Vehicle Purchase
Finance your next new or used vehicle with an MHV auto loan featuring competitive rates, flexible terms, and convenient financing options.
auto, car, truck, auto loan, car loan
Walk in pre-approved. Drive out with a better rate.
Arrange your financing before you fall in love with the car. Get pre-approved with MHV, lock your rate for 45 days, and shop like a cash buyer.
This is what you want in your next car or truck loan
Rate Lock
Get pre-approved and lock your rate for 45 days. Take that time to shop around and find the car you love. Then, your rate is fixed for the life of your loan.
Flexible Terms
Pick your term – anywhere from 1 to 84 months. The flexibility you need to get the payment you want.
Rate Discounts
Go ahead – knock 0.25% off your interest rate. It’s yours just for setting up autopay on your loan from your MHV account.
No Pre-Payment Penalty
Why punish over-achievers? There are no penalties or fees if you pay your loan off early.
Your car loan rates as low as
* Rates are current as of 9/27/2026. APR = Annual Percentage Rate. Rates as low as; based on credit, term, and vehicle year; reflect a 0.25% autopay discount. For example: 36 monthly payments at 4.74% APR would be $29.85 per $1,000 borrowed. Click the button above for additional rates, terms, and conditions.
New Vehicles
4.74% APR
Up to 36 Months
5.39% APR
37–66 Months
Used Vehicles
5.64% APR*
Up to 36 Months
5.64% APR*
37–66 Months
RV | Boat | ATV
7.25% APR*
Up to 36 Months
7.75% APR*
34–48 Months
Protect your loan — and your wallet.
Guaranteed Asset Protection (GAP)
What happens if you total your car? Or it’s stolen? Sure you have insurance. But…what if the insurance payout doesn’t cover the remaining balance on your loan? GAP helps you avoid having to pay that amount.
Payment Protection
This optional protection covers your loan payment in the event you experience a qualified life event. Things like unemployment, disability, and loss of life may be included. Neither you nor your family will have to worry about making payments.
Your auto loan in 4 simple steps
Research
Calculate
Apply
Shop
Explore what it would take to pay off your auto loan early
Do your research
Drive Away Happy
Download our free guide, Drive Away Happy, for need-to-know car buying information. We’ll guide you through everything you should consider so you can feel confident when heading to the dealership.
Should You Buy a New or Used Car?
If you are trying to decide whether to buy a new or a used car or truck, our video explains the pros and cons of each and how to determine if a new or used car is right for you.
Top Car Buying Tips
From when to buy a car to figuring out if pre-approval matters, tune in for top car-buying tips.
Ready to get started?
Your application will take about 10 minutes to complete.
Shop for your next car
Research, compare, and shop local dealers directly without leaving home. AutoSmart connects you with the resources you need for safe, efficient car shopping.
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Customize & Build
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Get Financing
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Search Inventory
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Trade-In
“MHV gave me my first car loan”
“MHV is very accommodating. I didn't have the greatest credit and MHV gave me my first car loan. This helped to raise my credit significantly and give me my first car!”
“I love my MHV branch. One of the last real hometown type banks. Everyone is always friendly and genuinely helpful. I’m always treated like a welcomed person. Loan prices are great, too.”
Your auto loan opens the door to more.
Financing your vehicle with MHV automatically sets up a free Savings account — making you a member-owner. Add a free Checking account to complete your everyday banking and unlock the full value of membership.
Lower Loan Rates
Member rates beat most banks on auto, home, and personal loans.
Higher Savings Yields
Share Certificates with higher rates — earn more on your money.
Free Financial Coaching
One-on-one guidance to reach your financial goals.
Local Decisions
Approvals made by people who live in your community.
Commonly asked questions about car loans
MHV offers auto, recreational vehicle, boat, and motorcycle loans.
Apply online or in a branch before you shop. If approved, you'll know how much you can borrow and your rate, and that rate is locked for 45 days while you find the right vehicle.
Yes. MHV finances new and used cars, trucks, and motorcycles from dealers and private sellers.
Terms run from 1 to 84 months. Shorter terms carry lower rates and less total interest; longer terms lower the monthly payment.
No. You can pay extra, pay it off, trade in, or sell the vehicle at any time with no prepayment penalty.
Full coverage, including comprehensive and collision coverage for the value of the loan, with a deductible of no more than $1,000 and Mid-Hudson Valley Federal Credit Union listed as loss payee. We need the policy itself, not just the binder. We'll confirm the details at closing.
You'll become a member through the application. If you live, work, worship, or attend school in the counties we serve, you're eligible.
In person – visit any Branch location to make a payment at the teller line or with the Personal Tellers. Over the phone – we can transfer funds from your MHV accounts to pay your loans, and we accept payments from non-MHV accounts via debit card or ACH (a fee applies for debit card or ACH payments; see our Fee Schedule). Online – from an MHV account, click Transfers & Payments > Loan & Credit Card Payments; from a non-MHV account, first link your external account under Transfers & Payments > Manage External Accounts, then use Loan & Credit Card Payments.
Paying too much elsewhere? Refinance with MHV.
Bring your auto loan home to the Hudson Valley. A quick refinance could lower your monthly payment or shrink the interest you pay — with no fees to switch.
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No refinancing fees, ever
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0.25% rate discount with autopay
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Lower your rate, your payment, or both