NEXT Auto Loan

Road Trips Always Start with the Best Intentions.

When trying to buy a car, people with limited credit typically ride the catch-22 wheel of shame. No credit history? Sorry, no car loan. No car loan? Sorry, no credit history. Stop the madness! Your NEXT Auto Loan will give you credit where credit is due.

We'll look at what you have done, not what you haven't. Then we'll help you get flexible terms, a competitive rate, and the chance to build a positive credit history. Here's the lowdown:
  • No co-borrower or guarantor required (was that a sigh of relief we just heard?)
  • Minimum Loan Amount: $5,000
  • Maximum Loan Amount: $12,500 on an individual basis (meaning no co-signer)
  • Terms up to 48 months for loans $7,500 or less, 60 months for loans over $7,500
  • Only 5% down payment required (that's way less than the other guys)
  • Funding up to 100%* of NADA Retail Value
  • Fixed rate of 8.99% APR** (no matter what year the vehicle is)
  • Fast and convenient approval (apply online 24/7)
  • You gotta have a checking account with Northern.
What's next is so amazing, we had to separate it from the pack:
  • On Time Payment Incentive. If you make on time payments, you'll be eligible for cash back incentives each year. And if you make all 60 payments on time***, you will receive a total of $375 back.
    • First 12 payments on time - $25 deposit
    • Payments 13-24 - $50 deposit
    • Payments 24-36 - $75 deposit
    • Payments 37-48 - $100 deposit
    • Payments 49-60 - $125 deposit
Wow, you just bought the vehicle you want, all on your own. And we just PAID you to establish excellent credit. Regular banks just can’t hang with NEXT.

To get started on the right foot and get one step closer to your brand new car, apply online and take our "Credit Matters" mini-course.

*Includes sales tax, license and warranty
**APR = Annual percentage rate. Includes a ¼ percentage point discount for payment through automatic transfer from a Northern FCU checking account. The monthly payment for a $12,500 NEXT auto loan at 8.99% APR the would be $311.02.
*** Payments are considered “on time” when they are made within 30 days of the loan's due date.  If there are any late payments made on the loan then eligibility for this payment incentive program will be void.



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