/loans/personal-loans-in-ny/
Not a member of Northern Credit Union? Join our family

If you aren't already a member, we welcome you to enjoy the benefits only a credit union can offer.

Smart Choice Auto Loan

New car. Used car. First car. We’ve got you covered!

Smart Choice Auto Loan offers monthly payments up to 40% lower than conventional financing!

New and pre-owned vehicles up to five years old qualify.
Flexible terms up to 72 months.
No down payment required.
No security deposit.
No early payoff penalty.
Refinance your current vehicle loan to reduce your monthly payments with the Smart Choice Auto Loan program.
Easily upgrade your vehicle every couple of years!
Annual mileage options of 7,500, 10,000, 12,000, 15,000 & 18,000 available.

 

At any time during your loan term:

Sell the vehicle, pay the loan balance and keep any difference.
Use the vehicle as a trade-in, and the loan balance is paid as part of the transaction.
Keep the vehicle and refinance the loan balance as a used vehicle loan.

 

At loan maturity:

If your vehicle is worth less than what you owe on your loan at maturity, you can turn the vehicle in and “walk away.”
You can use the residual value towards a trade-in, pay off the loan or refinance into a new loan and keep the car, or sell the vehicle at any time.

 

Why pay for the whole car, when you only have to pay for what you use?


GUARANTEED FUTURE VALUE (GFV) $18,500 -PAY FOR WHAT YOU USE $15,500
Pay for what you use with a Guaranteed Future Value (GFV) – Residual Value* and Guaranteed Future Value**(GFV): The residual is the projected value of the vehicle at loan maturity. Our program guarantees this residual – we call it the “Guaranteed Future Value.”

How does Smart Choice Auto Loan work?

A “fully insured, walk-away balloon” payment program. On a 60-month “walk-away” balloon, you make 59 payments and when the balloon payment is due you can pay off the balloon through a trade-in, private sale, refinance or simply walk away. You can also pay off the loan anytime during the term of the loan with no prepayment penalty.

 

Want to find out how low your Smart Choice Auto Loan payment could be?

Calculate your savings

 Free advice & tools

 Apply Now

 

To get started simply:
Call or text 315-782-0155
Connect with one of our experienced lending professionals via Video Banking
Download the Northern Credit Union Video Banking Mobile App or use the Web Version with Safari, Chrome or Firefox.

 

Loan rates and terms are determined by each individual’s credit history, underwriting factors, and loan-to-value and are subject to change without notice. Applications are subject to credit approval.*Residual Value and **Guaranteed Future Value (GFV): The residual is the projected value of the vehicle at loan maturity. Our program guarantees this residual – we call it the “Guaranteed Future Value.” If your vehicle is worth less than what you owe on your loan at maturity, you can turn the vehicle in and “walk away.” Or you can keep the vehicle and refinance the loan balance (including residual value) as a used vehicle loan.

You have choices when it comes to your auto loan!

  • Auto Loans New York

    Ready to buy a car or motorcycle? Finance it with Northern: We’ll satisfy your need for speed—and savings.

    To get started simply:

    • Connect with one of our experienced lending professionals via Video Banking to learn more about our auto loans and motorcycle loans in NY.
      Download the Northern Credit Union Video Banking Mobile App or use the Web Version with Safari, Chrome or Firefox.
    • Become a member to take advantage of these great benefits, getting started is easy, join now!
    • Apply online anytime.
    • For more information about auto loans and motorcycle loans in New York, call or text 315-782-0155

    Rates as low as Term Sample Payment
    6.49% Fixed APR 48-months $592.76
    6.75% Fixed APR 60-months $492.09
    7.00% Fixed APR 72-months $426.23
    7.00% Fixed APR 84-months $377.32

    Vehicles older than 2016 will receive personal loan rates. The annual percentage rate is the advertised rate and can vary based on creditworthiness, age of vehicle, and terms of the loan. Contact Northern Credit Union for specific details. Rates are accurate as of 11/24/2023. Sample payments based on $25,000 loans respectively at the maximum term allotted for that balance. Rates are subject to change.