Nothing Beats Your First Ride!
Abilene Teachers is Here to Help
First time auto buyers can take advantage of our money-saving program that makes your loan payments more affordable and protects your new investment. You’ll get a lower interest rate, complimentary GAP Plus protection, and 60 days before your first payment.
This offer is available to all members – not just teens. If you haven’t had a vehicle financed in your name for the past 10 years, we consider you a first time buyer. Get started by submitting a loan application online, over the phone, or in person. Our loan officers will recognize your first-time buyer status and advise you of your options.
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Get a Break from High Interest Rates
The primary borrower will receive a .75 point discount from the rate for which you would normally qualify. For example – If you would normally qualify for an 8.00% rate, it will be reduced to 7.25% under this program.
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Complimentary GAP Plus Protection
GAP Plus is a valuable program to protect almost any vehicle. Should a covered vehicle be stolen or totaled in an accident, GAP covers the difference between what your insurance pays and what is owed on the vehicle.
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60 Days with No Payment
Take some time to revise your monthly budget. Drive your new vehicle for 60 days before the first loan payment is due.
First-Time Vehicle Buyer Loan Rates
These rates are available to borrowers who qualify for the First Time Auto Buyer Program.
|
Model Year |
Loan Term |
Interest Rates (APR*) |
|---|---|---|
|
Model Year 2026, 2025, 2024 |
Loan Term 1-84 months |
Interest Rates (APR*) 3.90% - 15.15% |
|
Model Year |
Loan Term |
Interest Rates (APR*) |
|---|---|---|
|
Model Year 2023 |
Loan Term 1-78 months |
Interest Rates (APR*) 4.15% - 15.40% |
|
Model Year 2022 |
Loan Term 1-72 months |
Interest Rates (APR*) 4.25% - 15.50% |
|
Model Year 2021 |
Loan Term 1-66 months |
Interest Rates (APR*) 4.35% - 15.60% |
|
Model Year 2020 |
Loan Term 1-60 months |
Interest Rates (APR*) 4.45% - 15.70% |
|
Model Year 2019 |
Loan Term 1-54 months |
Interest Rates (APR*) 4.55% - 15.80% |
|
Model Year 2018 |
Loan Term 1-48 months |
Interest Rates (APR*) 4.65% - 15.90% |
|
Model Year 2017 |
Loan Term 1-42 months |
Interest Rates (APR*) 4.75% - 16.00% |
|
Model Year 2016 |
Loan Term 1-36 months |
Interest Rates (APR*) 4.85% - 16.10% |
Auto Loan Calculators
Back in 2011 I financed my new vehicle with ATFCU. I had no understanding of what GAP coverage was or why I would need it. But thank goodness my loan officer, Christie Fraser, explained why it was important so I added it to my loan. Three weeks later I was in a wreck that totaled my car. If I had not had the GAP coverage I would have had to pay a lot out of pocket since I had not made even one car payment at the time.
Disclosures
All loans subject to approval. Rates, terms & conditions are subject to change and may vary based on creditworthiness, qualifications & collateral conditions. A co-borrower may be required.
The rates shown on this page reflect the First Time Auto Buyer discount of .75 points. They do not reflect potential additional rate discounts that are available to all members. For more information on additional discounts, please visit our Loans Discount page or ask your Loan Officer.
*APR = Annual Percentage Rate
1Maximum payment per occurrence is $1,000 with up to two occurrences allowed in a 12-month period.