Get your auto financing application started by entering your details into our secure online form.
Lower Your Car Payment! Refinance your auto loan with Mass Bay Credit Union and explore our low rates.
xAuto Loans & Auto Refinancing
Drive down your costs with competitive rates on new and used auto loans, or refinance your current loan to lower your payment and keep more money in your pocket.
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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 2019 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 you can handle nearly the entire loan process online for speed and ease. Once approved, just stop by any branch to receive your vehicle loan check.
Why choose a credit union?
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Auto Loan & Refinancing EligibilityAuto loans and auto refinancing are available to eligible Mass Bay Credit Union members. You may qualify for membership if you:
We can open accounts for U.S. citizens and permanent resident aliens. Please review the membership requirements before applying. |
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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 2019 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. 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.
Effective Date: September 16, 2026.
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Who is eligible for an auto loan from Mass Bay Credit Union?
Auto loans and auto refinancing are available to eligible Mass Bay Credit Union members. You may qualify if you live, work, or attend school in an eligible Massachusetts community, work for a qualifying employer, or are an immediate family member of an eligible member. Be sure to review your membership eligibility before you apply.
What vehicles can I buy with an auto loan?
You can use your 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! 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 make your refinancing loan application online. Most refinance loans can close without having to visit the branch. We’re proud to offer car loans throughout Boston and the Greater Boston Area, including all cities and towns where membership eligibility applies.
Why should I refinance my auto loan?
Refinancing your current auto loan may help you lower your monthly payment, reduce your interest rate, shorten your loan term, or better fit your current financial goals. If interest rates have improved or your credit has strengthened since you originally financed your vehicle, refinancing may help you save money.
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 for my auto loan?
We'll offer you a competitive rate 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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