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Auto Loan

Get on the road with new wheels and the best rates and terms to fit your budget.

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Auto Loan Interest Rate  APR  Monthly Payment Loan Term (Months)
New & Used 2017 + 2.99% 2.99% $538.93 60
Used 2016 3.14% 3.14% $540.93 60
Used 2014-2015 3.64% 3.64% $547.64 60
Used 2012-2013 3.89% 3.89% $551.01 60

Rates effective August 30, 2019, subject to change without notice. Each individual’s Annual Percentage Rate (APR) is determined by the applicant’s credit history. Not all applicants will qualify for the displayed lowest rate. APR calculation and estimated monthly payment of $538.93 based on loan amount of $30,000, FICO® score of 740 or greater, and term of 60 months. Rate includes 1.35% deduction for automated payments from an Elements checking account set up at closing. First payment due 90 days from contract date. Interest begins to accrue as of the contract date. Additional conditions may apply. Subject to credit approval. Payments shown do not include taxes or insurance premiums. Rate may vary depending on credit history, vehicle model year and loan term. Elements Financial refinances and third-party auto-dealer transactions are not eligible. Offer available for applications received August 30–September 21, 2019.

Auto Loan


  • Flexible terms to fit your budget, up to 90 months
  • Finance up to 120% of your car’s value including tax and license
  • Quick application takes just minutes


  • Rates as low as 2.99% APR for 60 months
  • Closings in as quick as one business day


Our experienced, helpful member service team is ready to support you!


Live Chat

Chat Available Mon-Fri, 9 am-5 pm Eastern

Buy a Vehicle with Elements


Get Preapproved and Then Buy!

Thinking ahead is always a good plan when buying a vehicle. Apply for an Elements Financial Auto Loan before you begin shopping so you can negotiate your deal with a preapproval for financing in hand.

  1. Buy Online with Carvana
    Carvana gives you the power to control how you buy a car. Find the car that fits your life and take it for a virtual 360-degree spin and 7 days to see if your car truly fits into your life. If it doesn't, simply return it.
  2. Go Directly to the Lot
    If you'd like the convenience of shopping directly at the lot, visit our
    Preferred Auto Dealers
    . We have partnered with Indianapolis-based auto dealers to bring you fantastic deals and great rates, as well as incomparable service.
  3. Enterprise Car Sales
    You already know that Elements is a great place to get preapproved for a car loan. Did you know that buying at Enterprise Car Sales is different than buying from anyone else? Enterprise has more than 250 makes and models, so you can find exactly what you're looking for.
  4. Auto Buying Service
    The mission of Members Auto Source is to provide a professional, painless, and cost-effective way to purchase or lease a new or pre-owned vehicle. Their goal is to provide you all the information available in order to make the best buying decision.
  5. Use Your Home Equity Line of Credit
    You have options beyond traditional auto financing. Consider an Elements Home Equity Line of Credit to purchase your vehicle. At the same time, you can also consolidate other loan or credit card balances you are carrying.

Loan & Asset Protection

 As your financial wellness providers, we want to make sure that you’re covered, no matter what may happen. That’s why we provide loan and asset protection programs. It’s just one more way that we look out for your best interests.

To protect your purchase, the following programs are available and can be wrapped into your monthly payments:


Mechanical Breakdown Protection (MBP) also known as extended warranty, is automobile protection that extends beyond the manufacturer's factory warranty and covers repairs of unexpected mechanical breakdowns. For the period of time the contract is in effect, you are assured that covered components of your vehicle will be repaired in the event of failure. This includes labor, subject to any applicable deductible.

Guaranteed Auto Protection (GAP) is Loan/Lease Deficiency protection designed to eliminate your unpaid net loan/lease balance in the event your vehicle is stolen or damaged beyond repair.

Debt Protection protects your credit rating during uncertain and stressful times. Your loan payment will be cancelled or suspended for a period of time without penalty, added interest, or being reported as delinquent to the credit bureau when a covered event occurs. Covered events include death, disability, involuntary unemployment, family leave and hospitalization.

Frequently Asked Questions


Q: Do I have to buy from an auto dealer?
A: Nope! Whether you buy your vehicle from a dealer or a private owner, we have financing options to meet your needs.

Q: If I have bad credit, can I qualify for an auto loan at Elements Financial?
A: Actually, there are several definitions of "good credit." So if you've had credit difficulties in the past, the best way to find out if we can assist you is to apply for a loan. There is no cost to do so, and our loan staff will work with you to look for ways to get your loan request approved.

Q: What insurance requirements does Elements Financial have for auto loans?
A: When you have an Auto Loan with Elements Financial, it is required that you carry full coverage that includes comprehensive and collision for the value of the loan. We offer an array of Insurance products and, better yet, when you have your loan with us, you can also insure your vehicle with us. And we also offer these insurance options too; home, car, health, life, and boat! Get a free online quote from Elements Financial Insurance Group today. The application is free, available 24/7, and accessible anywhere that you have internet access. If you would rather apply in person, then come on into a branch convenient to you! Our friendly Financial Wellness Experts are here to help you in any way that they can. Or you can call us at 1-800-621-2105 if you would like to discuss further options before applying. Financial Wellness Experts are standing by!

Q: How long will it take to receive a vehicle title when a member pays their auto loan off?
A: If the loan is paid off with guaranteed funds (cashier's check, cash, or new loan proceeds) the lien card or title will be mailed to the appropriate party as soon as possible. If the loan is paid off with a personal check, we will wait 10 business days before we release the lien card or title.

How to Get Started


You can apply online in as little as 15 minutes! Or call 1-800-621-2105 to get started.

What you’ll need to apply:

  • Your government-issued ID (driver’s license, state ID or passport)
  • Proof of residence

What to expect during the application process:

  1. We’ll contact you no later than 1 business day after you submit your application to review documentation that we’ll need from you and answer questions you may have.
  2. We’ll follow up for your vehicle’s value, make, model, year, mileage, and VIN if not provided on the application.
  3. We’ll contact you to sign documents if your application is approved.
  4. That’s it — your loan is complete!

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