First Northern Credit Union - Vehicle Loans
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APR As Low As:*
New Vehicle Loans
(For Driving Sense and Auto Equity Programs, please contact a Financial Services Advisor.)
24 months 1.99% APR
36 months 2.49% APR
48 months 2.79% APR
60 months 2.99% APR
72 months 3.99% APR
Used Vehicle Loans
(2006 models or newer)
(For Driving Sense and Auto Equity Programs, please contact a Financial Services Advisor.)
Up to 60 months 2.99% APR
Used Vehicle Loans
(Pre-2006 / $10,000.00+)
(For Driving Sense and Auto Equity Programs, please contact a Financial Services Advisor.)
Up to 60 months 5.99% APR
Motorcycle Loans
$10,000 and up
New 4.99% APR
Used 5.25% APR
Motorcycle Loans
under $10,000
New 5.25% APR
Used 6.99% APR
APR = Annual Percentage Rate

*Subject to credit approval. Rates are subject to Lender's credit criteria, certain conditions, and restrictions. Your rate and corresponding Annual Percentage Rate (APR) may be higher than the published rate. Rates are subject to change at any time without notice.
Rates subject to change. Fixed-rate repayment example: 6.04% APR for 60 months is $19.36 per $1,000 borrowed. As always, consult your tax advisor concerning interest deductibility. Some restrictions apply. See your Financial Service Advisor for details.
First Northern's Auto Equity Program

An Auto Equity Loan offers a significant benefit when compared to a traditional vehicle loan by adding the potential of a tax deduction on the interest you pay, whereas interest on a traditional vehicle loan is generally not.

If you own a home in Illinois and it is your primary residence and you currently have a vehicle loan greater than $10,000 or will be purchasing a vehicle having a loan balance of at least $10,000, then you may qualify for an Auto Equity Loan.

To take advantage of this program, simply call or visit First Northern for a pre-approval. Next, find the right dealer, private party or use Auto Buying Program, our free discount car buying service. Finally, make your best deal and let us handle the closing paperwork. The only difference is that First Northern will collect some information about your home, and will then place a "courtesy" lien on the property you own in Illinois. This is what makes the tax deduction a possibility.*

Again, First Northern does the legwork, and there’s no extra fee to you.

With First Northern’s Auto Equity Loan, you can:

  • Finance any new or used vehicle
  • Refinance your higher-rate vehicle loan held by another financial institution
  • Convert an existing vehicle loan at First Northern to an Auto Equity Loan
  • Take advantage of this product without fees involved
  • Prepay your loan with no penalties

If you've already found the perfect car or already own a car, consider an Auto Equity Loan from First Northern Credit Union. Remember, you will not find this alternative financing at the dealership

*Please consult a qualified tax consultant for tax advice, including determining tax deductions.


This page was last revised: 2/13/13