Auto First Time Auto Buyers

Shop for your first car with confidence!

We know that first-time auto buyers don’t typically get the best or most flexible loan offer. That’s why we’ve made a product just for you to get your first car and on the road to success. This loan is specifically for those with no qualifying auto credit, no derogatory credit, and no available co-borrower, and applies to both new and used autos.

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No Credit Needed

Little or no credit? No problem. we’ll help you build your credit responsibly.

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Flexible Terms

Flexible repayment terms up to 60 months of financing available.Other restrictions may apply. Auto models new or up to four years old have terms up to 60 months. Models up to seven years old have terms up to 48 months. Membership with Arkansas Federal Credit Union is required for this offer.

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Up to 90% Financing

We’ll finance up to 90% of your total sales price.

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It’s Easy to Qualify

  • A member of Arkansas Federal for at least three months
  • Have one year of job history with proof of income
  • Put 10% cash down (based on sales price)
  • Must finance sales tax or provide proof of payment
  • Proof of auto insurance

New & Used Autos

  • Maximum of $15,000 total financed amount, and up to 90% MSRP (including taxes and all other applicable fees)
  • Terms up to 60 months (New or up to four year old models)
  • Terms up to 48 months (Vehicles up to seven years old)
  • No prepayment penalties
  • Payments can be made by phone, mail, in person or through Online Banking
  • Rates are determined by the age of the vehicle and the loan-to-value (LTV)
  • Call for current rates

Get started today. It's easy!

Apply online in under 20 minutes. There’s no cost to apply and the application process is easy.
Have questions? Call us at 800.456.3000 or visit your local branch.