Current Rates

Auto Loans

Rates Effective as of January 1, 2023
Loan Type APR Payment Schedule Monthly Payment
Per $1,000 Borrowed
Title-Date More Info Row Span
2019 & Newer 7.24% - 18.19% up to 60 months $19.97 - $25.68
7.44% - 18.99% up to 72 months $17.32 - $23.54
7.80% - 15.24% up to 84 months $15.54 - $19.55
2015 — 2018 7.54% - 18.49% up to 60 months $20.12 - $25.84
7.74% - 19.29% up to 72 months $17.47 - $23.72
8.14% - 15.54% up to 84 months $15.72 - $19.72
2014 and Older 8.64% - 19.84% up to 72 months $17.91 - $24.04

* APR = Annual Percentage Rate. Actual rates depend on member credit qualifications, including term of the loan, age of the vehicle, credit, and employment history.

Need a New Ride? We've Got You.

Ready to upgrade, downsize, or just add something new? We do everything we can to make buying a car as painless as possible, whether you’re looking for a new or used vehicle.

Start by getting pre-approved with an iQ car loan and then shop around for the perfect wheels. You can complete your financing at most local dealerships when you let them know you’ve been pre-approved—there’s no need to come into a branch to finish the process.

iQ Credit Union members can apply for an auto loan either at an iQ Credit Union branch, online, or right at the dealership!

Apply Now

Looking for a Better Deal? Refinance with iQ

Sometimes you still love the car but hate the payments. We can help with that too. iQ offers competitive auto loan rates, so if you have a loan somewhere else, talk to us and see if we can beat it. Refinancing your auto loan with iQ could save you money and lower your monthly payments.

Apply Now

Take Advantage of Concierge Car Shopping

We know that car shopping can be a hassle. Why not put one of our expert car shoppers to work finding the perfect car for you?

Our concierge car shopping services take the pain out of shopping for new or used cars. The process is simple:

  1. Contact one of our concierge car shopping services, and choose your car.
  2. The car will be delivered to you for inspection and a test drive.
  3. Sign the paperwork and drive away.

iQ members can choose to work with AutoMentors or Tonkin2U to get white glove treatment and a competitive car loan.

Shopping Around?

Here are some online tools to help you get started with your next car purchase:

Researching a new car: 

Researching your trade-in: 

Ready to buy? 
Contact our loan officers or get your loan at the dealership by asking for iQ financing. 

Auto Loans Frequently Asked Questions

How much car can you afford?

What to expect in the loan process?

First, get preapproved.
Call, come in, or go online to apply. Please have ready:

  • Recent paystub ready (within last 30 days)
  • Proof of insurance

Let our loan officers get to know you and what you're looking for. You'll get an answer that same day, unless it's really late in the day and then we'll get back to you early the following day
Next step: car shopping!

Once you’ve found the perfect vehicle:
If you're getting the loan at a dealership, just tell dealer you want iQ financing. You can even sign right there at the dealership. If you're buying from a private party, contact your loan officer and they will walk you through the next steps.

What is vehicle equity and how does it impact my loan?

Understanding what vehicle equity is and how it can benefit you is as simple as subtraction. The easiest way to break it down is through math, Equity = the value of your car - the amount you owe on your auto loan. For example, you have owned your vehicle for a year and it's worth $7000. You have paid down your auto loan to $3000. Your vehicle's equity = $7000 - $3000 = $4000, that simple!

When talking about financing for a new vehicle, having existing vehicle equity can come in handy. Let's say you are looking to buy a brand new car that is worth $24,000 (not including taxes, insurance, licensing fees, and any add ons). You can take that $4000 vehicle equity to a dealership to help bring down the price of a new vehicle and to finance your new auto loan. Not only can save money when walking in the door, but you could also save money in the long run through financing your auto loan.

Does iQ work with any local dealerships?

Yes if they are CUDL-affiliated. CUDL (Credit Union Direct Lending) is a service created to provide access to loans and rates that are financed by credit unions at dealerships. When you work an auto loan out with the dealership they may offer you a higher rate. If you ask to finance with iQ through CUDL you may get a much lower rate with us. You can use the money you’re saving to add all the features for a smooth ride through the Pacific Northwest.


  • * APR = Annual Percentage Rate. Actual rates depend on member credit qualifications, including term of the loan, age of the vehicle, credit, and employment history.