Auto Loans
Low rates and competitive terms for new and used auto, motorcycle & recreational vehicle
There are no application fees! Please call the credit union at 716-634-3881 if you have any questions about our loan products.
Our rates are competitive and we can often match or beat most dealers’ rates. You can even refinance auto loans held elsewhere or buy out your lease with financing from Amherst Federal Credit Union. The loan application process is quick and convenient, and the service you’ll receive is friendly and efficient. Searching for just the right vehicle can be extremely time consuming. Don’t waste additional time searching for a place to finance your loan.
New Auto Loans
A “new vehicle” is considered to be any vehicle made in the current model year (2026), or in the previous model year (2025) as long as the vehicle has less than 10,000 miles.
Amherst Federal Credit Union offers term lengths from 12-84 months for new car loans.
Rates are determined by a combination of an applicant’s TransUnion credit score and their requested term length. Credit and income qualifications apply and all applications are subject to approval.
A debt-to-income ratio will be calculated and considered and must not be higher than 45% to receive approval.
It is our policy to that we can only lend as much as a vehicle is worth. That means the loan amount cannot exceed the value of the vehicle you’re financing, referenced against a reputable source such as Kelley Blue Book. This ensures you don’t end up overpaying for a vehicle, and will help keep the value of the loan and vehicle balanced in the event insurance needs to pay out a total loss.
- Rates as low as 2.99% APR
- Includes model years 2026 & 2025 (if less than 10,000 miles)
- Includes motorcycles
- Valid for new purchases, refinancing, & lease buyouts
- Terms up to 84 months
- No application fee
Used Auto Loans
A “used vehicle” is considered to be any vehicle made between model years 2016-2025.
Amherst Federal Credit Union offers term lengths from 12-84 months for used car loans depending on the age of the vehicle.
Rates are determined by a combination of an applicant’s TransUnion credit score and their requested term length. Credit and income qualifications apply and all applications are subject to approval.
A debt-to-income ratio will be calculated and considered and must not be higher than 45% to receive approval.
It is our policy to that we can only lend as much as a vehicle is worth. That means the loan amount cannot exceed the value of the vehicle you’re financing, referenced against a reputable source such as Kelley Blue Book. This ensures you don’t end up overpaying for a vehicle, and will help keep the value of the loan and vehicle balanced in the event insurance needs to pay out a total loss.
- Rates as low as 3.49% APR
- Includes model years 2016-2025
- Includes motorcycles
- Valid for dealership & private sales, refinancing, & lease buyouts
- Terms up to 84 months (depending on model year)
- No application fee
Motorcycle Loans
New and used motorcycle loans work exactly like new and used auto loans, and they come with the same competitive rates and terms. Whether you’re buying a motorcycle new or used from a dealership, from a private seller, or looking to refinance an existing loan, Amherst Federal Credit Union can offer financing.
Refinancing Auto Loans
Refinancing an auto loan works very similarly to a new or used auto loans, and they come with the same competitive rates and terms. Transfer your vehicle loan from any other lender to Amherst Federal Credit Union to take advantage of our low rates. Our expert loan officers and dedicated front line staff make the process simple and stress-free with an easy 5-step checklist. Apply now and be sure to include relevant information about your current loan and the vehicle in the appropriate fields.
This is especially attractive during our Auto Loan Sales, typically offered multiple times a year, featuring rate discounts and special bonuses on top of our already competitive loan terms.
Apply to Refinance an Auto Loan
Lease Buyouts
Lease buyouts work very similarly to a new or used auto loans, and they come with the same competitive rates and terms. If your lease is coming due and you’re considering buying it out and purchasing the vehicle, Amherst Federal Credit Union provides great rates and terms when financing. Our expert loan officers and dedicated front line staff make the process simple and stress-free with an easy 4-step checklist. Apply now and be sure to include relevant information about your current vehicle in the appropriate fields.
This is especially attractive during our Auto Loan Sales, typically offered multiple times a year, featuring rate discounts and special bonuses on top of our already competitive loan terms.
Recreational Vehicle Loans
A “recreational vehicle” includes camp & travel trailers, boats, ATVs, jet-skis, and more. Most non-traditional vehicles that get registered with the New York State Department of Motor Vehicles can be considered for a recreational vehicle loan.
Amherst Federal Credit Union offers term lengths from 12-180 months (up to 15 years) for recreational vehicle loans depending on the type and age of the vehicle.
Rates are determined by a combination of an applicant’s TransUnion credit score and their requested term length. Credit and income qualifications apply and all applications are subject to approval.
A debt-to-income ratio will be calculated and considered and must not be higher than 45% to receive approval.
It is our policy to that we can only lend as much as a vehicle is worth. That means the loan amount cannot exceed the value of the vehicle you’re financing, referenced against a reputable source such as the J.D. Power RV Guide. This ensures you don’t end up overpaying for a vehicle, and will help keep the value of the loan and vehicle balanced in the event insurance needs to pay out a total loss.
- Rates as low as 5.49% APR
- Includes model years 2010-2026
- Includes camp/travel trailers, boats, ATVs, jet-skis, and more
- Valid for dealer & private sales, and refinancing
- Terms up to 15 years (depending on model year)
- No application fee
Thank a Vet Discount Program
AFCU participates in the Thank a Vet discount program through the Erie County Clerk’s Office. Amherst Federal Credit Union offers 0.50% APR discount off of the applicant’s qualifying rate for any personal loan or new/used auto loan held elsewhere. The program-issued photo I.D. card must be presented. For more information please visit the Thank a Vet program website. All applications subject to approval.