Car Loans
Auto loans at Star One offer more than great rates. With terms of up to 7 years, loan rate discount programs, as well as other valuable Car Buying Resources such as Autoland's premier credit union auto buying service and GAP and other protection plans, you can't go wrong with a Star One auto loan.
A special note about pre-approvals. If you see a pre-approval banner in Online Banking, simply click on it and complete the short form. Members who plan to purchase a car from a CUDL dealer in California may alternately choose to complete the CarSmart form mentioned below for a faster and easier process.
Apply
Members and Non-Members (eligibility requirements) can apply here for the following loan types:
| New Cars |  |
| Used Cars | |
| Private Party Purchases | |
| Non-California Purchases | |
| Refinance Car Loan | |
| Modify Star One Car Loan | |
| Classic Used Cars | |
| Motor Homes & RVs | |
| Motorcycles & Boats | |
California Members Only
CarSmart California CUDL Dealerships*
| New Cars | |
| Used Cars | |
*Complete and print the pre-populated "SmartApproval Response" form and present it to the CUDL dealer. This makes Star One financing fast and easy!
Car Loan Types
New Car Loans
- 100% of the purchase price, plus tax, license and service contracts
- For current year models, new prior year models and current year demonstrators with 5,000 or fewer miles that have never been registered
- No maximum auto loan limit
- 7-year maximum term
- Fixed interest rate
Used Car Loans
- 100% of the Kelley Blue Book or NADA Used Car Price Guide retail value, or
- 100% of the purchase price, including tax and license, whichever is less, plus service contracts
- Less than 10 years old
- 7-year maximum term
- Fixed interest rate
Classic Used Car Loans
- Automobiles listed in the Cars of Particular Interest Price Guide (CPI)
- Up to 80% of the purchase price, excluding tax and license, or 80% of the average CPI value, whichever is lower
- 5-year maximum term
- Fixed interest rate
Variable Motor Home, Recreational Vehicle, Motorcycle and Boat Loans*
Finance up to 80% of the appraised value or purchase price, whichever is lower.
- New and Used Motor Homes and Recreational Vehicles - maximum loan $100,000, maximum term 10 years*
- New Motorcycles (no dirt bikes) - maximum loan $25,000 or 80% of purchase price, maximum term 5 years*
- New and Used Boats - maximum loan $50,000, maximum term 5 years*
Rate Modifications & Refinancing
Car Loan Modification
Loan Modifications let members reduce the interest rate on their current Star One auto loan, and may choose to either reduce the payment or keep the payment the same. A $75.00 fee will be assessed to modify a Star One auto loan. If approved, we will adjust your loan based upon the new rate and the remaining months of the original loan. All modified loans will receive the used auto loan rate based on the member's creditworthiness. Some restrictions may apply.
To apply, click on the "Apply" button beside "Modify Car Loan" in the table above and complete and print the Modification Request & Agreement form and return to us (instructions are on the form). You may also apply in Online Banking behind the "Online Forms" tab.
Refinancing Car Loans
If you are looking for a personal loan, here is an opportunity to refinance your current auto loan for cash out and receive a great low rate and flexible terms. To refinance your auto loan, whether currently financed with Star One or another financial institution, you must complete the online application above. Choose "Autos" then "Refinanced Auto" from the menu. The loan amount is based on the Kelley Blue Book/NADA value and the member's creditworthiness. Some restrictions may apply. A $75 fee will be assessed if refinancing an existing Star One automobile loan.
* The interest rate on quarterly variable rate loans is determined by an index. This index is the thirteen-week average auction rate of the 26-week Treasury Bills, rounded to the nearest quarter of a percentage point. The interest rate is calculated by adding a five percentage point margin to the index.
