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Foothill Credit Union
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a smiling mother teaching her daughter how to drive

Buying a car without a credit history doesn’t have to be complicated. Our First Time Car Buyer Program will get you out on the road while you make payments and build your credit.

Apply Now

Benefits of the First Time Car Buyer Program

With Foothill CU, you always get great benefits. Here are some that come with this unique auto loan program:

  • Up to 100% financing
  • Terms up to 60 months
  • Automatic payroll deduction for easy repayment
  • Special rate discounts for certain vehicles
  • Fast & easy application process

Qualifying for the First Time Car Buyer Program

We have an auto loan for everyone. To qualify for this program special program, you must:

  • Be at least 18 years old
  • Have a valid California drivers license
  • Not have a previous auto loan
  • Have a minimum of 6 months employment or be a college graduate
  • Have a minimum monthly income of at least $1,000

The car you want to purchase must also qualify by meeting these requirements:

  • Loan amount not to exceed retail blue book value
  • Max loan amount is $20,000
  • 10 model years old or newer
  • The vehicle must have less than 100,000 miles
  • The vehicle must be registered in California

First Time Car Buyer Rates

This unique program has great rates with options for discounts.

First Time Auto Buyer Rates
Effective Date: Tuesday, May 18th, 2021
100% of Retail on Purchases. $20,000 max loan amount.
APRMaximum Loan AmountTerm (months)Estimated Payment/$1,000**
5.50%-6.40% Up to $10,000 Up to 48 $30.16-$23.37
5.50%-6.40% $10,001-$20,000 Up to 60 $30.16-$19.28
*Rate discounts may apply:
  • 0.25% discount for our electric and hybrid vehicles
  • 0.50% discount for auto payment from an FCU checking account with direct deposit, or 0.25% discount for auto transfer from a Foothill share account with direct deposit or payroll deduction.
  • 0.25% discount for our school and hospital employees.
  • 0.25% discount for members with a Platinum Mastercard or Platinum Rewards MasterCard.
Apply Now

Car Loan Payment Calculator

Interested in buying your first car but not sure about the monthly payments? Use our calculator to estimate your payment based on the total loan amount, interest rate, and down payment.

Calculate Your Monthly Payment


“I have had nothing, but a great experience with Foothill Credit Union. Everyone is very friendly and helpful and attentive. I had the opportunity to purchase a vehicle through Foothill Credit Union's New Cars Inc. I worked closely with Leah to purchase my new vehicle. The process was so easy and very convenient, especially during the COVID pandemic!”

-Ariana T.

First Time Car Buyer Program FAQs

Q: Do I have to be a member to be eligible for this loan?

A: Yes. But we’d love for you to become a member of Foothill Credit Union so you can enjoy all the great member benefits. You can apply online today.

Q: What are the loan term lengths I can get with this program?

A: There are two different term options- you can select either a 48 or a 60-month loan.

Q: Will this loan help me build my credit?

A: Yes! That’s why it’s a great choice for first-time car buyers. As you make loan payments, you’ll build your credit history. It’s that easy.

Q: Do I have to pay a fee if I pay the loan off early?

A: No. We never penalize our members for paying off a loan.

Q: What if I miss a payment?

A: We know life gets in the way sometimes. So we offer a program called Skip-a-Pay that lets you miss a payment for a small fee.

Special First-Time Car Buyer Promotion

From March 1st, 2021 through April 30th, 2021, when you finance your first-time auto buyer loan with us, we’ll give you a $25 gas card to get you going.

The minimum loan amount to qualify for this promotion is $10,000. And hurry, the offer is only good through the end of April 2021.

Ready to Apply as a First Time Car Buyer?

If you’re ready to cruise away as a first-time buyer, applying online is easy. All you have to do is log into your account and click on the “Loan Application” widget.

Or, you can call us at (626) 445-0950 (Option 1) to speak to one of our friendly loan representatives.

Apply Now

Looking for a car loan but don’t qualify for this one? See our other great auto loans.

*APR= Annual Percentage rate. Floor rate includes all applicable discounts. Rate is for 48 month or 60 month loan terms. Rate will be determined by individual credit worthiness. Subject to Foothills underwriting guidelines. Must be a member and meet eligibility requirements. Not all members will qualify for this loan. Members with derogatory credit (slow pays, collection account, charge-offs,etc) will not qualify.

**Minimum loan amount $10,000 to qualify for incentive. Floor rate is 4.75% APR.

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