#used auto loan rates
MCCU Loan Rates
Effective as of November 1, 2015
(Rates subject to change at any time without notice)
Other Loan Types available. Please call for information .
 All rates quoted by Annual Percentage Rate (APR). Rates quoted are lowest preferred rates based on a 740 or greater FICO Credit Score. Other rates available based on credit worthiness. Automatic payments required. Rates are subject to change at any time.
 Sample payment based on stated rate.
 AUTO LOANS: requires insurance coverage from a California admitted carrier; Comprehensive and Collision with $1,000 deductible. New autos up to 120% of invoice. The definition of a New auto is a current model year or prior model year with less than 10,000 miles. Used autos up to 120% of Retail Blue Book value, maximum age for vehicles 7 years. Used autos 8-10 years old up to 120% of Wholesale Blue Book value. Additional restrictions may apply.
 Variable rate based on one-year T-Bill .23% APR plus 8.75% margin.
 APR=Annual Percentage Rate. Minimum rate is 3.99%. Variable rate of Prime +.74%. based on the Prime Rate as published in the Money Rates table of the Wall Street Journal. Quoted rate based on 740 or higher FICO Credit Score. Other rates and terms available. Maximum cap rate is 12.49%. $30,000 minimum draw. Maximum combined loan to value (CLTV) of 80% up to $500,000.
 Rate includes automatic payment discount of .50%.
RVs. New up to 100% of MSRP. Used up to 5 years old, NEW RVs – 60 Month Term 100% Retail Blue Book value. 6-10 years old, 100% of Wholesale Blue Book value.
MOTORCYCLES: New motorcycles up to 100% of MSRP. Used Motorcycles up to 100% of Retail Blue Book value.
BOATS: New maximum loan = 75% of the purchase price. Used, up to 75% of appraisal. A title to both the boat and trailer are required.