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Salal Credit Union

Auto & Recreational Loans

Most people enjoy the research involved in finding their perfect vehicle – building cars online, taking test drives, and reading consumer reviews. It’s the purchasing process they find intimidating.

We recommend starting with a quick and easy preapproval from Salal so you’ll know the purchase price you’re qualified to buy. This will help you shop confidently at the dealership and give you more bargaining power so you can focus on getting the best price on your vehicle.

Benefits of using Salal for your next auto loan:

  • Competitive rates, flexible terms
  • Boat, motorcycle and RV loans available
  • Fast preapproval
  • Refinancing available
  • Convenient payment options
  • Hybrid and electric vehicle (auto, truck, and SUV only) loans automatically receive a 0.25% rate discount.

Already have a car loan? We refinance. Call 800.562.5515 or visit your nearest branch to find out if you could save money by refinancing your current auto loan with Salal.

You can apply for an Auto Loan and Recreational Loan using our secure online application portal.

APPLY FOR AN AUTO LOAN NOW

 

APR = Annual Percentage Rate. Rates are current as of December 6th, 2022, and are subject to change at any time.

Auto Loans

ProductAPR¹CommentsTerms⁵
5.99% - 11.99%²Rates increase without automatic payment³; Rates decrease for hybrid and EV loans⁴.Up to 84 months
6.24% - 12.24%²Rates increase without automatic payment³; Rates decrease for hybrid and EV loans⁴.Up to 84 months

Boat, RV & Motorcycle Loans

ProductYearAPRComments*Terms**
BOATS & RVsNew units that have never been titled or licensed7.74% - 12.74%Rates adjust without automatic paymentUp to 72 months
Used units that have been titled or licensed7.74% - 12.74%Rates adjust without automatic paymentUp to 72 months
Older than 7 years8.49% - 12.49%Rates adjust without automatic paymentUp to 60 months
MOTORCYCLESNew units that have never been titled or licensed8.99% - 12.99%Rates adjust without automatic paymentUp to 72 months
Used units that have been titled or licensed8.99% - 12.99%Rates adjust without automatic paymentUp to 72 months
Actual APR will be based on creditworthiness and the term of the loan.

*Rates for loans without automatic payment will increase by 0.25%. Refer to the Credit & Security agreement for specific disclosures.

**Terms are based on the loan amount.

Maximum term and loan-to-value based on approved credit. New boat/RV value based on Manufacturer's Suggested Retail Price. Used boat/RV value based on NADA retail marine surveys and may be required on boats. Preferred Marine Mortgages required on boat loans above $50,000. Collision and comprehensive insurance required.

EXAMPLE PAYMENTS: New & Used Motorcycles: $209.98 a month based on a 60-month, $10,000 loan at 9.49% APR; Boats & RVs: $525.88 a month based on a 72-month, $30,000 loan at 7.99% APR; Used Boats & RVs: $360.43 a month based on a 72-month, $20,000 loan at 8.99% APR.