Auto Loan Rates

You're in the driver's seat, headed toward the right rate.

Ideal for vehicle purchases or auto loan refinances

Coastal is your co-pilot.

You're driven to find the best deal on your auto loan. Coastal should be your first stop. Our auto loan rates help North Carolina neighbors like you save money each month. For your vehicle financing needs, Coastal leads the way.

Auto Loan Rates

Model Year APR Fixed
2021-2017 as low as 2.50% APR*
2016-2015 as low as 2.94% APR*
2014-2010 as low as 3.94% APR*
2009-2005 as low as 5.44% APR*
Financial Education Center
Financial Education Center
Control your finances with a wealth of knowledge.

Having this account allowed me to save for college and now I have the opportunity to pay for my education without having to worry about dividend.
Claudia M.

Frequently Asked Questions

The primary savings is considered the membership account which provides our members with voting rights at the credit union and will always need to remain open and active as long as there are share products or loan products listed under the housing account.

There are two options to make principal only payments. (Excludes first mortgages and VISA Credit Cards)

You can pay an extra amount at the same time you make your regularly scheduled payment. The extra amount paid will automatically be applied to the principal balance. The regular payment and the extra amount must be applied on the same date with this option.

You can make principal only payments at other times as long as your loan is current. Please note, a principal only payment will not advance your due date, and will not take the place of normal monthly payments.

When mailing a check for principal only payments, clearly indicate in the memo section of the check, "PRINCIPAL ONLY" and the account number. Any payment applied as principal and interest, that is not notated "PRINCIPAL ONLY", cannot be reversed and reapplied later.

Please send payment to:
Coastal Federal Credit Union:
ATTN: Payments/Deposits:
PO BOX 58429, Raleigh NC 27658-8429

Please email with any questions.

Yes, if you wish to add more funds to your loan or increase it in anyway a new application will need to be submitted

Coastal only issues 1098 Mortgage Interest Statements for accounts that paid $600 or more in interest during the calendar year. The exact amount of interest paid on your mortgage loan is listed on your December statement.

*APR = Annual Percentage Rate. Your rate may vary and is determined by your credit qualifications, amount financed, collateral, and loan terms. Other rates and terms available. All rates and terms are subject to change without notice. Existing Coastal Federal Credit Union and Freedom Federal Credit Union auto loans are not eligible. No additional discounts available. Interest accrues daily. For a $25,000 loan amount, a term of 48 months with a 2.84% APR fixed (includes equity discount), the monthly payment will be $552.24. For a $25,000 loan amount, a term of 84 months with a 3.34% APR fixed (includes equity discount), the monthly payment will be $334.65.

Need help?

Or Call Us