Loans
Updated 4/1/24
Loans We Offer
New Vehicle
| Term | APR* |
|---|---|
| 73-84 Months1 | 6.50% |
| 61-72 Months | 6.25% |
| 49-60 Months | 6.00% |
| 37-48 Months | 5.75% |
| 1-36 Months | 5.50% |
Used Vehicle
| Age | Term | APR* |
|---|---|---|
| 1-2 Model Years old | 84 Months1 | 6.75% |
| 1-2 Model Years old | 72 Months | 6.50% |
| 3-5 Model Years old | 72 Months | 7.00% |
| 6-8 Model Years old | 60 Months | 7.25% |
| 9-20 Model Years old# | 48 Months | 8.25% |
| Classic/Antique Vehicles## | Call | Call |
New Motorcycle
| Term | APR* |
|---|---|
| 72 Months | 6.50% |
Used Motorcycle
(Based on JD Power/NADA Retail Value)
| Age | APR* |
|---|---|
| 1 Model Year old | 6.75% |
| 2-5 Model Years old | 7.00% |
New Powersport⁴
(ATV/UTV/Dirt Bike/Jet Ski/Snowmobile)
| Term | APR* |
|---|---|
| 72 Months | 6.50% |
Used Powersport⁴
(Based on JD Power/NADA Value)
| Age | Term | APR* |
|---|---|---|
| 1-3 Model Years old | 66 Months | 6.75% |
New Boat⁴
| Term | APR* |
|---|---|
| 73-84 Months | 6.75% |
| 61-72 Months | 6.50% |
| 1-60 Months | 6.25% |
Used Boat⁴
(Based on JD Power/NADA Retail Value)
| Age | Term | APR* |
|---|---|---|
| 1-3 Model Years old | 66 Months | 7.00% |
New Recreational Vehicle "RV"
(Camper/Travel Trailer/Fifth Wheel/Motorhome/Toy Hauler/Tent Trailer)
| Term | APR* |
|---|---|
| 85-120 Months2 | 7.00% |
| 1-84 Months | 6.50% |
Used Recreational Vehicle "RV"
(Based on JD Power/NADA Retail Value)
| Age | Term | APR* |
|---|---|---|
| 1-2 Model Years old | 85-120 Months2 | 7.50% |
| 3-5 Model Years old | 66 Months | 7.75% |
New Trailer
(Cargo/Box/Boat/Horse/Dump/Utility)
| Term | APR* |
|---|---|
| 84 Months | 7.00% |
Outdoor Power Equipment⁴
(Tractor/Farm/Lawn/Excavation)
| Term | APR* |
|---|---|
| 120 Months3 | 7.00% |
Share Secured
| Term | APR* |
|---|---|
| 120 Months | 3.50% |
Unsecured Personal
| Type | Maximum | Term | APR* |
|---|---|---|---|
| Signature Loan5 | $10,000 Maximum | 84 Months | 10.00% |
| Co-signer Loan | $20,000 Maximum | 84 Months | 10.00% |
Disclaimers
No branded or salvaged titles
All collateral must have a lien placed on the title showing Hope Federal Credit Union listed as lienholder
All vehicles, including outdoor power equipment, must be insured under a comprehensive insurance policy
APR = Annual Percentage Rate
Vehicle loan terms determined by value of the collateral
$50.00 minimum monthly payment on ALL loans
Members are required to purchase a CARFAX History Report from the credit union when financing through an individual seller. See credit union for more information and pricing
¹Minimum of $25,000 financed for 73-84 month term
²Minimum of $30,000 financed for 85-120 month term
³Minimum of $5,000 financed
⁴Member will pay WV Secretary of State UCC Filing Fee ($25.00)
⁵A Signature Loan is not available to any member that has a Cosigner Loan
#Maximum Financed is 80% of NADA/JD Power Retail Value
##Additional appraisal/valuation may be required