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Auto Financing

Looking To Buy A New Vehicle? Let Magnifi Financial Navigate.

Apply Now Rates What’s the Right Loan for Me?
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Rates

Effective Date 11/09/2022

Loan APR as low as
Vehicle (2018 & newer) 5.300%
Vehicle (2014 - 2017) 5.741%
Vehicle (2012 - 2013) 6.743%
Vehicle (2011 & older) 6.993%

APR = Annual Percentage Rate. Membership qualification is required. Loan fees apply. Rates are subject to change at any time and are based on creditworthiness. Loan payment and Annual Percentage Rate (APR) will vary based on the loan amount, term, collateral, and any fees. Minimum APR loan payment example: $20,000 for 36 months including a $75 doc prep fee, 5.30% APR and a $599.87 monthly payment. Max term varies based on credit score and year of collateral.

What To Expect

  • Apply

    Your first step is to fill out a loan application - online, over the phone in video chat or in a branch.

  • Get Pre-qualified

    After you apply, we'll contact you to get you pre-qualified for a specific loan amount.

  • Go Shopping

    Now for the fun part... go find your perfect vehicle that fits your pre-qualified loan amount!

  • Drive Home Happy

    Drive away knowing you got the best loan available from your local credit union.

Vehicle Buying Resources

Vehicle Affordability Calculator

Use our calculator to see how much you can afford.

Open Calculator

Frequently Asked Questions

Answer the important questions first.

Open FAQ

Extra Protection

Get additional protection with GAP Protection & Mechanical Repair Coverage.

Learn More

Get Started

Apply online

Apply Online

Purchase a new/used vehicle:

Apply Now

Refinance an auto loan: 

Apply Now

Refinance an auto loan and get cash out: 

Apply Now

Visit a local Magnifi Financial branch

Local Branch

Magnifi Financial has 25 local branches throughout Minnesota.

View Locations

Video chat with a Magnifi Financial team member

Video Banking

Talk to a Magnifi Financial team member virtually face-to-face. Learn More
Monday - Thursday: 8 AM - 5 PM
Friday: 8 AM - 6 PM
Saturday: 8 AM - 12 PM

Start Video Chat

Schedule An Appointment for a Virtual or In-Person Meeting

Other Loan Options

Rec Vehicles

Low-rate financing on new and used vehicles.

Learn More

Personal Loans

Loans for any type of purpose.

View Loans

Credit Cards

Rates that start low and stay low.

View Cards
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.
We may also ask to see your driver’s license or other identifying documents.


AUTO LOANS
Membership qualification is required. Loan fees apply. Rates are subject to change at any time and are based on creditworthiness. Loan payment and Annual Percentage Rate (APR) will vary based on the loan amount, term, collateral, and any fees. Minimum APR loan payment example: $20,000 for 36 months including a $75 doc prep fee, 5.30% APR and a $599.87 monthly payment. Max term varies based on credit score and year of collateral.

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Join the Magnifi Family!

At Magnifi, you're not just a member-owner of an award-winning credit union, you become part of the Magnifi family and receive all the benefits and perks you need to succeed financially.

Am I Eligible? Become a Member