New & Used Auto Loans
Get preapproved for a new or used auto loan. Explore rates, terms, and our full range of financing and refinancing options.
Once your application has been submitted, our team will provide you with regular updates about your application status and timeline. Here are the four key stages you can expect to see with a successful loan application.
Our team will review your application material. We’ll notify you if any updates are needed.
If your application is conditionally approved, it’s sent to our underwriting team for a more detailed financial review.
Once the underwriting team gives the green light, you will be asked to review and confirm the final loan details.
Amplify will create a new loan account in your name and authorize the release of your funds.
Auto Loan FAQs
We answer some common questions about the auto loan experience at Amplify.
Can I talk to someone at Amplify about a loan?
For those who want to spend a little extra time talking through their options, our consumer lending team will always be happy to schedule a phone consultation or in-person appointment at an Amplify branch. Contact our team at (512) 834-6509 to discuss your options.
What types of auto loans does Amplify offer?
There are many ways to purchase a new or used vehicle. Amplify is able to finance dealership loans, refinances, private party purchases, and clear title loans for both existing and prospective members. If you are unclear which type of loan applies to you, please contact our auto lending team at (512) 834-6509.
What vehicles will Amplify finance?
Existing and prospective members can finance all standard vehicles with a manufacturer’s date within the last nine years. Amplify also offers loans for new motorcycle and recreational vehicles (R/Vs) or used vehicles manufactured within the last four years. Please note that mileage limits may apply to each vehicle type.
Does Amplify offer Tesla financing?
Amplify does offer both new and used financing for Tesla vehicles. That said, please note that the buying timeline for Teslas are often dependent upon inventory and can impact your lending process. Before you submit an application, please contact our auto lending team at (512) 834-6509 to discuss next steps.
Can I add a vehicle protection package to an existing loan?
Amplify offers vehicle protection packages to members on used vehicles – even if your vehicle was financed through another financial institutions or is paid off entirely. Please note that eligibility can vary depending on the make, model, and value of your vehicle. To discuss eligibility, contact our auto lending team at (512) 834-6509.
Does applying for a vehicle loan hurt my credit?
When you apply for a Vehicle loan loan at Amplify, our lending team will perform a “hard pull” on your credit history. Hard inquiries do appear on your credit history and too many hard inquiries can impact your credit score. For more information on hard credit pulls, visit the Equifax website.
Are Carvana or Carmax customers eligible?
At this time, Amplify does not underwrite auto loans through Carvana or Carmax.
How do I register a used vehicle purchase?
When you agree to purchase a used vehicle from another party, you will need to register that vehicle with the Texas Department of Motor Vehicles.
* APR is Annual Percentage Rate. Rates effective as of 05/26/2023. Rates subject to change without notice. Actual APR determined at time of loan funding and is based on your application and individual credit information. Vehicle model year 2019 and newer. Does not apply to existing Amplify Credit Union loans. Full coverage insurance with a maximum deductible of $1,000 is required. Requires Amplify Credit Union be added as lienholder. Other conditions may apply. Membership required.
* Payment example: 60-month auto loan of $20,000 at 6.40% APR will have an estimated monthly payment of $390.39 (not including taxes and fees).