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First Time Auto Buyer

Make the dream of owning your first vehicle a reality with our First Time Auto Buyer Program. Let us steer you in the right direction with our low rates, flexible terms and variety of first time buyer benefits.

Financing your first vehicle is a big deal, and we want to make sure it’s a simple and positive experience. Our program is designed for those with little to no credit history. All you need to get started is current employment for six or more months or a qualified cosigner. We’ll finance up to 100% LTV (loan to value) including tax, tag and title.

Contact any of our offices for more details, or apply now.


  • Minimum of 6 months current employment or a qualified co-signer
  • Maximum debt to income ratio of 45%
  • Maximum unsecured debt to income ratio of 35%


  • Finance up to 100% LTV (including tax, tag and title)
  • Terms up to 60 months
  • Loan amount up to $25,000
  • No credit history required
  • Refinance option available if first vehicle purchase was made within the past 6 months
  • Qualify for 0.50% rate discount with full direct deposit
  • Qualify for 0.25% rate discount with partial direct deposit
  • Receive an additional 0.50% rate reduction with 12 consecutive on time monthly payments*

The First Time Auto Buyer Program is available to qualifying members based on approved credit and other established requirements such as a verifiable employment record. Qualified co-signer may be required for loan. *Member must contact CPFCU after completing12thconsecutive on time monthly payment to request rate reduction which will take effect on first scheduled payment following contact. 

Unauthorized access or use of this website is not permitted and may constitute a crime punishable by law.
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Routing # 263079289