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Hawaii Auto Loans for New and Used Vehicles

Ready for your next ride? HFS FCU has you covered. We offer low rates, flexible terms, and exclusive member discounts—everything you need to make your car-buying experience easy and stress-free.

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5.50% APR1 for 60 months

Monthly Payment

Amount
$
Rate
%
Months

0.25% discount

Get a 0.25% discount with Automatic Transfer from Share Draft, Share Account, or Payroll Deduction

Additional 0.25% discount

Get an additional 0.25% discount for a 20% down payment.

Understanding HFS FCU Auto Loans

An auto loan lets you borrow money to purchase a vehicle, then pay it back in monthly installments over time. For Hawaii drivers, auto loans are especially helpful in navigating our unique vehicle market, where limited inventory and higher prices can make buying a car more challenging.

At HFS FCU, we offer financing for both new and used vehicles, as well as with refinancing options—all with competitive rates and flexible terms. If you already have an auto loan, we’re happy to help you refinance to secure a lower rate and save money, or shorten your term to pay off your loan faster.

While we don’t currently offer lease buyout financing, we can help you explore other options, such as returning your lease and financing a new or used vehicle.

New vs. Used Vehicle Financing

There are some key differences between financing new and used vehicles. New cars typically require larger loans but come with lower interest rates because of their higher resale value. Used cars generally cost less upfront, though interest rates may be slightly higher because of their lower resale value.

Hawaii’s unique car market also plays a role in your decision. Import costs and limited inventory drive up demand and prices compared to the mainland, often resulting in larger loans and longer repayment terms. For many drivers, a quality used vehicle can be a more practical and affordable choice.

When you finance a used vehicle with HFS FCU, we carefully review documentation and conduct a physical inspection to ensure the vehicle meets our standards and determine its true value.

Why Choose HFS FCU for Your Auto Loan

From competitive rates to member-exclusive discounts, here's what sets HFS FCU apart when it comes to vehicle financing:

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Excellent rates

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Low monthly payments

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Quick online application

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Variety of terms available to fit your budget

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No prepayment penalty

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Additional rate discounts available

How to Apply for Your Hawaii Auto Loan

It’s easy to apply for an auto loan at HFS FCU. Here’s a step-by-step guide:

  1. Apply online or schedule an appointment at a local branch.
  2. Gather key documentation before you apply, such as proof of income, employment information, a valid government-issued ID, and proof of residency.
  3. Provide information specific to the vehicle you’re financing, such as VIN, mileage, seller or dealer’s name, etc.
  4. Complete the necessary paperwork and wait for approval.

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Applying for an auto loan was such a smooth process. Highly recommend HFS Federal Credit Union.

— Brittany

Frequently Asked Questions

  • We determine this by doing an auto inspection and researching the value of the vehicle.

  • Yes. Please note that during the loan review process we will need to verify your contact information for discrepancies. To make this process as efficient as possible, please update your information on in your Online Banking, come into any branch or call (808) 930-1400 before submitting your application.

Questions?

Drop us a message anytime with your questions about Auto Loans.

  • 1APR= Annual Percentage Rate. The 5.50% APR is derived by discounting the rate of 6.00% APR with a 0.25% discount for automatic payments and a 0.25% discount for a 20% down payment. Monthly payments at 5.50% APR for 60 months will be $575.49 per $30,000 borrowed. The actual rates and APR depend on credit history and loan terms. Subject to credit approval. Other rates and terms available. Applications may be submitted online or at any HFS FCU branch location.

    Out-of-state vehicle purchases are ineligible for an HFS Auto Loan.

    Insurance products are not products of the Credit Union; and are not obligations of or guaranteed by the Credit Union. Credit Disability Insurance is offered through CUNA Mutual Group.

    Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawaii. A minimum opening balance of $50.00 is required to open a Savings Account.