Vehicle Loans in Maine
Save money on new or used vehicle financing with our competitive rates! With a variety of terms and flexible payment options, we can offer a loan that works with your budget. Already have an auto loan? We'll do our best to help you save money with auto loan refinancing. Apply today for a quick loan decision and personalized support to help you get behind the wheel with a great deal.
Apply for an Auto Loan Compare Rates
Discover the Benefits of an Auto Loan with OFCU
Convenient Application Options
Apply online, by phone, or stop by a branch. Already an OFCU member? You can apply from within digital banking.
Sign Documents Electronically
Take advantage of the option to sign documents electronically to quickly finalize your auto loan.
Flexible Payment Schedules
Select the payment schedule that works for you! Choose weekly, bi-weekly, or monthly payments.
Competitive Rates
Save money on your loan! As a not-for-profit member-owned cooperative organization, we often have lower auto loan rates than other lenders.
Flexible Terms
Terms of up to 83 months** are available to help you get affordable monthly payments.
Auto Loan Refinancing
Keep more of your hard-earned money by refinancing with a better rate or a better loan term.
FIND YOUR NEW RIDE
Auto Loans
Financing a new or used vehicle has never been easier! With our convenient auto loans, you don't even have to step into a branch. Almost everything can be done online, including signing documents electronically. Our competitive rates help you save, and our flexible terms** and payment schedules also help you get payments that work for your budget.
FIND YOUR NEXT ADVENTURE
Recreational Vehicle Loan
Experience the excitement and adventure of the great outdoors in Maine! Whether it's an ATV, RV, boat, motorcycle, or another fun ride, our quick loan decisions can help you hit the road, water, or trails fast. There is no application fee, and our low interest rates mean you can make affordable payments while making new memories with friends and family.
Get an Auto Loan in 3 Easy Steps!
Step
1 |
Apply for an Auto Loan
Conveniently apply for an auto loan online by clicking the button below, giving us a call or visiting a branch. |
Step
2 |
Loan Approval
We’ll review your application and reach out to you quickly with a loan decision. |
Step
3 |
Finalize the Loan
Sign loan documents electronically or with a closing appointment in a branch. |
Our Enhanced Vehicle Protections
CUT YOUR REPAIR BILLS
Route 66 Extended Warranty
Make sure your vehicle is covered after the dealer and manufacturer warranties end!
- Affordable protection for all makes and models
- No deductible on covered parts and labor
- Includes 24/7 emergency road service
- Includes towing, flat tire assistance, battery jump, lock-out service and more
- Expanded coverage for vehicles with high mileage (over 100,000)
- Reduces out-of-pocket costs for unexpected repairs
- Rental car reimbursement included
- Plan can be transferred to other vehicles
- 30-day money-back guarantee
PROTECT YOUR INVESTMENT
Guaranteed Auto Protection (GAP Plus)
GAP Plus covers the difference between your vehicle's value and the remaining loan balance if it is totaled or stolen. Affordable GAP Plus coverage can be included in your monthly loan payment, and it can also be added at any time before your loan is paid off.
TotalRestart
We often don’t realize just how fast a vehicle loses value until it’s wrecked. TotalRestart can restore lost equity in a totaled vehicle due to depreciation. Yes, even with GAP. Because while GAP helps cover the outstanding loan balance, it won't replace a borrower's down payment. TotalRestart Equity Protection provides the funding to help borrowers get back on the road in a similar vehicle.
PROTECT YOUR FINANCES
Debt Protection
If you pass away or are disabled, Debt Protection will cover some or all of the remaining loan balance. Debt Protection with Life Plus provides additional coverage for accidental dismemberment, a terminal illness, hospital or family medical leave, or the death of a non-protected dependent.
★★★★★
“I love the Credit Union and will never go back to a "regular" bank. Wonderful and friendly people to serve your needs.”
- Wanda K.
Auto Loan FAQ
How do I qualify for an Oxford Federal Credit Union auto loan?
Auto loan approval depends on a variety of factors, such as your credit, income, employment history, and your current debts. We also know that every situation is different, so our Loan Specialists will work to find a loan that is right for you.
How long can I finance a vehicle?
With an Oxford Federal Credit Union car loan, terms of up to 83 months* are available to help you get loan payments that work for your budget.
Can I refinance a car loan with Oxford Federal Credit Union?
Absolutely! We'd love to see if we can save you money on your auto loan.
Do auto loans have fixed or variable interest rates?
Our auto loans have fixed interest rates. With a fixed rate, you can budget for monthly payments that won’t change.
Can I get pre-approved for a vehicle loan?
Yes! If you come to us before you shop and are pre-approved, we'll give you a blank check that can be used to buy a new or used auto at any licensed dealership, up to your agreed-upon limit. You’ll know in advance what you can spend and what your payments will be.
Can I finance a used car?
Yes, many used vehicles qualify for an Oxford Federal Credit Union used car loan. It depends on the vehicle’s model year, mileage, and value.
Do I qualify for membership with Oxford Federal Credit Union?
Membership is open to anyone who lives, works, worships, or goes to school in these Maine counties: Androscoggin, Cumberland, Franklin, Kennebec, Knox, Lincoln, Oxford, Sagadahoc, Somerset, and York. You're also eligible if you're an immediate family member or share a residence with someone who is already an OFCU member.
Have a Question? Give Us a Call
More Ways to Borrow
Recreational Loans
Explore the great outdoors with a motorhome, camper, boat, and other recreational vehicles. Enjoy flexible terms of up to 144 months with our recreational loans** and competitive rates to help you save.
Personal Loans
Whether you need to consolidate debt, cover unexpected expenses, or make a major purchase, our personal loans can help you quickly get the funds you need.
Home Loans
Home loans with our partner CUSO Home Lending feature low down payments, fast application processing and expert guidance from lending professionals.
*Annual Percentage Rate
**Auto loans with terms of 72-83 months require a minimum loan amount of $15k.
***Recreational vehicle loans with terms of 84 months or greater require a minimum loan amount of $30k.
Recreational vehicles include motorhomes, campers, boats, motorcycles, ATVs, snowmobiles, jet skis, etc.
New = 2025 and 2024, or 2023 with less than 10,000 miles
New Autos = 2025 and 2024, or 2023 with less than 10,000 miles
Used = 2014 or Newer
Any financial investment, warranty, credit insurance, or other products or services (“products”) that are provided by third parties or any affiliates are not products of Oxford Federal Credit Union. If the purchase of the same is facilitated by or through Oxford Federal Credit Union financing, it is merely a convenience to the borrower(s) and in no way creates any contractual or other relationship between the borrower(s) and Oxford Federal Credit Union with regard to any such products. Any rights, obligations, or claims with regard to such products shall be solely and exclusively by and between the party providing such products as may be set forth in any applicable contracts, agreements or otherwise, and Oxford Federal Credit Union shall have no obligations, responsibilities, duties, or liabilities whatsoever regarding the same.
Oxford Federal Credit Union is a full-service financial institution serving members in Androscoggin, Cumberland, Franklin, Kennebec, Knox, Lincoln, Oxford, Sagadahoc, Somerset, and York counties in Maine.