Our new First Time Car Buyer Auto Loan is designed to help you afford the car you need while helping you maintain financial independence. If you are a teenager in high school or a college student needing some wheels, we have the loan for you.
Our rates are as low as 10.00% APR* for New Auto Loans and 10.25% APR for Used Auto Loans.
We want to help you finance your first car! For more information, click here to send us an e-mail or call 860.513.5000.
*APR = Annual Percentage Rate. Must show proof of employment of one year with the same employer, proof of income, and proof of insurance at the time of car loan closing. Rate discounts are reflected in the advertised rates. Students who maintain a GPA of 3.0 or higher will receive a 0.25% discount. Must show official school transcript to receive discounts on rate. Loan will be reviewed annually. There is a 0.25% rate discount for automatic loan payments from a Nutmeg Checking account. Credit Union will only finance 90% Loan to Value of vehicle. This offer does not apply to existing Nutmeg State Federal Credit Union loans. Vehicle purchase price not to exceed $20,000 new vehicle or $15,000 used vehicle. Vehicle must be a 2008 model year or newer with less than 90,000 miles. Loan term not to exceed 60 months. Other terms and conditions may apply. We are an equal opportunity lender.