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Auto Loans

Whether your dream car is new or just new-to-you, DCU's auto loans make it easy to hit the road by offering low rates and flexible terms. Plus, make no payments for 60 days* when you open an auto loan or refinance your auto loan from another financial institution. 


Man driving with a smile on his face.

See how securing an auto loan before shopping could help you get the most for your money.

Car Dealership Parking Lot

Become familiar with the types of offers, and the terms and conditions that can make or break your purchase before you head to the dealership.


As Low As
1.49% APR¹
Apply Now
DCU Discounts
Included for Plus and Relationship Members with Electronic Payments.
Additional Discount For Energy Efficient Vehicles

Membership Required

1.     Eligibility by Family Relationship to a Current DCU Member

Relatives of DCU members are eligible to join if they are spouses, domestic partners, children grandchildren, parents, grandparents or siblings (including adoptive in-law, and step relationships).

2.     Eligibility by Company You Work for or Retired From

  • You currently work for or retired from a company in our list of participitating employers.
  • You have a family relationship (as described above) to a non-member who currently works for or retired from a company or organization in our field of membership.

3.     Eligibility by Organization You Belong To

  • You currently belong to or join an organization whose members we serve.
  • You have a family relationship (as described above) to a non-member who belongs to an organization in our list of participating organizations.

4.     Eligibility by Community

You are automatically eligible to join DCU if you live, work, worship, or attend school in one of the communities in our list. Any business or other legal entity located in one of these areas is also automatically eligible to join.


  • For new or used vehicles - with the same low rates.
  • Purchase or refinance - borrow to buy your next vehicle or refinance the one you drive.
  • Affordable payments - the longer the loan term, the lower your monthly payment.
  • 0.25% rate discount for energy efficiency - Vehicle must have an EPA fuel economy rating of 35 MPG or 35 MPGe combined city/highway.

Auto Loans and Auto Refinance Loans

Terms APR¹ As Low As EMP² Per $1,000
Up to 36 Months 1.49% $28.42
Up to 48 Months 1.49% $21.47
Up to 65 Months 1.49% $16.02
Up to 72 Months 2.49% $14.97
Up to 84 Months 3.99% $13.66

How much will my loan payment be?



Estimated payment will be

This calculator is property of CalcXML and licensed for use on It is provided as a self-help tool for your independent use. The results shown are based on information and assumptions provided by you regarding your goals, expectations and financial situation. Applicability or accuracy in regards to your individual circumstances is not guaranteed. All examples are hypothetical for illustrative purposes only and are not intended to purport actual user-defined parameters. Default figures shown are hypothetical and may not be applicable to your individual situation. The calculations provided should not be construed as financial, legal or tax advice. Consult a financial professional prior to relying on the results presented. 

Plan for Your Auto Loan

Frequently asked questions and answers to help manage and plan for your auto loan.

The most common ways to apply for a DCU Auto Loan are through our online application or in a branch (Note: branch lobbies are currently open by appointment only.) If you are already a DCU member, you can submit your application within Online Banking under LoanSuite. This will allow you to streamline your application, because you won’t be asked for any information we may already have. Additionally, you could check to see if you are already preapproved for an auto loan.

If you have questions or need assistance submitting an application, you can contact our Consumer Loan Call Center at 800.328.8797 – then select Option 3.

You must be a DCU member to finalize and fund a vehicle loan, but you can submit your loan application before finalizing membership. If you are not yet a DCU member, you will receive information about how to apply to become a member after you receive your loan decision.

For more information about membership eligibility, visit our membership eligibility page.

No—you do not need to have a vehicle selected before submitting your auto loan application. Some members choose to initiate their application before deciding on a vehicle, so that they know their exact budget and can complete the transaction quickly once they find the right one.

When you apply, you have the option to indicate you don’t yet know the make and model of the vehicle. However, you will be asked to provide an estimate of your loan amount (purchase price less any down payment or trade-in value). If approved, your loan offer will be good for up to the stated amount pending verification of all required documents. When you finalize your loan, you can specify the exact dollar amount you wish to fund.

To apply for an auto loan, you will need the following information:

  • Whether the vehicle is new or used
  • The estimated loan amount
  • The desired term of the loan (options range from 12-84 months; subject to qualification)
  • Your personal information (First/Last Name, SSN, Date of Birth), if requested
  • Physical and mailing address
  • Personal identification (i.e. Driver’s License, Passport etc.)
  • Co-applicant information (if applicable)
  • Employment status
  • Gross monthly income
  • Monthly expenses

To finalize and fund your auto loan, you will need to do the following:

  • Become a DCU member, if not already a member
  • Submit copy of the purchase & sale agreement (for dealer purchases)
  • Submit verification of income, if requested
  • Submit any additional requested documents
  • Finalize funding details (check dollar amount, payment due date, term, interest rate, payment options and to whom the check is payable)
  • Sign the Note & Loan Agreement

The timeline for application and funding can vary, depending on how quickly the required documentation is provided. In many instances, we are able to provide instant decisions on applications submitted through our online application. You will receive a notification if further review is needed to decision your application. Once you provide all of the documentation needed to finalize your loan, the check is usually delivered by FedEx within 2-3 business days.


Rates are determined by your personal credit history, loan term, account relationship, and payment method. Members may be eligible for a 0.50% discount by maintaining electronic payments on the loan and Plus or Relationship benefits on your DCU checking account. Rates and terms on loans for other types of vehicles, including mobility vehicles, will differ.


Many factors go into determining the final loan amount for the purchase of a new or used vehicle. These factors include any manufacturer's rebate, the trade-in value of your old vehicle less any outstanding balance, your down payment, etc.

Once the loan amount is determined the interest rate and the term of the loan will be used to estimate your vehicle payment. To estimate your monthly payment, try our Monthly Payment Calculator.


Loan to value is the ratio that compares the amount of a loan against the value of the vehicle. Typically, lenders have a “maximum LTV” threshold in place which determines how much of a loan they are willing to finance for a vehicle based on its value. The LTV threshold is based on a number of factors, including creditworthiness, vehicle age, mileage and term of the loan. At DCU, qualified borrowers could finance up to 130% of the purchase price or book value, whichever is lower.


GAP insurance is optional auto insurance that helps pay off your loan in the event your vehicle is totaled or stolen and you still owe more than the depreciated value. Regular auto insurance will only cover what the vehicle is worth at the time of the loss. GAP insurance protects you when your auto loan balance exceeds your car's current book value. DCU offers members GAP Advantage insurance through Allied Solutions. GAP Advantage can be purchased for both new and used vehicles, for a reasonable one-time cost of $300. For more information, visit the GAP Advantage Insurance page.

Other insurance options that DCU makes available to members include:

  • Mechanical Breakdown Insurance – An alternative to extended warranties you might purchase from a dealer. Mechanical Breakdown Insurance usually lets you go to your repair shop, whereas dealer warranties limit work to specific dealerships. Visit our Mechanical Breakdown Insurance page for more information.
  • Payment Protection Insurance - Helps relieve the financial stress and worry related to making loan payments when your life takes an unexpected turn. Visit our Payment Protection Insurance page for more information about covered events and coverage amounts.

Yes, DCU works with a select group of dealerships in New England through Credit Union Direct Lending (CUDL). These dealerships can submit an application to DCU or other lenders on your behalf and get the required paperwork for funding to DCU. Visit our CUDL Auto Buying page for more information.



Membership Benefit Levels

While every member has access to most of our great benefits, the more a member does with DCU, the more those benefits multiply. Check out the information below for a detailed description of benefits by level.

Basic Member Benefits

Every member enjoys these benefits automatically:

  • No minimum balances or monthly maintenance fees
  • FREE use of 23 DCU Branches in MA/NH - and more than 5,900 shared branches nationwide
  • FREE use of 35+ DCU ATMs in MA/NH - and more than 80,000 surcharge-free non-DCU ATMs nationwide.
  • FREE use of DCU Online & Mobile Banking - carrier data and message rates may apply
  • FREE DCU Visa® Debit Card with EMV chip - upon approval
  • FREE eStatements, account alerts and notifications

Plus Member Benefits

Enjoy all the Basic Member Benefits plus:

  • Paid up to two days early with Direct Deposit.
  • Up to $10 per month ($120 per year) in reimbursements for ATM fees charged by other institutions.
  • 0.50% discount on most consumer loans, when the loan is paid with electronic payment.

How to Qualify: Add and maintain direct deposit (qualifying direct deposit is a recurring electronic credit of your payroll, retirement, Social Security, or other recurring monthly income). If at any time you fail to maintain these qualifications, your benefit level will be automatically adjusted without notice and you will no longer be eligible to receive the associated benefits.


Relationship Member Benefits

Enjoy all the Plus Member Benefits and:

  • Up to $25 per month ($300 per year) in reimbursements for ATM fees charged by other institutions.
  • FREE DCU Custom-style checks (100/year)

How to Qualify: Add and maintain direct deposit (qualifying direct deposit is a recurring electronic credit of your payroll, retirement, Social Security, or other recurring monthly income) AND make at least 5 transactions per month (qualifying transaction types include debit and/or credit card transactions, bill payments, balance transfers, or P2P transfers that clear your account within the same month). If at any time you fail to maintain these qualifications, your benefit level will be automatically adjusted without notice and you will no longer be eligible to receive the associated benefits.

You can visit our Vehicle Titles page to find information on the following: 

  • The difference between title and registration.
  • How to give the title to DCU?
  • What information needs to be on the title?
  • What will happen if the title with DCU listed as lienholder is not received?
  • What needs to be done if you move to another state?
  • How can you change or remove names on a title?
  • What happens to the title after the loan is paid in full?
  • What to do if you lose your title after the loan is paid in full?

Contact Us

We are currently experiencing extremely high call volumes. To help keep our phone lines open for those members directly impacted by the current COVID-19 outbreak, please leverage self-service tools such as Online and Mobile banking for routine transactions.

All DCU branch lobbies, including our Teller lines are open. Member Service Representative (MSR) advance appointments are no longer required but are encouraged. We look forward to serving your financial needs.

Book An Appointment                        

What Our Members Are Saying

Best rates and service

RATINGS 5 5 / 5 stars

Needed a new car and searched through my entire area for rates. Ended up going with DCU because rates were best anywhere, I could find. Gave them a call and rates were even better than listed. Service after applying was top notch.

Weekendjedi - Cincinnati, Ohio


Perfect Combo

RATINGS 5 5 / 5 stars

Professional service, faster and easier Process, good rate... can't ask for more! Thanks DCU!

Suresh - Charlotte, North Carolina


Best rate ever!!!

RATINGS 5 5 / 5 stars

I have been a DCU member with multiple accounts and auto loans for over 6 years now and they are hands down the best out there. No nonsense and no hidden. I strongly recommend DCU for all your banking.

RR - Salt Lake City, Utah


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*DCU is offering the option to take advantage of no payments for the first 60 days after the closing of the loan. No payments for 60 days Auto Loan feature is valid on new Auto Loans and Auto Refinance Loans from other institutions; refinancing of existing DCU auto loans is not eligible. Interest will begin to accrue on the date the loan is funded. The first payment after the 60-day no payment period will first be applied to the interest accrued from the date the loan was funded to the first payment date and then applied to the principal due.  Back to Top ^