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Auto Loans

Ready to roll with a new or new-to-you car? Trust us to provide flexible, reliable auto financing and the lowest car loan rates to get you on the road for less.

Apply Now Find a Car
Your car is a big part of your life here in Miami, but that doesn’t mean you should overpay on your auto loan. With some of the best auto loan rates in South Florida, you can put more money back in your pocket when you purchase or refinance your new or used auto loan with Power Financial Credit Union.

Get pre-approved today for a Power Financial Credit Union auto loan and shop with confidence, knowing exactly how much you can spend on your next car, truck or SUV.  We’ll even help you find a car!

Power Financial Credit Union Auto Loan Features and Benefits

Up to 100% Financing

Get an auto loan to buy a new or used car, or refinance your loan from another lender.

Lower Loan Rates

Take advantage of our competitive rates and see how much you can save on interest.

Simplified Car Buying

Get an extra 0.25%* off your approved interest rate when you purchase your vehicle using Auto Advisors.

No Payments for 90 Days

Make the most of our up to 90 day payment-free period.** 

Auto Loan Rates

Take advantage of competitive auto loan rates with Power Financial Credit Union.
 

New Auto Rates

Term APR1 (Rates as low as)
up to 36 months 4.62%
37-60 months 4.75%
61-72 months 5.00%
73-84 months 5.87%
85-96 months 7.62%
 

Used Auto Rates

Term APR1 (Rates as low as)
up to 36 months 4.87%
37-60 months 5.00%
61-72 months 5.25%
73-84 months 6.12%
85-96 months 7.87%
 
Apply Now

 

Calculate Your Auto Loan Payment

Use our Auto Loan Calculator to find out your monthly payment.

Learn More About Our New and Used Auto Loans

A good credit union car loan puts you in the driver’s seat with affordable payments and reasonable terms. At Power Financial Credit Union, we check all the boxes with our accessible auto financing.

  • Get behind the wheel for less: Skip the down payment with 100% financing for approved borrowers. 
  • Low new and used auto loan rates: You’ll need to drive a long way to find better rates.
  • Rates and terms to suit your budget: The longer you go, the lower your monthly payment. Check out our 96 month auto loan option!

Have a particular model in mind? Our FREE car-buying concierge service will help you locate a car that meets your needs and budget.

Ready for auto financing that gets you there? Click below to get started.
 

Apply Now

"Came in for a truck loan and in 1 day got my approval, signed the loan and most importantly got a great low interest rate. The entire team at Powerfi Juno beach is friendly, informative and engaged in meeting your needs."

– Vincent D., Miami, Florida



See Power Financial Credit Union’s Easy Application Process for Car Loans!

Step 1

Apply

You can apply online, in-branch or by speaking with one of our trusted advisors.
Step 2

Get Pre-Approved

We'll review your auto loan application and, if approved, offer you a loan amount and rate for your preferred term.
Step 3

Shop for Your Car!

Now you're set to negotiate at the dealership. We'll give you the funds once you find the right vehicle.
Apply Now

FAQs About Auto Loans

Accordion Section

You can use our auto loan to a buy new or used:
 
  • Car
  • Truck
  • Minivan
  • SUV and more
Yes, we’ve simplified the car buying experience by partnering with an industry leader, Auto Advisors. With this FREE member-only, concierge car buying service you can:
 
  • Get an extra 0.25% off your approved interest rate when you purchase your vehicle using Auto Advisors
  • Get the most for your trade-in
  • Find a hassle-free deal that fits your budget
They will even deliver your vehicle to your home or office for a completely safe and contactless experience. Find a car.
Yes, we welcome auto loan refinancing because we want you to save as much money as possible. Here's what you need to do:
 
  • Get pre-approved for a Power Financial Credit Union auto loan and compare the rate we offer you with the rate you're currently paying – see how much you can save on interest.
  • Choose a new loan term to get the payment you want and sign the new loan contract.
  • We'll give you the funds to pay off your old car loan and then you start making payments on your new loan.
Power Financial Credit Union offers competitive car loan rates based on your credit score and overall financial situation, including your loan-to-value (LTV) ratio. The better your credit, the lower your rate.

Other factors that affect your annual percentage rate (APR) include:
 
  • The loan term you choose (shorter terms get lower rates)
  • Whether your vehicle is new or pre-owned (newer vehicles get lower rates)
Getting auto loan pre-approval puts you in the driver's seat when it comes to negotiating a good deal. Here's why:
 
  • The seller will take you seriously as a buyer.
  • You won't have to watch out for hidden fees that sometimes get rolled into the sticker price when you get a car loan through the dealership.
  • You can find out exactly what car payment you can afford in advance, so you buy a vehicle within your budget and can comfortably afford your loan.
It can be challenging to get approved for a car loan when you don’t have a credit history, but that’s exactly why programs like PFCU’s First-Time Auto Buyer Program exist.

This program is designed to help first-time buyers with little or no credit history get behind the wheel. With flexible requirements and affordable terms, it makes car ownership more accessible, so you can focus on the excitement of your first ride, not the stress of financing it.
Any member of Power Financial Credit Union is welcome to apply for an auto loan.

Our membership consists of those who: live, work or go to school in Broward, Charlotte, Collier, Lee, Martin, Miami-Dade, Monroe, Palm Beach County, Hillsborough, Manatee, Pinellas, Sarasota or St. Lucie counties.

Immediate family of all current members are also eligible to join.

We are also proud to offer membership to our Select Employee Groups. Employees of Ryder System, Inc., FPL/NextEra Energy as well as members and employees of Bonefish & Tarpon Trust—no matter where they are located—are always welcome to join.

Resources to Protect Your Vehicle and Auto Loan

Auto Insurance

We've partnered with Travelers and TruStage so you get to choose which auto insurance works best for your needs. Enjoy member discounts, a 24/7 claims service, and easy payments.
Learn More

GAP Insurance

Guaranteed Asset Protection (GAP) insurance covers the difference between your insurance and loan in case of a serious accident. Plus, members get a discount.
Learn More

Mechanical Breakdown Protection

Whether you have a new or pre-owned vehicle, there's no reason repairs should break your budget. Extend your warranty, get roadside service, and more
Learn More

Depreciation Protection Waiver

Protect your vehicle’s equity and ensure you’re not caught with an outstanding loan balance if your car is totaled.
Learn More

Page Disclaimers

New Auto Rates: 1Eligibility for the lowest rate is based on credit worthiness, year of vehicle, ability to repay, credit score, down payment and loan to value. Example: With a 66-month, $20,000 auto loan at 5.00% APR, you would make 66 monthly payment of $347.23. Interest rates include a .25% discount for automatic payment from your Power Financial Credit Union account and a .25% discount for previous Power Financial Credit Union borrowers. Other conditions may apply. Rates are subject to change at any time. New Autos are defined as current and prior year models that have never been titled. Minimum loan amount of $7,501 to qualify for lowest advertised rate.

Used Auto Rates: 1Eligibility for the lowest rate is based on credit worthiness, year of vehicle, ability to repay, credit score, down payment and loan to value. Example: With a 66-month, $20,000 auto loan at 5.25% APR, you would make 66 monthly payment of $349.54. A fee of $350 will be charged when an existing Power Financial Credit Union auto loan is being refinanced. Interest rates include a .25% discount for automatic payment from your Power Financial Credit Union account and a .25% discount for previous Power Financial Credit Union borrowers. Other conditions may apply. Rates are subject to change at any time. Minimum loan amount of $7,501 to qualify for lowest advertised rate.

*The additional 0.25% auto loan rate discount is only valid for loans that close with a vehicle sourced through Auto Advisors.

**No payment for 90 days is subject to approval. Members may enjoy no payments for up to 90 days from the date the contract is funded. Finance charges begin on the date the loan is made and interest accrues during payment deferral period.