Own Your New Car Outright – No Hidden Costs, No Surprises

Looking to finance a car? With Altura Credit Union’s Garage Used Vehicle Purchase Loan, you’ll enjoy the peace of mind that comes from owning your car outright — right from the start. At a competitive rate of 6.9% (7.1% APR), this popular loan makes it easier than ever to get on the road with simple terms, flexible repayments, and no hidden costs.

Why Choose Our Garage Used Vehicle Purchase Loan?

• For Used Cars Bought from a dealership
• Low Interest Rate – Just 6.9% (7.1% APR)
• Flexible Terms – Borrow over a period of up to 5 years
• NO balloon payments
• NO early repayment penalties

When you’ve picked your car from a dealership, we’ll transfer the funds directly to the dealer or issue a cheque in their name. This acts as proof of purchase and secures your promotional rate.

Buying Privately? Once you receive your Vehicle registration certificate for your car, you have the option to convert to 6.9% (7.1% APR). The registration certificate must be supplied as proof of car purchase. This will verify the car make, model & date of registration. If you wish to do this, please contact us for further information.

What You Need to Know

• Loan funds must be paid directly to the garage (by cheque or electronic transfer with invoice-provided IBAN and BIC)

• Proof of purchase required, such as an invoice or quotation from the garage

Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future. **Loans are subject to approval. Terms and conditions apply. APR= Annual Percentage Rate

Apply Now

Apply online via Online Banking, call us on 0818 345 925 or speak to us in your local branch. 

You can complete an enquiry form if you would like a call back.