First Time Auto Buyers Program

Dreaming of your first car?

We can help make that happen.

Auto Loan Rates

As low as

5.64

APR*
Up to 90% financing
Woman with car`s keys on the hand
Up to 90% financing

Auto Loan Rates

As low as

5.64

APR*
Up to 90% financing

First Time Auto Buyers Program

If you’re ready to make your first car a reality, we’ve got your back! No extensive credit history or hefty down payment. No problem! Get behind the wheel with a $500 down payment, excellent rates, and low monthly payment.
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Highlights

Reduce your environmental impact

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Generous Loan Amounts

Get your dream car—up to 90% financing

Exclusive Member Offer

We help members get rolling with their first loan

Achieve Financial Success

Learn more about building credit

Boost Credit Score

On-time payments could improve your credit profile

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Reduce your environmental impact

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No Credit? No Problem!

Get a loan without an extensive credit history

Learning

Learn how to buy your first car

Exclusive Member Offer

An exclusive program we only offer to our members

High-Value Loans

Loans up to 90% of the purchase price

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Rates & Fees

New Auto
Used Auto

Loan calculator

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Monthly Payment

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Our tips for first-time car buyers

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Do's

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Determine your vehicle needs
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Evaluate different body styles
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Decide new or used cars
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Determine your budget

Avoid

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Overextending your budget
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Rushing your decision
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Ignoring the fine print
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Forgetting to check vehicle history

Knowledge that gives you the power

Navigating the car buying process: a guide for first-time buyers

If you’re a first-time car buyer, you may know it can be daunting to navigate the car buying process. In this blog we’ll give you the information you need to make an informed decision.

Is it time to refinance your ride?

With Individuals feeling the impact of rising inflation and the cost of gas, one way to access funds is utilizing your vehicle’s equity with a cash-out refinance.

Refinancing to save

Why should you refinance your vehicle? Depending on your current financial situation, and your goals, refinancing could save you money.

Next exit: new car

How far away is your new car? While it can seem daunting to shop for a new car, we have your back.

Navigating the car buying process: a guide for first-time buyers

If you’re a first-time car buyer, you may know it can be daunting to navigate the car buying process. In this blog we’ll give you the information you need to make an informed decision.

Refinancing to save

Why should you refinance your vehicle? Depending on your current financial situation, and your goals, refinancing could save you money.

Is it time to refinance your ride?

With Individuals feeling the impact of rising inflation and the cost of gas, one way to access funds is utilizing your vehicle’s equity with a cash-out refinance.

Next exit: new car

How far away is your new car? While it can seem daunting to shop for a new car, we have your back.

Frequently asked questions

What are the loan requirements for the First Time Auto Buyer Program?

These are a few of the requirements:

  • You must be a Yolo Federal member for at least 3 months and be in good standing with an active Checking Account.
  • You must have a minimum of 6 months at your current job, and provide proof of income.
  • No derogatory credit history or have had an Auto Loan.

You could get a loan for up to 90% of the purchase price or value (whichever is less), with minimum $500 cash down payment.

How much can I get a loan for?

You could get a loan for up to 90% of the purchase price or value (whichever is less), with minimum $500 cash down payment.

Ready to apply?

Have questions? We are here to help.

Everyone who lives, works, worships, or attends school in Yolo,
Sacramento, Placer,
or El Dorado counties is eligible for membership.
Everyone who lives, works, worships, or attends school in Yolo, Sacramento, Placer, or El Dorado counties is eligible for membership.