Vehicle Loans


Check Vehicle Rates | Learn more about Express Check | Discover the R.E.D. Program

AT HTFFFCU we offer a range of vehicle loan options and additional services to make your buying experience as smooth as possible!

Check Vehicle Rates

Vehicle Loan Rates updated as of June 1, 2019

Includes: new and used vehicles such as cars, trucks, and SUVs.

Loan Type Term in Months Fixed Rate APR*
1 - 24 2.25% - 9.40%
25 - 36 2.65% - 10.15%
37 - 48 2.90% - 10.40%
49 - 60 3.00% - 11.15%
61 - 72 3.50% - 11.50%
Values > $45,000 73 - 84 3.95% - 11.95%
Values > $65,000 85 - 120 5.10% - 14.70%
Values > $75,000 121 - 180 5.70% - 14.70%

At HTFFFCU you can lower your new/used auto & truck rate by enrolling in additional services:

1) .10% APR for setting up Auto Pay for your loan
2) .15% APR for having a credit card with HTFFFCU


Other Vehicles Rates
updated as of June 1, 2019

Includes: boats, motorcycles, jet skis, campers, planes, travel trailers and motor homes)

Loan Type Term in Months Fixed Rate APR*
Watercraft (boats, jet skis, boat trailers),
motorcycles, ATVs, RVs (motor homes, travel trailers, campers),
equipment (tractors)
1-24 2.95%-10.10%
25-361 3.60%-11.10%

Learn More About Our Express Check

What if we told you that car-buying could be faster? Blaze Check is the lightning-fast solution to buying your next new car or truck!

Discover the R.E.D. Program

R.E.D. = Realize. Explore. Drive.

R.E.D. ...the smart choice in new and pre-owned vehicle financing! How would you like a low payment vehicle loan program that combines the best features of conventional financing along with the benefits of leasing? Sound too good to be true? Well, HTFFFCU has the vehicle financing answer for you!

R.E.D. gives you the best of both worlds. Like a lease, R.E.D. offers payments considerably lower than conventional financing. Yet, unlike leasing, with R.E.D. you own the vehicle and have all of the flexibility and benefits that come with vehicle ownership!

All new and up to five-year old cars, vans, and light trucks qualify for R.E.D. financing. All vehicles can be financed for up to 72 months! Other benefits of R.E.D. include:

  • No Capitalization Fees

  • No Application Fee

  • No Security Deposit

  • No Up Front First or Last Payment

  • Option to Sell, Trade, Finance Vehicle Anytime or

  • Return Vehicle at Loan Maturity and simply “Walk-away”

  • No Early Payoff Penalty

  • 100% Financing with NO MONEY DOWN

  • Mileage Options of 12,000, 15,000 and 18,000* Per Year Available

Want to find out how low your R.E.D. payment could be?

Go to the R.E.D. Program CarBuilder calculator where you can build your car from the comfort of your own home.

Would you like to know more about the R.E.D. Program? See below to read Torrance Harris, former HTFFFCU AVP of Lending describing how the program can work for you.

The Mysterious Story of R.E.D.

People buy cars differently.

Some spend months researching the best engines. Some buy impulsively based on which car catches their eye. Some prefer brand new and shiny vehicles; some choose pre-owned ones. Some people save up for years to avoid a car loan; others don’t mind borrowing. Some people need spacious cars for their families and some choose spacious cars solely based on their future trade value.

At HTFFFCU we are aware of your very different needs, your life circumstances and your individual driving habits. That’s why we are introducing the R.E.D. Program, a new car financing program that’s not a loan and not a lease but has the benefits of both. So how exactly does that work?

We sat down with Torrance Harris, AVP of Lending at HTFFFCU and asked him to explain what R.E.D. is really about.

What is the R.E.D. Program?

When you decide to finance a car with R.E.D, you become the owner of the car, unlike with the typical lease. But your monthly or weekly payments are approximately 30% – 40% lower than if you’d taken a regular car loan.

Why is that?

Because of the residual value that we subtract from the price of the car at the start of the program. Let me give you an example. Let’s say you want to finance a car that’s worth $30,000 and you want to finance it for 5 years. If you take a traditional loan, you pay $30,000 plus interests over the period of 5 years. If you use the R.E.D. Program, we calculate first what the value of this car in 5 years is going to be. Let’s say it’s going to be $12,000. So we subtract $12,000 from $30,000 and arrive at the amount of $18,000. And this is what we ask you to pay over the course of the next 5 years.

Plus interest?

Yes. The interest rates with R.E.D. are as low as traditional car loans but remember that your interest is calculated based on $18,000 as opposed to $30,000.

Okay, so I pay $18,000 plus interest over the next 5 years. What happens then? You said I am the owner of the car, right?

Yes, you are. At the end of R.E.D. you can decide what you want to do with the car. You can return it, walk away and get another car. Or you can decide to keep the car and only pay off the remaining balance, the residual value I mentioned before. It’s entirely up to you.

Let’s say I want to return it. Where’s the catch? What do I have to pay?

No catch. The only cost if you decide to walk away is an administrative fee of $195. You essentially had a $30,000 priced car for the cost of $18,000.

It sounds too good to be true…

There are few restrictions on the cars available for financing with R.E.D. The car that you choose cannot be older than 5 years old and the mileage cannot be higher than 105,000 depending on the car’s age. For newer cars, mileage needs to be lower than for the older ones.

What about price restrictions?

None.

Really? Can I choose to finance a Ferrari?

One of the benefits of R.E.D. is to allow our members the option of purchasing high end cars at a more affordable monthly payment. But you can also choose a pre-owned family vehicle that doesn’t cost too much money on the market.

If I can choose whichever car I want, then who is this R.E.D. Program for? What is the target group that you’re trying to attract?

R.E.D. meets the needs of many groups. It meets the needs of the people who like changing cars often. It meets the needs of the people who like to drive more luxurious brands but cannot afford to buy them with a traditional loan or simply don’t want to buy. But R.E.D. can also easily meet the needs of the people who struggle financially because it significantly lowers their payments.

So R.E.D. is for everyone?

It is a great financing program and it’s tailored to meet needs of people with various car buying habits. Having said that, it might not be suitable to one specific group of people: those who have very long daily commutes or are planning to use their car extensively for road trips, for example. There is an annual mileage cap on each R.E.D. car and if you go over it, it might affect the residual value of your car. It only matters if you plan to keep it though.

So the only reason why R.E.D. might not be for me is if I plan to drive a lot more than the typical city drivers?

Yes. No more small print.

Sounds good. But I need to ask you this: why R.E.D.? What’s wrong with yellow, blue or green?

(laughing) Nothing wrong with the other colors but for one, R.E.D. corresponds with our HTFFFCU logo. And more importantly R.E.D. is more than a color. It’s an acronym. R stands for Realize your needs. E means Explore your options. Finally D is Drive out. It’s like R.E.D. speaks for itself.


Torrance Harris was the AVP of Lending at HTFFFCU where he oversaw the lending department including branch lending operations. He was in charge of training, coaching, staff and product development, all to enhance the HTFFFCU member experience.


To receive the lowest rate within each range above requires a FICO 08 score of 750 or higher. See a loan officer for specific details.
1For rates beyond the 36 month term please contact us.
All rates are subject to change without notice. Some restrictions apply.