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Vehicle Loans
Whether you’re buying a new or used vehicle, refinancing, or just looking for some weekend fun, we make it easy for you to drive away happy.
New & Used Vehicles
Whether you’re eyeing a new ride or a reliable used vehicle, Maine State Credit Union offers auto financing that fits your lifestyle. Get competitive rates, flexible terms, and quick local decisions from the local credit union you trust.
FEATURES INCLUDE:
- Competitive loan rates
- Flexible term lengths
- Quick, local decisions
- Pre-qualification before you shop
- Easy online application
- Refinancing options available
Auto Loans
Effective As of 11/21/2025
| Term | Down payment required | APR* as low as 1 |
|---|---|---|
| Term 24 Months | Down payment required None | APR* as low as 1 3.99% |
| Term 36 Months | Down payment required None | APR* as low as 1 4.14% |
| Term 48 Months | Down payment required None | APR* as low as 1 4.24% |
| Term 60 Months | Down payment required None | APR* as low as 1 4.49% |
| Term 72 Months | Down payment required None | APR* as low as 1 4.74% |
| Term 84 Months | Down payment required None | APR* as low as 1 5.49% |
*APR=Annual Percentage Rate. **Rate shown is “as low as” rate. Actual interest rate is determined by credit and collateral qualifications. Loans are subject to membership eligibility, and credit and underwriting approval. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice.
*APR=Annual Percentage Rate.
**Rate shown is “as low as” rate. Actual interest rate is determined by credit and collateral qualifications. Loans are subject to membership eligibility, and credit and underwriting approval. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice.
Maine State Auto Advantage
With Auto Advantage, get auto financing that keeps your payments low and your options open.
FEATURES INCLUDE:
- Available for new or used vehicles
- Lower monthly payments
- Flexible mileage options
- Financing up to 72 months
- Multiple end-of term choices
Low Monthly Payments
Pay less each month compared to a traditional auto loan, on average 30 – 40% less than conventional financing.
No Hidden Fees
No acquisition fees, security deposits, prepayment penalties, or early termination fees unlike leasing. Plus, you own the vehicle!
Flexible Mileage Options
Choose 7,500 to 18,000 miles per year to match your driving habits.
End-of-Term Flexibility
At the end of your term, return the vehicle and walk away from the residual balance. You may also trade in, sell, or refinance your vehicle at any time.
Wide Vehicle Eligibility
Finance future model years or used vehicles up to 5 years old with mileage limits.
Wear & Tear Protection
Vehicles up to two years old may qualify for up to $5,000 toward excess wear and tear if surrendered.
We allow the following maximum vehicle mileage at the start of the loan, with the oldest model year being 5 years old:
- Future year: 30,000
- Current year: 30,000
- 1-year used: 45,000
- 2-years used: 60,000
- 3-years used: 75,000
- 4-years used: 90,000
Keys to Your Future | First Time Auto Buyer
Maine State CU is proud to offer members first-time auto financing with credit-building support and real-world guidance. All that’s needed is a year of steady income and dedication to stay on the right financial path.
FEATURES INCLUDE:
- No credit history required
- Cash-back checking with no fees
- Free mobile banking and overdraft forgiveness
- Credit-building education and support
- Guidance to find the right vehicle
- Make payments through Simply Free Checking
Before you buy, make sure to:
- Research the car you want and how much it should cost:
- Kelley Blue Book
- Edmunds
- Consumer Reports
- NADA Guides
- Check the history of the vehicle through Carfax. How many owners has it had? Has it ever been in an accident?
- Take it for a test drive.
- Have it checked out by a trusted mechanic if you are purchasing from a third-party seller; most dealerships offer pre-certified autos.
- Understand what your cost of insurance will be and what it will cover.
- Know its MPG (miles per gallon) rating for city vs. highway.
What can you afford? Your auto loan should not exceed 20% of your monthly income. This includes auto payments, gas, insurance, as well as maintenance and repairs.
What type of vehicle do you need? Will you be driving a lot commuting to school or work, or do you just need something to get around town?
Are you prepared for additional expenses? Budget for title, tax, registration and license plates costs.
Check out our additional information on these important financial topics:
RV & Boat Loans
Adventure starts with flexible financing—whether you’re hitting the highway or cruising down the coast.
FEATURES INCLUDE:
- Low, competitive rates
- Flexible repayment terms
- Easy online application
- Digital banking payment options
- Local service and support
RV/Travel Trailer Loans
Effective As of 11/25/2025
| New or Late Model (2014 or newer) | Term | APR* as low as 1 |
|---|---|---|
| New or Late Model (2014 or newer) | Term up to 60 Months | APR* as low as 1 6.24% |
| New or Late Model (2014 or newer) | Term 72 Months | APR* as low as 1 6.49% |
| New or Late Model (2014 or newer) Loans greater than $25,000 | Term 84 Months | APR* as low as 1 6.74% |
| New or Late Model (2014 or newer) Loans greater than $40,000 | Term 96 – 120 Months | APR* as low as 1 7.49% |
| New or Late Model (2014 or newer) Loans greater than $70,000 | Term 121 – 181 Months | APR* as low as 1 7.99% |
| New or Late Model (2014 or newer) | Term 180 – 240 Months | APR* as low as 1 8.99% |
*APR=Annual Percentage Rate
**Rate shown is “as low as” rate. Actual interest rate is determined by credit and collateral qualifications. Loans are subject to membership eligibility, and credit and underwriting approval. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice.
Boat Loans | 50K & Under
Effective As of 11/25/2025
| Term | APR* as low as 1 |
|---|---|
| Term 60 months | APR* as low as 1 6.24% |
| Term 72 months | APR* as low as 1 6.49% |
| Term 84 months | APR* as low as 1 6.74% |
| Term 96-120 Months | APR* as low as 1 7.49% |
*APR=Annual Percentage Rate
**Rate shown is “as low as” rate. Actual interest rate is determined by credit and collateral qualifications. Loans are subject to membership eligibility, and credit and underwriting approval. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice.
Boat Loans | 50K & Over
Effective As of 11/25/2025
| Term | APR* as low as 1 |
|---|---|
| Term up to 60 months | APR* as low as 1 8.49% |
| Term 72 months | APR* as low as 1 8.74% |
| Term 84 months | APR* as low as 1 8.99% |
| Term 96-120 Months | APR* as low as 1 9.74% |
| Term 121-180 Months | APR* as low as 1 10.24% |
*APR=Annual Percentage Rate
**Rate shown is “as low as” rate. Actual interest rate is determined by credit and collateral qualifications. Loans are subject to membership eligibility, and credit and underwriting approval. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice.
Boat Loans
*APR=Annual Percentage Rate
**Rate shown is “as low as” rate. Actual interest rate is determined by credit and collateral qualifications. Loans are subject to membership eligibility, and credit and underwriting approval. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice.
RV/Travel Trailer Loans
*APR=Annual Percentage Rate
**Rate shown is “as low as” rate. Actual interest rate is determined by credit and collateral qualifications. Loans are subject to membership eligibility, and credit and underwriting approval. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice.
Powersports Vehicle Loans
Blaze a trail with the right rate.
Archive – Snowmobile Loans
Effective As of 11/25/2025
| Term | APR* as low as 1 |
|---|---|
| Term 36 Months | APR* as low as 1 5.50% |
| Term 48 Months | APR* as low as 1 5.74% |
| Term 60 Months | APR* as low as 1 5.99% |
| Term 72 Months | APR* as low as 1 6.49% |
| Term 84 Months | APR* as low as 1 6.74% |
| Term 120 Months | APR* as low as 1 7.74% |
*APR=Annual Percentage Rate
**Rate shown is “as low as” rate. Actual interest rate is determined by credit and collateral qualifications. Loans are subject to membership eligibility, and credit and underwriting approval. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice.
Recreational Loans
Effective As of 11/25/2025
| Term | APR* as low as 1 |
|---|---|
| Term 36 Months | APR* as low as 1 5.25% |
| Term 48 Months | APR* as low as 1 5.49% |
| Term 60 Months | APR* as low as 1 5.74% |
| Term 72 Months | APR* as low as 1 6.24% |
| Term 84 Months | APR* as low as 1 6.49% |
| Term 120 Months | APR* as low as 1 7.49% |
*APR=Annual Percentage Rate
**Rate shown is “as low as” rate. Actual interest rate is determined by credit and collateral qualifications. Loans are subject to membership eligibility, and credit and underwriting approval. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice.
*APR=Annual Percentage Rate
**Rate shown is “as low as” rate. Actual interest rate is determined by credit and collateral qualifications. Loans are subject to membership eligibility, and credit and underwriting approval. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice.
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