JavaScript must be turned on in order for this site to display properly.
What Can DCU Save You?

Second Chance Car Loans

Keep your car. Trade your loan.



  • Features
  • Details
  • Rates
  • Reviews
  • Apply Now
  • Resources

DCU Second Chance Car Loan


Refinance Today and Start Saving!

Move your car loan to DCU and...

  • Lower your payment
  • Lower your rate,
  • or both!

Auto Loan Refinance Calculator

Compare DCU with
your current payments

*Rate for Free Checking with Relationship benefits and Electronic Payment. For Free Checking with only Basic or Plus benefits, add 0.5%
Results are an estimate. Your actual rate and payment may vary.

Your Annual
Percentage Rate
at DCU*

2.24%

Estimated Monthly Payments at DCU

$288

Estimated Monthly SAVINGS at DCU

$62

Estimated LOAN SAVINGS at DCU

$2232

800.328.8797 (select 3)

Please refer to Details and Rates tabs for additional information and important disclosures.

"Loan was fast, very low rate, and easy."

Open quote Best rate I found anywhere, and the fastest response times. Close quote

— Eric, Guilderland, NY

Moving your car loan to DCU can cut your payment

In today's economy, every dollar that you save counts. Wouldn't you like to reduce the monthly cost of owning a car? With a 2nd Chance Car Loan, DCU can lower your monthly payment.

How do 2nd Chance Car Loans work?

We can usually save you money one or two ways...

  1. Lower your interest rate – We often find people were given a higher rate than they deserved at another institution or dealership – especially on used cars.
  2. Spread out your remaining balance – We can spread out what's left on your loan so each monthly payment is smaller.

Whether you opt for a smaller monthly payment or to pay off your loan faster, you can save a bundle on your monthly expenses.

Let us evaluate your current loan

We'll look at...

  1. The make and model of the vehicle
  2. The remaining loan balance
  3. The current monthly payment and interest rate
  4. The original number of payments and how many you have left
  5. The name, address, telephone number, and loan account number for your current lender (most of this information will be in your loan coupon book or statement)

From that, we'll be able to estimate how much you'll save. Your actual savings will depend on your personal credit history, account relationship, and repayment method.

You can always expect an honest evaluation from DCU

If we can't reduce your payment, we'll let you know. Our vision is that All members achieve their financial goals. We want to ensure you get a good deal...even if you already have it. It's worth a few moments to find out how much we can help you.

How can we offer such a good deal?

Because our auto loans are already a great value...

  • New or used vehicles at the same low rates – Car dealers and most institutions often charge you more for used – some 20% or more.
  • Borrow for cars, trucks, or vans – Borrow to buy your next vehicle or refinance the one you drive.
  • Great rates and affordable payments – Finance up to 84 months. The longer the loan term, the lower your monthly payment.
  • Borrow up to 120% of Price – Qualified borrowers can finance up to 120% of NADA retail book value or 120% of the purchase price – whichever is less, PLUS DCU GAP and DCU Warranty. DCU will only finance over 100% when it's DCU's GAP and Warranty, not dealer add-ons.
  • Save with Relationship benefits and electronic payment – Save on rates when you qualify for Relationship benefits on your DCU Checking Account and make payments electronically (payment by transfer in Online Banking, Mobile Banking, Easy Touch Telephone Teller, DCU ATM, or internal DCU automatic transfers). Add 0.50% to rate for other payment methods.

Auto Loan Refinancing Rates*

Terms / Features Our Best Rates*
  Annual Percentage Rate
(APR)
Estimated Monthly Payment
Per $1,000 Financed
Auto Loan Calculator
Up to 36 months 2.24% $28.75
Up to 48 months 2.24% $21.80
Up to 65 months 2.24% $16.35
Up to 72 months 3.24% $15.30
Up to 84 months 4.74% $14.01

Rates are effective .

*Rates are determined by your personal credit history, account relationship, and payment method. Rates listed are for consumer loans. Rates on commercial vehicle loans are 1% to 3% over rates listed. Certain business vehicle and equipment loans may be subject to a maximum loan of 80% of the purchase price.


Second Chance Car Loans is rated 4.8 out of 5 by 4464.
Rated 5 out of 5 by from Great interest rates Glad that I became a DCU customer and refinanced my auto loan
Date published: 2017-09-17
Rated 5 out of 5 by from Simple and easy process Simple, easy process. Car dealership said "go thru us, not them becasue they will keep sending you things to sign". Nope, one call, one stop, all done. Great process, no pressure.
Date published: 2017-09-17
Rated 5 out of 5 by from Fabulous Fast service with proper guidance on the entire loan process and rate were at par the market, i am extremely satisfied with the loan process and auto ratea are best in the market. I saved a good mo ey in refinancing with DCU
Date published: 2017-09-17
Rated 5 out of 5 by from Quick Approval Of Car Loan Auto loan was approved very quick & rate is acceptable %
Date published: 2017-09-16
Rated 5 out of 5 by from Excellent Service This loan service is the excellent one and quick hazel free processing.
Date published: 2017-09-16
Rated 5 out of 5 by from Best rate of interest It is very easy and Best to lower you're interest rates.
Date published: 2017-09-16
Rated 5 out of 5 by from Excellent customer service . Good rates and quick follow ups. Excellent customer service . Good rates and quick follow ups
Date published: 2017-09-16
Rated 5 out of 5 by from Quick loan process The MSR was quick, provided all information I needed and got me my car loan with ease. She was also very professional and pleasant.
Date published: 2017-09-16
  • y_2017, m_9, d_18, h_21
  • bvseo_bulk, prod_bvrr, vn_bulk_2.0.3
  • cp_1, bvpage1
  • co_hasreviews, tv_0, tr_4464
  • loc_en_US, sid_18-3, prod, sort_[SortEntry(order=RATING, direction=DESCENDING), SortEntry(order=SUBMISSION_TIME, direction=DESCENDING), SortEntry(order=FEATURED, direction=DESCENDING)]
  • clientName_digitalfederalcreditunion


Request for auto loan

Hi, I recently moved to US from India in H1B. I do not have a credit score yet. I am planning to get a car for my daily use. My budget is 5000$ TO 10000$. Please let me know if DCU be able to provide me an auto loan and if so how much can DCU provide me over the price of the car.
Asked by: Arun
Hi Arun, You can contact DCU Customer Service with contact details mentioned on website, DCU executive will ask you for the standard details like requirement, Address, Social proof, Offer letter if pay stubs are not yet generated. Once you have all the documents, you loan approval and processing will not take more than 5 days. In my case it was disbursed and received by me on third day.
Answered by: Vinay
Date published: 2017-03-04

Does applying for a 2nd chance auto loan affect your credit score and/or put a hard inquiry on your credit?

Asked by: Gwen
Any time you request a "loan" from most institution they will hard pull you, even those that say they soft pull, eventually will make a hard pull upon approving the loans. Some may qualify you with a soft pull but still will do a hard when you go through with the actual loan. Every inquiry and new account will affect your credit because that's just how it is designed by the Bureaus and not set by the banks. Depending on a lot of factors the amount of affect will depends if you have superior credit it may not do much but if you have weak credit it may affect it much more until it ages and you pay on it on time.
Answered by: Danny
Date published: 2017-02-18

Used car loan

Hi, I am in US past 10 months on my H1 and getting decent pay and my salary account with BOA, i am thinking for get used car around 10k and i am able to find used car,however when i tried to get loan from BOA, they rejected loan and i am sure it will effect to credit history and I have decent credit score 677 not bad for 10 months old person in US i believe, now please let me know if i get autoloan in from DCU.
Asked by: Karun
First, do not disclose your credit score to anyone except banks or authorised places. This score Is not to be disclosed in such forums. You can call dcu customer care and speak to loan expert officers and they will help. They are very polite and helpful to explain in details about the product and Answer your queries.
Answered by: gautam
Date published: 2017-03-25

Can I refinance a loan that is funded by DCU?

My original loan is funded by DCU at a higher rate. Can i refinance and take advantage of a new lower rate?
Asked by: trojan
Yeah you can refinance
Answered by: Sai
Date published: 2017-08-26

Is there any limit to how old a car can be to get a second chance loan?

Asked by: MW
There is no limit, but DCU checks the history of the car that you wish to buy before issuing loan amount.
Answered by: charchi
Date published: 2017-02-04
  • y_2017, m_9, d_18, h_21CST
  • bvseo_bulk, prod_bvqa, vn_bulk_2.0.3
  • cp_1, bvpage1
  • co_hasquestionsanswers, tq_49
  • loc_en_US, sid_18-3, prod, sort_[SortEntry(order=LOCALE, direction=DESCENDING), SortEntry(order=FEATURED, direction=DESCENDING), SortEntry(order=NUM_ANSWERS, direction=DESCENDING)]
  • clientName_digitalfederalcreditunion

"Saving Money"

Open quote I recently refinanced my car with DCU and I saved so much money that it makes my new home buying experience less stressful. Being a DCU member for 4 years now I received a lower rate than expected. Close quote

— Nelson, Chichester, NH

It's easy to apply for a DCU 2nd Chance Car Loan

  1. Apply Online – 24 hours a day, 7 days a week.
  2. Apply by phone – 24 hours a day, 7 days a week call 800.328.8797 or 508.263.6700 and press 3.
  3. Any DCU Branch – Visit your local branch.

"Loved the lower interest rate!"

Open quote DCU came through with the best interest rate, and the process was so simple! Keep up the great job! Close quote

— Whitehall, Hopkinton, MA

Second Chance Car Loan Resources

  • Are You Already Approved? – Login to Online Banking and check your Account Manager inbox for a message. If you are, you can accept your approved loan online.
  • NADA Vehicle Price Guide – Get prices on new and used vehicles to help in negotiating the sale or purchase of a vehicle.
  • Loan Payment Method Authorization (.pdf format) – Use to have DCU set up electronic loan payments by transfer from your DCU savings or checking account. Note: you can set this up on your own with Internet Online Banking Automatic Transfers.
  • Payment Protection – Helps relieve the pressure of your loan payments during certain unexpected events.
  • DCU Auto Insurance – You can count on us for good service, good value, and expert help in choosing the best auto insurance solution for you and your family.
  • Mechanical Breakdown Insurance – Available through DCU, it covers you for out of pocket repairs on both new and used cars at half the cost of an extended warranty.
  • Guaranteed Asset Protection – If your car is totaled or stolen, this optional insurance covers the difference between the insurance settlement and the loan balance.
  • TItle Services – Request a Lien Satisfaction Letter or Duplicate Title Application.

Second Chance Car Loan Related Links

  • Loan Calculator – Use these calculators to determine an approximate loan payment based on the loan amount (loan cash), term, and credit history standing. This helps you see if a loan will fit within your budget.
  • StreetWise Guide to CreditStreetWise guide helps you understand how credit works, how to use it responsibly, how to know if you are having difficulty with it, and what to do if you are.
  • Skip a Payment (.pdf format) – You have the option to skip a loan payment without impacting your credit rating.
  • Calculate Finance Charges – Sometime members have questions about how Finance Charges or Interest on their DCU loan accounts are calculated. This information is designed to make the information in your loan disclosures a little easier to understand.
  • Schedule of Fees and Service Charges – Details regarding member benefits that may help you avoid fees.
  • Vehicle Loan Payoff Form for Insurance Agencies or Dealers – Dealers and insurance agencies can use this form to obtain a 10-day loan payoff for members' auto loans.