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Morton Lane Federal Credit Union

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Car Loans

New & Used Car Loan Rates in Buffalo, NY

Morton Lane Federal Credit Union can help you secure the money you need for a new or used vehicle. We’ll find you the lowest interest rate possible, and we offer personalized service that’s unmatched by anyone else.

Not a member? Just donate to our foundation!

Students at UB and Buff State, as well as Roswell employees, have free membership to Morton Lane Federal Credit Union and our new and used car loan rates. However, a simple $10 donation to the Morton Lane Charitable Foundation automatically qualifies you for membership as well! Join the Credit Union today to get access to these low rates!

Person holding keys with a car

Considerations When Buying A New or Used Vehicle

  • Aim for a vehicle in your price range. You want to ensure that your monthly car loan payments can be easily maintained and are within your monthly budget. You can select the term length for your new or used auto loan to ensure you will be able to make the payments.

  • Test drive the vehicles you are interested in. If you can, try to drive the vehicle in different environments and road conditions to see how it performs and if you feel comfortable operating it.

  • Explore promotions and manufacturer incentives. Be sure to ask about any current or upcoming promotional offers that may lower the price of the vehicle you’re interested in so you can get the best rate.

  • Give yourself time to evaluate your options. Carefully spend time at the dealership examining all the vehicles you are interested in and that are within your budget. Avoid making a quick decision and consider all available options.

  • Have a mechanic inspect a used vehicle before purchase. If possible, take the vehicle to a trusted mechanic before you buy. Make your offer contingent on a successful inspection.

If you have already found the car of your dreams and require an auto loan, contact Morton Lane Federal Credit Union today. We offer great rates for new car loans and used car loans. Click below to access our online loan application!

Apply for Your New or Used Car Loan today!

Click below for an all-in-one application.

Loan Application

Rates & Terms

Loan Rates as of 2/1/19:

New Automobile

  • 7-year maximum term

  • up to 72 months at 3.50%

  • 73 to 84 months at 4.00%

Used Automobile

  • 6-year maximum term

  • 1-5 years at 4.50% APR, or 6 years at 5.00%

Note: The loan rates stated above will be 1.00% more for members who do not repay their loan through auto pay.

People smiling inside a car

Tips to Apply for Vehicle Loans

Tip #1

All in one application is used to:

  1. Join the Morton Lane FCU and deposit $5 to open an account
  2. Fill out the Loan Application.
  3. Join the Morton Lane Charitable Foundation if you need to be added to a group and donate $10

Tip #2

Federal Credit Unions require that you belong to a group to join our credit union. Click here for a list of all of the groups.

Tip #3

If you do not already belong to one of our groups, choose Morton Lane Charitable Foundation from the drop-down menu and you will be added to that group by donating $10 at the end of the application.