Auto Loans

Get Behind the Wheel Faster with an Auto Loan from The Summit

Drive home in a new or used car with a low-interest auto loan, flexible terms and monthly payments that fit your budget. Or take advantage of our low rates to refinance1 a higher-interest auto loan, lower your payments and save a bundle.

Pick the option that’s right for you:

Summit Expresssm Auto Loan
Get a Summit Express Auto Loan right at the dealer. Simply visit one of over 300 participating area dealerships, find the vehicle you want, check current rates and apply. Be sure to say you want The Summit Express Auto Loan.

Standard Summit Auto Loan
Purchasing a car from a non-participating dealer or third party? No problem. Just apply for a standard Summit Auto Loan online or at a Summit branch. Once you’re approved, pick up your check from your preferred branch and take it to the dealership.

Calculate Savings Apply Now

Auto Loan Rates

Rates effective December 1 through December 15, 2020

Type
Term
Fixed APR* w/ Auto Payment**
Payment per $1,000
Fixed APR* w/Billing
Payment per $1,000
New Car
36
2.95%
$29.06
3.20%
$29.17
New Car
48
3.20%
$22.22
3.45%
$22.33
New Car
60
3.45%
$18.17
3.70%
$18.28
New Car
72
3.60%
$15.46
3.85%
$15.58
New Auto
84***
4.65%
$13.97
4.90%
$14.09
Used Car (2012 & newer)
36
3.20%
$29.17
3.45%
$29.28
Used Car (2014 & newer)
48
3.45%
$22.33
3.70%
$22.45
Used Car (2015 & newer)
60
3.65%
$18.26
3.90%
$18.37
Used Car (2016 & newer)
72
3.95%
$15.62
4.20%
$15.74
Used Auto (2018 & newer)
84***
4.95%
$14.11
5.20%
$14.23

Paying your loan is easy at The Summit!

  • Online Transfers

    Online Transfers

    Transfer funds from your Summit accounts to pay your loan through Online Access. Not signed for Online Access yet? Learn more.

  • EZ Loan Pay

    EZ Loan Pay

    With The Summit’s new EZ Loan Pay, you can easily make a one-time payment to your Summit loan from another financial institution. Use EZ Loan Pay online, or make a payment over the phone2.

  • ACH Loan Payment

    ACH Loan Payment

    Eliminate the hassle of check writing when you sign up for the automatic electronic payment to your Summit loan. Your payment amount can be deducted from any deposit account at another financial institution.

  • In Branch

    In Branch

    Visit a Summit branch to make your payment in person with a check, cash or other form of payment.

View all Auto Loan payment options.

Same car, smaller payment

Refinance Your Auto Loan with The Summit Federal Credit Union

The Summit is giving you new incredible rates so you can refinance your auto loan and lower your monthly payment.

View our current Loan Rate Sheet for a full list of rates.

Ask us how you can save even more by having your loan payments automatically deducted from your Summit account each month. Contact us with questions at (585) 453-7030 or (800) 836-SFCU extension 7030 or via email.


All loans are subject to credit approval. Must be 18 years of age or older to apply. The Summit’s loan programs, rates, terms, and conditions are subject to change without notice. 100% financing available on car loans.

The rates shown are the best rates available.

If refinancing a Summit Auto Loan, you must increase the outstanding loan balance by at least $1,000.

*Annual Percentage Rate (APR) varies depending on your credit history.

**The automatic payment rate is only available when you authorize The Summit to automatically deduct payments from your Automatic Loan Payment Share account. To receive the automatic payment rate, the payment transfer must be from your Checking Account or Automatic Loan Payment Share account.

***A Paper Only.Minimum Dollar Amount is $20,000.

2. Use EZ Loan Pay online for just $1, or make a payment over the phone for $10.00

Not responsible for typographic errors.