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Sandia Area Go to main content

Auto Loans


What is better banking?

Better banking is a not-for-profit financial cooperative that operates with our members best interest in mind. Get the same great products and services banks offer, but with fewer fees, higher returns on deposits, and better loan rates. Like, better rates on your vehicle loans! Finance you next vehicle with Sandia Area.

Love your car, but have your loan through another institution? Refinance to Sandia Area and enjoy better banking.


 

Your new car is waiting

Financing a new or used car is made simple with a vehicle loan from Sandia Area. Easy application process, and quick approvals. Get pre-qualified before you shop!

 

          Apply for a vehicle loan Now 


New and Used Auto Loans
Effective Date: 06/26/2019 for vehicle model years 2015-2020
Term in MonthsAPR1 as low as
1-36 2.99%
37-48 3.64%
49-66 3.74%
67-75 3.89%
76-84 4.39%

Sandia Area membership required for all loans. Other rates, terms and model years available.

1. APR=Annual Percentage Rate effective as of 06/26/2019. Rates are subject to change at any time without notice. All loans, terms, and conditions are subject to credit approval. “As low as” rate assumes excellent credit history. Not all applicants will qualify for the lowest rate. Actual interest rate charged is based on credit history, age of the vehicle and terms of the loan, which can only be determined upon receipt of application. All consumer loans are charged simple interest with no pre-payment penalty. Up to 100% financing available for qualified applicants. 2. Payment example based on $28,000 loan and maximum term.

 

Refinance your auto and enjoy Better Banking

Is your vehicle financed elsewhere? Move your auto loan to Sandia Area for low rates that could help save money. Plus, there's no refinance charge.

  • Option of no payments for 90 days1- think of all the ways you could spend the extra cash!
  • Skip up to 2 payments a year2 - with the option to skip a payment every summer and winter, you'll free up some room in your budget for your suimmer vacation and the holidays!
  • Get a $50 gas card when the loan closes3.

Refinance Now ►


Auto Refinance
Effective Date: 06/26/2019 for vehicle model years 2015-2020
Term in MonthsAPR1 as low as
1-36 2.99%
37-48 3.19%
49-66 3.39%
67-75 3.69%
76-84 3.99%

Sandia Area membership required for all loans. Other rates, terms and model years available.

1. APR=Annual Percentage Rate effective as of 06/26/2019. Rates are subject to change at any time without notice. All loans, terms, and conditions are subject to credit approval. “As low as” rate assumes excellent credit history. Not all applicants will qualify for the lowest rate. Actual interest rate charged is based on credit history, age of the vehicle and terms of the loan, which can only be determined upon receipt of application. All consumer loans are charged simple interest with no pre-payment penalty. Up to 100% financing available for qualified applicants. 2. Payment example based on $28,000 loan and maximum term.


More terms and rates available. 1. Interest accrues during deferral period. 2. Loans where fewer than three payments have been made are NOT eligible for the Skip-A-Payment Program. If approved, your regular monthly payments will resume immediately following the month. Loan(s) must be current at time of Skip-A-Payment. This request does not change your legal obligation to the Credit Union. Your agreement with the Credit Union provides for regular monthly payments and the Credit Union is merely informally permitting you to defer payment for the month indicated. Interest will continue to accrue on the unpaid balances during the month you skip your payment. There is a $30 processing fee that will be applied to the principal loan balance for all Skip-A-Payment requests. The effect of this $30 processing fee will be to increase the Annual Percentage Rate (APR) and finance charges on the balance of your loan. The effective Annual Percentage Rate (APR) and the corresponding finance charge will be disclosed on your periodic statement. 3. $50 gas card upon closing for loans $5,000 or more.

 

Calculate Your Loan Payment

Whether you are looking to purchase or refinance, you can get your estimated new loan payment here.

 

InternetActive Calculators™
Car Loan Calculator
Cost of Vehicle:
Down Payment:
Vehicle Trade-In Value (if any):
Interest Rate:
Number of Months:
Additional Principal Per Month:
Calculate Payment Only
Calculate Payment and Display Amortization Schedule

 

 

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