Auto Loans

Community First Credit Union membership is open to anyone who lives, works, or attends school in one of the following Florida counties: Baker, Brevard, Broward, Clay, Duval, Flagler, Indian River, Lake, Martin, Nassau, Orange, Palm Beach, Putnam, Seminole, St. Johns, St. Lucie, or Volusia.

Membership is also open to any relative of an existing or eligible Community First Credit Union of Florida member. We also offer membership to select employer groups, including employees of Brooks Rehabilitation, Miller Electric Company, and Web.com. Not sure if you qualify? Contact us.

To apply online for an auto loan or at one of our branches, you generally need to provide the following information:

• Valid United States Driver's License, Permanent Resident Card, or United States Passport
• Your income
• Your address and proof of residence
• The make and model of the vehicle you want to finance.
• The desired loan amount and terms

Other documentation may be needed depending on your specific financial situation, but the information above is a good starting point and can make it easier to applyfor a loan. Read our helpful guide on qualifying for an auto loan.

To get the best auto loan interest rate for a used car, you need a higher credit score and a shorter loan term. At Community First, we offer loans for vehicles up to 13 years old, but interest rates are higher than if you are buying a new car. Check the model year of the vehicle you want to purchase, assess its current value, and be mindful of the LTV (loan to value) ratio. See our current rates for older used vehicles.

You can apply for a Auto Loan online or in a branch. It takes minutes to complete the application, and eligible borrowers receive approvals in minutes.

Because it is harder for a lender to assess the value and condition of a used car. Buyers must also be aware of the value of an older vehicle because of the loan to value ratio. With prices rising and interest rates fluctuating, a buyer may end up owing more on a loan than the vehicle is actually worth on the market.