|Loan Type||APR||Payment Schedule||Monthly Payment
Per $1,000 Borrowed
|2018 & Newer||2.29% - 14.44%||up to 60 months||$17.68 - $23.64|
|2.69% - 15.09%||up to 72 months||$15.08 - $21.32|
|2.94% - 5.99%||up to 84 months||$13.21 - $14.64|
|2014 — 2017||2.59% - 14.74%||up to 60 months||$17.81 - $23.80|
|2.99% - 15.39%||up to 72 months||$15.21 - $21.49|
|3.24% - 6.29%||up to 84 months||$13.34 - $14.79|
|2013 and Older||3.79% - 15.94%||up to 72 months||$15.58 - $21.80|
* APR = Annual Percentage Rate. Actual rates depend on member credit qualifications, including term of the loan, age of the vehicle, credit, and employment history.
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!
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.
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:
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.
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.
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.