Credit union · NCUA insured
OTIS Federal Credit Union Auto Loan Rates
Top CarrotOTIS Federal Credit Union auto loans start at 5.45% APR for a new vehicle and 5.45% for a used one. Rates checked October 22, 2026.
How OTIS Federal Credit Union’s auto loan rates compare
Compared with banks and credit unions in Maine, where OTIS Federal Credit Union has the most branches. New vehicle, lowest advertised APR first.
This credit union’s lowest
OTIS Federal Credit Union
5.45%APR
- Terms
- up to 60 months
Auto Loans
Lowest rate
Coast Line Credit Union
3.95%APR
- Terms
- up to 60 months
2nd-lowest rate
TruGrocer Federal Credit Union
3.99%APR
- Terms
- 24–84 months
OTIS Federal Credit Union auto loan score
75
Auto loan score
Higher than 39% of U.S. banks and credit unions
- New vehicleNew5.45%
- Used vehicleUsed5.45%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where OTIS 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.
Auto Loans
100% financing available with no money down for new car, truck, SUV, van, or motorcycle including tax, license, and title. Terms up to 84 months on new vehicles and up to 72 months on used vehicles. Available to members who live, work, worship, or attend school in Androscoggin, Cumberland, Franklin, Kennebec, Lincoln, Oxford, Sagadahoc, Somerset, or York County, or their immediate family members. Promotional special effective October 9-30, 2026 gives an additional 1% off auto rates; minimum loan amount is $5,000; existing OTIS FCU loans do not qualify.
| Terms | APR | Conditions |
|---|---|---|
| up to 12 months | 4.65% | As low as rate based on personal creditworthiness. |
| up to 24 months | 4.70% | As low as rate based on personal creditworthiness. |
| up to 36 months | 4.75% | As low as rate based on personal creditworthiness. |
| up to 48 months | 5.15% | As low as rate based on personal creditworthiness. |
| up to 60 months | 5.45% | As low as rate based on personal creditworthiness. |
| up to 72 months | 5.80% | As low as rate based on personal creditworthiness. Max 72 months on used vehicles. |
| up to 84 months | 6.35% | As low as rate based on personal creditworthiness. Up to 84 months on new vehicles. |
Sources (1)
- otisfcu.coop/loans/auto · captured Oct 22, 2026
Auto Refinancing
Refinancing available at no extra cost for vehicles currently financed elsewhere. Add 3% to the interest rate for vehicles with over 100,000 miles. Loan terms and interest rates vary depending on credit score. Special promotion mentioned on main auto page offers an additional 1% off rates for loans $5,000+ through October 30, 2026 (existing OTIS loans excluded).
| Terms | APR | Conditions |
|---|---|---|
| up to 12 months | 4.65% | As low as rate based on creditworthiness. Vehicle over 100k miles adds 3%. |
| up to 24 months | 4.70% | As low as rate based on creditworthiness. Vehicle over 100k miles adds 3%. |
| up to 36 months | 4.75% | As low as rate based on creditworthiness. Vehicle over 100k miles adds 3%. |
| up to 48 months | 5.15% | As low as rate based on creditworthiness. Vehicle over 100k miles adds 3%. |
| up to 60 months | 5.45% | As low as rate based on creditworthiness. Vehicle over 100k miles adds 3%. |
| up to 72 months | 5.80% | As low as rate based on creditworthiness. Vehicle over 100k miles adds 3%. |
| up to 84 months | 6.35% | As low as rate based on creditworthiness. Vehicle over 100k miles adds 3%. |
First-Time Auto Buyer Loan
Available to members between ages 18 and 25. Six months consistent employment required. Must have at least 10% down payment without co-signer. Borrow up to $20,000 (amounts above $20,000 require co-signer). Term up to 60 months. Borrow up to 90% retail value (or higher with GAP/VSC). Vehicle must be newer than 10 years and under 100,000 miles. Payments must not exceed 15% of gross monthly income.
| Terms | APR | Conditions |
|---|---|---|
| up to 12 months | 4.65% | As low as rate based on personal creditworthiness. Max loan term 60 months. For members ages 18-25. |
| up to 24 months | 4.70% | As low as rate based on personal creditworthiness. Max loan term 60 months. For members ages 18-25. |
| up to 36 months | 4.75% | As low as rate based on personal creditworthiness. Max loan term 60 months. For members ages 18-25. |
| up to 48 months | 5.15% | As low as rate based on personal creditworthiness. Max loan term 60 months. For members ages 18-25. |
| up to 60 months | 5.45% | As low as rate based on personal creditworthiness. Max loan term 60 months. For members ages 18-25. |
Who can join OTIS Federal Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Persons who live, work, worship, or attend school in Androscoggin, Cumberland, Franklin, Kennebec, Lincoln, Oxford, Sagadahoc, Somerset, or York County are eligible to join.
Family and household
- Immediate family members, regardless of geographic location, are eligible for membership.
Cost to join
- An initial deposit of $25.00 is required to open an account.
Membership information collected October 4, 2026.