Our Hadley Branch will remain closed through at least Monday, October 19, due to ongoing water and plumbing issues. The drive-up Smart ATM remains open for your convenience, and includes the ability to deposit funds and make loan payments. All other branches remain open as usual during normal business hours. Access your accounts anytime through online and mobile banking.

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Auto Loans

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UMassFive auto loans offer flexible options for purchasing or refinancing a car, motorcycle, or RV.

Submit Your Application Online Schedule Appointment

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.*

  • Quick & Easy: An Intuitive Application

    Apply online. Quick, easy, and only once. What's more? Most members get a decision the same day.

  • Shorter & Lower

    Already own a car and working with another lender? We might be able to help you shorten your term, lower your rate, or both! *

  • Fair & Flexible: Terms that work

    • Financing up to 125%
    • Terms up to 84 months
    • Flexible payment options
    • No prepayment penalties

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 Loan Rates

ProductAnnual Percentage Rate (APR)APR with 2,500
Co-op Points		Max Term
 Rates Start at...  
Autos: New, Used, and Refinancing5.59%5.34%24 to 66 Months
Autos: New, Used, and Refinancing5.84%5.59%67 to 72 Months
Autos: New, Used, and Refinancing6.44%6.19%73 to 84 Months
The current prime rate is: 7.00%. Rates effective as of October 5, 2026. Rates subject to change at any time. 

Ready to apply for your Auto Loan?

Apply Online Apply by Phone Apply in Branch
Disclosures and additional details

Benefits

  1. GAP Insurance available for your protection (optional)
  2. 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.
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