First Tech Federal Credit Union Auto Loans review

First Tech Federal Credit Union posted auto loan rates as low as 5.24% APR for both new cars, meaning the previous model year and newer, and used cars from model years 2016 to 2024. You can check your rate in about 30 seconds with a soft credit pull that does not affect your score; a hard pull happens only if you continue the application. First Tech charges no origination, application or prepayment penalty fees and offers terms up to 84 months. Its own examples show what longer terms cost: $47,404 for 84 months at 8.32% APR on a new car and $29,471 at 8.70% on a used one. Most decisions arrive immediately or within one business day, and the approval and rate commitment last 30 days. Qualified borrowers can defer the first payment for up to 90 days from funding, which First Tech notes may raise the APR and total interest. Membership is required and subject to approval.

Who it is for

buyers who want to check a rate with no credit impact

Price

No origination, application or prepayment fees; new and used rates as low as 5.24% APR.

New auto loans As low as 5.24% Annual Percentage Rate (APR)
Quoted from the vendor pricing page on November 13, 2026.

Key features

• New and used auto loans as low as 5.24% APR
• Rate check uses a soft credit pull with no impact on your score
• No origination, application or prepayment penalty fees
• Terms up to 84 months
• Optional first payment deferral up to 90 days from funding

Strengths and weaknesses

• Strength: Used cars from model years 2016 to 2024 get the same starting rate as new cars
• Strength: Approval and rate commitment are valid for 30 days
• Strength: Most decisions come immediately or within one business day
• Weakness: Membership is required and subject to approval
• Weakness: Its 84-month example rates are 8.32% APR new and 8.70% used
• Weakness: Deferring the first payment can raise the APR and total interest

Key facts

• APR: From 5.24% (new and used)
• Fees: No origination, application or prepayment fees
• Longest term: 84 months
• Approval valid: 30 days

Where it ranks

First Tech Federal Credit Union Auto Loans is No. 4 in our Best Auto Loan Lenders verdict.