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Car Loans
Loans for every ride: new, used or a refinance
Whether you’re buying or refinancing, all of our affordable car loans feature:
- Quick and easy loan applications
- No origination or application fees
- Same-day approvals in most cases
- Flexible term options by loan amount and/or model year
AS LOW AS
5.74%
ANNUAL PERCENTAGE RATE
Auto Loan Rates
Rates effective starting: May 9, 2025
| Product1 | APR (as low as)2 | Maximum Term | Monthly Cost |
|---|---|---|---|
| New Auto | 5.74% | 48 months | $23.38 |
| New Auto | 5.74% | 66 months | $17.71 |
| New Auto | 5.99% | 75 months | $16.03 |
| New Auto | 6.74% | 84 months3 | $14.97 |
| Used Auto (2013 or newer) | 5.74% | 48 months | $23.38 |
| Used Auto (2015 or newer) | 5.74% | 66 months | $17.71 |
| Used Auto (2016 or newer) | 5.99% | 75 months | $16.03 |
| Used Auto (2019 or newer) | 6.74% | 84 months3 | $14.97 |
| Classic Auto | 7.49% | 60 months | $20.04 |
1A new vehicle is defined as 5,000 miles or less. A used vehicle is defined as model years covering the current calendar year and the past 9 calendar years. Used car value determined by using the current NADA retail book value; new car value determined by using, MSRP. Monthly payment example of $308.43 or $20.57 per $1,000 borrowed (including optional payment protection) is based on a new or used $15,000, 60-month auto loan, at 100% Loan to Value at a rate of 5.74% Annual Percentage Rate.
2APR = Annual Percentage Rate. Rates and terms are subject to change based on market conditions and borrower’s eligibility. Ardent Credit Union has a tiered rate policy, which applies different interest rates to borrowers, based upon the borrower’s credit worthiness. Not everyone will qualify for the best rate. Interest rate based on borrower's credit score at the time of application. Borrower must meet credit union lending guidelines. Click here for membership eligibility requirements, which apply. Auto Loans are not available in Puerto Rico.
3$15,000 minimum required.
Ready to roll? These options will get you going
New car loans
- Finance up to 100% of new vehicles' value, plus tax, tags and warranty
- Available for vehicles with fewer than 5,000 miles
- Terms up to 84 months for loans of $15,000 or more
Used car loans
- Finance up to 100% of value for vehicles up to seven years old, plus tax, tags and warranty
- Terms up to 84 months available depending on loan amount and model year
Refinance an existing car loan
- Keep your car, change your monthly payment or term
- Day 1 of your loan or years later, refinance at any time
- No rate upcharge for older model years
Frequently Asked Questions
FAQ
Before a loan can close, you will need to show a valid driver’s license, proof of insurance and bill of sale (new purchase) or payoff letter (refinance).
There is no application fee.
Unlike a mortgage, there are no fees associated with refinancing a car loan.
No, you can pick from the available terms for your car’s model and loan amount.
You can do a lease buyout, which converts your lease into a purchase. Unlike a normal refinance, a lease buyout requires you to pay sales tax, since the vehicle isn’t already in your name.
Yes, you can add a co-borrower. The co-borrower does not need to be on the vehicle’s title.
Refinancing may have a small impact on score, because Ardent will need to pull your credit report. However, you are not changing the amount you owe, so your score should rebound quickly—as long as you continue to make on-time payments.
Unlike a home, you do not need to have your vehicle appraised. We use J.D. Power Clean Retail (Used Auto) or MSRP (New Auto) to determine the vehicle’s value.
It’s possible to refinance the day after getting your initial car loan. In most cases, you don’t need to wait days or months to refinance since pre-payment penalties for car loans are rare. Even if you are led to believe there is refinancing waiting period, check your loan agreement to verify.