Vehicle Loans

Let Greater Kinston Credit Union finance your next new or used vehicle. The Credit Union offers fixed-rate financing for new and used vehicles. Get in touch with one of our loan officers to discuss our financing options.

New Vehicle Loans

Let Greater Kinston Credit Union help put you in the driver’s seat.

  • Financing up to 110% of Manufacturer’s Suggested Retail Price (MSRP) to cover other purchase-related expenses such as tax, tags, extended warranties, etc.
  • Vehicle must be upcoming, current, or prior year model
  • Vehicle must have 10,000 miles or less
  • Maximum term of 84 months
  • Flooded / water damaged vehicles, vehicles with a salvage title, commercial vehicles, motorcycles, or RVs are not accepted as collateral
  • Collision and comprehensive insurance protection required on new vehicles with a maximum deductible of $500 for the duration of the loan term
  • Vehicle title will be held as collateral until the loan is repaid
  • Loan may be repaid at any time without penalty
  • Maximum loan amount $50,000
  • Lending is limited to residents of North Carolina
Terms
Interest Rate / APR1
Payment Example
Up to 36 months
37 to 60 Months
61 to 72 Months
73 to 84 Months

Used Vehicle Loans

Greater Kinston finances used vehicles to help members take advantage of the best deals on their next car.

  • Financing up to 110% of the NADA retail value to cover other purchase-related expenses such as tax, tags, extended warranties, etc.
  • Maximum term of 72 months based on model year and mileage
  • Vehicles may not be older than 10 years of age or have mileage in excess of 150,000 at time of origination
  • Vehicles that meet either of the following conditions are limited to a maximum term of 48 months:
    • Model years between 6 and 10 years old
    • Mileage that exceeds 100,000 miles, up to a maximum of 150,000 miles
  • Flooded / water damaged vehicles, vehicles with salvage title, commercial vehicles, motorcycles, or RVs are not accepted as collateral
  • Collision and comprehensive insurance protection required on used vehicles with a maximum deductible of $500 for the duration of the loan term
  • Vehicle title will be held as collateral until the loan is repaid
  • Loan may be repaid at any time without penalty
  • Maximum loan amount $50,000
  • Lending is limited to residents of North Carolina
Terms
Interest Rate / APR1
Payment Example
Up to 36 months
37 to 60 Months
61 to 72 Months
1APR = Annual Percentage Rate. APR is your cost over the loan term expressed as a rate. This is not your interest rate.