Auto
Loans
Competitive Rates & Flexible Terms
An Honor Credit Union auto loan gives you the freedom to explore. Whether you’re looking to cruise around the lake, take the whole family on a RV road trip, or just get from point A to point B, we can get you there with flexible terms and competitive rates.
Rates As Low As
6.49% APR*
Fast Online
Application
Terms Up To
96 Months
No Pre-Payment
Penalties
Auto Loan Rates
We don’t want there to be any surprises when you’re ready to purchase a new or used vehicle. We offer competitive low rates on all of our loans. Our calculators will help you determine just how much car or truck you can afford. Once you enter a few details you can see what your monthly payment might be, or how much you save by increasing your monthly payment.
Auto, Light Truck, Motorcycle Rates
| Term | Rates as low as |
|---|---|
| Up to 48 months | 6.49% APR* |
| 49 - 60 months | 7.04% APR* |
| 61 - 75 months | 7.49% APR* |
| 76 - 84 months | 8.49% APR* |
| 85 - 96 months | 9.39% APR* |
| Rates accurate as of Dec 21, 2024 | |
| *APR = Annual Percentage Rate. Advertised stated rates reflect 0.25% APR* rate discount for borrowers with credit score of 750+ at time of loan application. Your rate may be higher depending on your credit history, loan purpose, amount, term, mileage, vehicle year, and other underwriting factors. 61-75 month financing requires a minimum loan amount of $10,000.00. 76-84 month financing requires a minimum loan amount of $20,000. 85 - 96 month financing requires a minimum loan amount of $30,000.00.
Payment Example: $30,000 at 7.04% APR* for 60 months equals $594.60/month. |
|
Payment Calculator
Use this calculator to determine your monthly loan payment, or get an estimate of your total purchase price.
Early Payoff Calculator
Use this calculator to determine how much interest you could save by increasing your monthly payment.
Find a Dealership
Save time when you’re shopping by going straight to one of our dealership partners. Your loan will be serviced and accessible through Honor Credit Union, but you can start and finish the application process at the dealership. Below, you can click to search all Michigan & Indiana dealership partner listings to shop by new or used, make, model, year, etc., or you can browse by Michigan or Indiana city if you’re looking to stay closer to home.
Search For a Vehicle
Search our Michigan & Indiana dealership partner listings by make, model, year, etc.
Browse By City
If you’re looking for a dealership in a specific area of Michigan or Indiana, you can browse by city below.
Albion
Allegan
Ann Arbor
Battle Creek
- Auto Maxx of Battle Creek
- Battle Creek Honda
- Demaagd GMC Nissan
- Henkel Chrysler Jeep, Inc
- Heritage Chevrolet
- Lakeview Ford Lincoln Inc
- Seelye Kia Battle Creek
- Sunshine Automotive Agency Inc
Benton Harbor
Big Rapids
Birch Run
Bridgman
Brighton
Brownstown
Cadillac
Caledonia
Cedar Springs
Cement City
Chelsea
Chesaning
Clarkston
Clio
Coldwater
- Bish’s RV of Coldwater
- Bobilya Chrysler Dodge Jeep Ram
- Cole Ford
- Planet Powersports
- Rainbow Motor Sales
- Royal Chevrolet Cadillac
Coloma
Comstock Park
Coopersville
- Betten baker Chevrolet Buick Coopersville
- Betten Baker Chrysler Dodge Jeep Ram
- Betten Baker Ford of Coopersville
- Bish’s RV of Grand Rapids
- Xtreme Truck and Auto Center
Davison
Dearborn
Dimondale
Dowagiac
Escanaba
Fenton
Flushing
Fruitport
Galesburg
Grand Haven
- Preferred Chevrolet Buick GMC
- Preferred Chrysler Dodge Jeep Ram of Grand Haven
- Preferred Ford of Grand Haven
Grand Rapids
- Audi Grand Rapids
- Auto Sport
- Berger Chevrolet, Inc
- Betten Imports
- Courtesy Chrysler Jeep Dodge
- Fox Acura
- Fox Chrysler Dodge Jeep Ram
- Fox Ford Mazda
- Fox Honda
- Fox Hyundai Kia
- Fox Nissan
- Fox Subaru
- Harvey Auto Outlet
- Harvey Cadillac Company
- Harvey Lexus of Grand Rapids
- Infiniti of Grand Rapids
- Kia of Grand Rapids
- Kool Chevrolet
- Kool Toyota
- MWS Wholesale Auto Outlet
- Paris Motors Inc
- Pfeiffer Lincoln
- Porsche Grand Rapids
- Sharpe BMW
- Tom Stehouwer Auto Sales
- Terrytown RV Superstore
- Todd Wenzel Buick GMC of Grand Rapids
- Tony Betten & Sons Ford
- Toyota of Grand Rapids
- Veurinks RV Center
- Village Motorsports
- XYZ Motors
Grandville
- Betten Baker Buick Grandville
- Borgman Ford
- Motormax of Grand Rapids
- Serra Honda Grandville
- Zeigler Chrysler Dodge Grandville
Greenville
Highland
Hillsdale
Holland
- Auto Exchange of Holland
- Barber Ford
- Borgman of Holland
- Crown Central LLC
- Crown Motors II, LLC
- Crown Motors ltd
- Elhart GMC
- Elhart Kia
- Elhart Nissan, Inc
- Lakeshore Autos
- Lighthouse Auto Sales
- Motormax of Holland
- Robert DeNooyer Chevrolet
- Superior Automotive
- Van Dam Auto Sales
- Wyrick Auto Sales
Houghton
Hudsonville
- Betten Baker Buick
- Grand Rapids Harley Davidson
- HTS Auto Sales
- Parkway Auto Sales LLC
- Prince Motors
- Todd Wenzel Chevrolet Inc
Ironwood
Ishpeming
Kalamazoo
- Auto Maxx of Kalamazoo
- Bud & Doug Walters Auto Sales
- Carite of Southwest Michigan
- Cole Nissan
- D&R Sports
- DeNooyer Chevrolet
- Leaders Marine
- Maple Hill Auto Group
- Metro Toyota Jaguar
- Orrin B Hayes
- Seelye Ford
- Seelye Kia Kalamazoo
- Zeigler BMW of Kalamazoo
- Zeigler Chrysler Dodge Ram of Kalamazoo
- Zeigler Honda of Kalamazoo
- Zeigler Motorsports
Kentwood
Lansing
- Crippen Volvo Cars
- Feldman Chevrolet of Lansing
- LaFontaine Buick GMC of Lansing
- LaFontaine Chrysler Dodge Jeep Ram Fiat of Lansing
- LaFontaine Ford of Lansing
Lapeer
Linwood
Livonia
Lowell
Ludington
Marquette
- Adventure Centre
- Fox Marquette Chevrolet
- Fox Motors Marquette
- Jon’s Auto
- Marthaler Buick GMC Cadillac
- Riverside Honda Marquette
Marshall
Mattawan
Michigan Center
Mt. Clemens
Mt. Pleasant
Muskegon
- All Season RV
- Babbitt’s Sports Center
- Betten Baker Chevrolet, GMC Cadillac
- Betten Baker Honda
- Great Lakes Ford Lincoln of Muskegon
- Preferred Chrysler Dodge Jeep of Muskegon
Negaunee
Niles
Novi
Otsego
Paw Paw
Perry
Plainwell
Portage
Richland
Rockford
Saginaw
Saline
Sandusky
Schoolcraft
South Haven
- Betten Baker Chevrolet Buick GMC South Haven
- Countryside Motors
- Don Woodham Inc
- McFadden Friendly Motors
- Vanderzee Motorplex
- Walt Sicard
Stevensville
Sturgis
Three Oaks
Three Rivers
Traverse City
Vicksburg
Walled Lake
Wayland
Westland
Wixom
Woodhaven
Wyoming
Ypsilanti
Auto Lease Buyout
If you are currently leasing a vehicle and want to keep it, you have the option to buy out the lease. We can help make it happen, and assist you every step of the way. With competitive low rates, flexible terms, and an easy online application, you can be the permanent owner of your vehicle!
What To Know
- Know how to terminate the lease, including buyout details
- Be aware of the residual value (known as the buyout amount)
- You won't be charged extra for excessive vehicle wear and tear if buying out the lease
- We encourage you to get pre-approved prior to starting the buyout process
First-Time Car Buyer
We know you’re working hard to buy your first vehicle. If you have limited credit, or if you don’t have a cosigner, don’t panic because Honor Credit Union has a First-Time Car Buyer Program to help give you the opportunity of owning a vehicle of your own. We will work to get you both a manageable loan term and competitive low rate. Proof of income is required on all loans* Plus, you’ll start establishing your credit history for future purchases.
Start The Process
We want to make it as easy as possible to take advantage of our First-Time Auto Buyer program.* You have the option to stop by any local member center, or you can get started online 24/7 when it’s convenient for you. We’ll work to get you pre-approved, so you can focus on car shopping and getting in the driver’s seat of your first car or truck!
*For complete program specifications, please contact 800.442.2800 or stop into any Honor member center. Certain restrictions apply. Subject to credit approval. Insured By NCUA.
Loan Protection
When you have a loan with Honor Credit Union, not only are you receiving excellent member service and a great rate, but also the peace of mind that comes with our loan protection options.
Guaranteed Asset Protection (GAP) Insurance can help you be prepared for these things when your normal insurance policy may not completely cover what you owe. If your vehicle gets wrecked or stolen, GAP Insurance will pay the difference between what your insurance company is willing to pay and what you actually owe on the vehicle.
Depreciation Protection (DPW) is similar to GAP, but instead of protecting you against loan deficiency balances in the event of a total loss of your vehicle, it protects the equity you have in your vehicle. If you put a lot of money down on your vehicle when you purchased it, or you received a high value on a trade-in putting your loan amount well under the value of your vehicle, DPW protects that investment.
We have various SafetyNet packages available to protect your loan, family, collateral, and credit rating against the possibility you may no longer be able to pay it. In that unfortunate situation, you would have enough to focus on, so let SafetyNet help. If you choose to take advantage of SafetyNet, the fee for this program will be included in your monthly payments.
Mechanical Breakdown Protection (MBP) offers nationwide protections, 24-hour roadside assistance, rental vehicle assistance, trip interruption coverage, and so much more, so that if your car breaks down your life doesn’t have to break down, too. Plus it’s all transferable in case you sell your vehicle before the agreement expires.
What You Need To Know About Depreciation Protection Waiver
Learn what Depreciation Protection Waiver (DPW) is and how it can help you if your vehicle is totaled or stolen.
What Is SafetyNet & Who Needs It?
Learn how SafetyNet can protect you in the event of illness, injury, death, or involuntary unemployment.
What To Know About Mechanical Breakdown Protection
With Mechanical Breakdown Protection you get 24/7 roadside assistance, rental car assistance, and much more!
What Is Guaranteed Asset Protection (GAP) & Who Needs It?
Learn how GAP insurance coverage can protect you from paying more than your vehicle is worth in the event of a crash or theft.
Payment Assistance
We know that life take can take unexpected turns you just can’t budget for, from employment changes to medical emergencies. We want to be by your side throughout your journey, good or bad, so we have several payment assistance options to help you when times get tough.
Skip-A-Payment
Holiday shopping, unexpected life events, and other personal situations can leave your account balance a little short when it’s time to make a loan payment. Our Skip-A-Pay program helps you navigate those times.
Financial Planning
Our financial wellness partner at GreenPath Financial will work with you on-on-one to evaluate your situation, put a budget in place, establish a payment plan, and help you get back to achieving your financial goals!
Auto Buying Tips
Auto Lease Buyout: How It Can Work For You
Learn what an auto lease buyout is, how it works, the benefits of it, and whether it might make sense for you to buy your vehicle lease out.
What You Need To Know About Depreciation Protection Waiver
Learn what Depreciation Protection Waiver (DPW) is and how it can help you if your vehicle is totaled or stolen.
5 Reasons To Refinance Your Auto Loan
Learn some reasons why it might be right to refinance your auto loan, from lower interest rates, lower payments, and shorter loan terms.
When Is The Best Time To Buy A Car?
It’s a great feeling when you are handed the keys to your new vehicle. You’ve saved money, done your research,
Auto Loan FAQs
Anyone can apply! Approval is not guaranteed, but all applications are reviewed by our team.
Nothing! We do not charge any application fees.
Yes! Honor can finance a vehicle purchase in all 50 states as long as you qualify for membership with us.
If you’re interested in purchasing a recreational vehicle, chances are we can finance it, whether it’s new or used. Here are just a few examples:
- Boat
- Jet ski
- Personal watercraft
- Motorcycle
- ATV
- Golf cart
- Snowmobile
- Motorhome
- Camper trailer
- Horse trailer
Not sure if Honor can finance the recreational vehicle you want to buy? Simply give us a call or shoot us a message and we can help!
Yes! You have the option to buy out the lease on the vehicle you are currently leasing. We can help you make it happen. For all of the details and to learn how to get started, click here.
No. We will try to help you finance nearly any type of vehicle!
Yes. Insurance is required on all types of vehicles and equipment financed by Honor.
No! There are no prepayment fees or consequences.
