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First Time Auto Loan

Buying a car on your own for the first time is a big deal!

Simplify the car-buying process with a First Time Auto Loan from Lone Star Credit Union that's designed specifically for first-time shoppers with flexible terms, an easy process, and all the help you need.

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New or used vehicles

Get the vehicle that's right for you. It doesn't matter whether it's new or used.

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Pre-qualified power

Get pre-qualified for an auto loan and go to the dealership with more negotiating power.

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Payment history bonus

Get rewarded for good behavior. Qualify for a better rate after 12 months of on-time payments.

Rates as low as APR*

Let's see what your monthly payment could be.

Monthly Payment

Loan Amount

Competitive rates

Create a payment that works for you

Buying a new car can be stressful on both you and your bank account. With a First Time Auto Loan from LSCU, you can get competitive rates and flexible terms to find a payment that works for your budget. Keep more money in your account for more smiles per gallon.

Good payment history bonus

Reduce your rate with good financial habits

First-time car buyers don't always have the best (or any) credit, but that doesn't mean you shouldn't get a good rate. After 12 months of on-time payments, you may be eligible for a better rate, so you can save more over the life of your loan. You deserve to get rewarded for good behavior!

I was excited to buy my first car. I was 20 and had been at my same job for almost two years but didn’t have a good credit score because of limited credit. I had a co-signer but that didn’t help me get a good interest rate at most places. My credit union told me about the First Time Auto Buyer program. They approved my loan and will evaluate my rate after one year.

— Blake C.

How it works

It's easy to get a First Time Auto Loan from Lone Star Credit Union.

  • 1

    Complete an application

    It takes only a few minutes to fill out the online application.

  • 2

    Get approved

    We'll crunch the numbers and let you know if you're approved.

  • 3

    Purchase your car

    Use the funds to purchase your next vehicle.

Apply for an auto loan

Top questions

  • Yes,. On the desktop version of digital banking click the plus sign to take you to the Apply for Loan option.

    On mobile, tap the plus sign at the bottom of your screen and then tap Apply for Loan to begin the process.

  • Make your LSCU loan payment using another checking account, savings account, or debit card through our secure Online Payment Center. If you are making a payment from your LSCU account, please transfer your payment within digital banking.

    Please note: Your payments may not exceed $1,500 per entry. If you would like to setup recurring payment from another financial institution, please give us a call at 214.327.9367.


Have a question? Contact us

Getting an auto loan doesn't have to be complicated

At Lone Star Credit Union, we make getting your first car loan easy. With competitive rates and flexible terms, you can get the vehicle you need without breaking your budget. It couldn't be easier!

  • *APR = Annual Percentage Rate. Rates are effective November 20, 2023 and are based on creditworthiness. Subject to credit approval.

    Must be 18 years or older for any loan at Lone Star Credit Union. Rates subject to change at any time. Loan application and approval required.

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