Couple driving a car into the warm sun

New, Used Car Loans

low rates, flexible terms and fast auto loan approvals

 

Car Loan Financing

When you finance with Wasatch Peaks, you’re sure to get the best auto loan rate in Utah. We provide plenty of options to help you buy your next car, truck, or SUV with ease. You could be in and out with your new or used auto loan in the same day.

Save Money With A Wasatch Peaks Credit Union Auto Loan

Choosing our auto loan products and services could be your first step toward monthly savings. Here's how:

Competitive Loan Rates

Every Wasatch Peaks Credit Union car loan offers low rates and flexible terms based on your credit history and several other factors.

 

Lower Interest Payments

With our competitive rates, you could be eligible for a lower interest rate. A lower rate means more money goes toward the actual cost of your vehicle, and less goes into your lender's pockets.

 

Reduced Monthly Payments

Lower interest costs could decrease your total monthly payments. Both first-time and experienced car buyers can appreciate lower monthly bills.

Or perhaps your financial situation has changed since you took out your original loan. If that's the case, you can renegotiate the terms of your loan by refinancing with us. 

Whatever your situation, by lowering your monthly payments, you'll have more money in your budget each month.

 

Faster Repayment Options

With more competitive terms and a monthly repayment schedule that fits your budget, you could get out of debt quicker than you expected. With faster ways to pay off your full loan amount, you'll be on your way to saying goodbye to your monthly payments altogether. Use our car loan calculator to calculate loan payments.

 

What auto loan are you looking for?

New CarUsed Car

 

Black sporty SUV

 

36 Months 48 Months 60 Months 72 Months 84 Months
RATES APR as low as
2.65 %
6 %
APR as low as
2.79 %
7 %
APR as low as
2.89 %
29 %
APR as low as
3.10 %
79 %
APR as low as
3.95 %
99 %
Camaro driving in the desert mountains

Refinance Your Car, Truck or SUV

If your car loan is with another lender, Wasatch Peaks Credit Union can still help you lower your monthly payments and save money on interest. We offer up to 100% financing of another lender's loan balance, improved loan terms, and lowered monthly payments.

Easy Refinancing

We also aim to make the refinancing process as painless as possible. If you choose to refinance with us, we'll prepare your loan documents and pay off your current loan balance with your previous lender. 

Refinance

Getting your auto loan started is as easy as coming into any branch or calling 801-627-8700!

Best Auto Loan Rates

Also, we offer some of the best auto loan rates in Utah. No other auto loan in Northern Utah can provide you with the vehicle you want at a price you can afford.

 

 

Auto Loan Application Frequently Asked Questions

  • How does an auto loan work?

    If this your first auto loan, it's important to understand the basic principles of how this financial transaction works. 

     

    Here are the basic steps:

    • You apply for a loan to pay for your new vehicle.
    • Once approved for a loan, you agree to your loan terms. These include how much your monthly car payment is, how long your loan lasts, and how your finance charge is. Your terms will depend on your credit history. A better overall credit score will typically result in better loan terms.
    • Over time, you'll pay back the cost of your vehicle—with interest—to your lender. The average car loan duration is 36–60 months.


    If this is your first time purchasing a vehicle, check out our First Time Auto Buyer Program to see if you qualify for competitive auto financing rates.

  • What kinds of factors could impact my interest rate?

    Several components can influence your interest rate. Both lenders and car dealerships consider these factors when calculating your interest rate.

     

    • The information that shows up in your credit report—namely, your credit score—can result in different interest rates. A bad credit score (600 or below) typically results in a higher interest rate.
    • The duration of your loan also matters when determining your interest rate. A shorter loan will typically come with a lower interest rate. This is because you're returning a lender's money to them more quickly.
    • Interest rates are typically higher for used cars than for new cars.
    • A bigger down payment could mean a lower interest rate for you.


    Understanding current interest rates is an important part of the car-buying process. Make sure you can recognize a competitive rate before walking into a car dealership.

  • Why should I finance my car through Wasatch Peaks Credit Union and not my car dealership?

    Getting a pre-approved loan from a financial institution helps you better focus on what you're trying to do: buy a car. 

     

    With a pre-approved loan, you'll be able to:

    • Understand any issues that might come up with your credit score and how they impact your interest rates
    • Negotiate loan terms that fit your budget—with no unnecessary mark-ups from a dealer
    • Become an informed buyer who understands their options

     

    You can always ask a dealer to match your loan rate and terms or to offer you a more competitive loan. But with a pre-approved loan from Wasatch Peaks Credit Union, you'll at least have some loan research under your belt.

 

Choose Wasatch Peaks Credit Union For Your Auto Loan

At Wasatch Peaks Credit Union, we'll work with you to make sure you receive the car loan that's right for your situation. Whether you're a first-time buyer or a vehicle owner looking to refinance, we can help. With our competitive rates and flexible repayment options, you'll be on the road to savings in no time.

Apply Now

 

If you still have questions about our auto loan options, fill out our form below to talk to one of our customer service representatives. Or if you're convinced that we offer the most competitive loan rates in Utah, apply for a loan online now.

Get Answers

*Annual Percentage Rate (APR). On Approved Credit (OAC). This is our best rate; your rate may be different depending on credit history and underwriting criteria. Rates subject to change based on vehicle loan-to-value and term. Limited time offer.