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Benefits of the
Payment Saver Auto Loan
  • No first or last payment or money due at signing
  • Vehicle ownership
  • No capitalization fees
  • No acquisition fees or down payment required
  • No early termination fees
  • Mileage options of 12,000, 15,000 or 18,000 per year available
  • Option to Sell, Trade, Refinance or Payoff at any time or,
  • Turn-in vehicle at loan maturity and simply “walk away"

Calculate Your Payment Saver Auto Loan

 

Negotiating Power
Negotiating Power

When you have loan pre-approval from PrimeWay, you can walk into any car dealership and negotiate with confidence, knowing that you have the financing you need.

Flexible Financing
Flexible Financing

Choose from terms between 36 months and 84 months, and we can accommodate you even if your credit is less than perfect.

Quick & Easy Pre-Approval
Quick & Easy Pre-Approval

Apply for a loan online and, in most cases, receive a pre‑approval decision within 24 hours.

Competitive Rates
Competitive Rates

As a PrimeWay member, you can get interest rates as low as 3.80% APR* for up to 36 Months, so the vehicle of your dreams is within reach.

As low as 3.80% APR*
Get a low rate auto loan
As low as 3.80% APR*

Low Auto Loan Rates

You spent time picking out the perfect car. And with rates as low as 3.80% APR*, there's only one quick thing left to do:

Get Preapproved
Get Preapproved

Apply for an auto loan at PrimeWay and get preapproved before stepping foot into the dealership. That's instant buying power and incredible savings.

Rates as low as 3.80% APR* Like a Lease, But Better!

Promo Code

PAYSAVE24

*APR = Annual Percentage Rate. Term for rate listed is for up to 36 Months.

How to Get an Auto Loan from PrimeWay

Step 1
Step 1

Start the online application to get pre-approved by clicking the button below.

Step 2
Step 2

Visit our Member Auto Center or search dealer inventory using the tool below.

Step 3
Step 3

Finalize your loan with PrimeWay and drive off the lot in your dream vehicle!

Skip a Payment on Your Auto Loan

Having one of those months where money is a little tight due to some unexpected expenses? At PrimeWay, we understand. That's why we offer our members the chance to Skip-a-Pay. For just $35 per qualifying loan, you can skip your payment and free up the cash you need. To quickly skip a payment, log into online banking or your mobile app. Need more info?

Skip-a-Pay Details

New & Used Auto Loan FAQs

Can I still get an Auto Loan if I have bad credit?

We understand that not everybody has perfect credit. We can work with you to accommodate the higher risk of lending to someone with less-than-ideal credit with a higher interest rate. That way, you can get the car you want.

Why should I get pre-approved for a car loan?

We recommend loan pre-approval because it puts you in a position of strength when you walk into a dealership. You won’t feel pressured to sign on for dealership financing, which is always more expensive than a credit union loan.

How long does the pre-approval process take?

In most cases, you can be pre-approved for an auto loan within 24 hours.

Is an auto loan eligible for the Skip-a-Pay program?
Yes, our new and used auto loans are eligible for the loan Skip-a-Pay program. Skip a payment on eligible loans, quickly within online and mobile banking. Need more information? Visit our Skip-a-Pay program page.

Learn Why Our Members Love PrimeWay

We make your dreams our mission – every day. Read what our members have to say about how PrimeWay membership has helped them achieve their dreams.

Member Testimonial
Member Review
PrimeWay Testimonial
What Our Members Say
Member Testimonial
Member Review

*All rates are listed as Annual Percentage Rate (APR). The 3.80% APR is for a 36-month term and includes a 0.25% discount for the purchase of Mechanical Breakdown Protection (MBP), available at an additional cost. The payment is $29.44 per $1,000 monthly, with Total Payments of $1,059.84 per $1,000. All loans are subject to credit approval. Normal credit criteria apply. Rates are based on a combination of your earned credit score, the term you select, collateral, down payments, loan-to-value position and other normal lending criteria. Not all applicants will qualify for the lowest rate. Rates and terms are subject to change without notice. Interest begins to accrue on the date of loan consummation. 

*The Skip-a-Pay fee is $35 per loan and is to be deducted from your selected account or advanced from the loan, pursuant to your selection in the request. Loans are eligible for up to two (2) Skip-a-Pays per rolling 12-month period. Skipping a payment will extend the loan term, and interest continues to accrue during the deferral period. Your account must be in good standing and may not have any negative share or share draft accounts with the Credit Union outside of Overdraft Privilege guidelines. The loan must have had at least six (6) months of payment history, may not be 30 days or more past due and may not have been more than 30 days or more past due in the last six (6) months. Collateralized loans may not have a current active Collateral Protection Insurance (CPI) policy added to the loan, and collateral must be currently insured in accordance with the loan agreement at the time of the Skip-a-Pay request. Auto loans with Guaranteed Asset Protection (GAP) coverage may experience a deficiency balance in the event of a total loss. Any such deficiency balance will remain your responsibility. Mortgage, Home Equity, Home Improvement, HELOC, Credit Cards, Lines of Credit, Balloon, Stock, Integrity, or any loan with a term of 12 months or less is an ineligible loan type.

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