Auto Loans

Freedom At Your Fingertips

Vehicles are a source of freedom that have deep roots in the state of Michigan. We want to help you achieve that freedom by offering you a variety of recreational vehicle and auto loans. Whether you’re looking to cruise around the lake, take the whole family on a RV road trip, or just get from point A to point B, we can get you there with flexible terms and competitive rates.

Competitive Rates As Low As 3.04% APR*

Fast Online
Pre-Approval Process

Flexible Loan Terms
Up To 96 Months

Pay Faster With No Pre-Payment Penalties

Special Refinance Offer!

Up To $300 Cash Back*

90 Days No Payments*

Members and non-members can refinance an auto loan held at another financial institution and receive 1.00% cash back up to $300 cash back.* PLUS, you can make no payments for 90 days!*

image of two stick figures on a blue background with text promoting an auto loan refinance special offer from honor credit union

Cash Back Offer: 1.00% cash back is calculated based on the final total funded loan amount, excluding any ancillary products, with a maximum payout of $300.00. Minimum loan amount required to earn cash back bonus is $5,000.00. Cash back bonus will be paid out upon execution of final loan agreement. Deferred Payment Offer: Interest will accrue during 90-day deferment period. First payment must be made beginning in the 4th month, on the due date disclosed in the loan agreement. New auto purchases excluded, refinances only. Current loans held here at Honor ineligible. Offer subject to change without notice. This is a gift, please consult your tax advisor. Not valid with any other offer. Certain restrictions apply. Subject to credit approval. Limited time offer. Insured By NCUA.

auto Loan Rates

We don’t want there to be any surprises when you’re ready to purchase a new or used vehicle. We offer competitive low rates on all of our loans. Our calculators will help you determine just how much car or truck you can afford. Once you enter a few details you can see what your monthly payment might be, or how much you save by increasing your monthly payment. 

Autos, Light Trucks & Road CyclesEffective Date: Oct 26, 2020
Termrates as low as
Up to 48 months3.04% APR*
49 - 60 months3.24% APR*
61 - 75 months3.54% APR*
76 - 84 months4.54% APR*
85 - 96 months5.89% APR*
Payment Example: $20,000 at 3.24% APR* for 60 months equals $333.31. *APR = Annual Percentage Rate. Advertised stated rates reflect 0.25% APR* rate discount for borrowers with credit score of 750+ at time of loan application. 61-75 month financing requires a minimum loan amount of $10,000.00. 76-84 month financing requires a minimum loan amount of $20,000. 85 - 96 month financing requires a minimum loan amount of $30,000.00.

Payment Calculator

Use this calculator to determine your monthly loan payment, or get an estimate of your total purchase price.

Early Payoff Calculator

Use this calculator to determine how much interest you could save by increasing your monthly payment.

Find a Dealership

outline of the state of michigan
outline of the state of indiana

Save time when you’re shopping by going straight to one of our dealership partners. Your loan will be serviced and accessible through Honor Credit Union, but you can start and finish the application process at the dealership. Enter a zip code below to find one of our dealership partners near you!

First-Time Car Buyer

We know you’re working hard to buy your first vehicle. If you have limited credit, or if you don’t have a cosigner, don’t panic because Honor Credit Union has a First-Time Car Buyer Program to help give you the opportunity of owning a vehicle of your own. We will work to get you both a manageable loan term and competitive low rate. Proof of income is required on all loans* Plus, you’ll start establishing your credit history for future purchases. 

Teenager sitting in driver's seat of car

Start The Process

We want to work side-by-side with you on this. Stop by one of our member centers or give us a call at 800.442.2800 and let us know you’re interested in our First-Time Car Buyer Program.* We’ll work with you to see how much you can afford and get you pre-approved, so you can get behind the wheel of your first vehicle as soon as possible!

*For complete program specifications, please contact 800.442.2800 or stop into any Honor member center. Certain restrictions apply. Subject to credit approval. Insured By NCUA. 

Loan Protection

When you have a loan with Honor Credit Union, not only are you receiving excellent member service and a great rate, but also the peace of mind that comes with our loan protection options.

Guaranteed Asset Protection (GAP) Insurance can help you be prepared for these things when your normal insurance policy may not completely cover what you owe. If your vehicle gets wrecked or stolen, GAP Insurance will pay the difference between what your insurance company is willing to pay and what you actually owe on the vehicle.

Depreciation Protection (DPW) is similar to GAP, but instead of protecting you against loan deficiency balances in the event of a total loss of your vehicle, it protects the equity you have in your vehicle. If you put a lot of money down on your vehicle when you purchased it, or you received a high value on a trade-in putting your loan amount well under the value of your vehicle, DPW protects that investment.

We have various SafetyNet packages available to protect your loan, family, collateral, and credit rating against the possibility you may no longer be able to pay it. In that unfortunate situation, you would have enough to focus on, so let SafetyNet help.  If you choose to take advantage of SafetyNet, the fee for this program will be included in your monthly payments.

Mechanical Breakdown Protection (MBP) offers nationwide protections, 24-hour roadside assistance, rental vehicle assistance, trip interruption coverage, and so much more, so that if your car breaks down your life doesn’t have to break down, too. Plus it’s all transferable in case you sell your vehicle before the agreement expires.

Payment Assistance

We know that life take can take unexpected turns you just can’t budget for, from employment changes to medical emergencies. We want to be by your side throughout your journey, good or bad, so we have several payment assistance options to help you when times get tough.


Holiday shopping, unexpected life events, and other personal situations can leave your account balance a little short when it’s time to make a loan payment. Our Skip-A-Pay program helps you navigate those times.

Financial Planning

Our financial wellness partner at GreenPath Financial will work with you on-on-one to evaluate your situation, put a budget in place, establish a payment plan, and help you get back to achieving your financial goals!

Auto Buying Tips


Anyone can apply! Approval is not guaranteed, but all applications are reviewed by our team.

Nothing! We do not charge any application fees.

Yes! Honor can finance a vehicle purchase in all 50 states as long as you qualify for membership with us.

If you’re interested in purchasing a recreational vehicle, chances are we can finance it, whether it’s new or used. Here are just a few examples:

  • Boat
  • Jet ski
  • Personal watercraft
  • Motorcycle
  • ATV
  • Golf cart
  • Snowmobile
  • Motorhome
  • Camper trailer
  • Horse trailer

Not sure if Honor can finance the recreational vehicle you want to buy? Simply give us a call or shoot us a message and we can help!

No. We will try to help you finance nearly any type of vehicle!

Yes. Insurance is required on all types of vehicles and equipment financed by Honor.

No! There are no prepayment fees or consequences.

Auto Buying Guide

At Honor, we want our members to make the most sound, knowledge and cost-effective car-buying decisions each and every time. That’s why Honor Credit Union has partnered with to offer our members exclusive Know Before You Go pricing on new and used vehicles. Be sure to utilize the free tools below to get a low, upfront price before heading to the dealer! 

*APR = Annual Percentage Rate