First-Time Auto Buyer Program

The First-Time Auto Buyer program at Fort Worth City Credit Union is meant to assist our young members without much (if any) credit history get a vehicle at a reasonable rate. The program is available to qualifying members, based on approved credit and other established requirements, such as a verifiable employment record.

A First-Time auto buyer is someone who has:

  1. No credit score OR no previous auto financing history

  2. Under 27 years old

Qualifications for First-Time Auto-Buyer Program:

  1. Must be at least 18 years old and not over 27 years old,

  2. Must be employed for a minimum of one year, or have a qualified co-signer, or recently graduated with a 4 year degree or from an accredited technical college.

  3. Have no previous auto financing history and no derogatory credit history,

  4. Minimum gross income requirement is $3,500 or have a qualified co-signer,

  5. Monthly payment not to exceed 20% of gross income, including insurance premium,

  6. Proof of auto insurance binder required,

  7. Maximum auto loan amount is $45,000, and

  8. Must provide a minimum of 5% cash down (having a qualified co-signer may reduce or eliminate the need for a cash down payment).

Do you qualify? Apply today!


*APR quoted "as low as" and are subject to change. Must qualify for the lowest rate. Payments on an Auto Loan of $25,000 financed at 6.24% APR for 60 months would be $486.11 per month or $19.44 per $1,000 borrowed. The term of repayment affects the monthly payment obligation. Contact credit union for complete details.