Used Car Loans

Drive towards a brighter future
It’s your Advantage

Buying a Used Car is Easy with 1st Advantage

Finance a car that fits your budget. Our team of experts will help you secure all the advantages of more savings, great rates, and affordable terms.

Navigate the Application Process with Ease

Sit back, relax and apply online. We’ll handle the rest.

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Apply Online

Apply from a computer or your phone. It’s simple and hassle free.

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Sign Your Loan

Agree to the loan amount, rate, and term that fits your budget and steers you in the right direction.

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We’ll Do the Rest

We’ll provide the funds to the seller for your new car, and you’ll be driving off the lot in no time.

Great Rates to Empower Your Purchase

Our competitive rates and affordable terms help take all the stress out of your purchase. Plus, for a limited time, receive FREE GAP Insurance* when you finance your new or used auto loan directly with 1st Advantage. Our Auto Protection Programs provide you peace of mind when the unexpected happens.

Used Auto Loans

Term

APR* as low as

*APR = Annual Percentage Rate. Current APR as of 10/28/2024. Other terms available. Minimum financed amount required. Minimum monthly payment required. Rate based on creditworthiness and term of loan. Rates are subject to change at any time and are not guaranteed. Listed Auto Loan rates include .25% discount with autopay set up & .25% discount on B+ and higher credit scores with 80% LTV. Regardless of available discounts, 5.49% is the minimum APR offered. Mileage and the condition of the collateral will be considered. Certain restrictions apply. Rate depends on model year.

Term

Up to 48 months

APR* as low as

5.49%

Term

Up to 60 months

APR* as low as

5.74%

Term

Up to 66 months

APR* as low as

5.99%

Term

Up to 75 months

APR* as low as

5.74%

Term

Up to 84 months

APR* as low as

6.99%

What Our Members Are Saying

A friend recommended 1st Advantage Federal Credit Union when I needed funds to buy a car, which turned out to be a brilliant suggestion. I discovered that living in the area made me eligible to join. I was able to get my auto loan and the experience was great! I now use them for all my financial needs.

Natalie J. Member since 2022

Ready to Crunch Some Numbers?

Enter the amount you wish to borrow and preferred loan term to determine your estimated monthly payment and interest rate.

Calculated payments shown are for estimation purposes only. Actual loan payment amount will be disclosed at loan closing and may differ slightly.

Get Answers to Your Questions

Yes! We don’t attach prepayment penalties to our vehicle loans. You can pay your loan off at any time.

The 1st Advantage Car Buying Service is an online platform that helps members buy cars by providing pricing information and connecting them with certified dealerships.

Here is how it works:

  • Search top brands and get discounted, upfront pricing.
  • Get an upfront price online, including incentives and discounts.
  • Select the right 1st Advantage loan for you and apply in minutes.
  • Head to the dealer knowing exactly what you’ll pay.

Yes! You can save hundreds or thousands of dollars refinancing with us.  Simply apply for a new auto loan refinance through our application portal, or visit a local branch to speak with a loan officer in person.

By prequalifying, you get a sense of how much car you can afford to finance. That way, when you go car shopping and see your dream car, you’ll know you can buy it.

You can make a secure online loan payment with any debit card or bank account through our Online Banking system. You can set up a Payroll deduction or call 800-359-7650 or 757-877-2444 for Pay by Phone services. You can visit any of our 13 full-service branches or one of the 5,000 Co-Op Shared Branch locations throughout the Hampton Roads area. And finally, you can mail a check to 1st Advantage: P.O. Box 2116, Newport News, VA 23609.

Yes! Our Skip A Payment* program makes it easy to find extra cash for whatever you choose! With our convenient online form, you can request to defer one of your monthly loan payments when you need to, from wherever you are.


Details:

  • Loan must be open for at least 11 months and member must have made 9 consecutive payments on the loan.
  • All credit union accounts must be in good standing.
  • A $30 fee will be deducted from your savings or checking account per loan, per occurrence. If the funds are unavailable, the request will be unable to process.

Click here for the Skip A Payment Application.

Click here for the Skip A Payment with Co-Borrower Application.

*Fixed term Signature, Secured, and Vehicle loans qualify for Skip A Payment program. Credit Card, Signature Lines of Credit, Mortgage, Business, and CashPlease loans are not eligible for program. Charges and other restrictions may apply. Loan must be open for at least 11 months and member must have made 9 consecutive payments on the loan. Member must be current on loan, all credit union accounts, and in good standing to qualify. One skipped payment may be used on a qualified loan in a rolling 10-month period. There is a $30 application fee per loan, per occurrence. All requests to defer a payment must be approved. Interest will continue to accrue during the deferral period. This will extend the original term and increase the amount of finance charges. If there is a Co-Borrower/Guarantor on the loan, all parties must sign to be eligible for this program. Please complete and submit the Skip a Pay application 7 days in advance of the requested loan due date. 1st Advantage will make a donation of up to $12,000 to An Achievable Dream. Donations will apply from October 1 – December 15, 2024. Contact us for additional details.

Can’t find what you’re looking for? See all our FAQs or contact us.

Request More Information About Used Car Loans

Learn more about what it takes to finance a used car. Fill out the form below to request more information.

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Disclosures

*Free Gap insurance available for all new and used vehicle purchases only. No cash value. Auto offers cannot be combined. 1st Advantage reserves the right to cancel this promotion at any time. Contact 1st Advantage for details.