Advantage Auto Loan
Take a more affordable route to acquiring your next car
The Advantage Auto Loan offers the best features of traditional financing and a lease.
Monthly payments are typically 20% to 40% less than they would be with a conventional loan.
After the initial financing term ends, you can turn your vehicle in, sell it or trade it in, or keep the vehicle by refinancing into a new Sikorsky Credit Union auto loan.
Flexible loan terms from 24 to 72 months on all models up to five years old.
Rates are subject to change without notice.
APR = Annual Percentage Rate
| Loan Type & Model Year1 | Term | APR as low as2 | Monthly $ Per Thousand3 |
|---|---|---|---|
| Auto: 2027-2025 | <= 36 Months | 4.34% | $29.68 |
| Auto: 2027-2025 | 37-48 Months | 4.34% | $22.73 |
| Auto: 2027-2025 | 49-60 Months | 4.34% | $18.57 |
| Auto: 2027-2025 | 61-72 Months | 5.74% | $16.45 |
| Auto: 2027-2025 | 73-84 Months | 5.99% | $14.60 |
| Auto: 2024-2022 | <= 36 Months | 4.34% | $29.68 |
| Auto: 2024-2022 | 37-48 Months | 4.34% | $22.73 |
| Auto: 2024-2022 | 49-60 Months | 4.34% | $18.57 |
| Auto: 2024-2022 | 61-72 Months | 5.99% | $16.57 |
| Auto: 2021-2019 | <= 36 Months | 5.44% | $30.17 |
| Auto: 2021-2019 | 37-48 Months | 5.44% | $23.23 |
| Auto: 2021-2019 | 49-60 Months | 5.64% | $19.17 |
| Auto: 2021-2019 | 61-72 Months | 6.24% | $16.69 |
| Auto: 2018-2007 | <= 36 Months | 6.94% | $30.85 |
| Auto: 2018-2007 | 37-48 Months | 6.94% | $23.92 |
| Auto: 2018-2007 | 49-60 Months | 7.14% | $19.87 |
1 Standard vehicle financing guidelines apply. Vehicle loans are available for the purpose of purchasing a new or used vehicle (automobile, truck, or motorcycle) or refinancing an existing vehicle loan. Existing Sikorsky Credit Union loans are not eligible. Commercial vehicles and vehicles with rebranded titles (total loss, flood, rebuilt, etc.) are not eligible for financing.
2 APR = Annual Percentage Rate. Conventional Auto Loan Rates shown are for purchases or refinances from another lender (existing Sikorsky Credit Union conventional loans are not eligible for refinance). Rates and terms are subject to change without notice.
Rate is determined by your credit history and term. Rates may range from 4.34% to 11.79% for model years 2027-2025 and reflects a .25% discount for automatic payments from a Sikorsky Credit Union account. Other rates and terms available. Loans for model years 2024 and earlier are available at higher rates and different terms.
Payment example for a borrower with top tier credit: For a term of 60 months at a rate of 4.34% the estimated monthly payment is $18.57 per $1,000.00 borrowed. Rates, monthly payments and examples are estimates and provided as a courtesy only.
3 Dollars per $1,000 assumes $25,000 loan and is based on the maximum term allowed per loan product
Today's Rates
Frequently asked car loan questions
Yes, you can. Refinancing an auto loan you have with another lender to Sikorsky Credit Union may save you money. Learn more on our Auto Refinance page.
The difference between what you pay for the vehicle and the residual value is used to determine the principal portion of your payment, which results in a lower monthly payment than conventional financing.
Residual value is established based on the term of the loan using industry approved guidelines similar to leasing. The Advantage Auto Loan uses standard industry residual values. The residual value is not inflated to arrive at an arbitrary lower payment. This means if you elect to keep the vehicle upon loan termination you will not have to pay an inflated price to pay off the loan.
You can select a 7,500, 10,000,12,000, 15,000, or 18,000 miles per year option. The excess mileage cost is only $.10 a mile, unlike leasing which can cost up to $.25 per mile. End of term fees only apply if you exercise the "walk- away" option.
No, we do not. Many leases require the first and last payments to be made at the time of loan disbursement-our Advantage Auto Loan does not.
Yes, you can. Because you own the vehicle you may pay the loan off, sell the vehicle, or use it as a trade-in at any time during the term of the loan—without any penalty. With a traditional lease, these options typically come with a stiff "early termination" fee.
With traditional leasing, if you decide to keep your vehicle, you have to buy it out. Which means you'll pay tax, title and license on the vehicle you've been driving. With the Advantage Auto Loan, you simply refinance your balance into a conventional loan, no additional charges. It's already titled in your name.
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