Car Loans
Star One car loans are available for the purchase and refinance of cars, trucks, vans, and SUVs. The Credit Union offers both new and used vehicle loans at below market rates.
Congratulations on your decision to purchase a vehicle with financing through Star One Credit Union. Please click on the statement below that describes your current car buying situation.
- I am a member purchasing a vehicle at a California Dealership only.
The above link takes you to CarSMART, where you can get an online preapproval, research, and purchase your next new or used car from any CUDL dealership within the state of California. Here you may also complete and print the "Smart Approval Response" form and present it to the CUDL dealership of your choice. This will speed up the application and financing process.
OR
- I am a member or a non-member needing another type of financing, such as:
- refinance
- private party purchase
- lease
- outside of California vehicle purchases
New Car Loans
Finance up to 100% of the purchase price, plus tax, license and service contracts. New auto loan rates and terms apply to current year models, new prior year models and current year demonstrators with 5,000 or fewer miles that have never been registered. There is no maximum auto loan limit. New auto loans have a 7-year maximum term and a fixed interest rate.
Used Car Loans
Finance up to 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. Used vehicles can be up to 10 years old. Used auto loans have up to a 7-year maximum term and a fixed interest rate.
Classic Used Car Loans 
Automobiles listed in the Cars of Particular Interest Price Guide (CPI) can be financed up to 80% of the purchase price, excluding tax and license, or the average CPI value, whichever is lower. Classic used auto loans have a 5 year maximum term and a fixed interest rate.
Star One's Car Buying Resources page provides you with information that can help you find the right new or used car. Here you will find information on CarSMART loans, Autoland, GAP and MMP Protection, and access links to the Kelley Blue Book, Edmund's Automobile Buyer's Guide, the Center for Auto Safety, and Star One loan calculators.
Rate Modifications & Refinancing
Car Loan Modification
You may be eligible to take advantage of Star One Credit Union Modification Program. This is an opportunity for members to reduce their interest rate on their current auto loan and have a choice either to reduce the payment or keep the payment the same.
A $50.00 fee will be assessed to modify a Star One auto loan. If approved, we will adjust your monthly payment 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, please complete and print the Modification Request & Agreement form. Fax the completed & signed form to the Loan Services Department at (408) 543-5203 or call (408) 543-5202 and ask for a Modification Request & Agreement form. The credit union will review and advise the member of the rate and terms of the modification within 48 hours (Monday - Friday) of receiving the completed form.
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/or may be able to extend the term for repayment. By refinancing your auto loan with Star One Credit Union, a low rate may also be available.
To refinance your current Star One auto loan, you must complete the online application. Choose "Autos" then "Refinanced Auto" from the menu.
The loan amount will be based on the Kelley Blue Book/NADA and the member's creditworthiness. Some restrictions may apply. A $50.00 fee will be assessed to refinance a Star One Automobile Loan.
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*
* 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.
