Credit union · NCUA insured
MIT Federal Credit Union Auto Loan Rates
Top CarrotMIT Federal Credit Union auto loans start at 5.00% APR for a new vehicle and 5.24% for a used one. Rates checked October 15, 2026.
How MIT Federal Credit Union’s auto loan rates compare
Compared with banks and credit unions near Boston, MA-NH, where MIT Federal Credit Union has the most branches. New vehicle, lowest advertised APR first.
This credit union’s lowest
MIT Federal Credit Union
5.00%APR
- Terms
- up to 60 months
- Discount
- Included in the rate
New Auto
Lowest rate
Chelsea Employees Federal Credit Union
3.99%APR
- Terms
- up to 72 months
- Discount
- None included
2nd-lowest rate
Hanscom Federal Credit Union
3.99%APR
- Terms
- up to 66 months
- Discount
- None included
MIT Federal Credit Union auto loan score
75
Auto loan score
Higher than 38% of U.S. banks and credit unions
- New vehicleNew5.00%
- Used vehicleUsed5.24%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where MIT Federal Credit Union ranks
By auto loan score, in each area where it has branches
Every rate
Current auto loan rates
Rates from the credit union’s website. Most are “as low as” rates for the best credit; yours depends on your credit, the term and the vehicle.
New Auto
Rate is based on a highly qualified credit candidate; rates may vary based on individual creditworthiness. Published APR includes a 0.25% discount for enrolling in automatic loan payments. Hybrid and electric vehicles may qualify for additional rate discounts. A new vehicle is defined as a current or previous year's model with 8,000 miles or less. 100% financing may be available. No service fees or prepayment penalty.
| Terms | APR | Conditions |
|---|---|---|
| up to 60 months | 5.00% | Estimated monthly payment of $18.87 per $1,000 borrowed. Includes 0.25% autopay discount. |
| up to 72 months | 5.50% | Estimated monthly payment of $16.34 per $1,000 borrowed. Includes 0.25% autopay discount. |
| up to 84 months | 6.63% | Estimated monthly payment of $14.93 per $1,000 borrowed. Includes 0.25% autopay discount. |
Sources (1)
- mitfcu.org/borrow/auto-loans · captured Oct 15, 2026
New Mobility Vehicle
Mobility Vehicle Loans are for wheelchair accessible or converted vehicles with adaptive equipment for accessibility. Rate is based on a highly qualified credit candidate; rates may vary based on individual creditworthiness. Published APR includes a 0.25% discount for enrolling in automatic loan payments. 100% financing may be available. No service fees or prepayment penalty.
| Terms | APR | Conditions |
|---|---|---|
| up to 36 months | 5.00% | Estimated monthly payment of $29.97 per $1,000 borrowed. Includes 0.25% autopay discount. |
| up to 48 months | 5.00% | Estimated monthly payment of $23.03 per $1,000 borrowed. Includes 0.25% autopay discount. |
| up to 60 months | 5.00% | Estimated monthly payment of $18.87 per $1,000 borrowed. Includes 0.25% autopay discount. |
| up to 72 months | 5.75% | Estimated monthly payment of $16.46 per $1,000 borrowed. Includes 0.25% autopay discount. |
| up to 84 months | 7.00% | Estimated monthly payment of $15.09 per $1,000 borrowed. Includes 0.25% autopay discount. |
| up to 96 months | 8.00% | Estimated monthly payment of $14.14 per $1,000 borrowed. Includes 0.25% autopay discount. |
Sources (1)
- mitfcu.org/borrow/mobility-vehicle-loans · captured Oct 15, 2026
Used Auto
Rate is based on a highly qualified credit candidate; rates may vary based on individual creditworthiness. Published APR includes a 0.25% discount for enrolling in automatic loan payments. Hybrid and electric vehicles may qualify for additional rate discounts. 100% financing may be available. No service fees or prepayment penalty.
| Terms | APR | Conditions |
|---|---|---|
| up to 60 months | 5.24% | Estimated monthly payment of $18.98 per $1,000 borrowed. Includes 0.25% autopay discount. |
| up to 72 months | 5.38% | Estimated monthly payment of $16.28 per $1,000 borrowed. Includes 0.25% autopay discount. |
| up to 84 months | 6.74% | Estimated monthly payment of $14.97 per $1,000 borrowed. Includes 0.25% autopay discount. |
Sources (1)
- mitfcu.org/borrow/auto-loans · captured Oct 15, 2026
Used Mobility Vehicle
Mobility Vehicle Loans are for wheelchair accessible or converted vehicles with adaptive equipment for accessibility. Rate is based on a highly qualified credit candidate; rates may vary based on individual creditworthiness. Published APR includes a 0.25% discount for enrolling in automatic loan payments. 100% financing may be available. No service fees or prepayment penalty.
| Terms | APR | Conditions |
|---|---|---|
| up to 36 months | 5.50% | Estimated monthly payment of $30.20 per $1,000 borrowed. Includes 0.25% autopay discount. |
| up to 48 months | 5.50% | Estimated monthly payment of $23.26 per $1,000 borrowed. Includes 0.25% autopay discount. |
| up to 60 months | 5.50% | Estimated monthly payment of $19.10 per $1,000 borrowed. Includes 0.25% autopay discount. |
| up to 72 months | 6.25% | Estimated monthly payment of $16.69 per $1,000 borrowed. Includes 0.25% autopay discount. |
| up to 84 months | 7.50% | Estimated monthly payment of $15.34 per $1,000 borrowed. Includes 0.25% autopay discount. |
| up to 96 months | 8.50% | Estimated monthly payment of $14.39 per $1,000 borrowed. Includes 0.25% autopay discount. |
Sources (1)
- mitfcu.org/borrow/mobility-vehicle-loans · captured Oct 15, 2026
Who can join MIT Federal Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Open to anyone
- Anyone not qualifying through other groups can become a member by joining the American Consumer Council (ACC).
Employers and groups
- Employees of select Cambridge and Lexington businesses or partner associations are eligible for membership.
Military, government and schools
- Members of the MIT community, including employees, students, alumni, faculty, and staff, are eligible for membership.
Family and household
- Immediate family members (parents, siblings, children, grandparents, spouses), partners, roommates, and household members of eligible individuals can join.
Cost to join
- A savings share account with a minimum balance of $5.00 is required to establish and maintain membership.
Membership information collected October 5, 2026.