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The Johns Hopkins Federal Credit Union
Car Buying

JHFCU is Your Car-Buying Partner

Buying a car involves a commitment of time and, more importantly, money. Having a trusted partner like JHFCU can make the experience much easier. JHFCU can help you through the entire process. We have research tools online to find and compare vehicles (and even request a quote), and convenient financing options including pre-approval, financing after the purchase, and financing at the dealership. We will validate the price of the car to ensure you don’t overpay, as well as help you determine which term best fits your budget. You can also choose from multiple loan payment options including payroll deduction, a coupon book for mailing payments, online transfers from a JHFCU account, and monthly ACH debits from another financial institution. We also offer GAP insurance at much lower rates than what is typically offered by the dealer.


Buy Now, Pay Later!

Purchase a car and finance with JHFCU and your first payment will be delayed 90 days*!

*Please note that by skipping your first 3 payments, you extend your maturity date approximately three months. Credit insurance coverage you have on this loan does not cover any deferred payment. Since loan interest still continues to accumulate, your final payment on this loan may increase.



Wheeling and Dealing: How auto financing rolls

Take a drive through the different options, lingo and hazards when financing a car. This includes credit reports and scores, finding a lender, knowing the terms (multiple connotations: the words and their meaning as well as the conditions with regard to length of payment), getting pre-approved, looking for deals and closing said deals.




Do your online research before the sale!

Get access to the tools and resources needed to make informed car-buying decisions and to simplify your auto-financing process with the Credit Union Direct Lending (CUDL) AutoSmart website. Features include in-depth comparison of prices and features of up to three vehicles at one time, inventory search for new and used vehicles available from dealers in your area, and vehicle value guides from Black Book, Kelly Blue Book, and NADA (National Automobile Dealers Association). You can even request a quote for your vehicle from area dealers.

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Local Dealerships

One of JHFCU's many partnerships is with Enterprise Car Sales. Enterprise offers features such as a no-haggle price system, 7-Day/1000 miles repurchase policy, limited powertrain warranty, and more. They also occasionally offer special rebates if you finance through JHFCU, too. For more information about Enterprise, please visit their website at

Enterprise also offers a great deal to our members for car rental services. Click on the images below for more information!

Enterprise Car Sales


Financing at the Dealership


Some dealerships can offer JHFCU financing on-site. This is an added convenience for members who want a JHFCU loan. However, applying and closing your loan directly with JHFCU offers some advantages, such as allowing us to verify the price/value of the vehicle and to set up convenient repayment options.



JHFCU also offers members access to Web Carbook, where you can look up prices for new vehicles and options, research used cars values, compare vehicles, or find out vehicle safety information. You can even request a quote for your vehicle from area dealers. To access Web Carbook, click here. You may also get NADA information by clicking here.



Getting a loan

You can apply for any kind of JHFCU vehicle loan online, over the phone, or in person at any one of our branches. Generally, your loan request can be processed in minutes. When applying, contact us to find out if you need to submit any additional materials with your application. The Credit Union offers the following types of vehicle loans:


Loan Types

New/Used Cars

When financing a new car, JHFCU may be your lowest cost option, and there are other benefits to financing with the Credit Union as well. Rates are typically 2-3 percentage points lower than what banks or finance companies offer, and even though special dealer rates may be lower, it's most likely because they will charge you more for the car if you take the low rate. (In most cases, you have a choice of a rebate or lower rate, and taking the rebate and applying it towards the purchase generally works out much more favorably for you!)

The Credit Union offers a choice of 36, 48, 60, 72 or 84 month terms. Rates for all car loans are determined by an evaluation of the applicant's credit. A JHFCU car loan offers extra flexibility through a variety of repayment options: you can set up a payroll deduction so that part of your payment comes right out of each paycheck. You can also transfer money online or over the phone from your checking or savings account. Or, if you have an account elsewhere, you can elect to have payments debited monthly via ACH, the Automated Clearing House system. Finally, you have the option to bring in or mail your monthly payment.

When applying for a used car loan for a car purchased through a private dealer, you may need to submit additional materials along with your application: such as purchase order or inspection certificate, etc.

Please note: Vehicles cannot be more than 7 years old and/or exceed 125,000 miles. Vehicles must be purchased through a franchised dealership. If the auto does not meet these requirements, it can be financed at our unsecured loan rates, for qualified applications.

Please contact the Credit Union for full details.

Get pre-approved and earn 1% CASH BACK with our Blank Check Auto Loan.**

The most convenient way to buy your next vehicle.

Get pre-approved and walk out with a blank check to purchase the vehicle of your choice.* Visit the dealership with the confidence to negotiate the best price, sign the check, and drive away!

  • Save time by having your financing complete before you even visit the dealership.
  • Lock in your rate at the time of pre-approval and it’s guaranteed for 60 days, even if rates go up.
  • No interest accrues until after you’ve signed the check over to the dealer.
  • Accepted by any franchised dealership (no private sales).
  • Good as cash, allowing you to negotiate the best price.

Once your vehicle is purchased, earn a 1% rebate on the amount you finance!**

*Check valued up to the pre-approval amount. Other restrictions apply.
**Valid on New and Used cars only. Check valued up to the pre-approval amount. Other restrictions apply. Rebate will be credited to member’s savings within 30 days of loan disbursal.


Recreational Vehicles

You can also finance your new or used boat, RV, or mobile home with JHFCU. Check our rate page (considered "other vehicle") for current rates and terms, or call the Credit Union for more information. Rates for recreational vehicles are determined by an evaluation of the applicant's credit and may vary.

Home Equity Loans for Vehicle Purchase

A Home Equity loan or line of credit is another financing alternative for your vehicle purchase. With rates as low as prime minus 0% with no closing costs*, and the possibility of tax-deductible interest**, a JHFCU Home Equity loan may be worth considering. Contact the Credit Union for more details.

*Rate is for qualified borrowers with lines of 80% or less loan-to-value. Home Equity line of credit rates are based on the Prime Rate, as published by the Wall Street Journal on the 25th of each month, and can adjust monthly. Other restrictions may apply. Closing costs will be added to payoff balance if loan is closed within three years. Contact JHFCU for details.
** Possible tax deduction (“In general, you can deduct the interest up to $100,000. Some restrictions apply. Consult with a tax advisor if you have questions or refer to IRS publication 936, Home Mortgage Interest Deduction, or Tax Topic 505, Interest Expense.”)

Finding Insurance

Once you have the vehicle you want, protect your new investment by taking advantage of the following programs:

Discounts Through Nationwide Insurance!

Nationwide InsuranceJHFCU has worked hard on your behalf to put together a special member benefit that could mean significant savings on your auto insurance. This “members-only” offer has been secured through Nationwide®, a company that has helped many of its customers save money on their auto policies. Whether you are currently insured by Nationwide or just want further information, you can contact Corrigan Insurance at 1-800-213-1634 or

Debt Protection

Even the most responsible person can be hit with bills they can’t pay, damage to their credit score, and even repossessions when unexpected illness, injury, or death eliminates their ability to earn a paycheck.

Debt Protection may even cover loss of job or events that may happen to your family.

When you add Debt Protection to your loan1 or other obligations, you minimize the impact of the unexpected. In most cases, Debt Protection can:

  • Eliminate all or part of your remaining loan balance or pay a portion of the payment
  • Protect your credit rating as loan payment obligations are made on your behalf
  • Prevent late fees
  • Protect your family and your possessions
  • Free-up extra cash when it’s needed most
  • Pay benefits in addition to any other protection you may have

Debt Protection is affordable, may cover both you and your co-borrower, and is a part of your regular payment—giving you one less thing to think about.

To learn more about Debt Protection, contact your loan officer or service representative today!

1Debt Protection may be available for personal credit cards, auto loans, personal consumer loans, and home equity loans.

Your purchase of Debt Protection is optional. Whether or not you purchase Debt Protection will not affect your application for credit or the terms of any existing credit agreement you have with the financial institution. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under Debt Protection. You should carefully read the contract for a full explanation of the terms.

Protect your investment with GAP Advantage with PowerBuyTM

The most dangerous time to drive has nothing to do with hours of the day or months of the year. It’s the first few years you own your vehicle. If it’s in an accident and can’t be repaired, or stolen and can’t be recovered, you could owe thousands more than insurance covers.

GAP Advantage with PowerBuy TM eliminates or reduces the difference between what the insurance covers and the amount you owe on your loan.  So, instead of paying off a substantial loan balance before you can even think about shopping for a new vehicle, you could be free and clear.

The Advantage benefit will allow you to get back on the road quickly by providing a $1,000 benefit towards the financing of your replacement vehicle when financed with us.  In addition to the Advantage benefit, the PowerBuy benefit may provide up to an additional [$X,XXX] towards your new vehicle loan, based on the depreciation of the vehicle. GAP Advantage with PowerBuy puts you in a better financial position when you need it the most.

You purchase your vehicle for $25,500 and then your vehicle is deemed a total loss. At the time of the loss, your loan balance is $23,000, and the insurance settlement is only $20,000. 

GAP Benefit would be       $3,000.00
PowerBuy Benefit would be up to  $2,500.00
GAP Advantage Benefit would be $1,000.00

The maximum benefit for PowerBuy is up to $6,500.00  and is only payable during the first three years of your loan.

The PowerBuy benefit is a calculated benefit based on the depreciation of the vehicle.

To learn more about this valuable protection, call your loan or service representative today!

*GAP Advantage with PowerBuy is considered insurance coverage in some states.

Your purchase of GAP Advantage with PowerBuy is optional. Whether or not you purchase GAP Advantage with PowerBuy will not affect your application for credit or the terms of any existing credit agreement you have with the financial institution. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under GAP Advantage with PowerBuy. You should carefully read the contract for a full explanation of the terms.

Major Mechanical Protection (MMP)

With MMP, You Can Get the Most Out of Your Mileage!
As time goes on, the likelihood of mechanical failure on your vehicle is inevitable. Advanced electronics, complex systems, and rising labor costs mean that a repair that might have cost hundreds of dollars a few years ago may now cost you thousands.

With Major Mechanical Protection (MMP) from JHFCU, you can protect yourself against the expense of future costly repairs.
The total cost of MMP is often far less than the cost of a single repair! Pay for this protection once, and in most cases you will not have to pay anything more than a small deductible should a breakdown occur.

To learn more about MMP, call your loan officer or service representative today!

For more information about any of the above programs and services, please call us or stop by any of our branches and see us in person. Let JHFCU help you get the vehicle of your dreams!