Lower Your Rate Even More With Co-op Points
That's right. With 2,500 Co-op Points, you can reduce your Auto Loan rate by 0.25%.
Auto Loans
UMassFive auto loans offer flexible options for purchasing or refinancing a car, motorcycle, or RV.
Are you looking for a car? Already have one?
Whatever your situation, we want to make your auto experience easy and accessible - and thanks to a wide range of options, we will get you behind the wheel in no time.
If you already own a car, we might be able to help shorten your existing terms and/or lower your existing rate through refinancing.*
Auto Loan Rates
| Product | Annual Percentage Rate (APR) | APR with 2,500 Co-op Points | Max Term |
|---|---|---|---|
| Rates Start at... | |||
| Autos: New, Used, and Refinancing | 5.59% | 5.34% | 24 to 66 Months |
| Autos: New, Used, and Refinancing | 5.84% | 5.59% | 67 to 72 Months |
| Autos: New, Used, and Refinancing | 6.44% | 6.19% | 73 to 84 Months |
| The current prime rate is: 6.75%. Rates effective as of September 21, 2026. Rates subject to change at any time. |
Disclosures and additional details
Benefits
- No prepayment penalties
- Automatic payment plan (optional)
- Quick decisions
- Automotive Protective Services
- GAP Insurance available for your protection (optional)
- Extended Auto Warranties (optional)
- TruStage Auto Insurance (optional)
- Financing up to 125% of either the Manufacturers Suggested Retail Price for a new car or the NADA retail value for a used car purchase
Disclosures
- Annual Percentage Rate (APR) and maximum loan-to-value based on your credit score, vehicle age, and vehicle mileage. Your actual rate may be higher.
- Payment example: 5.59% for 66 months equals $17.64 per $1,000 borrowed.
- Terms over 66 months are only available for loan amounts above $15,000.
- In order to keep our rates low, we do not offer refinancing on existing UMassFive Auto Loans.