Auto Loans

Auto Rates

Term Tier 1 Payments per
$1000 borrowed
Tier 2 Payments per
$1000 borrowed
Tier 3 Payments per
$1000 borrowed
3 year 1.50% $28.42 7.50% $31.11 10.50% $32.50
4 year 1.90% $21.65 7.50% $24.18 10.50% $24.18
5 year 1.95% $17.51 7.50% $20.04 10.50% $24.18
6 year 2.25% $14.86 9.50% $18.27 11.50% $19.29
7 year 2.90% $13.17 10.25% $16.73 12.25% $17.79

 

 

Auto Terms

Model 2008 to 2014 above $20,000 Max term 8 years
Model 2003 to 2007 Max term 6 years
Model 2002 and older Max term 5 years

Members can select any term they choose as long as max terms are not exceeded.

Boats, Motorcycles, ATV’s, RV’s, and Farm Equipment are treated with the same rates and terms as auto loans.

New Auto Loans

Energen Credit Union will loan up to 100% of the purchase price of a new auto. A new auto is an auto that has never been titled in an individual or business/corporation’s name. The maximum term for a new auto loan is 96 months/eight years.

Used Auto Loans

Energen Credit Union will loan up to 100% of the retail book value on all used autos. A used auto is an auto that has been titled to another owner before. Depending on the year of the auto, the maximum term for financing a used auto is 96 months/eight years.

Apply Now

To apply for an auto loan, click on and print the below PDF Loan Application and fax it to the Credit Union. Please do not email loan applications. Emails are not a secure form of delivery of your private information. Fax: (205) 944-1196

Download Auto Loan Application