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Auto Loans

Shop local with no application fees.
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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.

woman's hand receives keys for new car from salesman's hand

New Auto Loans 

(Cars, Trucks, and Vans)

Rates as low as 

1.99% APR*

A family moves into their new home

Used Auto Loans 

(Cars, Trucks, and Vans)

Rates as low as 

2.74% APR*

Closeup of a motorcycle's aluminum alloy wheel while it's parked at a parking lot.

New Motorcycles, Boats, and ATVs

Rates as low as 

3.99% APR*

a man and woman at a credit union getting a mortgage loan

Used Motorcycles, Boats, and ATVs

Rates as low as 

5.99% APR*

A family stands and smiles in front of their new house

New & Used RVs, Houseboats, and Cabin Cruisers

Rates as low as 

9.5% 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.

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

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!

Step
1
Pick the Loan to Meet Your Needs
Step
3
Get Pre-Qualified

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

1112 Congress Pkwy S.
Athens, TN 37303
5123 Highway 11 S
Calhoun, TN 37309
4531 Hardwick Farms Pky. NE
Cleveland, TN 37312
1040 King Street
Cleveland, TN 37311
1007 Keith Street
Cleveland, TN 37311

Our Branch Locations

1112 Congress Pkwy S.

Athens, TN 37303

5123 Highway 11 S

Calhoun, TN 37309

4531 Hardwick Farms Pky. NE

Cleveland, TN 37312

1040 King Street

Cleveland, TN 37311

1007 Keith Street

Cleveland, TN 37311