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| Tax-Advantage Auto Loan
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As a homeowner, take advantage of our tax-advantage vehicle loan.
If you’re a homeowner in Illinois and looking to finance a vehicle, you can combine MECU’s competitive rates with potential tax savings (consult your tax advisor as to the deductibility of interest). The application process is simpler than a typical home equity loan and no appraisal is required. - Potentially tax-deductible interest (consult your tax advisor)
- Competitive interest rates to help you save more money on financing
- Up to 100% financing for new and used vehicle purchases or refinancing your current loan (includes motorcycles, boats/vessels and recreational vehicles)
- Flexible repayment terms between 24 to 72 months for auto loans (72-month term applies to current model years only)
- Complete vehicle protection packages to protect your asset and your credit rating
- Optional payment protection to protect you and your family
- Easy repayment with automatic transfers from your MECU checking or savings account
- Convenient online access to check your loan balance, history and to make payments
- Receive ½% rate discount if you’re an express advantage member
If you have a vehicle loan elsewhere, MECU may be able to refinance your loan at a better rate to save you money. Plus, we can help you with each step of the auto buying process:
 Apply for a loan
 What it costs
List of all MECU fees
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up to 24 months vehicle loans as low as |
3.24%
APR |
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up to 36 months vehicle loans as low as |
3.49%
APR |
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up to 48 months vehicle loans as low as |
3.74%
APR |
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up to 60 months vehicle loans as low as |
3.99%
APR |
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72 months vehicle loans as low as |
4.24%
APR |
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| › See our rates and disclosures |
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