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 with little established credit history, buying your first car can be difficult. Let us help make the process easy with our First Time Car Buyer Program. Only limited credit history required, and you can receive rate reductions if you are a student!* Rates as low as:
- 10.00% APR* for new car purchases
- 10.25% APR* for used car purchases
To apply today, click here. For more information, click here to send us an e-mail or call 860.513.5000 to speak to a loan representative. *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 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. Other discounts include 0.25% discount with a checking account and full direct deposit, and 0.25% discount for automatic payment of the loan. 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 2006 model year or newer with less than 90,000 miles. Loan term not to exceed 60 month. Other terms and conditions may apply. We are an equal opportunity lender.