


 Helpful Auto Buying Resources        Rates        Calculators        Apply Now

 

 

Used Vehicle Loan

You can finance a used vehicle that is five years old or less up to 60 months.  MCT lends up to 100% of the NADA retail value for qualified applicants.  

 

 Helpful Auto Buying Resources        Rates        Calculators        Apply Now

 

 

Preferred Teacher 1st Time Vehicle Loan


As a credit union started by teachers, we understand that getting started in your new career can be tough when you have little or no credit.  So, we designed this special new/used vehicle loan to help you get the financing you deserve.  


 Helpful Auto Buying Resources        Rates        Calculators        Apply Now

 

 

Refinance Your Vehicle and Save

If you financed your vehicle with another financial institution, you can refinance it with MCT and save money with our low rates and by selecting a new term.  If you bought a new vehicle within the past six months, you can refinance it at our new vehicle rate.  If you have a vehicle that's within the past five model years, you can refinance it at our used vehicle rate.

Helpful Auto Buying Resources        Rates        Calculators        Apply Now

 

*Annual Percentage Rate (APR) is based on an evaluation of applicant’s credit.  Your actual rate may vary. Special rate is available from February 1, 2009 and is subject to change without notice. The special 4.40% APR is only available on new vehicle loans applied for through MCT’s website or Contact Center. Scholar Series discount does not apply to this special rate and terms are limited up to 60 months. Applications received through a branch are eligible for a rate as low as 4.90% APR. Payments at 4.40% APR for 60 months are approximately $18.60 per month, per thousand. Other rates and terms are available. 

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