Get your first ride
It's a big deal to get your first car on your own.
Independence looks good on you.
Our First Time Auto Program gets you on the road without needing credit history or a co-signer.1
How it works:
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Apply online or in branch.
2
Get a quick decision.
3
Shop confidently and drive home.
3.60%1 on Premier Savings
5.55%2 on Premier Checking
Your cash stays accessible
Qualification is easy
Your first car loan shouldn’t be complicated.
Getting behind the wheel for the first time is a big deal, and we built a loan to match the moment.
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Borrow up to $25,000
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Borrow up to $20,000 without a co-signer
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Choose flexible terms up to 60 months
No extensive credit history required, just a path forward that fits your budget and gets you on the road.
100% financing for your very first car loan.
Designed specifically for new borrowers with a credit score of 620 or higher, this financing option lets you cover up to 100% of the invoice cost.
You can apply it toward dependable, quality pre-owned vehicles, specifically those under 10 years old and under 100,000 miles.
Competitive rates for your first auto loan
First Time Auto Buyer FAQs
Is it hard to buy a car as a first time buyer?
It doesn’t have to be! While first-time buyers can face challenges—like limited credit history or uncertainty about the financing process—the right support can make all the difference. With the right financing partner, buying your first car can be a straightforward experience.
At Baton Rouge Telco Federal Credit Union, our First Time Auto Buyer Loans are designed to help you find a car that meets your needs and a loan you can afford. We’ll guide you through the process, answer your questions, and make sure you feel confident in the financial decisions you’re making.
Can I get a First Time Auto Loan with no credit history?
Yes! Our First Time Auto Buyer Program is designed for members with little to no credit history. We know credit takes time to build, and this program is here to help you get started. To qualify, a minimum credit score of 620 is required.
What is the Annual Percentage Rate (APR)?
The Annual Percentage Rate (APR) reflects the total cost of borrowing each year. It includes your interest rate plus certain fees, giving you a clearer picture of what you'll pay compared to the interest rate alone. In some cases, the APR and interest rate may be the same.
Can I finance the full purchase price?
Yes. At Baton Rouge Telco, you can finance 100% of the purchase price through our First Time Auto Buyer Program.
How much does a first-time car buyer have to put down?
At Baton Rouge Telco, you don't have to put any money down to finance your first car. You may qualify to finance the full amount of your car's invoice.
Do I have to be a member to apply for a First Time Auto Buyer Loan?
Yes, but becoming a member easy, and you can do it as you apply for your auto loan! Just make sure you meet the eligibility criteria.
Not a member yet?
Joining BRT is quick and simple.
Do you live, work, or attend school in one of the following parishes?
- Ascension
- East Baton Rouge
- East Feliciana
- Iberville
- Livingston
- Pointe Coupee
- Saint Helena
- Tangipahoa
- West Baton Rouge
- West Feliciana
Are you a parent, child, sibling, grandparent, grandchild, stepparent, or stepchild of a BR Telco member?
If you answered yes to either of these questions, you are eligible to join the credit union movement.
Ready to get behind the wheel?
Apply online today and take the first step toward your new ride.
Disclosures
1 – Co-signer is not required for loans under $20,000.
2 – APR = Annual Percentage Rate. Rates are subject to change and depend on various factors including creditworthiness. Your rate may differ. Rates shown are Telco's current rates and include a 0.50% discount for our Member Loyalty Discounts. Terms and conditions apply. Rates are subject to change and depend on various factors including creditworthiness. Your rate may differ. Maximum financing on all first time auto loans is 100%.