Ready to Buy Your First Car?

Whether you’re a student or a working adult, buying your first car is an exciting time in your life. A vehicle is a major purchase, and many of us need some form of financing to complete that purchase. We want to help you get into your first car and get moving. 

One Detroit Credit Union is pleased to announce simple and affordable auto loans for first-time buyers. They're a great way to build credit and get on the road to a successful future. 

Introducing First Time Auto Loans

Special Rate for First-Time Buyers

First-Time Auto Buyers receive a flat 10.99% APR*.

No Co-Signer Required

For qualified applicants. 

Turn Your Down Payment Into Savings

We'll convert your down payment into a savings account after 12 consecutive months of on-time payments. 

Good Grade Discount 

Are you a student with a cumulative GPA of 3.50 or higher? Get an additional 1% discount on your interest rate when you show us your report card!

Details You Need to Know

• Maximum Loan Value: $15,000 if employed less than 90 days with current employer; $20,000 if employed 90 days or longer with current employer
• Maximum Term: 60 months
• Qualified applicants may be eligible for lower APR*

*APR = Annual Percentage Rate. Rate discounts cannot be combined. To qualify, you must be a first-time buyer with no previous auto credit. Subject to approval based on credit worthiness. The maximum loan amount is $20,000. Maximum term of 60 months. Vehicles must be 7 years or newer with fewer than 105,000 miles. Maximum loan to value 125%. Membership required. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice. See credit union for complete details.