We Make Auto Loans Simple

We Make Auto Loans Simple

Ready to purchase your next vehicle? You'll get our low auto loan rates whether you apply online, in-person, or visit one of our preferred dealers.

New & Used Options

  • Convenient terms to fit your budget
  • Guaranteed Asset Protection Insurance (GAP) available
  • Car lease running out? We offer off-lease financing, with great rates and great terms!
Model YearRates As Low As¹
2025 & Newer4.99% APR*
2023 – 20244.99% APR
2020 – 20224.99% APR
2017 – 20196.74% APR
20167.74% APR
View Disclosures

Preferred Dealers

DealerAddressPhoneWebsite
Antonino AcuraRoute 184, 340 Gold Star Hwy, Groton, CT 06340860.448.1299antoninoacura.com
Brustolon Buick-GMC47 Stonington Westerly Rd, Mystic, CT 06355860.536.2626brustolon.com
Capitol Chrysler Dodge Jeep Ram1520 W. Main St, Willimantic, CT 06226860.423.4516capitolcdj.com
Capitol Chrysler Dodge Jeep Ram South409 Broad Street, New London, CT 06320860.443.8335capitolsouthcdj.com
Cargill Chevrolet23 Livery St., Putnam, CT 860.516.4203cargillchevrolet.com
Central Hyundai98 Lathrop Rd, Plainfield, CT 06374860.564.4014centralhyundaict.com
Central Mazda98 Lathrop Rd, Plainfield, CT 06374860.564.4014centralmazdact.com
Central Volkswagen of Plainfield98 Lathrop Rd, Plainfield, CT 06374860.564.4014centralvwct.com
Charles Toyota-Scion500 West Thames St, Norwich, CT 06360860.889.8375charlestoyota.com
Colonial Chevrolet Cadillac Hyundai452 Broad St., New London, CT 06320860-443-8432
Columbia Ford234 Willimantic Rd, Columbia, CT 06237860.228.2886columbiaford.com
Falvey's Motors395 West Thames St, Norwich, CT 06360860.889.3371falveys.com
Gates GMC-Buick-Nissan143 Boston Post Rd, North Windham, CT 06256860.456.0055gatesgmcnissan.com
Girard Ford450 West Thames St, Norwich, CT 06360860.889.2601girardford.com
Girard Nissan425 Gold Star Highway, Groton, CT 06340860.448.0050girardnissan.com
Girard Toyota BMW of New London543 Coleman St, New London, CT 06320860.447.3141girardtoyota.com
Grossman Chevrolet300 Middlesex Turnpike, Old Saybrook, CT 06475860.388.5785grossmanautos.com
Heritage Valley Ford3 Park Avenue, Putnam, CT 06260860.928.2731hvford.com
Hoffman Audi of New London490 Broad St New London, CT 06320860.447.5022hoffmanaudiofnewlondon.com
Holmgren Subaru3 New Park Ave, Franklin, CT 06254860.889.2651holmgrensubaru.com
Kia of Groton421 Route 12, Groton, CT 06340860.449.1242kiaofgroton.com
Kia of Old Saybrook275 Middlesex Turnpike, Old Saybrook, CT 06475860-388-1300kiaofoldsaybrook.com
Mercedes Benz of New London488 Colman St, New London CT 06320860.447.3361mercedesct.com
Monaco Ford of Niantic218 Flanders Road, Niantic, CT 06357860.739.5403monacoford.com
Nissan of Norwich891 West Thames St, Norwich, CT 06360860.892.6000nissanofnorwich.com
Ocean Honda Groton531 Route 12, Groton, CT 06340860-910-4654oceanhondagroton.com
Putnam Chrysler Dodge Jeep157 Providence Pike, Putnam, CT 06260860.963.2277putnamchrysler.com
Reynolds Subaru268 Hamburg Rd., Lyme, CT 06371860.434.0028reynoldssubaru.com
Scranton Chevrolet of Norwich774 W Thames St, Norwich, CT 06360888.232.1431scrantonchevy.com
Secor’s Auto Center545-575 Broad Street, New London, CT 06320860.442.3232secorauto.com
Secor Subaru Inc.501 Broad Street, New London, CT 06320860.442.2323secorauto.com
Toyota of Colchester100 Old Hartford Rd, Colchester, CT 06415860.537.2468toyotaofcolchester.com
Troiano Chrysler Jeep Dodge435 S Main St., Colchester, CT 06415860.537.2331troianochryslerjeepdodge.com
Vachon Chevrolet512 Providence Rd., Brooklyn, CT 06234860.774.1100checkvachonchevy.com
Vachon GMC Cadillac139 Pomfret St., Putnam, CT 06260860.928.6572checkvachongmc.com/
Bob Valenti Chevrolet72 Jerry Browne Rd., Mystic, CT 06355860.536.4931valentichevy.com
Valenti Chrysler Dodge Jeep72 Jerry Browne Rd., Mystic, CT 06355860.536.4931valentichryslerdodgejeep.com
Valenti Ford 72 Jerry Browne Rd., Mystic, CT 06355860.536.4931valentiford.com
Valenti VW of Mystic 72 Jerry Browne Rd., Mystic, CT 06355860.536.4931bobvalentivw.com
Westbrook Toyota80 Flat Rock Place, Westbrook, CT 06498860.388.6991westbrooktoyota.com
Whaling City Auto Group475 Broad Street, New London, CT 06320860.443.8361mywhalingcity.com
Whaling City Mazda567 Coleman St., New London, CT 06320860.443.2489whalingcitymazda.com
Wile Hyundai21 Route 66 East, Columbia, CT 06237860.228.2300wilehyundai.com

TruStage Auto Insurance

TruStageTM is insurance the credit union way, with discounts for Charter Oak Federal Credit Union membership, the TruStage Auto Insurance Program could save you money. Our products and programs are made available through TruStage Insurance Agency and offered only to credit union members. Today, more than 15 million members rely on us for our products, programs, services, expertise and experience. With a commitment to dependability and a members-first philosophy, we help you protect what matters most.

TruStage™ Auto & Home Insurance Program is made available through TruStage Insurance Agency, LLC and issued by leading insurance companies. To the extent permitted by law, applicants are individually underwritten; not all applicants may qualify. Discounts are not available in all states and discounts vary by state. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on your policy where state laws and regulations allow. Please consult your policy for specific coverages and limitations. The insurance offered is not a deposit and is not federally insured. This coverage is not sold or guaranteed by your credit union. Individual premiums and savings will vary.

MAH-0213-40ED

Frequently Asked Questions

Auto loans are offered by banks, credit unions, and online lenders. Dealerships also offer financing through partnerships with lenders. As not-for-profits entities, credit unions are often able to offer lower interest rates, personalized service and other perks.

Auto loans usually range from 24 to 84 months. Shorter terms have higher monthly payments but lower interest costs, while longer terms reduce monthly payments but increase total interest paid.

Interest rates depend on your credit score, loan term and model year of vehicle.

Many lenders allow early repayment. This reduces interest costs but check if your lender charges prepayment penalties.

Guaranteed Asset Protection (GAP) protects borrowers against financial loss in the event their vehicle is damaged beyond repair (totaled) or stolen and never recovered. Without GAP, the borrower would be responsible for paying the difference between the insurance settlement and the outstanding loan balance. GAP may provide a benefit of up to $50,000.  GAP is optional.

Refinancing replaces your current loan with a new loan, usually at a lower interest rate or different term. This can reduce monthly payments or total interest paid.

To apply for a loan, you’ll need proof of your identity, address, and income, details about your other debts and information about the car you want to buy or refinance. Lenders will access your credit report.

Yes, some lenders allow rolling add-ons or warranties into the loan, but this increases the total financed amount and interest.

*APR=Annual Percentage Rate

1. Your rate may vary depending on your credit history, year of the vehicle and term of the loan.

Vendors Single Interest (VSI) Insurance: Vendors Single Interest (VSI) Insurance is required on all vehicle loans. VSI insurance protects the credit union’s interest in the collateral and does not protect the borrowers’ interest in the collateral. Borrowers may obtain VSI coverage through a provider of their choice, subject to proof of coverage and credit union approval. If VSI insurance is obtained through the credit union, the cost is determined by the insurance service provider.

Please note: Loan to value is based on total amount of funded loan divided by MSRP for new vehicle and NADA Retail for used vehicles. Maximum mileage for used vehicles is 125,000. No commercial use vehicles, max GVW 10,000 lbs.

Rates Effective July 10th, 2026