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Used Auto Loan Rates

Drive away with used auto loan rates that fit your needs

Find used auto loan rates that match your budget, vehicle, and goals with Wasatch Peaks Credit Union.

Auto Loan Rates

Loan
Term
APR
Auto
special rate
36 Months
4.05%
Auto
48 Months
4.15%
Auto
60 Months
4.24%
Auto
72 Months
4.49%
Auto
84 Months
5.24%
Auto_Tailgate

Drive Your Car Home Today With A Used Car Loan

If you’re ready to take the next step toward purchasing a used car, contact our representatives at your local branch, or fill out an application online! We stand ready to guide you through every step of the process.

Used Auto Loan Features

  • Statewide competitive used auto loan rates
  • Flexible terms from 36 to 84 months (3 to 7 years)
  • Fast, easy, efficient approval rates
  • New buyers have access to our First Time Auto Buyer Program
  • Advanced auto warranty protection
  • GAP insurance offered to all borrowers

How Used Auto Loan Rates Impact You

Competitive used auto loan rates are great for better peace of mind and your bottom line. There are some ways you can impact your rates before settling down to sign any paperwork.

  • Lower monthly payments are available through longer-term lengths, although interest rates often rise with additional terms.
  • Great APR rates allow you to pay less on your borrowed money in the long run.
  • Higher down payments reduce the amount of borrowed money you need, saving you even more.

 

Used Car Loan Frequently Asked Questions

  • What’s considered a used car loan?

    A used car loan is a personal loan that’s used to finance a used vehicle bought from a dealer or private seller. A used car by this definition is one that has been owned by another person before.

  • Will a used car loan affect my credit score?

    It depends on several factors, but a used car loan can affect your credit score. On one hand, it will increase your credit utilization, which could cause a slight dip. On the other hand, making car payments on time will build your credit in the long run, so it can be beneficial over time.

  • Can I refinance a used car loan?

    Absolutely! If your credit or financial situation changed since you first purchased your vehicle, you can refinance for more affordable rates or payments, or even increase your monthly payment to pay off your vehicle faster.

*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.