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 Starting
As Low As 4.14% APR

Fast Online
Pre-Approval Process

Flexible Loan Terms
Up To 96 Months

Pay Faster With No
Pre-Payment Penalties

auto Loan Rates

We offer competitive rates on all of our loans. Take a look below to see the lowest rates we offer.

Autos, Light Trucks & Road CyclesEffective Date:
Term rates as low as*
Up to 48 months 4.14%
49 - 60 months 4.14%
61 - 75 months 4.69%
76 - 84 months 5.19%
85 - 96 months 6.14%
Payment Example: $20,000 at 4.14% APR for 60 months equals $369.63.
*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.

Auto Loan Calculators

We don’t want there to be any surprises when you’re ready to purchase a new or used vehicle. This calculator 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. You can also view a report to see how your down payment and loan term affects your payment amount.

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 can save by increasing your monthly payment.

Find a Dealership

Save time when you’re shopping by going straight to one of our dealership partners! Your loan will still be serviced and accessible through Honor Credit Union at any of our member center locations, but your loan can be started and finished all in one place, the dealer you purchase from!

outline of the state of michigan

Michigan Dealerships

Browse dozens of dealerships across Michigan to find one close to you.

outline of the state of indiana

Indiana Dealerships

We partner with a handful of dealerships in the Northern Indiana area.

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. 

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 CarQuotes.com 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! 

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.

Skip-A-Payment

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!

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.

AUTO LOAN FAQs

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.