New Auto Loans

Ocean State Credit Union offers a variety of secured and unsecured consumer loan options.

What are Secured Loans?

A secured loan is when collateral is used as security for the repayment of a loan. An example of a Secured Loan is when you buy a vehicle and use the car as collateral to secure repayment of the loan.

New Auto, Truck or Van Loans:

  • OSCU will finance up to 100% of the purchase price plus the tax, warranty and license fee's with GAP on the loan.
  • Depending on the vehicle you buy, repayment terms range from 36 to 84 months.
  • The interest rate is a fixed rate, for the term of your loan.
  • Payments can be made automatically from your checking or savings account or by cash or check.
  • Payment Protection is available.

New Auto Loan Rates

Must have full insurance coverage. Vendor's Single Interest (VSI) fee of $24.00 is required on all vehicle loans.

Ask us about the benefits of GAP Coverage...

GAP coverage can be very beneficial with little expense. We offer very affordable GAP coverage that may be added right into your monthly loan payment!

rates_auto_newvehicle table
MinimumTermRate (as low as)Notes
Up to 36 MonthsRefinance New 4.00% APR+10% Down Payment or GAP Coverage
Up to 60 monthsNew 3.75% APR Refinance 4.24% APR+10% Down Payment or GAP Coverage
$10,000 minimumUp to 72 monthsNew 5.00% APR15% Down Payment or GAP Coverage
$20,000 minimumUp to 84 monthsNew 5.50% APR15% Down Payment or GAP Coverage

Rates effective as of August 3, 2018

*APR = Annual Percentage Rate

Rates Are Subject To Change at anytime without notice

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Pre-Owned Auto Loans

  • OSCU will finance up to 100% of NADA retail book value for used autos, eight model years old or less with Guaranteed Asset Protection (GAP).
  • Terms of repayment range from 24 to 60 months for vehicles which are eight years old or less, depending on the year of the vehicle.
  • Payments can be made automatically from your checking or savings accounts or by cash or check.
  • Payment Protection is available.

Ask us about the benefits of GAP Coverage...

GAP coverage can be very beneficial with little expense. We offer very affordable GAP coverage that may be added right into your monthly loan payment!

rates_auto_usedvehicle table
Vehicle YearTermRate (as low as)Notes
Model Year 2015-201660 Months4.00% APR15% Down Payment or GAP Coverage
Model Year 2013-201448 Months4.24% APR15% Down Payment or GAP Coverage
Model Year 2011-201236 Months4.24% APR15% Down Payment or GAP Coverage
Model Year 2009-201024 Months4.24% APR15% Down Payment or GAP Coverage
Older Model Vehicle24 months8.24% APR15% Down Payment or GAP Coverage

Rates effective as of August 3, 2018

*APR = Annual Percentage Rate

Rates Are Subject To Change at anytime without notice

APPLY NOW

Motorcycle Loans

Must have full insurance coverage. Vendor's Single Interest (VSI) fee of $24.00 is required on all motorcycle loans.

Ask us about the benefits of GAP Coverage...

GAP coverage can be very beneficial with little expense. We offer very affordable GAP coverage that may be added right into your monthly loan payment!

rates_auto_motorcyle table
Vehicle YearTermRate (as low as)Notes
New36 months4.25% APR15% Down Payment or GAP Coverage
New60 months4.75% APR15% Down Payment or GAP Coverage
Used36 months5.75% APR15% Down Payment or GAP Coverage

Rates effective as of August 3, 2018

*APR = Annual Percentage Rate

Rates Are Subject To Change at anytime without notice

APPLY NOW

New Recreational Vehicle Loans

Must have full insurance coverage. Vendor's Single Interest (VSI) fee of $73.00 is required for all RV loans.

Ask us about the benefits of GAP Coverage...

GAP coverage can be very beneficial with little expense. We offer very affordable GAP coverage that may be added right into your monthly loan payment!

rates_auto_newrv table
Borrowed AmountTermRate (as low as)Notes
$25,000 and less84 months9.00% APR20% Down Payment
$25,001 to $35,000120 months9.00% APR20% Down Payment
$35,001 to $50,000180 months9.00% APR20% Down Payment
$50,001 and Higher180 months9.00% APR20% Down Payment

Rates effective as of August 3, 2018

*APR = Annual Percentage Rate

Rates Are Subject To Change at anytime without notice

APPLY NOW

Pre-Owned Recreational Vehicles

Must have full insurance coverage. Vendor's Single Interest (VSI) fee of $73.00 is required for all RV loans.

Ask us about the benefits of GAP Coverage...

GAP coverage can be very beneficial with little expense. We offer very affordable GAP coverage that may be added right into your monthly loan payment!

rates_auto_usedrv table
Borrowed AmountTermRate (as low as)Notes
$25,000 and less84 Months9.25% APR20% Down Payment
$25,001 to $35,000120 Months9.25% APR20% Down Payment
$35,001 to $50,000120 Months9.25% APR20% Down Payment
$50,001 and Higher120 Months9.25% APR20% Down Payment

Rates effective as of August 3, 2018

*APR = Annual Percentage Rate

Rates Are Subject To Change at anytime without notice

APPLY NOW

New Boat Loans

Larger boats will require Marine Mortgage documents. Vendor's Single Interest (VSI) fee of $73.00 is required for all boat loans. *240 month term on boats over $50,000 require a Balloon Payment.

Ask us about the benefits of GAP Coverage...

GAP coverage can be very beneficial with little expense. We offer very affordable GAP coverage that may be added right into your monthly loan payment!

rates_auto_newboat table
Borrowed AmountTermRate (as low as)Notes
$25,000 and less84 months6.25% APR20% Down Payment
$25,001 to $35,000120 months6.25% APR20% Down Payment
$35,001 to $50,000180 months6.25% APR20% Down Payment
$50,001 and Higher240 months*6.50% APR20% Down Payment

Rates effective as of August 3, 2018

*APR = Annual Percentage Rate

Rates Are Subject To Change at anytime without notice

APPLY NOW

Pre-Owned Boat Loans

Larger boats will require Marine Mortgage documents. Vendor's Singled Interest (VSI) fee of $73.00 is required for all boat loans.

Ask us about the benefits of GAP Coverage...

GAP coverage can be very beneficial with little expense. We offer very affordable GAP coverage that may be added right into your monthly loan payment!

rates_auto_usedboat table
Borrowed AmountTermRate (as low as)Notes
$25,000 and less84 months5.25% APR20% Down Payment
$25,001 to $35,000120 months5.25% APR20% Down Payment
$35,001 to $50,000180 months5.25% APR20% Down Payment
$50,001 and Higher180 months5.25% APR20% Down Payment

Rates effective as of August 3, 2018

*APR = Annual Percentage Rate

Rates Are Subject To Change at anytime without notice

APPLY NOW

Rates Effective as of August 3, 2018

DISCLOSURE: Ocean State Credit Union provides loan rates based on a risk rate schedule. The risk rate schedule carefully evaluates an applicant's credit history, debt to income ratio, assets, and employment stability. Ocean State Credit Union is competitive in the market. Completing an application gives our loan officers the tools to provide you a rate that works for your financial needs.

APR = Annual Percentage Rate

Call For Vehicle Refinancing Rate 877.397.1900 | 401.397.1900

GAP Coverage Available. Some Restrictions Apply. Rates Are Subject to Change at anytime without notice.

USA Patriot Act: Important Information About Procedures for Filing a Loan Application with Ocean State Credit Union. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you is that when you file a loan application with us, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We will also ask to see your driver's license or other identifying documents no later than at the time the loan is closed.