New and Used Vehicles

Extra flexibility. A variety of options.

  • Enjoy NO payments for up to 90 days!*
  • Choose from loan terms ranging from 36 to 84 months with competitive low rates

 


Hit the Road with Affordable Vehicle Loan Options from JHFCU

Whether you’re looking at a brand new car or you’re considering something pre-owned,** a JHFCU loan streamlines the car buying process, from the application to managing your monthly payments. 

 

✔
Competitive Rates

Rates typically are 2-3% lower APR*** (sometimes much more) than banks or finance companies

View Rates

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Your Choice of Terms

36, 48, 60, 72, or 84 Month Terms

Calculator

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Never Miss a Payment

Get your payment automatically withdrawn with Payroll Deductions or transfer from your JHFCU checking or savings online or in the mobile app

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Peace of Mind

Helpful, friendly JHFCU staff walk you through the process

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Insurance Coverage

Protect your purchase with GAP, Debt, and Mechanical Maintenance Protection


★★★★★

"Everyone was friendly and welcoming at the Homewood office. But more importantly, the 'blank check' car loan is SO easy and the rates are great. I did this loan in 11/19 and encouraged my son to join JHFCU so he could do the same thing when he bought his first car."

- M. H.



Applying Is Easy

Apply in minutes online, in person, or over the phone. For added convenience, we send a secure email for e-signatures which makes the process extra easy!

 

Step

1

Apply Online

Quick and easy online application.

 

Step

2

Sign Documents

Agree to the loan amount, rates, and terms.

 

Step

3

Receive Your Check

Use your check to buy your new vehicle.

 

Expand all

New and Used Vehicle Loans FAQ

  • Why is it better to borrow from JHFCU than the dealer?
    As a member of JHFCU, you have access to lower loan rates and fees compared to financing through a dealer. Additionally, pre-approval from us gives you bargaining power with known rates and monthly payments. You can also defer your first payment for up to 90 days and manage your loan through online banking with options for payroll deduction or transfers. Your loan documents are signed electronically, all you have to do is simply present your check to the dealer.
  • What’s the difference between the Blank Check Loan and your regular Auto Loan?

    Both are excellent auto loans that offer competitive rates and an easy application process, but there are some differences. With the Blank Check Auto loan, you are pre-approved and given a blank check ahead of time to take to the dealer to write in the pre-approved amount – the blank check can be used as a bargaining tool to potentially lower the price of the vehicle. The Regular auto loan potentially takes more time, as you have to gather the signed documents and pick up the Cashier’s check to take back to the dealer but is an excellent option if you are not able to qualify for the Blank Check Auto loan.

  • What options are available to me if I have bad credit or a poor credit history?

    JHFCU is invested in your financial wellness. It’s why we offer free member access to financial education tools, as well as counseling services. 

    In partnership with GreenPath financial counseling, JHFCU members can take advantage of help with debt counseling, bankruptcy support, student loan counseling, credit report reviews, and more!

  • Do I need to be a JHFCU member to apply for a car loan?

    Yes, but fortunately, becoming a member is easy. 

    Employees, students, alumni and retirees of most of the Johns Hopkins institutions and other affiliated groups are eligible for JHFCU membership. Membership eligibility also extends to household and immediate family members of current members.  Questions? See our list of membership eligibility requirements.

     
  • How can I get an idea of how much my monthly payments might be?

    You can calculate your estimated payments with our car loan calculator. Enter information such as total purchase price, down payment, taxes, fees, interest rate, and your loan term to get a good idea of your projected payments.

    Calculate Estimated Payment

     
  • What are my other payment options?

    You have a variety of options when it comes to making a payment.

    Online Transfer: Set up a recurring transfer or make a one-time transfer online from your checking, savings, or another transactional account to your mortgage account. Payments are credited and account balances are updated immediately. 

    JHFCU TeleBranch 24: Transfer your payment from a JHFCU account to your mortgage; just use your loan suffix number (EX: XXXXXXXXX-XX.)

    Pay Online from an Outside Bank: Set up JHFCU as a payee using your 9-digit JHFCU Account number - 2-digit loan suffix number (EX: XXXXXXXXX-XX.) 

    Pay by Check at a Branch or via Mail

    Pay by Transfer In-Person

    NOTE: When setting up Online Bill Payment from an outside account, use JHFCU’s main address, 2027 E Monument St, Baltimore, MD 21205

*Skipping your first payments up to 90 days extends your maturity date for approximately up to three months. If you have credit insurance coverage on this loan, it does not cover any deferred payments. Note that loan interest will still accumulate, so your final payment on this loan may increase. The option to skip a payment is subject to change or may be discontinued.
**Only valid on New and Used cars purchased within your state of residence. Check will be valued up to the pre-approval amount and other restrictions apply. Vehicle must be no more than 10 years old, and all must have under 125,000 miles.
***APR=Annual Percentage Rate. Rates are determined by an evaluation of the applicant’s credit, loan-to-value (LTV), and upon refinancing your non-JHFCU loan. Your actual rate may vary. Down payment may be required.  Property and flood insurance may be required, therefore the actual payment obligation would be greater. Rates are subject to change. Calculate estimated payment.