First-Time Buyer Auto Loans
Drive Your First Car with Confidence
Purchase a new or used vehicle!
Buying your first car is exciting—but it can also feel overwhelming. At RRCU, we make the process simple, affordable, and stress-free. Our First-Time Buyer Auto Loan program is designed to help you hit the road with confidence.
Program Highlights
- Member for 6 months or longer
- One year of stable employment
- 5% down payment
- $20,000 maximum loan amount
- Vehicle must be newer than 10 years old and under 120,000 miles
- Up to 60-month term based on year model (no extended terms)
- Convenient eSign* feature
- Optional Extended warranty and GAP for added peace of mind
- Proof of insurance required
Ready to Get Started?
Apply online today or visit one of our branches. Have questions? Call us at 903-735-3000 or 800-822-3317.
*Some restrictions apply.
Why Choose RRCU for Your First Auto Loan?
- Competitive Rates & Flexible Terms
Enjoy low rates and terms that fit your budget. Whether you’re buying new or used, we’ll help you find the right option. - No Credit History? No Problem!
We understand that first-time buyers may not have an established credit score. Our program is tailored to help you start building credit responsibly—and we report to all three major credit bureaus to help you establish credit faster. - Membership Benefits
When you finance with RRCU, you become part of a community that offers more than just loans. Enjoy online banking, mobile check deposit, e-statements, and more. - Local Service You Can Trust
We’re more than a lender—we’re your financial partner. Our team is here to guide you every step of the way. - Get Pre-Approved Before You Shop
Not sure what fits your budget? We’ll help you figure out a monthly payment that works for you—plus plan for insurance and other extras, so there are no surprises.
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Auto Loan Rates
Loan Type Term* APR** As Low As NEW! 2026 up to 48 months
up to 60 months
up to 84 months4.90%
5.60%
5.95%2025 up to 48 months
up to 60 months
up to 84 months4.90%
5.60%
5.95%2024 up to 72 months 6.45% 2023 up to 72 months 6.45% 2022 up to 72 months 6.45% 2021 up to 48 months 7.05% 2020 or Older up to 36 months 7.55% Rates Effective: 10/28/2026
*Terms may be extended on auto loans based on year model with approved credit. Purchase or refinance from other institution $20,000 minimum.
**APR = Annual Percentage Rate. Rate and term based on credit score and year model (auto). Rate subject to change without notice. With Approved Credit.
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Repo Rate
All Year Models are 6.75% APR*
Rates Effective: 10/28/2026
*APR = Annual Percentage Rate. Rate subject to change without notice. With Approved Credit. Extended terms are available.
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Recreational Vehicles (Boat, Jet Ski, ATV, Motorcycle)
Loans under $40,000
Loan Type Term APR* As Low As New up to 60 months 5.95% Used up to 60 months 6.40% Loans $40,000 and above
Loan Type Term APR* As Low As New up to 144 months 7.90% Used up to 144 months 8.40% Rates Effective: 10/28/2026
*APR = Annual Percentage Rate. Rate and term based on credit score and year model (auto). Rate subject to change without notice. With Approved Credit.
Estimate your loan terms and payments
Get a better idea of how your loan will impact your finances. Whether you’re purchasing a new vehicle or refinancing, you can use this auto loan calculator to see your estimated loan terms now:
Apply for your vehicle loan today
Find your perfect vehicle and get great financing with an RRCU vehicle loan. Or see if you qualify for better terms on your existing vehicle loan.