Here is what you need to do to get a First-Time Car Buyer Loan:*
- Work hard. This loan is for individuals who have a steady, full-time job, but little or no credit history.
- Save up. You’ll need to make a down payment of at least 20 percent on the vehicle.
- Show proof. We’ll need to verify your income and length of employment.
- Win admirers. Provide us with references who can speak to your character and work ethic.
It’s Time You Have Your Own Ride
Ah, that first car. Like our first love, we remember it forever. It’s not the make, model and color that are so important. It’s the mobility, the opportunity to hold a job, go to school, be with friends and family. It can be hard to convince folks – lenders included – that you’re ready for car ownership. But with our First-Time Car Buyer Loan program, if you can prove to us that you’re a responsible person, we’re willing to lend money at competitive rates and help you get where you want to go.
Workers Credit Union provides in-person banking services and financial coaching at locations in Worcester, Lowell, Fitchburg, Gardner, Chelmsford, Westford, Groton, Townsend, Lunenburg, Lancaster, Leominster, Athol, Hudson, and Orange, MA.Apply for your First-Time Car Buyer Loan online or contact us with any questions.