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.

Used Auto Loans


APR* as low as

*APR = Annual Percentage Rate. Current APR as of 2/6/2024. 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, 6.49% is the minimum APR offered. Mileage and the condition of the collateral will be considered. Certain restrictions apply. Rate depends on model year.


Up to 48 months

APR* as low as



Up to 60 months

APR* as low as



Up to 66 months

APR* as low as



Up to 75 months

APR* as low as



Up to 84 months

APR* as low as


What Our Members Are Saying

I had a friend who wanted to sell her car. I wanted to buy it. I was not sure that I could get the money together. She suggested her credit union 1st Advantage Federal Credit Union. I didn’t think that I could join because I lived in the area. 1st Advantage Federal Credit Union allowed me to be a member for $5 and I was able to get my auto loan through them. They are excellent. You can do online billing, check your account and many great services without any of the disadvantages of banking. To put it simply they answer to the stock holder who is you!

Alexander N.

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 helps you shop for vehicles so you can save money while finding a ride that fits your budget. On average, our members see a savings of more than $3,402 off MSRP when using the service. But that’s just an average. The price of the vehicle you buy and the availability of that type of car in your area are just a couple of factors that impact your total savings.

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.


  • You must have made 11 consecutive months worth of payments on the loan for program eligibility.
  •  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, Payday, and Freedom Loans are not eligible for program. Charges and other restrictions may apply. Loan must be open for at least 11 months and member must be current on loan and all credit union accounts to qualify. If you have skipped a payment on a loan in the last 9 months, that loan does not qualify for this promotion. 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.

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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Explore Our Used Auto Loan Resources

Enjoy 1st Advantage benefits like our car buying service and cost-effective warranty coverage for your car.

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*APR = Annual Percentage Rate. No payments for 90 days on approved and funded loans, restrictions apply. Offer available for a limited time.

Receive $250 cash when you finance a new auto loan (2021 or newer) directly with 1st Advantage. Financing must be done online at, through the 1st Advantage call center or at a 1st Advantage branch. Loans financed with 1st Advantage through a dealership are not applicable. Minimum loan amount must be over $25,000 to qualify for this offer. Only one incentive paid per loan and funds will be credited to the primary applicant’s savings account between 60-90 days of loan funding date.

All loan and deposit accounts must be in good standing to receive incentive. Existing 1st Advantage loans are not eligible for this offer. No payments for 90 days on approved and funded loans, restrictions apply. Offer available for a limited time.