Auto Loans - Car Loans | Metro Federal Credit Union

Auto Loan Info

Whether you're buying a new or used vehicle or refinancing your current auto loan, METRO makes financing simple. We offer competitive rates, flexible financing, fast local decisions, and personalized service from a local team that's here to help every step of the way.

Get pre-approved before you shop so you know your budget and can shop with confidence.

Ready to get started? Apply online, visit a METRO branch, or call 847-670-0456, ext. 2 to speak with our lending team. Prefer paper? Download our fillable loan application (PDF).

We Make Buying Your Next Car Easy.

Shop online for your next car with METRO's car buying service. Browse millions of vehicles nationwide and get access to free Carfax or comparison reports instantly!

Use the calculators below to find the payment that works for you, or find out how much you can save by refinancing your loan at METRO.

Auto Loan Features

Flexible terms with low monthly payments

Quick and easy loan application

No prepayment penalties - reduce your interest by paying early

Low rates and special rate discounts

Personal services

Available loan and payment protection options

How to Apply

No matter what type of auto loan you want, the application process is the same.
It’s as easy as 1, 2, 3!

Apply Online

Apply online and complete our secure loan application. We’ll contact you to confirm your loan request and let you know if we need more information.

Get Your Pre-Approval

After we’ve reviewed your loan application, we’ll give you a Pre-Approval. This way you can start shopping for a car, or request the appropriate paperwork for refinance or lease buy-out.

Finalize Your Loan

Once we receive either a Bill of Sale, your payoff letter for a refinance, or your leasing buyout paperwork, we can finalize your loan at Metro!

Loan Options

We do it all!

New Auto

Avoid hours at the dealership! Metro has competitive rates, flexible terms, and a friendly approval processes.

Used Auto

Whether its a dealership or private party purchase, let Metro help you finance your next used vehicle.

Refinance

Refinancing your auto loan with METRO can potentially lower your interest rate, saving you money over the life of the loan.

Lease Buyout

Buy out your lease agreement to capitalize on favorable financing options, avoid potential leasing penalties, and gain full ownership of your vehicle.

Loan Protection

Given life’s uncertainties, it’s easy to see why more people are turning to financial protection to safeguard their family’s financial well-being. Metro has the following options available to help with the unknown.

Gap Protection

Guaranteed Asset Protection is for the difference between the value of your vehicle and your loan - that insurance typically doesn’t cover.

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Mechanical Repair Coverage

MRC can pick up where your warranty policy leaved off and covers repairs so you save out of pocket costs.

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Credit Insurance

Credit Disability and Credit Life Insurance may make your loan payments in the event of disability or even your death.

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Trustage Insurance Products

Insurance protection is part of a solid financial plan. From getting a good rate on coverage for your car to making sure your life insurance is adequate, dependable insurance coverage ensures financial relief when you need it. And along the way, you’ll take comfort in knowing you’re protected.

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Financial Tips for Life’s Busy Years

No matter where you are on your financial journey, planning ahead can make a big difference. Here we explore budgeting and financial planning strategies for adults in their 40s and 50s—a time when many people are balancing career growth, family responsibilities, debt repayment, college expenses, and retirement planning all at once.

More Details about Financial Tips for Life’s Busy Years