The Tennessee Credit Union
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1st Car 4 Me ProgramFirst Car? Try TTCU's First Time Buyer Program

Buying a new vehicle is a thrill - especially your first time. But financing your first vehicle can be frustrating if you do not have established credit history.

We get that. You need a loan with a manageable term, competitive rate and the chance to establish a positive credit history in the process.  If you are a student, have a part-time or full-time job and have little in the way of established credit history, this program may be for you!

Program Details

  • Loan amounts up to $15,000
  • Vehicle must be less than 5 years old with fewer than 50,000 miles
  • Vehicle must be purchased from a licensed auto dealer
  • Minimum 5% cash down payment required
  • Maximum loan term is 60 months if over $10,001 or 48 months if $10,000 or less
  • Valid for car, truck or SUV purchases only

Qualifications*

  • Must be a current TTCU member or join the credit union at time of application
  • Must be age 18 or over
  • Never have financed an auto in your name before
  • Proof of 6 months' verified, continuous employment history and current 30 days of pay stubs
  • Proof of residence and auto insurance required prior to funding
  • No negative credit records, including medical, student loans, or collections

APPLY NOW        RATES

Find Your Ride NOW!  

Visit TTCU’s partner, Carvana, for an excellent selection of used cars that fit these parameters.There is no hassle, because you do everything online, without ever setting foot inside a dealership. The car you want to buy is delivered right to your home and you have 7 days to test drive it. Use TTCU for your financing by clicking Apply Now button above. Or, within the Carvana website, click the ‘Financing’ tab to apply for your loan.

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*This TTCU loan program is designed for first-time car buyers. Requirements of the program include: must be a current member of TTCU in good standing or join the credit union at time of application, a minimum down payment of 5% of the purchase price is required, maximum loan amount is $15,000, maximum loan term is 60 months if over $10,001; or 48 months if $10,000 or less. Vehicle must be less than 5 years’ old with fewer than 50,000 miles at time of purchase from a licensed auto dealer. Borrower may have no credit score or, if a credit score is established, must have no negative credit records, including medical, student loans, collections and public records and must never have financed an auto in his/her name. Borrower must provide proof of income, residence and auto Insurance with TTCU listed as lien holder prior to funding. Borrower must possess a valid driver’s license and also be employed for at least 6 months. If employed less than 6 months, buyer must have a qualified co-signer. All loans are subject to credit approval. This offer does not apply to existing TTCU loans. Valid for a car, truck or SUV purchase only.