Auto Loans

Find the right car and get great financing

Cedar Point Federal Credit Union® makes it easy to find your dream vehicle and secure the loan you need to begin enjoying the ride.

With rates as low as 3.49% APR*, it’s a great time to shop for a new car, apply for an auto loan, or refinance your current loan. With just a few clicks, you can apply online and receive a response within minutes.

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Rates information is accurate as of April 1, 2026.

Auto Loan Interest Tax Deduction for 2025

The interest you paid on your auto loan may be tax-deductible depending on your individual tax situation. You can find the total interest paid in 2025 listed on your December statement. If your auto loan was paid off earlier in the year, your year-to-date interest total was provided on the statement following your final payment.

To confirm whether your vehicle qualifies based on final assembly location, you may visit the U.S. Department of Transportation VIN Decoder at: https://vpic.nhtsa.dot.gov/decoder/

Cedar Point Federal Credit Union® and its employees cannot provide tax advice. Please consult your CPA or tax preparer to determine whether you qualify for this deduction.

Our Dealership Partners

We’ve partnered with some local dealerships in the tri-county area to provide you with the easiest experience when purchasing a new vehicle. This process allows you to purchase a vehicle from any of our participating dealerships and get financing through Cedar Point without having to come into a branch! Our competitive rates are offered at the dealerships listed below.

Refinance a Loan

Free up cash flow and you might save on your car loan payments with a vehicle financed through Cedar Point.

When you refinance, you pay off your old loan with a new loan and new terms. Since payments with a longer loan term are spread out over more months, the monthly payment could be significantly less than the monthly payment of a shorter loan term. Having to pay less each month can help free up cash flow and give you more flexibility in your monthly budget.

What You’ll Need to Refinance

• Your identification
• The VIN number of the specific auto
• The vehicle make and model
• Vehicle mileage (for a pre-owned auto)
• List of your vehicle’s options
• A copy of the vehicle title or registration
• Proof of insurance

You can apply online for an auto loan refinance or in-person at a Cedar Point branch location near you. Our helpful and friendly staff are ready to assist you. Refinance does not apply to loans already financed through Cedar Point. Other limitations may apply.

Apply Online

Find a Branch

Making your loan payment

Need help understanding your loan payment? View our helpful article.

Understanding your loan payment

Vehicle Insurance

Mechanical Repair Coverage

As vehicles get older and miles add up, the likelihood for repairs increases. Mechanical Repair Coverage*** can help you limit out-of-pocket costs for covered breakdowns. Research, compare and buy Mechanical Repair Coverage, and you can take advantage of:
 

• Convenience – easy-to-use, 24/7 online shopping experience
• Customer service – expert service through a dedicated call center

You can apply for Mechanical Repair Coverage in-person at a Cedar Point branch location near you. Our helpful and friendly staff are ready to assist you.

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Guaranteed Asset Protection (GAP)

Our Guaranteed Asset Protection (GAP)**** program may reduce or eliminate the gap between what your vehicle insurance will pay and what you owe on your loan, if your vehicle is deemed a total loss. It can help cushion you and your family against sudden out of pocket expenses.

You can apply for GAP in-person at a Cedar Point branch location near you. Our helpful and friendly staff are ready to assist you.

Find a Branch

*APR = Annual Percentage Rate. Limitations Apply. Rates not available for vehicles already financed through Cedar Point. Rates are accurate as of April 1, 2026.

‡CPFCU will finance based on credit and retail value of the vehicle. See Auto Loan Rates [link to provided PDF] for details.

**Vehicle must be 10 model years or newer at the end of the 84-month term.

***Mechanical Repair Coverage is provided and administered by Consumer Program Administrators, Inc. in all states except CA, where coverage is offered as insurance by Virginia Surety Company, Inc., in WA, where coverage is provided by National Product Care Company and administered by Consumer Program Administrators, Inc., in FL, LA , and OK, where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023 and Oklahoma License #44198051), all located at 175 West Jackson Blvd., Chicago, Illinois 60604, 800.752.6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc. In CA, where Mechanical Repair Coverage is offered as insurance (form MBIP 08/16), it is underwritten by Virginia Surety Company, Inc. Coverage varies by state. Replacement parts may be used or remanufactured. Be sure to read the Vehicle Service Contract or the Insurance Policy, which will explain the exact terms, conditions, and exclusions of this voluntary product. MRC-2341946.2-1020-1122 © CUNA Mutual Group 2020.

****Your purchase of MEMBER’S CHOICE™ Guaranteed Asset Protection (GAP) is optional and will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions, and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP fee to your loan amount will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid. GAP purchased from state-chartered credit unions in FL, GA, IA, RI, UT, VT, and WI, may be with or without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you choose a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee. GAP purchased from state-chartered credit unions in CO, MO, or SC may be canceled at any time during the loan and receive a refund of the unearned fee. GAP purchased from state-chartered credit unions in IN may be with or without a refund provision. If the credit union offers a refund provision, you may cancel at any time during the loan and receive a refund of the unearned fee.

GAP-2453288.1-0319-0421 © CUNA Mutual Group, 2019. All Rights Reserved