Financing Options

Financing-OptionsWhether you want a hot new car or opt for a vehicle that's been around the block a few times, First Northern Credit Union can put you in the driver's seat. We offer up to 100% financing, flexible terms – even payroll deduction to make paying your loan more convenient.

Traditional Financing 

We have highly competitive rates for new and used cars, whether purchased from a dealership or private party. We finance up to 100% of the purchase price and offer terms up to 72 months for new cars.  We finance used vehicles, seven model years or newer.

First Northern's Driving Sense™ 

A low payment vehicle loan that combines the best features of conventional financing along with the benefits of leasing. Like a lease, Driving Sense offers considerably lower payments. Yet unlike leasing, you own the vehicle and have all the flexibility and benefits that come with vehicle ownership. There are no acquisition fees, disposal fees or early termination fees. You always have the option to sell, trade, finance or return the vehicle at the program’s end.

First Northern's Auto Equity Loan

If you are a homeowner in Illinois, you may qualify for an Auto Equity Loan. This is an auto loan that may allow a tax deduction on the interest paid. As with any tax-related concern, consult a tax advisor.




New Vehicle Loans

For Driving Sense & Auto Equity Programs, contact a Financial Service Advisor.

Up to 29 months 1.99% APR*
30 - 41 months 2.49% APR*
42 - 53 months 2.79% APR*
54 - 65 months 2.99% APR*
66 - 72 months 3.99% APR*


Used Vehicle Loans (2008 models or newer)

For Driving Sense, Auto Equity Programs and used vehicles older than six model years, contact a Financial Service Advisor.

Up to 62 months 2.99% APR*
63 - 66 months 3.49% APR*
67 - 72 months 3.99% APR*


Motorcycle Loans

New (as low as) 4.99% APR*
Used (as low as) 5.25% APR*

*APR = Annual Percentage Rate. Subject to credit approval. Rates are subject to Lender’s credit criteria, certain conditions, and restrictions. Your rate and corresponding APR may be higher than the published rate. Rates are subject to change at any time without notice. No annual fee.