Your Road to Freedom

FIRST TIME AUTO BUYER LOANS

Apply now!
What is Auto Financing
Buying your first car is an exciting milestone, and we’re here to help you make it happen. With Tidemark’s First-Time Auto Buyer Loan, you can get the financing you need to drive off in your dream car—whether new or used. Let’s walk you through how easy it is to get started and hit the road with confidence.

Why Choose Tidemark's
First-Time Auto Loan Program?

You can borrow up to $35,000*!

Flexible terms that stretch all the way up to 72** months!

Score financing for up to 100%*** of the value of the car!

You can borrow up to $35,000*!

Flexible terms that stretch all the way up to 72** months!

Score financing for up to 100%*** of the value of the car!

Qualify For A First Time Auto Loan Is Easy!
Apply now!

No Prior
Auto Loans

No documented vehicle loan in your credit history

Clean Credit
History

Ensure your credit report is free from negative marks or derogatory comments from other lenders.

Stable
Employment

You must have been in the same job or field for at least one year to qualify.
What You'll Need To Get Started
We want to help you get your dream car. Here’s what you’ll need for the application:
01

Proof of Income and Employment

A steady income helps us ensure you can handle your loan payments.
02

Proof of
Address

Make sure we can contact you!
03

Vehicle
Information

Year, make, model, and VIN of your car.
04

Proof of
Insurance

Protect your car and your investment.
05

Signed Purchase Order

A signed purchase order from the dealer will finalize your loan.
Tidemark may request additional documents, but these are the essentials to help you get started.
How To Apply For Your First-Time Auto Loans

Gather Your Documents

Make sure you have the essentials like proof of income and vehicle details.

Apply Online or In-Branch

Apply via our online application or visit a branch near you.

Get
Approved

Once approved, we’ll work out the details, so you can get the keys to your car!
Education Center
NAVIGATING YOUR FIRST CAR LOAN: WHAT TO KNOW
Understanding these key terms will help you navigate the car loan process with confidence and make informed decisions as you move forward.
Car Loan Terms You Should Totally Get Familiar With!
Before you sign any agreements, it’s essential to understand the terminology. Here are some key terms:
Down Payment
A portion of the car’s price that you pay upfront.
Interest
The cost of borrowing the money for your loan.
Loan Term
The duration of your loan (usually in months, e.g., 60 or 72 months).
Principal
The amount you’re borrowing after the down payment.
APR
(Annual Percentage Rate)
The total cost of your loan annually, including both the interest and any fees.
Monthly Payment
The amount you’ll pay each month to settle your loan.
How To Apply For Your First-Time Auto Loans
What Makes a Great First Car?
Think about your needs—fuel efficiency, size, and reliability. Whether you want something sporty or a practical commuter, make sure the car suits your lifestyle.

New or Used?

New Car:

More expensive but often comes with warranty coverage and fewer repairs.
Image

Used Car:

Lower price, but always check the vehicle’s history and condition.
Image
Set a Realistic Budget
Find a car that fits comfortably within your budget. Don’t forget to account for taxes, fees, and insurance!
Image
Know Where to Buy
You can purchase from a dealership or a private seller. Make sure to get a mechanic’s inspection if you go the private route.
Image

Managing
Your Loan &
Building Credit

Image
Once you’ve secured your First-Time Auto Loan, it’s important to manage it well. Set up automatic payments or payment reminders to avoid missing a due date. Regular, on-time payments can help build your credit, making it easier to qualify for better rates in the future.
Ready to Drive Off in Your First Car?
Once you’ve secured your First-Time Auto Loan, it’s important to manage it well. Set up automatic payments or payment reminders to avoid missing a due date. Regular, on-time payments can help build your credit, making it easier to qualify for better rates in the future.
Apply now!
FAQ

*New vehicles are eligible for financing up to $35,000. A new vehicle is defined as one that have never been titled or previously owned, making you the first owner. Used vehicles are eligible for financing up to $25,000.

**Vehicles from the last seven model years qualify for a financing term of up to 72 months. For vehicles that are 8 to 9 years old, the maximum eligible term will be 60 months. Other terms and conditions may apply, including restrictions related to mileage.

***New Vehicles are eligible for financing up to100% of their value, while used vehicles may qualify for a maximum of 80% of their value. This includes all backend products, such as warranties, key replacement, and paint repair; however, it does not include guaranteed asset protection (GAP). The final limit is subject to credit review.

Certain program conditions may apply to qualify for the first time buyer program. Applicants must be at 18 years old and able to provide proof of employment and income, evidence of residence, meet minimum income and employment requirements, as well as adhere to debt ratio criteria. Additional terms and conditions may apply. Borrowers interested in the First-Time Buyer program can apply at any Tidemark Branch, online via the loan application at www.tidemarkfcu.org, or via our Contact Center at 302-629-0100.