New and Used Auto Loans - GreenState Credit Union

Auto Loans

Low cost loans for new and used cars are GreenState's specialty. As one of the top auto lenders in Iowa ⁴ we offer a variety of terms to meet your needs and your budget.

Check today's rates

Apply Online in Minutes

Drive Happy with a low rate auto loan

No payments for up to 60 days 1

When you finance your vehicle purchase with GreenState Credit Union you can schedule your first payment up to 60 days later. Making loan payments is easy too! Quickly pay loans by transferring funds from a GreenState checking or savings account or set up transfers from any US based checking or savings account.

No Down Payment Required, 100% Financing Available

We understand that needing a car doesn't always line up with having a down payment ready. In many cases a down payment is not required to finance a new or used vehicle.

Cash Back Refinance

Do you have your auto loan with another financial institution? Try our Cash Back Auto Loan. Receive $100 cash back when you bring your auto loan to GreenState. We may be able to lower your rate and lower your payment. 2015 or newer model vehicles only. This is a limited time offer subject to credit approval. Minimum rates apply.

Skip A Payment

Need a little extra room in your budget? Eligible borrowers may request to skip a loan payment (restrictions apply) 2. Skip a payment requests can be submited via GreenState Online Banking or Mobile App.

Simple Loan Calculator

With an APR and Term (months) you can choose to calculate your total loan amount or monthly payment.

Simple Loan Calculator

Auto Loan Rebate Calculator

Compare total savings between cash back rebates vs low interest financing. In many cases a cash back rebate and traditional financing offer the best savings!

Auto Loan Rebate Calculator

Where and When to Apply for a Loan

Whether you're a first time buyer looking for advice or a seasoned pro ready to sign and drive, our professionals at GreenState are ready to help. Choose an option that's best for you!

Option 1 - Apply for Pre-Approval at a GreenState Branch

Applying for pre-approval for an auto loan is a great choice, especially if you're still shopping around and haven't settled on a particular car yet. With a pre-approval you'll have a budget and terms taken care of which means you can talk about a car's price rather than monthly payments and financing.

Option 2 - Find a Car, Visit a GreenState Branch for a Loan

If you've got a specific car picked out you can visit any GreenState branch to apply for an auto loan from a friendly GreenState team member.

Option 3 - Take care of it all at the dealership

Many auto dealers in Iowa have partnered with GreenState and can take care of the loan paperwork for GreenState members at the dealership! Ask your dealer if they're a GreenState partner or call 800-397-3790 to find out about dealer partners near you.

Additional Protection

GAP Insurance

GAP insurance helps protect you if you suffer a total loss of your vehicle and the insurance payout is less than the amount owed on your loan, it covers that 'gap'. GreenState offers GAP insurance on most loans; usually at a much better price than you'll get at a dealership or insurance company.

PayBreak Debt Protection

Getting any loan can be a bit of a financial gamble because things happen...life happens. PayBreak Debt Protection 3 is a voluntary loan-payment protection product that helps you get relief from the burden of delinquency or default if a protected life event happens. Protected events include: loss of life, disability or involuntary unemployment. Call (800) 397-3790 and ask about protecting your loans, today.

Extended Service Warranty

Most new and used vehicles financed with GreenState can have an Extended Service Warranty added to the loans cost. The warranty program has various tiers available that cover different parts and types of breakage. An Extended Service Warranty is a great way to help soften the blow of a broken down vehicle and get you back on the road in no time.

Purchase of additional protection products (GAP Insurance, PayBreak Debt Protection, Extended Service Warranty) is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan.

Auto Loans Frequently Asked Questions

How do I make a payment for my GreenState auto loan?

You can make auto loan payments from a GreenState checking or savings account in Online Banking by making an internal transfer to the loan.

You can make auto loan payments with a non-GreenState debit card or bank account in our Online Payment Center.

You can make auto loan payments in person at any GreenState branch, or by calling (800) 397-3790 to discuss other payment options.
What are the insurance requirements for GreenState auto loans?
Borrowers must provide proof of insurance that shows the following items:
1. Lienholder / Loss Payee: GreenState Credit Union, P.O. Box 2248, Sioux City IA 51104
2. Must have Comprehensive and Collision coverage on vehicle with a deductible less than or equal to $1000.
3. Vehicle listed on policy must match vehicle on loan document.
4. Policy number, period, and company name must be listed.
5. No excluded drivers can be listed.
Where is my vehicle's title?

Your vehicle's title is held by GreenState until your loan is paid in full. Once a final payoff amount is received title processing takes between 2-3 weeks.

1 -	Subject to creditworthiness. Interest will continue to accrue through the deferred payment period.
2 -	Subject to approval. Interest will continue to accrue on loans during the month(s) a payment is deferred.
3 -	Your purchase of PayBreak is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of PayBreak.
4 -	Source: Experian Auto Count Market Report