The best First-Time Car Buyer experience in AZ

Are you a first-time car buyer with little or no credit? We can help you finance your first car loan and drive away happy!

First-Time Car Buyer Loan Rates

Our competitive interest rates for first-time car buyer program applicants help you get one step closer to owning your first car.
Term
Fixed APR*
as low as
Minimum Loan
Amount
Term
60 Months
Fixed APR*
as low as
3.69%
Minimum Loan
Amount
$2,500
Term
72 Months
Fixed APR*
as low as
3.89%
Minimum Loan
Amount
$2,500
Effective September 12, 2022

* Annual Percentage Rate. APR shown is the lowest available rate, excluding discounts for auto buying and insurance services. Actual APR based on borrower’s credit history, year of vehicle and loan terms. Membership required based on eligibility. Loan payment example: $18.00 per month for each $1,000 borrowed at 3.69% APR for 60 months.

* Annual Percentage Rate. APR shown is the lowest available rate, excluding discounts for auto buying and insurance services. Actual APR based on borrower’s credit history, year of vehicle and loan terms. Membership required based on eligibility. Loan payment example: $18.00 per month for each $1,000 borrowed at 3.69% APR for 60 months.

Get Preapproved for an Auto Loan:

Young couple holding keys in front of red vehicle

A First-Time Car Buyer Program You Can Count On!

Finding reliable financing for first-time car buyers can be a struggle. Our first-time car buyer program offers an easy online application, manageable terms, and an opportunity to build your credit while owning your first car!
Low, Fixed-Rate Financing

Your monthly car payment will be affordable and consistent, even if the market changes.

No Application Fees

Save your hard-earned money and have confidence that applying for an auto loan at Arizona Financial won't cost you a dime.

Hassle-Free Car Buying

Car buying has never been easier! The experts at Members' Auto Center will help you find the right car, negotiate the price, and deliver it to your doorstep. Learn more.

On-Site Financing Available

Save time and avoid stress by enjoying on-site financing at participating dealerships. Curious who our preferred dealers are? Explore our preferred dealer partner list.

Max Loan Amount $25,000

Enjoy choosing a 2016 or newer vehicle that fits your taste and budget with financing up to $25,000.1

Flexible Payment Schedules

Have flexibility with your repayment schedule. Our first-time car buyer program offers terms up to 72 months. 

 

1. Maximum loan amount of $25,000 includes total purchase amount inclusive of tax, title, license and dealer doc fees; GAP and Extended Car Warranty products; and Debt Cancellation.

It's Easy to Qualify for our
First-Time Car Buyer Program!

young woman in black jacket filling out paperwork for auto loan by open laptop
  1. Car Requirements

    First time car buyer applicants must purchase a 2016 vehicle or newer.

  2. Employment Requirements

    Applicants must have been employed for at least 1 year at their current employer.

  3. Income Requirements

    First time car buyers ready to apply should have a monthly income of at least $2,000.

  4. Monthly Payment Restrictions

    Members must have a residual income of at least $1,650 once their car loan payment has been determined.

OUR BEST AUTO LOAN RATES - NEW OR USED

Auto Loan Calculator

How much car can you afford? Explore estimated monthly payments using different loan amounts and interest rates to find an amount that works for you and your budget.


1 Rate discount only available with Arizona Financial auto loans. Auto loan rate subject to rate floor. Your actual term and payment will be provided upon acceptance of an Arizona Financial loan. This calculator is for informational purposes only and its use does not guarantee an extension of credit.

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A Car Loan With Hassle-Free Buying

Car buying has never been easier! As a member, you have access to a better car buying experience. Turn to the experts from Members' Auto Center to simplify the process. 

  • Let our consultant know what you're looking for and let them handle the details from contacting the dealer, negotiating the price, and coordinating financing to delivery.
  • Explore their online inventory and request a test drive.
  • Visit a showroom to test drive any vehicle that fits your needs.
  • Enjoy a 0.25% rate discount on your Auto Loan.1

1 Rate discount only available with Arizona Financial auto loans. Auto loan rate subject to rate floor.

Car dealer handing keys to member with handshake
young man looking at his damaged blue car

GAP Insurance

Your vehicle’s value depreciates quickly – sometimes faster than you can repay the loan. If your vehicle is ever stolen or damaged beyond repair, a GAP policy helps cover the additional out-of-pocket expenses insurance won't cover.

  • Pays your insurance deductible
  • Provides a credit toward your replacement vehicle
  • Covers the difference between what your insurance covers and what is still owed on the loan
  • Cost can be included in your monthly auto loan payment

Ask about a GAP policy when you apply for your auto loan, or contact us for details.

Extended Car Warranty

Our extended car warranty, called Mechanical Breakdown Protection (MBP), picks up where the manufacturer’s warranty ends. 

  • No deductible
  • Covers most out-of-pocket major repairs
  • Nationwide coverage
  • 24-hour emergency roadside assistance
  • Rental car assistance
  • Coverage is transferable when you sell your vehicle

Ask about Mechanical Breakdown Protection when you apply for your auto loan, or contact us for details.

Two mechanics in blue jumpsuits working on car engine
Young couple looking at statement in front of laptop

Debt Cancellation

When the unexpected happens – like job loss, death, or a serious injury or illness – paying the bills can become a real burden. Make sure you and your family are protected with a debt cancellation plan from Arizona Financial:

  • Covers your monthly payments or pays off your loan
  • Protects your credit rating during difficult times
  • Provides income during involuntary unemployment

Ask about Debt Cancellation when you apply for your auto loan, or contact us for details.

Preferred Dealer Partner List

  • Autohouse Tempe
  • AutoNation Chevrolet Arrowhead
  • AutoNation Chevrolet Mesa
  • Avondale Toyota
  • Bill Luke Chrysler, Jeep, Dodge
  • Bill Luke San Tan LLC
  • Centennial Leasing & Sales
  • Courtesy Chevrolet
  • Courtesy Chrysler Dodge, Jeep, Ram of Superstition Springs
  • Earnhardt Dodge, Chrysler, Jeep
  • Gateway Chevrolet Inc.
  • Honda of Superstition Springs
  • Right Toyota
  • Sanderson Ford
  • Tempe Dodge, Kia
  • Toyota of Surprise

Auto Loan Resources

Calculator

How Much Will My Auto Payments Be?

Before taking the leap, be sure to understand how much you can afford each month. Calculate your monthly car payments with this calculator.

Calculate
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If you’re in the market for a used car, follow these steps to make your car buying journey a smoother ride!

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Frequently Asked Questions

How can I apply for an auto loan at Arizona Financial?

You can apply online, call 602-683-1000 or stop by one of our branch locations for assistance.

What insurance requirements do you have for auto loans?

We require that our members have full coverage on any vehicle in which Arizona Financial is the lien holder.

If you switch insurance, please remember to send in a new proof of insurance. If insurance lapses, you may be subject to force-placed insurance and any costs associated with it.

Do I have to buy from an auto dealer?

Arizona Financial car loans are available for dealership purchases, private party purchases, or our car buying service!

Car buying service
Let our car buying experts at Members' Auto Center do the hard work for you! They’ll find the vehicle you’re looking for and deliver it right to you, or you can stop by their showroom to test drive right from their inventory. Plus, when you purchase with our car buying experts and finance with Arizona Financial, you’ll receive a 0.25% rate discount on your auto loan. Learn more.

Dealerships
As an added benefit of membership, Arizona Financial provides a way to obtain financing directly through a network of preferred dealer partners without the need to visit one of our branches.

Have additional questions? Please contact us today.

Do you offer debt cancellation?

Yes, Arizona Financial offers debt cancellation to help you when the unexpected happens – like job loss, death or a serious injury or illness.

Make sure you and your family are protected with a debt cancellation plan from Arizona Financial:

  • Covers your monthly payments or pays off your loan
  • Protects your credit rating during difficult times
  • Provides income during involuntary unemployment

Ask about debt cancellation protection when applying for your loan, or contact us for details.

Can I apply for an auto loan if I haven't found the car I want yet?

Yes! We’d love to help you get preapproved so you can shop for your car with confidence.

Whether you're looking for a brand new or pre-owned vehicle, we offer low loan rates and flexible terms to meet your unique needs. Plus, for added convenience, you have the option to get preapproved online, by calling 602-683-1000 or at any one of our branch locations. You can even request Arizona Financial financing directly from participating dealerships.

With an Arizona Financial auto loan, you have access to:


1 Rate discount only available with Arizona Financial auto loans. Auto loan rate subject to rate floor.