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 = Annual Percentage Rate. 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 4.99% APR for 60 months would be $471.67 per month or $18.86 per $1,000 borrowed. The term of repayment affects the monthly payment obligation. Contact credit union for complete details. This information is not an offer to extend consumer credit as defined by Section 1026 of Regulation Z.