Coastal is posting Advance Child Tax Credit Payments as soon as the funds are received. For more information, learn more

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.

Credit unions have a history of being the best auto lenders in the world. Coastal is no different. In fact, here’s how Coastal helps you bank better with Auto loans:

  • Great Rates: we consistently offer the best rate we can. In fact, nearly half of all our approvals received interest rates below 3% APR1
  • Auto Refinance Guarantee: we’re so confident in our product, we have a guarantee around it. If we can’t save you $100 per month on your auto loan payment, we’ll give you $200 on the refinance you fund with Coastal2
  • 90 Days3 to first payment: perfect option to save your hard earned paycheck
  • No Pre-Payment Penalty: it doesn’t make any sense to penalize you for paying off a loan early…so we don’t!

Auto Loan Rates


Up to 48 months
APR4 as low as

49 to 66 months
APR as low as

67 to 84 months
APR as low as
2018 - 2021 2.50% - 3.49% 2.50% - 3.49% 2.50% - 3.99%
2016 - 2017 2.50% - 3.49% 2.50% - 3.49% 2.50% - 3.99%
2012 - 2015
(max term 72mo)
3.99% - 4.99% 3.99% - 4.99% 3.99% - 4.99%
2011 & Older
(max term 60mo)
4.94% - 6.34% 5.94% - 6.94% - Not Available -
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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.

You have several options to make principal-only payments. These options exclude VISA®️ Credit Cards. In order to process any of the principal-only payment options, your regularly scheduled payment must be made first.

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

If you have already made your regular payment and want to make a principal payment, you can:

2. Send a secure message through our online banking system requesting a principal-only payment be made.

3. Visit a branch and make a principal-only payment at the personal teller machine (PTM).

4. Mail in a check to: Coastal Credit Union, Attn: Payments, P.O. Box 58429, Raleigh, NC 27658-8429.   When mailing a check for principal 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 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.

All Loans are subject to approval. The rates listed above are for borrowers with scores 640 or higher. Financing is available for borrowers with scores lower than 640, however, their rates may be higher depending on their score.  

1. 49% of applications approved in October 2020 qualified for an interest rate less than 3%. 

2. Savings of $100 each month may not be available to all applicants. $200 will be credited to the members share/checking account between 0 and 5 days of the loan origination date.

3. 90 days to first payment as a benefit when you purchase or refinance your auto loan from another lender. Interest will continue to accrue during the 90 day no payment period.

4. APR = Annual Percentage Rate. Your rate may vary and is determined by your credit qualifications, amount financed, collateral, and loan terms. Rates shown are for credit scores 640 or higher; however, 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 2.50% APR fixed, the monthly payment will be $547.85. For a $25,000 loan amount, a term of 84 months with a 2.99% APR fixed, the monthly payment will be $332.48.

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