Auto Loans

Advantage FCU offers you great low rates and flexible terms when you are looking to purchase your new car. But did you know, you could also refinance and be eligible for the same low rate?

Shopping is easier when you know what you can afford right up front!
If you are in the market for a new car, get pre-approved for a quicker turnaround.

Car Loan as of December 3, 2021
Model Year TermTerm APR as low as*Est. Payment/$1,000
2020 & NewerUp to 60 Months 1.97%$17.69
Up to 72 Months2.47%$15.18
Up to 84 Months3.47%$13.74
2018 to 2019Up to 60 Months 1.97%$17.69
Up to 72 Months2.47%$15.18
2015 to 2017Up to 60 Months1.97%$17.69
Up to 72 Months2.47%$15.18
2014 and OlderUp to 60 Months1.97%$17.69

Credit Life & Disability

Credit insurance can help make your loan payments when you can’t.

Payment Protection or
Credit Life and Disability Insurance

Payment Protection or Credit Life and Disability Insurance covers you in the event of death or disability. If you choose one or both of these insurance options, the premiums will be included in your monthly payment. Payment protection is available on most of our loan products to qualified borrowers.

GAP Protection

Guaranteed Asset Protection (GAP) may waive the difference between what the insurance company paid and the loan amount.

Guaranteed Asset Protection (GAP)

GAP covers your loan in the event that your vehicle is totaled or stolen during your loan term. Your insurance company will pay the market value for the vehicle at the time of loss. If you did not have a large down payment when you financed your car, chances are that this amount will not be enough to pay off your loan.

GAP covers the difference up to 125% of market value. We recommend GAP
coverage whenever the amount that you are financing is 85% or more of the value of your vehicle.

GAP is very inexpensive and it can be added to your loan amount so that it is included in your monthly payment.


Avoid costly repairs or overpriced coverage with Mechanical Repair Coverage (MRC); you can create or extend a warranty for your car.

Members Choice Auto Care

Members Choice Auto Care is a mechanical repair coverage that supplements a manufacturer’s warranty. This is typically priced at 40% less than similar plans at car dealers. In addition to cost savings, many of our members have enjoyed other benefits Members Choice Auto Care has over competing plans including:

  • 24 Hour Roadside Assistance
  • Add on mileage (a 60,000 mile plan is 60,000 miles in addition to the existing mileage).
  • Coverage is valid at any authorized repair facility in the U.S. or Canada, not just dealers.

You can get a quote for Members Choice Auto Care from any one of our Member Service Representatives. In most cases- this can be added to your loan and included in your monthly payment. For details on the coverage click Learn More.

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  • Enterprise Car Sales

    Looking to buy a 1 – 3 year-old vehicle? Look to Enterprise Car Sales.

    We’ve partnered with Enterprise Car Sales to offer you recent model vehicles that have been meticulously cared for and rigorously inspected so we can feel confident they’ll sell you a car you’ll love – and will drive for many years to come.

    Start shopping now and don’t forget to get a pre-approval from Advantage FCU!
    Stop by Enterprise today at 4161 W. Henrietta Road, call 585.321.3777.

  • MRC Powered by ForeverCar

    As vehicles get older and miles add up, the likelihood for repairs increases. Mechanical Repair Coverage can help you limit out-of-pocket, costs for covered breakdowns.

    To research, compare and buy Mechanical Repair Coverage, visit or call 866.908.8694, where you can take advantage of:

    • Convenience – easy-to-use, 24/7 online shopping experience
    • Customer service – expert service through a dedicated call center
    • Monthly payments – through a convenient monthly payment plan that fits your budget

Car Related Forms


*All loans subject to underwriting, including verification of value of acceptable collateral. Vehicles for commercial use will not be accepted.

*Payment estimates include principal and interest only. Rates and loan terms are determined based on applicants past credit history. Annual Percentage Rates (APR) will vary from 1.97% APR to 12.97% APR. Financing available to qualified borrowers. Terms and conditions subject to credit union approval. Rates do not apply to refinance of an existing loan with Advantage Federal Credit Union. Rates subject to change without notice. Proceeds for auto purchase transactions will only be payable to the sellers of vehicles. Proceeds for auto refinance transactions will be payable to the creditor currently holding the lien with a balance owed for the amount of that lender’s written payoff per Advantage terms and conditions. Membership subject to eligibility. Auto loan applicants (at least one for joint applications) must have a valid driver’s license. Advantage does not lend in all U.S. locations. Please inquire with our staff before applying if your vehicle will be titled outside of New York State. Other terms available. Limited time offer.