Looking to finance your very first car? With our First Time Auto Buyer Program, you can get the financing you need with little to no credit history—all that without a cosigner!1
All You Get with a First Time Auto Buyer Loan
Get Financing with Limited Credit
Finance your first car even if you have a limited credit history, and start building a solid credit record with on-time payments.
Skip the Co-Signer
Avoid complications. You can get up to $20,000 for your car without needing a co-signer.1
Secure a Reliable Car
Borrow up to $25,000 to get a car that will last and keep you on the road for years.
Enjoy Manageable Payments
Choose between flexible terms of up to 60 months to ensure your monthly payment fits your budget comfortably.
How the First Time Auto Buyer Program Works
Financing your first car doesn’t have to feel overwhelming. Our First Time Auto Buyer Program is designed to make the financing process easier, with flexible terms and competitive rates to help you get that new or used car you’ve been dreaming of.
Here are the details of the First Time Auto Buyer Program:
- Borrow up to $25,000
- Skip the co-signer for loan amounts up to $20,000
- Choose flexible terms up to 60 months
- Finance up to 100% of the invoice
- Eligible for vehicles less than 10 years old with under 100,000 miles
- Designed for borrowers with no previous auto loans on their credit report
- Requires a minimum credit score of 620
Member Loyalty Discounts
As a member, we like to reward you for your loyalty. You may qualify for a 0.50% APR discount on your approved First Time Auto Buyer Loan—just one more way we help make your first car more affordable.
Eligibility
- Active checking relationship = An active checking relationship is defined as having an open checking account with a minimum monthly direct deposit of at least $750, active use of online or mobile banking (log in at least once every 90 days), and either debit card usage of at least 10 transactions per month or an active credit card and at least 3 ACH transactions per month.
- Eligible loans include auto, RV, boat, motorcycle, and signature (personal).
Competitive Rates for Your First Auto Loan
Applying for a First Time Buyer Auto Loan is Easy!
“Hollie helped me so much with the first time auto buyer program. Being a young adult, she set me up perfectly for my first car. Thank you to Hollie and BR Telco for being there for me!”
