Auto
Loans

Competitive Rates & Flexible Terms

An Honor Credit Union auto loan gives you the freedom to explore. 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.

Rates As Low As

4.99% APR*

Fast Online
Application

Terms Up To
96 Months

No Pre-Payment
Penalties

Apply Now
View Current Rates
Search For a Vehicle

Auto Refinance Special

Refinance an existing auto loan and receive

up to $300 CASH BACK*

  • Refinance an auto loan held elsewhere and receive 1% cash back up to $300!
  • You have the option to make no payments for 90 days!
  • Apply online from the comfort of home 24/7
Apply Now
View Rates

*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. Auto loans currently held at Honor Credit Union not eligible. 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 Refinance Special

Refinance an existing auto loan and receive

up to $300 CASH BACK*

  • Refinance an auto loan held elsewhere and receive 1% cash back up to $300!
  • You have the option to make no payments for 90 days!
  • Apply online from the comfort of home 24/7
Apply Now
View Rates

*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. Auto loans currently held at Honor Credit Union not eligible. 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. 

Auto, Light Truck, Motorcycle Rates

Term Rates as low as
Up to 48 months 4.99% APR*
49 - 60 months 5.54% APR*
61 - 75 months 5.99% APR*
76 - 84 months 6.99% APR*
85 - 96 months 7.89% APR*
Rates accurate as of Nov 30, 2022
*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. Your rate may be higher depending on your credit history, loan purpose, amount, term, mileage, vehicle year, and other underwriting factors. 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 Example: $30,000 at 5.54% APR* for 60 months equals $573.59/month.

Payment Calculator

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

Calculate Payment

Early Payoff Calculator

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

Calculate Payoff

Find a Dealership

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. Below, you can click to search all Michigan & Indiana dealership partner listings to shop by new or used, make, model, year, etc., or you can browse by Michigan or Indiana city if you’re looking to stay closer to home.

outline of the state of michigan
outline of the state of indiana
Find a Dealership

Search For a Vehicle

Search our Michigan & Indiana dealership partner listings by make, model, year, etc.

Search Now

Browse By City

If you’re looking for a dealership in a specific area of Michigan or Indiana, you can browse by city below.

Elkhart

Fort Wayne

Hammond

Highland

Mishawaka

Albion

Allegan

Ann Arbor

Battle Creek

Benton Harbor

Big Rapids

Birch Run

Bridgman

Brighton

Brownstown

Cadillac

Caledonia

Cedar Springs

Cement City

Chelsea

Chesaning

Clarkston

Clio

Coldwater

Coloma

Comstock Park

Coopersville

Davison

Dearborn

Dimondale

Dowagiac

Escanaba

Fenton

Flushing

Fruitport

Galesburg

Grand Haven

Grand Rapids

Grandville

Greenville

Highland

Hillsdale

Holland

Houghton

Ride North

Hudsonville

Ironwood

Ishpeming

Kalamazoo

Kentwood

Lansing

Lapeer

Linwood

Livonia

Lowell

Ludington

Marquette

Marshall

Mattawan

Michigan Center

Mt. Clemens

Mt. Pleasant

Muskegon

Negaunee

Niles

Novi

Otsego

Paw Paw

Perry

Plainwell

Portage

Richland

Rockford

Saginaw

Saline

Sandusky

Schoolcraft

South Haven

Stevensville

Sturgis

Three Oaks

Three Rivers

Traverse City

Vicksburg

Walled Lake

Wayland

Westland

Wixom

Woodhaven

Wyoming

Ypsilanti

Auto Lease Buyout

If you are currently leasing a vehicle and want to keep it, you have the option to buy out the lease. We can help make it happen, and assist you every step of the way. With competitive low rates, flexible terms, and an easy online application, you can be the permanent owner of your vehicle!

What To Know

  • Know how to terminate the lease, including buyout details
  • Be aware of the residual value (known as the buyout amount)
  • You won't be charged extra for excessive vehicle wear and tear if buying out the lease
  • We encourage you to get pre-approved prior to starting the buyout process
Learn More
woman smiling while driving a car

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 make it as easy as possible to take advantage of our First-Time Auto Buyer program.* You have the option to stop by any local member center, or you can get started online 24/7 when it’s convenient for you. We’ll work to get you pre-approved, so you can focus on car shopping and getting in the driver’s seat of your first car or truck!

Get Started

*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.

LEARN MORE

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.

Learn More

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!

Learn More

Auto Buying Tips

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!

Yes! You have the option to buy out the lease on the vehicle you are currently leasing. We can help you make it happen. For all of the details and to learn how to get started, click here.

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.