Star One vehicle loans are available for the purchase and refinance of autos, trucks and recreational vehicles. Members may complete an application and will receive a decision in less than 60 seconds. The Credit Union offers both new and used vehicle loans at below-market rates.
New Auto
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.
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 a 7-year maximum term and a fixed interest rate.
Classic Used Auto 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 CUDL loans, Autoland, the The IFMA, 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
Auto Loan ModificationYou 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 Auto LoansIf 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.