National ATMsAuto Loan
Financing
Wherever you're going, we'll help you get there.
Whether it’s new, used, refinanced, or from a dealer or individual, we make it quick, easy, and straightforward. As a leading auto lender in MN, we can get you into your new car quickly and easily.
Use our payment calculator to determine your budget and apply in as little as 5 minutes to get same-day financing*. We make it easy to take advantage of our great rates and flexible terms.
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Shift Into Affordable
Auto Loans Built For Your Journey
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Welcome All
New, used, or refinanced auto loans are available. Get started by completing an application in less than 5 minutes.
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Here for You
Local service and expertise with Magnifi's friendly and knowledgeable team. We'll team up with you to get you pre-qualified for the right loan amount.
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Local Financing
We'll be ready when you find the perfect vehicle that fits your budget. Plus, same-day financing available upon qualification.
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Drive Home Happy
Ride easy knowing you got the best loan available from your local credit union, with flexible options to fit your budget and lifestyle.
Get Ready to Go
Rates
Effective Date: November 13, 2024
| Loan | Rate as low as | APR as low as |
|---|---|---|
| Vehicle (2020 & newer) | 4.79% | 4.99% |
| Vehicle (2016 - 2019) | 5.99% | 6.19% |
| Vehicle (2014 - 2015) | 6.99% | 7.19% |
| Vehicle (2013 - Older) | 7.24% | 7.44% |
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. Rates include a 0.50% discount for automatic loan payment from a Magnifi account. Minimum APR loan payment example: $25,000 for 36 months including a $75 doc prep fee will have a 4.99% APR and a $746.56 monthly payment. Maximum term varies based on credit score and loan amount.
Frequently Asked Questions
Sometimes, sometimes not. If you have already found your vehicle to purchase, we can set up financing right away, and you won't need a pre-qualification letter. However, if you get pre-qualified and then shop around for vehicles, we'll send you a pre-qualification letter to bring to dealerships. Some dealerships may also contact us to obtain confirmation. Your pre-qualification offer is typically valid for 30 days.
That's great! Go ahead and fill out an application and we'll help you get the financing together as quickly as possible. If you are working with a dealership, we'll just need the Purchase Agreement and Insurance Card. Our lending staff will help walk through everything with you to get you on the road faster.
We have several methods for you to make your loan payments:
- Magnifi Digital Banking or Mobile App: Transfer funds from your Magnifi or external checking/savings account into your loan account.
- Online: Use our online loan payment system to set up a single or recurring payment with your debit/credit card or routing/account number.
- Mail: Send a check to PO Box 325, Sartell, MN 56377. Please include your Account Number and Loan ID. You will not receive a payment receipt by mail but you can verify the transaction within Digital Banking.
- Branch: Visit any Magnifi location to make a payment.
If you make larger or additional payments on your vehicle loan, you'll pay down the principal, so you pay less interest over the life of the loan and can pay off your loan faster. However, this does not advance your due dates. Meaning, if you make twice the payment amount in one month, you will still need to make a payment on the same due date the following month.
Keep Your Car Happy
Get additional protection with GAP (Guaranteed Asset Protection) & Route 66 Extended Warranty.
Learn More
Schedule An Appointment for a Virtual or In-Person Meeting
Other Loan Options
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.
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: $25,000 for 36 months including a $75 doc prep fee will have a 4.99% APR and a $746.56 monthly payment. Maximum term varies based on credit score and loan amount.
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.
