Bowater Credit Union offers members great rates, flexible loan terms, and superior local service. Choose from a variety of loan options, whether you’re buying a new or used vehicle, with no down payment required.
When you borrow locally, you’re placing your trust in a lender who is invested in your community. You’re more than just a number. You’re part of a family. We’re rooting for you, and we’re here to help match you with the right car for you and your life.
New Auto Loans
(Cars, Trucks, and Vans)
Rates as low as
4.24% APR*
Used Auto Loans
(Cars, Trucks, and Vans)
Rates as low as
4.99% APR*
New Motorcycles, Boats, and ATVs
Rates as low as
5.24% APR*
Used Motorcycles, Boats, and ATVs
Rates as low as
6.24% APR*
New & Used RVs, Houseboats, and Cabin Cruisers
Rates as low as
4.25% APR*
*Annual Percentage Rate. Terms and conditions apply.
The rate shown is the lowest available rate. Your rate may be higher depending on your credit score. Approval is not based on credit score.
Enjoy Great Benefits
We’ve made buying a car as smooth a process as possible.
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No Money Down!We don’t require down payments on new or used cars, trucks, or vans. |
Borrow What You NeedBorrow up to 115% of your vehicle’s value with a new or used car, truck, or van. |
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No Money Down!
We don’t require down payments on new or used cars, trucks, or vans.
Borrow What You Need
Borrow up to 115% of your vehicle’s value with a new or used car, truck, or van.
Choose Your Term
We provide borrowers a variety of terms to suit their needs, beginning with 36 month terms and going as high as 84 or even 120 months, depending on the type of vehicle and loan amount
Fixed and Variable Rates
Some terms come with variable rates, depending on the length of your loan.
Free Application
There are no application fees when you apply for an auto loan with us.
Refinance With Us
Ask our loan officers about lowering your interest rates or your monthly payments on an existing auto loan
Let’s Get Started!
Auto Loan Calculator
Calculate your auto loan rate with our rate calculator, just enter a few fields and your desired loan amount and we can let you know your estimated rate for your auto loan.
★★★★★
“They refinanced my car loan and cut my interest in half and brought payment down $100 a month.”
– Tina S.
Frequently Asked Car Loan Questions
What credit score is needed for an auto loan?
Approval is not based on credit score. Your lender will consider your credit history, your income, and your needs for approving an auto loan. Your score will determine the rate you pay upon approval.
Do I have to be a member to get an auto loan from Bowater Employees CU?
All of our auto loans require a credit union membership. If you are not already a member, you will join as a part of completing your loan. For additional information on applying for membership , please visit this page.
What factors will help me get the lowest possible interest rates on my loan?
For Auto Loans at Bowater Credit Union, the higher your credit score the better your rate. But rest assured that as a not-for-profit cooperative all our rates are competitively priced.
How do I get a variable rate on my loan?
New autos, trucks, vans, motorcycles, boats, and ATVs:
Variable rate is available with terms of 72 and 84 months. To be eligible for 72 month loans, amount must be greater than $10,000. 84 month terms are available on loans over $30,000.
For boat loans over $30,000, 120 month terms are also available.
Used autos, trucks, and vans:
For vehicles that are valued at over $10,000, loan terms of 72 months are available.
Used motorcycles, boats, and ATVs:
Items in this category valued at over $20,000 are eligible for 72 month terms at variable rates. For boats valued at over $30,000, we offer 120 month terms.
What qualifies as a “new” vehicle,” and what qualifies as a “used” one?
Any cars, trucks, and vans year 2021 or older with over 15,000 miles are termed used cars.
New cars, trucks, and vans that you haven’t previously financed through Bowater Employees CU are considered “new” if they are less than two years old and have less than 15,000 miles on them. The same is true for motorcycles, boats, and ATVs.
How can I make payments on a new, used, or refinanced loan?
With Bowater Employees CU, loan payments are easy. With online and mobile banking, you can apply, make loan payments, and check your remaining balance from the convenience of wherever you happen to be!
You can open an account with us online today!
Your Local Auto Lender is Here to Help
Not sure about the loan program you need or just want to discuss your options?
Our qualified loan officers can help! That’s one of the many benefits of borrowing from a local lender.
Reach out to us today to schedule an appointment at any of our 5 branch locations. We are here to help!
Our Branch Locations
Athens, TN 37303
Calhoun, TN 37309
Cleveland, TN 37312
Cleveland, TN 37311