Car Loans
Members and Non-Members 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!
A special note about pre-approvals. If you see a pre-approval banner displayed in Online Banking, simply click on it and complete the short form. If you're a member and plan to purchase your car from a CUDL dealer in California, you may choose to complete the CarSmart form mentioned above for a faster and easier process.
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
- Up to 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
Visit our Car Buying Resources page for 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.
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.
Rate Modifications & Refinancing
Car Loan Modification
You may be eligible to take advantage of Star One Credit Union's Modification Program. This is an opportunity for members to reduce their interest rate on their current auto loan financed with Star One and have a choice either to 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 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 click on the "Apply" button beside "Modify Car Loan" and 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 you of the new rate 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 receive a great low rate and flexible terms.
To refinance your current Star One auto loan, you must complete the online application above. Choose "Autos" then "Refinanced Auto" from the menu.
The loan amount is based on Kelley Blue Book/NADA value and the member's creditworthiness. Some restrictions may apply. A $75.00 fee will be assessed to refinance a Star One Automobile Loan.
