Rates as low as
6.49% APR*

Embark on the journey towards your dream car with a stress-free auto loan!


Apply NowView RatesFinancial Tools

The Benefits of Financing Your Auto Loan with a Somerville Credit Union

When it comes to financing your next vehicle purchase, you have several options available, including banks, dealerships, online lenders and credit unions. While each has its advantages, financing your auto loan through a credit union offers unique benefits that can save you money and provide a more personalized experience. Let’s explore some of the advantages of choosing a credit union for your car financing needs.

Lower Interest Rates

One of the most significant advantages of credit union financing is typically lower interest rates compared to banks and dealerships. Somerville Credit Union not-for-profit organizations owned by their members, which allows us to offer competitive rates and pass on savings to you. Lower interest rates mean lower monthly payments and less interest paid over the life of the loan, ultimately saving you money.

Personalized Service

We are Somerville Credit Union are known for our personalized service and member-focused approach. Unlike large banks or dealerships, we take the time to understand your financial situation and offer tailored solutions that meet your needs. You can work directly with a loan officer who can guide you through the application process, answer your questions, and provide valuable advice.

Member Benefits

As a member of our credit union, you may qualify for additional benefits beyond competitive interest rates. These benefits can include discounted loan rates, flexible repayment options, and special promotions for members. Our staff prioritizes member satisfaction and strive to offer perks that enhance your overall banking experience.

Community Involvement

Somerville CU is deeply rooted in our community, serving our members since 1941. By choosing us credit union for your auto loan, you’re contributing to community development and supporting programs that benefit local residents. It’s a way to invest in your community while also fulfilling your financial needs.

Transparent Terms and Fees

Our fees are transparent. Unlike some banks or dealerships that may have hidden fees or complex loan agreements, our credit union is upfront about terms, fees, and charges. This transparency allows you to make informed decisions and avoid surprises during the loan process.

* APR – Annual Percentage Rate. Rate subject to change at any time without notice. All loans are subject to credit approval. Membership eligibility required. Borrow $30,000 at 6.49% for 5 Years, pay $19.56 per $1,000 borrowed. Rate and maximum LTV are based on credit score criteria.