Skip to main content

Auto Loan Financing

Pictures of newly purchased cars.

CapEd offers auto loan financing for new and used vehicles with terms available from 12 to 96 months on approved credit. Whether you want to buy a car from a dealership, private party, or you prefer finding your next vehicle online, CapEd can help you get on the road.

View Rates

Shop for a Car Online

We want to bring convenience to all your financial transactions. That's why we partnered with AutoSMART to offer you a website that consolidates your vehicle search and auto loan application into one easy process!

Shop for vehicles from multiple dealerships in the Treasure and Magic Valleys and apply for an auto loan without having to leave your browser or the comfort of your home. Find your car online today.

Find a Car Online

Financing Options

CapEd has you covered when you are looking for a new vehicle. Try our Auto Loan Calculator to help you estimate a monthly payment or loan term.

Pre-approvals are good for 60 days and can be used for purchases at the dealership or from a private party. Apply today for the opportunity to get pre-approved for your next auto loan.

Getting pre-approved not only helps you in the shopping experience by being prepared with your budget – it also helps in negotiating the price and add-ons with the dealer.

If you are looking for a better rate on your current vehicle loan, we may be able to help! CapEd can refinance a vehicle loan you have with another lender.

If you're looking for dealer financing in Boise and surrounding areas in Idaho, you're in the right place. . We have partnerships with most of the new and used dealerships throughout the Treasure and Magic Valleys. Just let them know you want your financing with CapEd Credit Union and then let both teams work together to save you all the hassle, time, and money!

At CapEd, we are committed to providing inclusive and accessible financial solutions to support the needs of our diverse community. We are proud to offer auto financing options specifically tailored for members of our community with Individual Taxpayer Identification numbers (ITIN). Click here for more information on ITIN lending.

Try our Auto Loan Calculator to help you estimate a monthly payment or loan term.

CapEd's Payment Saver Auto Loan is a lease alternative, no down payment option with lower monthly payments and flexible loan terms. This financing option has all the benefits of leasing a vehicle with the security and flexibility of ownership. Read this PDF to learn more about Payment Saver Opens in new tab.

1% Cashback Loan Refinance

Don't have an auto loan yet at CapEd? You could earn 1% cash back on the value of your loan when you're approved to refinance a loan from another financial institution with us. Call our CapEd Lending Team today at (208) 855-4628 and ask about our 1% Cashback Auto Loan Refinance promotion.

Click, Call, or Come In to Apply

Easily apply online for an auto loan, call us, or find a CapEd location to apply in person.

Click here to check the status of an application

CapEd Credit Union Auto Loans

Auto Loan rates current as of . Check out CapEd's rates for new vehicles as well as older models below.

Auto Loan Rates

CapEd Credit Union auto loan rates.
Age of VehicleLoan TermAPR as low asPayment per $1,000 Borrowed
2014 - 202424 - 96 Months6.24%$19.44 (60 months)
2013 and older24 - 96 Months8.24%$20.39 (60 months)

Important Information: All loans are subject to approval. Rates listed are base rates. Rates, terms, and conditions may change without notice and may vary based on creditworthiness, qualifications, loan amounts, and collateral conditions.

Auto Loan Features

Term Options for auto loans.
Up to 96 months

Fees for auto loan.
No application fee

Protect Your Vehicle

Your vehicle purchase is a big investment. Let CapEd's experienced loan officers help you put together an auto protection plan that helps protect that investment for the long term with the following services.

Total Loss Protection

Guaranteed Asset Protection (GAP)

GAP coverage is an additional measure of security that reduces the financial burden that may be incurred if your vehicle is stolen or totaled. GAP prevents the deficiency loan balance from being added to a new loan in the event of a total loss. GAP can be purchased at a low, one-time cost.

Depreciation Protection (DPW)

DPW coverage protects the equity of your vehicle if ever totaled. In the event of a total loss, DPW waives some or all of the balance of your loan.

Other Protection

Mechanical Breakdown Protection

CapEd offers a low-cost protection program that protects members from expensive auto repairs. You may qualify to purchase this for vehicles you already own, even if you financed it elsewhere.

Auto Advantage

Debt Protection with Life Plus

If your life takes an unexpected turn, your family's finances can be strained. Debt Protection Life Plus may cancel or reduce your loan payments or balance in case of involuntary unemployment, sickness, injury or death. It's just one more way you can look out for the people you love. We can help you chose which option is right for you.

Apply Online

Easily apply online for a vehicle loan or contact us to get started.

Click here to check the status of an application

Auto Loan Resources

Auto Loan Calculator

Calculate how much your monthly payment could be with this calculator.


The interest rate for an auto loan is not a hard and fast rule, but it's basically a "lower is better" concept. The interest rate you'll receive for an auto loan is driven primarily by four different factors:

  1. Credit score of the borrower: Borrowers with higher credit scores will qualify for lower interest rates. The lowest interest rate is given to borrowers with a credit score of 740 or higher. Additionally, a 0.25% discount is given to borrowers with an 800 credit score or higher.
  2. Term of the auto loan: Shorter term loans will have a lower interest rate than longer term loans. CapEd offers loan terms from 12 months up to 96 months depending on qualifications. The lowest rate is offered on loan terms up to 60 months.
  3. Age of the vehicle: Vehicles older than 10 model years will have a higher interest rate than those that are newer.
  4. Loan-to-value: The more money you put down when purchasing a vehicle, or the more equity you have when refinancing a vehicle can lower your interest rate. The lowest rate is available for loans that do not exceed 90% of the vehicle's value.

Most often, when you apply for financing at the dealership, they will be sending that loan to third-party lenders as they generally don't directly finance your vehicle purchase in-house. There are three primary types of lenders they send your loan to for approval: Credit Unions, Banks, and franchise dealerships can send to their brand's financing department, such as Toyota, Subaru, etc.

For A+ borrowers – with credit scores 740 and higher – you have many financing options to choose from and at different times throughout the year the large brands will run financing promotions that can be extremely attractive.

If you're a member of a credit union, you can always ask for your loan to be sent to your own credit union. Be sure to mention you are a CapEd member and that you would like your loan to be sent to CapEd.

Getting pre-approved for a vehicle purchase is very similar to getting pre-approved to purchase a home. When you apply for the auto loan our Lending Team will pull your credit report and determine the amount you can borrow based on your loan qualification and any down payment or trade-in equity you have available to contribute to the purchase.

Once you are approved, you can shop for a vehicle within the loan amount provided in your preapproval. One thing to keep in mind is that the purchase price of the vehicle is not the only cost you must budget for within your pre-approved loan amount. You will need to factor in taxes and any additional products/services such as Total Loss Protection, Extended Warranty, and other maintenance/protection plans.

Credit unions provide many types of consumer loans including auto loans. We offer multiple options within our auto loans for all borrowers' needs, including purchase from a dealership, purchase from a private-party seller, first-time buyer options, refinancing loans, and lease-buy outs.

When you apply at our Credit Union, we will pull your credit report and qualify you for the best option that helps you achieve your financial goals.

You certainly can! If you're using a CapEd Auto Loan to purchase your next vehicle from a private-party seller, we provide a private party checklist to help guide you through this process. Contact us to get started today.

CapEd also offers Boat, RV, and Powersport Loans to our members with dealership financing, pre-approval, and refinancing options available. Go out and play this season with a CapEd Recreational Vehicle Loan.

You can use the Quick Apply widget in eBanking, start a vehicle loan application online, call us at (208)884-0150, or speak to a teller at any CapEd branch.



All loans are subject to approval. Rates listed are base rates. Rates, terms, and conditions may change without notice and may vary based on creditworthiness, qualifications, loan amounts, and collateral conditions.

1% Cash Back available on Auto, RV, and Powersport refinancing. 1% rebate must be requested prior to loan closing. The 1% cash back will be forfeited and added to loan balance if loan is paid off within 12 months of opening. All loans subject to credit approval. 1% cash back does not apply to refinance of CapEd loans. Additional conditions apply. See Credit Union for details.