First Time Auto Buyer Program
If you are looking to purchase your first car, let Excite help you through the process. We’re here to help first-time borrowers understand the terms of their auto loan and ensure their monthly payments are affordable. We empower members with the information they need to succeed financially. We want to be the best choice for your first car and every car.
Our First Time Auto Buyer Program is for those who have limited, or no credit. Our program works for either new or used cars and is the smart way to start building credit
First-Time Vehicle Buyer Loan Benefits:
Finance up to 110% of the retail Kelley Blue Book value*
Terms up to 84 months*
Proof of full-coverage insurance (don’t have insurance, we’ve got you covered there too through AllianceLink)
5% cash down payment of total purchase price (new vehicles rebate may be used as down) +
6 months of consistent income with current employer++
*Total amount financed is based on the age of the vehicle, total mileage, and other factors. New vehicle – 2 years or newer and less than 20,000 miles, used vehicle – 1-7 years old with over 20,000 miles. Older Used vehicle – 8-10 years old with less than 80,000 miles
+Down payment is of total purchase price and must be derived from cash (or trade-in, rebates accepted on new vehicles only.
++Income must be from one job. Overtime, bonus or commission income will not be counted.