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The amount you can borrow for a new or used vehicle is based on the vehicle’s value or MSRP (for new autos), with a maximum of $50,000.

If purchasing a new vehicle, the maximum you can borrow up to 120% of the vehicle’s MSRP value (So tags, taxes and warranty may be included). This can vary depending on a member’s credit history and loan underwriting considerations. Member’s borrowing 80% of the vehicles NADA value or will receive a preferential rate that is 1% less than if they are borrowing more than 80% of the vehicles value.

If purchasing a used vehicle, the maximum you can borrow up to 100% of the vehicle’s NADA value. This can vary depending on a member’s credit history and loan underwriting considerations. Member’s borrowing 80% of the vehicles NADA value or will receive a preferential rate that is 1% less than if they are borrowing more than 80% of the vehicles value.

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