Vehicle Loans

When you're in the market for a new or used auto, motorcycle, boat or RV loan there are some very important elements to consider.  At First Commonwealth, our members can take advantage of exceptional loan rates, a simple pre-approval process, and some great resources related to purchasing a vehicle.  In addition, you'll be able to lock in your rate for 30 days while you consider your options.  The result-we'll enable you to make the best decision.

Search, research and finance your next car right from our site!  Find the right car at the right price

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New & Used

New Auto Loans      

  • Borrow up to 100% of MSRP (Manufacturers Suggested Retail Pricing), plus the cost of tax and tags.
  • We offer terms up to 84 months.

Used Auto Loans    

  • Borrow up to 100% of NADA retail value.
  • Flexible terms up to 72 months for models 3 years or newer.
  • 48 month terms for models older than 7 years.

Motorcycle, Boat, and RV Loans      

  • Motorcycle loans with terms up to 84 months for new purchases.
  • Terms up to 120 months for boats and RVs.

Go to rates tab for additional details on terms and rates.

First-Time Auto Buyer

Our first-time auto-buyer program is designed for members with no credit history.

Benefits of the Program

  • No co-borrower required!
  • Rate discount of .50% if financial education requirement is met.  Borrowers must complete the online GreenPath course, "Budgeting Basics" and email us at when the test is completed to receive the rate reduction.
  • Receive a  $25 deposit to savings after 6 months of on-time payments.* It's extra money in your pocket just for building good repayment habits.
  • Qualify for a rate reduction of at least 1.00% after 12 months of on-time payments.  Borrower may qualify to refinance at an even lower rate, depending on credit score after the 12 months.
  • Borrow up to 100% of the vehicle's value, including tax and tags. Low down payment, compared to other lenders!
  • Maximum loan amount is $20,000.  Based on the borrower's ability to repay the loan (debt-to-income ratio).
  • Eligible for our "No Payment for 60 Days" feature*.
  • Our member will receive a letter after making six months and 12 months of on-time payments, acknowledging eligibility for $25 deposit or rate reduction.  Member must respond to claim the rewards

Criteria for the Program

  • Must be 18 or older
  • Proof of income required; maximum debt-to-income ratio of 40%
  • Four months at current employer required
  • Proof of insurance required upfront
  • No derogatory information on credit report
  • Direct auto loans through the credit union only (loans applied for at a dealership are not eligible)
  • Only one First-Time Auto Buyer loan per member.


Printable Rates

Auto Loan Rates

  •  12-17-2017
Type Term APR (as low as) Alert Me
New Auto up to 36 months 1.59%
up to 48 months 2.74%
up to 60 months 2.89%
up to 72 months 3.74%
up to 84 months 3.99%
Used Auto up to 36 months 2.34%
up to 48 months 3.19%
up to 60 months 3.29%
up to 66 months 3.85%
up to 72 months 4.25%
Maximum term for model years 2010 and older is 60 months for loan amounts of $10,000 and greater; 48 months for loan amounts under $10,000. Maximum LTV may vary, based on borrower's credit profile. Length of term is dependent on credit score. 2015 to 2017 model years only for used auto loans up to 72 months.

Printable Rates

Motorcycle Loan Rates

  •  12-17-2017
Type Term APR (as low as) Alert Me
New Motorcycle up to 84 months 4.99%
Used Motorcycle up to 66 months 5.99%

Boat & RV Loan Rates

  •  12-17-2017
Type Term APR (as low as)1 Alert Me
New & Used up to 60 months 5.49%
up to 84 months 6.49%
up to 120 months2 7.49%
  • 1Rates are based on an evaluation of applicant credit. Final rate may vary at closing.
  • 2$10,000 minimum loan amount for 85+ months.


Free education and resources for our members


Auto loan calculator with loan protection options, including:  GAP insurance and payment protection.


Look at a variety of loans. Change your monthly payment, loan amount, interest rate or term.

Auto Forms

Private Vehicle Purchase Form - When you are purchasing a vehicle from a private seller (not a dealer), you will need to have the information on this form.

Vehicle Loan Payoff Request Form - When you need to know your full balance, including accrued interest, for a particular payoff date, please submit this form.

Verify Your Insurance

You will need to verify you have auto insurance coverage.  You can provide your insurance information online or via phone at 800.998.0763.