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Auto Loans in Michigan with Low Rates

Looking for the best low-rate auto loans in Michigan?

Team One Credit Union offers competitive car loan rates with flexible terms for new and used vehicles. Whether you're buying from a dealer or private seller, we make financing simple and affordable.

Rates as low as 5.74% APR* on our Auto Loans.

View current auto loan rates

Members across Flint, Saginaw, Midland, Sandusky, Traverse City, and surrounding Michigan communities trust Team One for fast approvals and personalized service.


Refinance & Save – Auto Loans Near You!

Already have a car loan? Refinancing your auto loan could help you:

  • Secure a lower interest rate

  • Shorten your loan term

  • Improve cash flow

Many Michigan drivers switch to Team One to reduce their rate and simplify their payments.

Frequently Asked Questions:


YES!

Accidents happen, but with our Total Loss Protection solutions you are covered regardless of the situation! Guaranteed Asset Protection (GAP) protects negative equity while Depreciation Protection protects positive equity. Make sure your vehicle loan is protected in the event your vehicle is deemed a total loss or stolen and not recovered. Contact us to learn more about which product is right for you.

What Is Guaranteed Asset Protection (GAP)?

Should your vehicle be deemed a total loss or stolen, GAP can help you avoid financial loss by waiving your remaining loan balance not covered by your insurance settlement (up to the maximum loan to value of 125%). GAP Advantage also provides you with a $1,000 credit towards the financing of a replacement vehicle financed with Team One Credit Union.

To thank you for purchasing GAP, we will provide you with Auto Advantage, which includes the Auto Deductible Reimbursement (ADR) benefit, which will reimburse your deductible for any loss covered by your auto insurance policy for ALL passenger vehicles you and your co-borrower own and insure, up to $500 for three (3) years, with unlimited claims!

Click here for more information: Guaranteed Asset Protection Explainer Video

What Is Depreciation Protection?

Depreciation Protection protects your vehicle equity and hedges against depreciation over the life of the loan. In the event your vehicle is deemed a total loss or stolen, Depreciation Protection provides a waiver benefit equal to the difference between the vehicle value at the time of purchase, less the loan balance at the time of total loss (up to the agreement maximum or the outstanding loan balance, whichever is less).

To thank you for purchasing Depreciation Protection, we will provide you with Auto Advantage, which includes the Auto Deductible Reimbursement (ADR) benefit, which will reimburse your deductible for any loss covered by your auto insurance policy for ALL passenger vehicles you own and insure, up to $500 for three (3) years, with unlimited claims!

Click here for more information: Depreciation Protection Explainer Video

As we all know, life is unpredictable, with a wide range of unexpected events that could leave you and your family unable to pay monthly bills. That is why it is important you take action to safeguard your family against these types of events to help ensure loan payments can be made on time.

Debt protection may cancel your loan balance (up to the agreement maximum) or monthly loan payment without penalty or added interest due to an unexpected event. You can select the optional plan that will support your family’s financial protection needs and may include the following:

  • Life: Protect your family from inheriting your debt. Life cancels your loan balances up to a maximum of $75,000 should you die before paying off your loan.
  • Disability: Cancels your monthly loan payments (up to the agreement maximum) if you are unable to work due to illness or injury.
  • Involuntary Unemployment: Think about how relieved you would be if you did not have to make loan payments during a layoff. Involuntary Unemployment cancels your monthly loan payment (up to the agreement maximum) if you become involuntarily unemployed.
Click here for more information: Debt Protection Video

Disclosures

This product is optional. Your purchase of debt protection is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with us.

Additional disclosures. We will give you additional information before you are required to pay for debt protection. This information will include a copy of the contract containing the terms and conditions of debt protection.

Eligibility requirements, conditions, and exclusions. There are eligibility requirements, conditions and exclusions that could prevent you from receiving debt protection benefits. You should carefully read your debt protection contract for a full explanation of the terms and conditions of the debt protection program.

Absolutely. Protect Your Ride with Confidence!

Experience total peace of mind on the road with CU Certified Vehicle Protection. Whether you're commuting to work or exploring new destinations, our comprehensive coverage takes care of costly repairs by paying for both parts and labor on covered mechanical breakdowns. Accepted at any licensed repair facility in the U.S. or Canada, CU Certified ensures you’re covered wherever you go—with the option for a true $0 deductible and diagnostic costs included.

Plus, enjoy added benefits like rental reimbursement, trip interruption coverage, and enhanced tire and wheel protection. With additional options for vehicles with lift kits, snowplows, rideshare use, and more, CU Certified delivers flexible, worry-free protection for today’s drivers.

BENEFITS OF COVERAGE 

As a Team One Member, you now have access to special discount savings on your insurance needs through Team One Insurance Services. Team One Insurance Services is a wholly owned subsidiary of Team One Credit Union offering Members coverage on the things that matter most.
 
Getting pre-approved is easy and gives you more bargaining power at the dealership. Simply apply online, visit a branch, or call us to speak with a lending specialist. We’ll review your application quickly and let you know your maximum loan amount and estimated rate.
You can finance new and used cars, trucks, SUVs, and vans—plus recreational vehicles like motorcycles, boats, and RVs. Team One also offers flexible loan terms and competitive rates tailored to the vehicle type and your budget.
Team One Credit Union considers more than just your credit score when reviewing your auto loan application. While a higher credit score can qualify you for lower rates, we work with members of all credit backgrounds. Whether you have excellent credit or are working to rebuild it, we’ll help find a loan option that fits your budget.
You don’t need to be a member to apply—but you’ll need to become one before closing on your auto loan. Becoming a member is simple and gives you access to low rates, personalized service, and exclusive benefits. Membership is open to individuals who live, work, worship, or attend school in eligible Michigan communities.
Absolutely! Refinancing your existing auto loan with Team One Credit Union could lower your monthly payment, reduce your interest rate, or help you pay off your loan faster. You can check your refinance options online or speak with a loan expert at any of our local branches.
Serving Our Michigan Communities
Team One Credit Union proudly serves members throughout Michigan—including Saginaw, Bay City, Flint, and surrounding areas. Whether you're buying your first car or upgrading your ride, we make auto financing fast, fair, and local.
 
*APR = Annual Percentage Rate | Rates are subject to change.

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