Used Auto Loans

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Auto Loan Rates as low as:

4.45%

APR

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Used Auto Loans

Whether you’re shopping for a car, truck, SUV, van, or crossover, Focus Federal Credit Union can help put you in the fast lane with used auto loans featuring flexible terms and competitive rates. You’ll have access to an experienced lending team to answer questions and guide you through the loan process. 

FFCU’s low-rate auto loans for both new and used vehicles feature:

  • Fixed interest rates
  • Extended terms
  • Dealership onsite financing
  • Refinancing option

With FFCU, you never have to worry about whether you’re getting the best rate or working with a lender you can trust. If you’re searching for used auto loans in OKC, an FFCU membership is worth considering because we work for our members, not a group of trustees.

Flexible Terms

Competitive Rates

Easy Online Application

Benefits of a Used Auto Loan

One of the first decisions you’ll make when shopping for a car is whether to buy a new or used one. Buying a used car can save you big bucks.

Used vehicles offer:

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Lowers Upfront Costs

Purchasing a car that’s a few years old could help you save thousands, especially if you have your heart set on a particular model.

Depreciation Advantage

Cars lose value with each passing month and mile. Used vehicles depreciate slower, while a new car can lose up to 20% of its value within the first year. 

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Lower Insurance

Your vehicle’s value is integral to determining your insurance cost. Insurance costs tend to be lower on used cars because a used car has less value than a newer version.

Qualifying for an Auto Loan

The paperwork required for a used auto loan will depend on your situation. You can expect to provide complete documentation verifying your financial and employment status. Below are other documents you may need.

Documents Need for Mortgage Loans in OKC

Income Verification
  • W-2 Forms
  • Pay Stubs
  • Income Tax Returns
  • Pension and/or Social Security Documents
  • Alimony and/or Child Support Documents

Asset Verification
  • Bank Statements
  • Retirement and Investment Account Balances

Debt Disclosures
  • Other Auto Loans
  • Student Loans
  • Credit Card Debt
  • Existing Mortgage

Credit History
  • Permission to Check Credit
  • Bankruptcy and Foreclosure Records

Employment Confirmation
  • Name and Contact Information of Employer

Vehicle Information
  • Make, Model, and Purchase Price

Used Auto Loan Process

Knowing the average car loan interest rate and creating a budget is helpful when you’re getting ready to finance a vehicle. Rates and fees vary widely. A pre-approval can help you shop for cars in your price range and provide an estimate of your interest rate and APR.

Calculate expenses involved in purchasing a vehicle, including:

  • Purchase price
  • Warranties
  • Taxes 
  • Title transfer fee
  • Gas and maintenance 
  • Insurance
  • Registration fee

The auto loan interest rate you receive is based on factors including:

  • Credit Score: A high credit score will give you more options and access to a lower interest rate. 
  • Down Payment: The more you put down for your vehicle, the lower your monthly payment. 
  • Term of Loan: While a longer loan term lowers the monthly payments, the interest rate is often higher. Paying off the vehicle as quickly as possible is ideal to reduce the overall cost.

Benefits of Choosing Focus Federal Credit Union

Buying a used vehicle can be intimidating. But with the right knowledge and preparation, you can find the perfect one. Take your time, do your research, and enjoy the process. 

Consider getting pre-approved. It will help you set a realistic budget and ensure your car payment fits your budget. Applying for a used auto loan at Focus Federal Credit Union is simple, quick, and easy. 

Apply today

As a TFFCU member, you can take advantage of:

  • Competitive Interest Rates and Loan Terms. FFCU reinvests in our members, so you can access loans more readily than with other types of lenders. 
  • Dedicated Customer Support. Our local team is here to work with you if you have less-than-perfect credit or a more complex situation. 
  • Financial Education. Take advantage of financial literacy seminars and services.

Frequently Asked Questions

In most cases, you can refinance your car loan anytime. It could make sense if your credit has improved or interest rates have decreased since you received your original loan. Comparing refinance offers with your current used auto loan can help you decide. 

You can get pre-approved for a loan by completing some paperwork with Focus Federal Credit Union before you start car shopping. Getting pre-approved helps you set a realistic budget because it lets you know how much you can borrow and at what interest rate. Getting pre-approval shows the dealership you’re ready to buy and can sometimes give you the upper hand in negotiating prices. 

You repay your auto loan by making a monthly payment with interest to Focus Federal Credit Union. You can set this payment up to auto-draft from your FFCU account, so you never have to think about it or worry about being late. 

Though you might need a car loan to buy a vehicle, there’s always the chance you’ll want to pay your loan off early. You can do this by making extra payments or larger monthly payments. Watch for a prepayment penalty, a fee for paying a loan off before the term ends. 

When you take out a used auto loan, you expect to pay interest, but other costs may be less obvious. Look out for costs, including taxes, fees, and prepayment penalties.

Vehicle Loans 66 months or less

as low as

4.70% – 18% APR

Vehicle Loans 67 thru 78 months

as low as

5.20% – 18% APR

Vehicle Loans 79 thru 90 months

as low as

5.70% – 18% APR

Vehicle Loans 91 thru 120 months

as low as

7.70% – 18% APR

*Interest rates (APR = Annual Percentage Rate) determined by credit score. Normal credit union underwriting, terms and conditions apply. Rates subject to change.

Rate effective as of September 1, 2026

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Get your new car today

Focus Federal Credit Union offers the best in vehicle financing.

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