Fuel Efficient Vehicle Loans
Financing the clean energy movement
You can help lead the way to a cleaner tomorrow by driving a vehicle that increases fuel efficiency, reduces harmful emissions, and cuts your fuel costs.
Rio Grande Credit Union's energy efficient vehicle loans offer 0.50% lower rates and flexible terms for the following types of new and used cars, motorcycles, or trucks:
- All-electric
- Plug-in hybrid electric
- Hybrid and/or highly fuel efficient with an EPA Fuel Economy of at least 40 MPG (combined city/highway)
- Fuel cell and alternative fuel vehicles (ethanol, natural gas, propane, hydrogen) with an EPA Fuel Economy of at least 40 MPG (combined city/highway)
Loan Benefits
- Terms up to 84 months
- New and used vehicles
- Fixed auto loan interest rates as low as 7.74% APR (OAC)1
- Up to 90 days with no payment2
- No application fees
- Auto loan refinancing available
1. APR=Annual Percentage Rate. Rates are subject to change at any time without notice. All loans, terms, and conditions are subject to credit approval. Rates listed are “as low as” rates and assumes excellent credit history. Not all applicants will qualify for the lowest rate. Actual interest rate charged is based on credit history, age of the vehicle and terms of the loan, which can only be determined upon receipt of application. All consumer loans are charged simple interest with no pre-payment penalty. Up to 100% financing available for qualified applicants. Payment example: $624.33 for a $20,000 loan for 36 months at 7.74% APR. Other terms and rates are available and may be more beneficial for your situation.
Calculate Your Payment
Fuel Efficient Vehicle Loan Calculator
Choose Your Rate
| Term in months | Rate as low as | |
| 36 | 36 | 7.74% |
| 48 | 48 | 8.24% |
| 60 | 60 | 8.74% |
| 72 | 72 | 8.99% |
| 84 | 84 | 9.64% |
What's Your Loan Amount?
Fuel Efficient Loan Rates
Lower rates for your green machine
| Fuel Efficient Vehicle Loans | ||
| Effective Date: Thursday, December 26th, 2024 | ||
| APR As Low As | Term | Approx Monthly Payment ($20,000 Loan) |
| 7.74% | 36 Months | $624.33 |
| 8.24% | 48 Months | $490.51 |
| 8.74% | 60 Months | $412.65 |
| 8.99% | 72 Months | $360.41 |
| 9.64% | 84 Months | $328.32 |
| APR=Annual Percentage Rate, is subject to change at any time without notice. All loans, terms, and conditions are subject to credit approval. “As low as” rate assumes excellent credit history. Rates good for current and past three model years. Great rates available for older models as well. Not all applicants will qualify for the lowest rate. Actual interest rate charged is based on credit history, age of the vehicle and terms of the loan, which can only be determined upon receipt of application. All consumer loans are charged simple interest with no pre-payment penalty. Up to 135% financing available for qualified applicants. 73-84 month financing available on vehicles over $20,000. Maximum term for vehicles under $10,000 is 48 months. | ||