Vehicle Loans
With Merck Employees Federal Credit Union, we offer flexible terms and no pressure! With terms as long as 72 months, we are committed to getting you on the road in a ride that best fits your style.
New Auto
Borrow up to 100% of the cost of a new vehicle including sales tax and other charges
Borrow up to 90% of the cost of a new vehicle including sales tax and other charges
Borrow up to 75% of purchase price of a new vehicle including sales tax and other charges
Refinance new car loans from other lenders up to 1 model year old
Used Auto
Borrow up to 100% of the Retail value as defined by the N.A.D.A. Used Vehicle Guide (prior 8 model years)
Borrow up to 100% of the Lending value as defined by the N.A.D.A. Used Vehicle Guide (prior 8 models) at a lower rate
Refinance car loans from other lenders
Current Rates*
| Term | Annual Percentage Rate |
|---|---|
| 24 months | 2.75% |
| 36 months | 2.75% |
| 48 months | 3.00% |
| 60 months | 3.25% |
| 72 months | 3.50% |
*Rates presented are the lowest rates available. Other rates and terms available based on vehicle, term and creditworthiness.
Wanting to purchase a motorcycle, boat, airplane, or RV? Let Merck EFCU assist you in your next endeavor by borrowing up to 100% of the cost. Find the best option for you to get you on the road, in the water, or in the air!
Motorcycles
New Motorcycles
Borrow up to 100% of the cost of a new motorcycle
Refinance new motorcycle loans from other lenders up to 1 year old
Used Motorcycles
Borrow up to 100% of the retail value as defined by the N.A.D.A. Used Motorcycle Guide
Refinance new motorcycle loans from other lenders up
Boats/Airplanes/RVs
New Recreational vehicles (boats and aircraft)
100% of purchase price (excluding tax and motor vehicle charges)
Maximum 72 month repayment
Other terms available for loans over $75,000
Used Recreational vehicles (boats and aircraft)
Maximum loan N.A.D.A. Used Retail value
Maximum 60 month repayment
Other terms available for loans over $75,000
Current Rates
| Term | Annual Percentage Rate |
|---|---|
| 24 months | 2.75% |
| 36 months | 2.75% |
| 48 months | 3.00% |
| 60 months | 3.25% |
| 72 months | 3.50% |
*Rates presented are the lowest rates available. Other rates and terms available based on vehicle, term and creditworthiness.