Competitive Rates for Your New Ride
Finance your next new or used car and secure the lowest rates with Cyprus Credit Union.
With the Dream Auto Loan Program, set up automatic payments from your Dream Rewards Checking account or enroll in our online Home Banking service to unlock more savings.
Why finance your car with Cyprus Credit Union?
Whether you're buying a new or used car, refinancing for a lower rate, or even need to shop around, with Cyprus Credit Union, you're getting a convenient, smooth process and the local service you need to get on the open road faster.
Start your application today and unlock these great features:
- Financing terms for new and used cars up to 84 months
- Stress-free buying with AutoSMART and PLUS dealerships
- Online loan management through Home and Mobile Banking
- Earn rewards points with on-time payments with a Dream Rewards Checking account
- Guaranteed Asset Protection (GAP) Major Mechanical Protection (MMP)
Benefits of Financing Your Car with Cyprus Credit Union
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Rate Reduction for On-Time Payments
Members with credit scores below 750 can reduce their interest rate after six months of timely payments. Available with a Dream Rewards Checking account.
Rate Match Guarantee
If you find a lower rate at another Utah credit union for a similar product, we'll match it. Available with a Dream Rewards Checking account.
Low Rates & Flexible Terms
We provide some of the lowest rates to get you a great deal. And choose from convenient repayment terms suitable for both new and used vehicles.
Quick & Convenient
Same-day funding available in most cases. Sign your loan documents from home and set up automatic payments for ultimate convenience.
New & Used Cars and Trucks Loan Rates
| Vehicle Year | Loan Term | APR as low as |
|---|---|---|
| 2017-2027 | Up to 60 months | 4.99% |
| 2017-2027 | 61 to 72 months | 5.24% |
| 2017-2027 | 73 to 84 months | 5.99% |
Advertised APR includes a 0.50% loan-rate discount for qualifying Dream Rewards Checking relationships. Other terms and conditions may apply.
What You Need to Apply for an Auto Loan with Cyprus Credit Union
We're here to make the process go quick and easy. Apply for your auto loan or RV loan or get pre-approved with several ways to start the process:
- Apply in Home Banking.
- Call us at 801-260-7700
Depending on the type of financing you're looking for, here's what you need to speed up your application and get on the open road faster.
Dealer Purchase
- Copy of purchase order that includes complete vehicle description, VIN, along with breakdown of all cost such as sales tax, registration, trade-in, etc.
- Proof of insurance - Agency's name, phone number, agent's name, and policy number
- Proof of income (May be needed)
Private Party Purchase
- Information about the vehicle - VIN, make, model, year, mileage and options
- Seller's information - Name and phone number
- Copy of vehicle registration or title if no lien holder
- Seller's lien holder information - financial institution name, phone number, payoff address and account number
- Proof of insurance - Agency's name, phone number, agent's name and policy number
- Proof of income (May be needed)
Refinancing
- Information about your vehicle - VIN, make, model, year, mileage and options
- Copy of vehicle registration
- Current financial institution's name, phone number, payoff address and account number
- 20 day loan payoff amount
- Proof of insurance - Agency's name, phone number, agent's name and policy number
- Proof of income (May be needed)
Car Title Loan
- Information about the vehicle - VIN, make, model, year, mileage, and options
- Copy of vehicle registration and title (physical title presented at loan closing)
- Proof of insurance - Agency's name, phone number, agent's name, and policy number
- Proof of income (May be needed)
More Loan Options for You
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RV, ATV, & Motorcycle Loans
Hit the road or the water faster with competitive loan rates for your recreational vehicles, and enjoy flexible terms and big savings.
Signature Loans
Affordable personal loans to consolidate debt, cover medical expenses, or take some time off, with competitive rates and flexible repayment options.
Home Equity Loans
Borrow up to 100% of your home's value into a revolving line of credit you can draw funds from at any time to make large purchases.
Auto Loans FAQs
How long does auto loan approval take?
While approval may depend on any number of factors. With Cyprus Credit Union, in many cases, you can get approved and access funds as soon as the same day.
Can I refinance my car loan?
Yes, you can refinance your car loan to get a lower rate. And with Cyprus Credit Union, you can potentially secure competitively low rates and even earn a rate reduction after six months of on-time payments.
Do I need a down payment?
While a down payment is not required, it’s recommended you put down at least 10-15% of the car’s value to boost your approval odds and secure more cost-effective loan terms.
What do I need to apply for an auto loan?
While requirements may vary depending on loan type, typically, to apply for an auto loan, you need vehicle information, proof of income, valid identification, proof of residence, and proof of insurance.
Can I finance a private party vehicle purchase?
Yes, you can finance when purchasing a vehicle from a private party. Since you’re not going through a dealership, you work directly with the lender, and different documents and requirements may apply.
Ready to get behind the wheel?
Start your new or used auto application with Cyprus Credit Union today! You can apply here, contact our lending team at 801-260-7700, or request Cyprus CU financing at the dealership when purchasing your vehicle.
