Used Auto Loans
A good used car, financed well
Rates from 4.59% APR, terms up to 84 months, and financing on vehicles up to eight model years old with no mileage cap on most makes.
Built for the used market
Used vehicles hold their value longer than they used to. Our terms reflect that instead of penalizing you for buying sensibly.
Terms up to 84 months
Longer terms are available on loans of $20,000 or more, which keeps the payment manageable on a late-model SUV or truck.
Eight model years back
We finance vehicles from the 2019 model year forward at standard rates. Older vehicles are still eligible, usually at a modest rate adjustment.
No mileage cap
A well-kept vehicle with 90,000 miles is still a good vehicle. We look at condition and value, not an arbitrary odometer cutoff.
Used auto rates and terms
Rates include the 0.25% discount for automatic payments from a Summit checking account.
Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only.
Before you buy
Know what you are signing
A used car deal has more moving parts than a new one. These are the things our lending team tells members to check before the pen comes out.
Common questions
How old can the vehicle be?
Standard used rates apply to vehicles eight model years old or newer. We still lend on older vehicles, typically at a rate 0.50% to 1.00% higher and on a shorter term.
Do you require a longer loan to be a certain size?
Terms of 73 to 84 months require a loan amount of at least $20,000. Below that, the longest available term is 72 months.
How much of the price will you finance?
Up to 120% of retail book value, which usually covers tax, title, and license. On vehicles with unusually high mileage we may cap the advance at 100%.
Can I buy from a private seller with this loan?
Private sales use our private party program, which handles the title transfer and lien recording between two individuals. The rate is 0.25% above the used rate for the same term.
Will you finance a certified pre-owned vehicle?
Yes, and CPO vehicles often appraise higher, which can help the loan-to-value math. The manufacturer's certification does not change your rate on its own.
Ready to make an offer?
Get approved first and negotiate on price alone. Our approvals are good for 45 days.