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

Your Choice of Terms

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


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Get your payment automatically withdrawn with Payroll Deductions or transfer from your JHFCU checking or savings online or in the mobile app

Peace of Mind

Helpful, friendly JHFCU staff walk you through the process

Find the Right Vehicle For You

Save up to $1,824 MSRP when you research your next car through our JHFCU Car Buying Service

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!




Apply Online

Quick and easy online application.




Sign Documents

Agree to the loan amount, rates, and terms.




Receive Your Check

Use your check to buy your new vehicle.


New and Used Vehicle Loans FAQ

  • Why is it better to borrow from JHFCU than the dealer?

    When you belong to the Credit Union, you have access to lower loan rates and fees than when you receive financing through the dealer. You also have the option of deferring your first payments up to 90 days!* You will be able to view your loan in online banking and make payments via payroll deduction or by transferring using online banking.  All your loan documents are signed electronically and all you have to do is present your check to the dealer. Credit unions are also transparent about the loan process , so you will not have to wonder if there will be more added costs when you obtain financing through the Credit Union. When you are pre-approved at the Credit Union for an auto loan, you have bargaining power because you already know what your rate and monthly payment will be. Another thing to consider is that Dealers typically charge more for GAP insurance and extended warranties. Do your research a head of time and know the costs before you sign. As always, the Credit Union is here to help you through the process.

  • 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 and management

    • Bankruptcy support

    • Student loan counseling

    • Credit report review

  • Do you offer refinancing on auto loans?
    You can refinance loans on your vehicle at JHFCU. Our lending department will review your loan-to-value (LTV) ratio, your creditworthiness, and your standing with JHFCU.
  • Does JHFCU offer additional types of loans in addition to New & Used auto loans?

    We offer a variety of loans to meet our members’ various needs. 

    • Mortgages, Home Equity Loans, and Home Equity Lines of Credit

    • “Anything” Personal Loans and Personal Lines of Credit

    • Home Improvement Loans 

    • Boat, RV, and Motor Home Loans

    • Share Secured Loans

    • Holiday Loans and Winter Wonder Line of Credit

  • What is the difference between a credit union and traditional banks?

    Credit unions offer an experience unlike one you’ll experience at a traditional financial institution or commercial bank. Co-ops are member-owned non-profits. That means their profits are passed along to members in the form of higher dividends and lower interest rates.

    What’s more, because we exist to serve the Johns Hopkins community members and their eligible family members, you’re not just a member. You’re an individual with a story. And because we’re member-owned, that means when one of us thrives, we all do better. 

    So even if you don’t have the best credit or much in the way of a financial history, we’ll work with you to find the best products and services for your financial situation.

  • What are the benefits of JHFCU membership?

    JHFCU membership carries an array of benefits besides access to competitive rates on car loans.

    Access a range of accounts and services, including:

    Enjoy the following member benefits:

    • Cash rebates on debit card purchases

    • Blank Check car loans

    • Graduate Student Savings Accounts

    • UChoose Credit Card Rewards. Redeem points on earned for gift cards, travel, merchandise items–to name just a few!

    We offer exclusive member discounts on tax filing services, home protection, and insurance products.

    How to Join

  • 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.

  • What interest rates are available at JHFCU?

    You can review our current loan rates here. Keep in mind, terms and conditions apply, and your loan rates will depend on your credit score. 

    Vehicles cannot be more than 10 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.

  • 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

  • In addition to payroll deductions and online payments, what are my other payment options?

    You can elect to have payments debited monthly via scheduled recurring transfers or ACH, the Automated Clearing House system. You can also bring in or mail your monthly payment to one of our local branches.

  • How do I qualify for the lowest rates JHFCU offers?

    Rates for all car loans are determined by an evaluation of the applicant's credit history. With SavvyMoney, an online banking suite of products and services, you can check your credit score any time for free.

    Access your credit report for free

*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

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.