Keep your financial goals cruising with market-leading auto loan rates that fit your budget. Apply for a pre-approval today to walk into the car dealership with confidence, knowing exactly what you can afford.
Give your budget a brake with these loan options
Whether you’re buying new or used, or looking to save by refinancing your current loan, we have a variety of loan terms that work with your budget.
New and used auto financing
Enjoy low, market-leading rates with terms up to 72 months.* Apply online and learn if you’re pre-approved in minutes.
Refinancing an auto loan
Refinancing your ride with Empeople could lower your interest rate, decrease your monthly payment, or both.
Boat and RV financing
Summer fun is within reach with an affordable boat or RV loan from Empeople. Make your dream vacation a reality with loan terms up to 72 months.*
Payment Saver auto loan
Like a lease, this option offers considerably lower payments than conventional financing. At the end of the term, choose to refinance and keep the vehicle, sell, trade in or return the vehicle.
New and used auto financing
Enjoy low, market-leading rates with terms up to 72 months.* Apply online and learn if you’re pre-approved in minutes.
Refinancing an auto loan
Refinancing your ride with Empeople could lower your interest rate, decrease your monthly payment, or both.
Boat and RV financing
Summer fun is within reach with an affordable boat or RV loan from Empeople. Make your dream vacation a reality with loan terms up to 72 months.*
Payment Saver auto loan
Like a lease, this option offers considerably lower payments than conventional financing. At the end of the term, choose to refinance and keep the vehicle, sell, trade in or return the vehicle.
Steps to financing with Empeople
1. Apply online
Apply online or by phone at (800) 338-6739. We will process your application and notify you when your pre-approval is complete, usually the same business day.
2. Get financing
Be sure to bring your pre-approval to the dealership to help you negotiate the best deal. From there, the dealer will send Empeople the purchase agreement.
3. Finalize your loan
We’ll finalize the loan via electronic signature, including any changes in preferences you made at the dealership. From there, you’re ready to ride off into the sunset.
Earn All-In Member Pricing interest rate discounts
Unlock exclusive auto loan rate discounts when you go all-in on partnering with Empeople for every step of your financial journey. The more you bank with Empeople, the better your rates are on select deposit accounts and loan types.
All-In Member Pricing requirements
$1,500 in direct deposit into your checking account monthly1
21+ debit or credit card transactions per month2
Crunch the numbers
Use our auto loan calculator to compare different finance options before you apply. Compare loan payments for new or used auto loans, or calculate the benefits of refinancing your ride.
Protect your ride with Empeople
Debt protection
Prepare for unexpected events such as death, disability or involuntary unemployment with our debt protection program. Covered loans may be eligible for balance or monthly loan payment cancellation without penalty or added interest.
GAP coverage
Covering what regular car insurance doesn’t, GAP helps you pay off your auto loan if your vehicle is totaled, lost or stolen, and your insurance appraises your car for less than what you’ve financed it for.
Mechanical breakdown
Avoid costly out-of-pocket repairs and keep your car running smoothly. This coverage helps pay for unexpected mechanical failures beyond your manufacturer’s warranty — so you can get back on the road.
Debt protection
Prepare for unexpected events such as death, disability or involuntary unemployment with our debt protection program. Covered loans may be eligible for balance or monthly loan payment cancellation without penalty or added interest.
GAP coverage
Covering what regular car insurance doesn’t, GAP helps you pay off your auto loan if your vehicle is totaled, lost or stolen, and your insurance appraises your car for less than what you’ve financed it for.
Mechanical breakdown
Avoid costly out-of-pocket repairs and keep your car running smoothly. This coverage helps pay for unexpected mechanical failures beyond your manufacturer’s warranty — so you can get back on the road.
Do I need to be an Empeople Credit Union member to apply for an auto loan?
Yes, you need to become a member before you can apply for an auto loan. Learn more about joining Empeople.
How do I apply for an Empeople auto loan?
If you are not an Empeople member, you will first apply for membership online. Once you are a member, you can simply log in to digital banking and select “Apply for a loan” from the left menu. You may also apply by calling (800) 338-6739.
How old of a car will Empeople finance?
We will finance vehicles up to seven model years old at either new or used auto rates depending on the model year. Vehicles older than seven model years will be considered at an increased interest rate, depending on the member’s credit worthiness.
How much can I borrow for an auto loan?
Empeople will lend up to 120% financing to well-qualified borrowers, not exceeding the lesser of MSRP or the final purchase price plus tax and Vehicle Service Agreement on new vehicles or the NADA retail value plus/minus options and mileage on used vehicles.
Do you require insurance to take out an auto loan?
We require collision and comprehensive coverage with a maximum $2,500 deductible on each. You may purchase both collision and comprehensive coverage through Empeople Insurance Services.
Can I apply for a pre-approval even if I don’t know the make and model of the vehicle I want?
Yes, you can apply for an auto loan pre-approval without knowing the exact car you’d like to purchase. Once you’ve decided on your car, we’ll finalize the loan via electronic signature, including any changes in preferences you made at the dealership.
What is the maximum term for an Empeople auto loan?
Empeople finances new vehicles for up to 72 months. For older vehicles, the maximum term is 60 months.*
How fast can I be approved for a vehicle loan? Can I be approved the same day that I apply?
In many cases, your loan may be approved the same day that you apply. We understand that sometimes the vehicle-buying process is urgent. Our loan specialists will answer your questions and help expedite the simple loan application and approval process.
How long is my auto loan pre-approval good for?
Your auto loan pre-approval is good for 90 calendar days from the date of the credit pull.
Can I pay off my loan quicker than the payment schedule?
Yes. At Empeople, there are no prepayment penalties for paying off your loan faster than your payment schedule. In fact, it’s a great way to save on interest over the long run.
What should I do if I can’t make my loan payment on time?
Contacting us is always the best first step. Our member service representatives will be happy to confirm if you have debt protection, or if you’re eligible for skip-a-pay.3 You may also verify skip-a-pay eligibility via digital banking. Once logged in, simply select your desired auto loan, and if available, select “Skip a Payment.”
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*All loans issued subject to credit approval. Loan rates are determined by individual credit history.
1. Over $1,500 in direct deposit into an Empeople Rise Transaction checking account within the last 30 days.
2. Transaction count is NOT a combination of debit and credit card transactions. Debit card transactions must be posted to the account within the calendar month for it to be considered a qualifying transaction. Credit card transactions must be posted between the 27th day of the previous month and the 26th day of the current month to be considered a qualifying transaction. Excludes ATM and cash transactions.
3. Skip-a-pay fee is $50 if assisted by Empeople staff. Finance charges continue to accrue on all loans that take advantage of the skip-a-pay program, which may cause the maturity date of your loan to be extended. Some restrictions apply. Interest will continue to accrue during the deferred payment period.