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Business Auto Loans

Keep your business moving with a new or used auto loan.

Options include: 

  • New or used vehicles
  • Flexible terms

Making a payment or setting up automatic billing is easy.

Log into Maps’ free Online Banking and click on your credit card under the loan summary. You’ll also find a transaction summary, statements, special offers, and access to your reward points. 

Frequently Asked Questions

What types of business auto loans does Maps Credit Union offer?

We offer loans for a diverse range of commercial vehicles including non-passenger ones. If you are curious about it, connect with a lender at 503.588.0181. If you would like to finance a fleet of 4 or more vehicles, contact our Commercial Lending Department directly at 503.779.1308.

Who is eligible for a business auto loan from Maps Credit Union?

Businesses of all shapes and sizes have auto lending needs that we strive to meet. Although well qualified applicants include businesses that have been in operation for 2 or more years, we’re happy to work with newer businesses as well.

Can I finance a used commercial vehicle through Maps Credit Union?

Absolutely! Just give us a call!

What information do you need to collect when I apply for an auto loan?

When applying for an auto loan, you’ll need to provide the following details for yourself and any co-applicant:

  • contact information (phone number and email)
  • current housing, employment, and income information
  • any vehicle trade-in information (title or loan information, registration, etc.)
  • the amount you expect to finance (including vehicle purchase price, taxes, tags, title, and warranty, minus any down payment)
  • length (term) of the desired loan

And, if you’ve already picked out the vehicle you wish to buy, you’ll also need:

  • the 17-character vehicle identification number (VIN)
  • the state where you’ll register the vehicle
  • the exact mileage reading
  • the dealer or seller’s name

For refinance loans, you’ll need to give us specific vehicle information such as the VIN, exact mileage, lender contact information, and payoff amount.

What is a VIN?

The vehicle identification number (VIN) is essentially a car’s fingerprint. It is a 17-character string of letters and numbers assigned to a vehicle by the manufacturer. It identifies the year, make, model, and other vehicle specifications.

Do I need a co-applicant to get approved for a business auto loan?

No, but depending on your situation, a co-applicant may improve the loan-to-value ratio, which could help with the approval process.

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