We'll Help You Buy Your First Vehicle
We want to share in the excitement of your first car buying experience. If you have very little to no credit, no worries. Our First-Time Auto Buyer Loan offers an easy application process, manageable terms and is a great way to build credit. Plus, with every approved First-Time Auto Buyer Loan, you’re eligible for a Visa® Platinum Credit Card with a minimum $250 limit*.
Our hassle-free, no obligation Free Car Buying Service will help you find the perfect vehicle. You may also secure financing directly by visiting one of our Partner Dealerships. Our First Time Buyer Guide will help you navigate the process.
Still have questions or ready to apply?
Call us at 703-788-4800 or visit a branch.
Auto Loan Features
Loan amounts up to $20,000
Flexible terms up to 72 months**
Rate discount for a 90% LTV down payment¹
No hidden costs or early payoff penalties
Easy online and mobile payments
It's Easy to Qualify for the First-Time Buyer Loan
- Must be at least 18 years old
- Must be employed for a minimum of one (1) year
- Proof of gross monthly income of at least $2,000 - Monthly payment not to exceed 15% of gross income
- No more than 13 months of history reflected on credit report and no previous vehicle loans or derogatory credit reported (collections, liens, etc.)
- Minimum $500 down payment
- Used vehicles up to 7 model years old
- Maximum mileage of 100,000
More Helpful Resources
Car Buying Made Easy
Learn how to improve your next car buying experience, eliminate time-wasting dealer negotiations and secure a low rate and payment.
