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New & Used Auto Loans

UMCU makes getting behind the wheel simple with one of Michigan’s best auto loan rates, a quick online application, and support from our knowledgeable team.

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Affordable Auto Loans Tailored for You

UMCU makes it easy to get behind the wheel of your next vehicle. Our online application takes only a few minutes to complete, we have one of the best auto loan rates in Michigan, and our Member Service Representatives are highly knowledgeable and ready to assist you!

UMCU is the exclusive auto loan partner for the Alumni Association of the University of Michigan. When applying for an auto loan, be sure to let us know you're an Alumni Association of the University of Michigan member so we can give you a special discount!

  • No restrictions on age, make, or model
  • Same rates for new and used vehicles*
  • $0 down options, no application fee, and no penalties for paying off your loan early
  • Flexible terms up to 84 months
  • Automatic payment options so you never miss a payment
  • Special rates for recent college graduates

Auto Loan Rates

Term APR*
Term Up to 36 Months APY* 4.50% - 13.35%
Term 37-48 Months APY* 4.50% - 13.35%
Term 49-60 Months APY* 4.50% - 14.59%
Term 61-72 Months APY* 4.50% - 15.59%
Term 73-84 Months APY* 5.50% - 16.84%

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Boat Loans

  • Flexible loan term up to 240 months
  • Borrow up to $350,000
  • Fixed rates for predictable monthly payments
  • No early repayment penalties
  • Automatic payment options so you never miss a payment.
  • Easy access to your loan through the Online Banking portal and mobile app

Motorcycle Loans

  • Flexible loan term of up to 240 months
  • Fixed rates* for predictable monthly payments
  • No early repayment penalties
  • Automatic payment options so you never miss a payment.
  • Easy access to your loan through the Online Banking portal and mobile app

Disclaimer

*Effective Date: February 27, 2025. New and used vehicle rates are the same. Actual APR determined by credit history, approved loan amount, loan term and collateral.

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