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Auto Loans 123
Save money with competitive rates on new and used auto loans.
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Fixed Rates as low as
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New Cars with Under 25,000 Miles 4.49% APR* |
Used Car Models Over 25,000 Miles 4.99% APR* |
Used Car Models 2018 or Older 9.49% APR* |
Benefits of Auto Loans from Mass Bay Credit Union
Competitive Interest Rates
Enjoy a fixed APR* based on your credit, term, and vehicle age with a discount for autopay.
No Payments for First 60 Days*
Payments may be deferred up to 60 days. Interest will accrue during deferral period.
Auto Refinancing is easy!
Mass Bay Credit Union wants to help you lower your car payment by refinancing your new or used auto loan. Explore our great, low car and truck loan rates and see if we can help you save money by refinancing your car loan at our Greater Boston area Credit Union.
Easy Online Application
We strive to make lowering your monthly car payment as easy and seamless as possible. You can apply to refinance your auto loan online, and can handle nearly your entire loan process online for speed and ease just stop by the branch at the end to collect your loan check.
Why choose a credit union?
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See disclaimers, disclosures, and additional text.
*APR=Annual Percentage Rate. APR includes a .25% discount for automatic payments. 4.49% APR is for terms up to 48 months for vehicles with less than 25,000 miles. Monthly payment is $22.80 per $1,000 borrowed. 4.74% APR without automatic payments. Monthly payment without automatic payments is $22.91 per $1,000 borrowed. 4.99% APR is for terms up to 48 months for vehicles with more than 25,000 miles. Monthly payment is $23.02 per $1,000 borrowed. 5.24% APR without automatic payments. Monthly payment without automatic payments is $23.14 per $1,000 borrowed. 9.49% APR is for terms up to 48 months for used car models from 2018 or older. Monthly payment is $25.12 per $1,000 borrowed. 9.74% APR without automatic payments. Monthly payment without automatic payments is $25.24 per $1,000 borrowed. Other rates and terms are available. Up to 105% financing based on the JD Power retail value. Qualification restrictions apply. Rate, term and approval based on credit worthiness. Rates are subject to change without notice.
*APR= Annual Percentage Rate. Maximum term for new auto and motorcycle loans is 72 months.
*Payments may be deferred up to 60 days. Interest will begin to accrue on the date the loan is funded. Payments will be applied to the interest accrued and then applied to the principal due. Subject to credit approval. Rate, term and approval based on credit worthiness.
Effective Date: October 8, 2025.
Use Our Simple Auto Loan Calculator
Find out how much car you can afford to always stay on top of your payments.
Apply For an Auto Loan in 3 Easy Steps
Member Testimonials
What vehicles can I buy with an auto loan?
You can use our auto loan to buy a new or used vehicle.
- New vehicles have less than 25K miles and get the lowest rates.
- Used vehicles have more than 25K miles and get competitive rates.
- Older vehicles may still qualify for financing with slightly higher rates.
Can I refinance my auto loan from another lender?
Yes, auto loan refinancing in MA is easy, even from other financial institutions! Mass Bay Credit Union wants to help you lower your car payment by offering low auto refinance rates on your new or used car loan. Explore our great, low car and truck auto refinancing rates and see if we can help you save money.
We strive to make lowering your monthly payment as seamless as possible. You can complete your refinancing loan application online, and most refinance loans can close without having to visit the branch. We are proud to offer car loans in Boston and the Greater Boston Area, including the cities of Everett and Quincy.
Can I use an auto loan to buy out my car lease?
Yes, we can help you complete a lease buyout. Your auto loan payments may be slightly higher or lower than your lease payment. At the end of your loan term, you'll be debt-free and own your car outright!
What rate will I get my auto loan?
We'll offer you a competitive annual percentage rate (APR) when you apply for a loan based on these factors:
- Your credit score and financial situation (higher scores get lower rates)
- The age of your vehicle (newer vehicles get lower rates)
- The loan term you choose (shorter terms get lower rates)
You can see our rates here.
Call Us for More Information
Apply Now (617) 269-2700 Check Application Status
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