Auto Loans

 auto loan

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 below or at a branch of The Summit. 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 June 16 through June 30, 2024

Type
Term
Fixed APR2 w/ Auto Payment3
Payment per $1,000
Fixed APR2 w/Billing
Payment per $1,000
New Auto
36
5.95%
$30.40
6.20%
$30.51
New Auto
48
6.40%
$23.67
6.65%
$23.78
New Auto
60
6.50%
$19.57
6.75%
$19.68
New Auto
72
6.75%
$16.93
7.00%
$17.05
New Auto
844
7.45%
$15.31
7.70%
$15.44
Used Auto (2016 & newer)
36
6.30%
$30.56
6.55%
$30.67
Used Auto (2018 & newer)
48
6.50%
$23.71
6.75%
$23.83
Used Auto (2019 & newer)
60
6.65%
$19.64
6.90%
$19.75
Used Auto (2020 & newer)
72
7.15%
$17.12
7.40%
$17.24
Used Auto (2022 & newer)
844
7.70%
$15.44
7.95%
$15.56

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


Paying your auto loan is easy at The Summit!

  • laptop

    Online Transfers

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

  • EZ loan pay

    EZ Loan Pay

    With The Summit’s EZ Loan Pay, you can make a one-time payment to your loan at The Summit from another financial institution. Use EZ Loan Pay online or make a payment over the phone5.

  • ACH loan payment

    ACH Loan Payment

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

  • branch

    Pay In Branch

    Schedule a Video Appointment with our Virtual Branch or visit any Summit branch location to make your payment in person with a check, cash or other form of payment.

View all Auto Loan payment options.

Refinance your Auto Loan

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.

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) 453-7000 or (800) 836-7328 or Schedule a Video Appointment.


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.

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

2. APR varies depending on your credit history.

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

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

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