Vehicle Loans & Refinancing*

• Competitive fixed RATES on new or used vehicles
• A wide range of terms customized to your unique situation
• Pre-approval available for extra bargaining power at the dealership
• Refinance your current vehicle loan from another lender to potentially lower your rate and shorten your term
• Quick, local decision-making and processing
• Attentive, friendly service from start to finish

Need to Refinance a loan from another lender?

Whether you’re looking to lower your monthly payments or shorten your term, we make refinancing a breeze.

New Auto Loans

Same New Auto rates for new and used vehicles 2024 and newer. We can finance up to 120% LTV to include taxes, registration fees and warranties. Risk Based Pricing applies. 

Used Auto Loans

We can finance up to 120% LTV to include taxes, registration fees and warranties. Also, we finance vehicles as old as 14 years at the time of maturity. We do not finance salvaged or rebuilt vehicles. Risk Based Pricing applies. 

Need to Refinance a loan from another lender?

Whether you’re looking to lower your monthly payments or shorten your term, we make refinancing a breeze.

Protect your auto investment …with Guaranteed Auto Protection.

Did you know that if your vehicle were to be stolen or damaged beyond repair ("totaled"), your insurance company may not pay off the entire loan balance?

That’s because your insurance company settlement is based on the vehicle’s actual cash value. And because of the way vehicle values decline, the outstanding loan balance is usually higher than the actual cash value. You could end up paying off a loan balance for a vehicle you can no longer drive!

Guaranteed Auto Protection (GAP) is designed to eliminate your unpaid auto loan balance in the event your vehicle is totaled or stolen. GAP supplements, but does not replace, your primary auto insurance coverage.

GAP is designed for all drivers, whether you finance a new or used vehicle. It may even cover your insurance deductible, up to $1,000, as part of your claim settlement. And, the cost of GAP can even be financed with your loan.

GAP will also give you $1,000 towards your replacement vehicle, financed at the credit union.

For more information, please stop by or call us at (508) 853-9966.

Looking for information on fuel economy and emissions?

Each year, the U.S. Department of Energy and the U.S. Environmental Protection Agency publish the Fuel Economy Guide to help consumers make informed decisions when purchasing a vehicle. The Guide features fuel economy, annual fuel cost, and emissions information for new model year cars, sport utility vehicles, and light trucks. The 2026 Fuel Economy Guide is available at https://www.fueleconomy.gov/feg/printGuides.shtml.

The DOE and EPA have also developed the fuel economy website, www.fueleconomy.gov. Their website features updated economy data for new and used passenger vehicles dating back to 1984, allows side-by-side vehicle comparisons, offers fuel-saving tips, contains vehicle-specific air pollution emissions information, safety ratings and provides links to car buying websites.

If you’re considering purchasing a new vehicle, recent tax law changes may offer added savings.

Under the One Big Beautiful Bill Act, eligible buyers may now benefit from a new federal tax deduction tied to vehicle financing—something that hasn’t historically been available for personal-use vehicles.

What’s Changed?
For tax years 2025 through 2028, you may be able to:

• Deduct up to $10,000 per year in auto loan interest on a qualified vehicle
• Take the deduction even if you use the standard deduction (no itemizing required)

Key Eligibility Requirements
To qualify, the vehicle and loan must meet certain criteria:

• New vehicle purchase (used vehicles do not qualify)
• Personal use (not primarily for business)
• Financed purchase (lease payments are not eligible)
• Vehicle must meet specific manufacturing requirements (generally U.S.-assembled)

Income Limits
This deduction is designed for middle-income households:

• Begins to phase out at $100,000 (single) / $200,000 (joint)

What This Means for You
This isn’t a rebate or upfront discount—it’s a reduction in your taxable income, which can lower the amount of taxes you owe when you file.
Depending on your loan and tax situation, that could mean meaningful savings over the life of your vehicle loan.

How Worcester Credit Union Can Help
Whether you’re upgrading your current vehicle or buying your first, our team can help you:

• Explore competitive auto loan options
• Understand how financing fits into your overall financial picture
• Take advantage of opportunities like this new tax deduction

Talk with your tax advisor to determine if you qualify for the new vehicle loan tax deduction, and talk with us before you buy—we’ll help you make a smart move from day one.