All Loans > Auto Loans > Commonwealth Credit Union Auto Loans Calculator
Important disclosure

CommonWealth Credit Union Auto Loan Calculator, Interest Rates & Overview

Carla Soto
Carla Soto
Updated 5 Sep 2023
Fact checked

CommonWealth Credit Union auto loans overview

CommonWealth Credit Union (CWCU) logo

CommonWealth Credit Union (CWCU) helps members fund their dream rides with affordable interest rates and workable terms. CWCU offers discounted rates, repair, service, maintenance, and warranties to qualified borrowers, too. CWCU is available to residents and workers in Ford, Grundy, Iroquois, Kankakee, Kendall, Livingston, and Will County.

Want to see what a CWCU auto loan will cost? Try the CommonWealth Credit Union auto loan calculator below! All you have to do is enter your desired loan amount and term to see an estimate. You can use the calculator to adjust your loan amount and term to see how it might affect your monthly payment.

Key CommonWealth Credit Union auto loan features

  • Minimum loan amount: Undisclosed.
  • Maximum loan amount: Up to 100% of the retail price, including the tax and license.
  • Interest rates: As low as 5.29% APR.
  • Loan terms: Up to 84 months.
  • Loan fees: Undisclosed.
  • Discounts: 0.50% rate discount with autopay using a CWCU account, and a 0.25% discount for auto payments from a non-CWCU account. Discounted repair, service, maintenance, and car warranties.

COMMONWEALTH CREDIT UNION AUTO LOAN OPTIONS

New and used vehicles

If you’re looking for a pre-owned or new car, CWCU has financing and refinancing options with competitive auto loan rates and long terms. You can secure 100% financing for a new vehicle for as low as 5.29% APR. And if you’re after used auto loans, you can lock in rates starting at 5.39% APR for 2018 to 2022 models.

Recreational vehicle and boat loans

CommonWealth Credit Union also provides choices for new and used recreational vehicles and boats. You can pick from a range of rides, including motorcycles, campers, boats, snowmobiles, ATVs, and more.

Special offers

Until June 30, 2023, CWCU has a special rate on vintage wheels, too. Starting at 6.39% APR, you can finance a vintage vehicle for up to 60 months. Note that you need a minimum loan amount of $10,000 to qualify for this offer.

CommonWealth Credit Union auto loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

$25,000

Term

60 months

Change
Commonwealth Credit Union

Commonwealth Credit Union auto loan

Commonwealth Credit Union auto loan
Estimated Month Repayments
$595 Inclusive of fees
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Get a low interest rate Commonwealth Credit Union auto loan
Featured
Achieva Credit Union

Achieva - New Auto Loan

Estimated Month Repayments
$437 Inclusive of fees
Interest Rate
1.89%
APR
Repayment Period
12 months
to 84 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Low fixed interest rates. Flexible terms. Same-day approvals. No hidden fees.
Featured
Bank of America

Bank of America auto loan

Estimated Month Repayments
$595 Inclusive of fees
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Get a low interest rate Bank of America auto loan

SeeLoans.com provides factual information about financial products. While SeeLoans.com attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on SeeLoans.com is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product, you will be dealing directly with that provider and not with SeeLoans.com. SeeLoans.com recommends reading the relevant product disclosure statement or product guide before taking up any financial product offer. Please view SeeLoans.com's Terms of Use for more information.

Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

How to apply for a CommonWealth Credit Union auto loan

Eligibility criteria

Although CWCU doesn’t list the specific requirements for auto financing, you typically should be:

  • A member of the CommonWealth Credit Union
  • At least 18 years old
  • Employed or have a steady source of income

Lenders commonly offer their best interest rates and terms to applicants in good credit standing. Whether it’s your first or next car, try to build your credit before you apply. This will help you qualify for more favorable offers.

How to join CWCU

To become a CommonWealth member, you need to meet one of the following:

  • Live or work in Kankakee, Ford, Iroquois, Grundy, Kendall, Livingston, or Will County in Illinois
  • A family member of a current CWCU member
  • An employee of one of CWCU’s selected employee groups

What you’ll need to have ready:

When you apply for auto financing with CWCU, you’ll be asked to provide personal information such as:

  • An email address
  • Your full name
  • Address
  • Social Security number
  • Employment information
  • Income details
  • U.S. citizenship status
  • A list of monthly expenses

You may need to provide CommonWealth Credit Union with additional documents to complete your loan request. These documents may include a purchase agreement or bill of sale, car registration and title, instructions for buying out a lease, proof of income (such as federal tax returns and W-2s), and financial statements.

Based on your application, CWCU may require more details and documents, too. For instance, if you’re refinancing your vehicle, you may need to provide information on the vehicle, such as the make, model, year, and mileage.

Ways to apply for a CommonWealth Credit Union auto loan:

  • Apply online by clicking the GO TO SITE link in the table below
  • Visit a branch
  • Call (815) 937-7440

Additional CWCU auto loan details

  • Automatic payment: Available.
  • Loan approval times: Undisclosed. However, credit unions may take a few minutes to a few weeks depending on your situation.
  • Rate discounts: 0.25%-0.50% rate discounts with autopay.
  • Repayment frequency: Monthly.
  • Late payment fees: Undisclosed.
  • Prepayment penalty: Undisclosed.
  • Co-borrowers allowed: Yes.
  • Co-signers: Undisclosed.
  • Ways to repay: Online, over the phone, and payroll deduction.
  • Hardship program: Skip-a-payment program available. (Download form)

Vehicle restrictions and limitations

  • Maximum vehicle age: Undisclosed.
  • Maximum vehicle mileage: Undisclosed, but vehicles with 100k miles or more should add 2% to the displayed rates.
  • Other vehicle restrictions: Undisclosed.

PROS AND CONS

Pros

  • Long long terms extending up to 84 months.
  • Competitive interest rates for qualified borrowers.
  • Discounted auto insurance.
  • Online vehicle search tool.
  • Up to 100% financing.
  • Discounted repair, service, and maintenance through free myEZ Car Care membership.
  • Special low-rate offers on vintage vehicles.
  • Optional GAP insurance and loan protection.
  • Rate discounts with automatic payments.

Cons

  • Limited to CWCU members.
  • Only 2 branches available.
  • Members with low credit scores may receive higher rates.
  • $6 convenience fee when using the loan payment center.
  • $9.50 transaction fee for over-the-phone payments.

Frequently asked questions

How much interest does CommonWealth charge on car loans?

You can get as low as 5.29% APR. But keep in mind that everyone’s annual percentage rate (APR) is unique. So, your overall credit, loan balance, collateral, and loan term can affect the rates you may qualify for. Note that all loans subject to credit approval.

Are there discounts available on CommonWealth Credit Union car loans?

Yes. When you set up autopay using your CWCU account, you can get a rate discount of 0.50%. Meanwhile, you can get 0.25% off your rate if you use a non-CWCU account.

Can I apply for CWCU vehicle finance online?

Yes. You can submit your loan application online whether you’re buying your first or next vehicle.

What is the maximum term of a CommonWealth Credit Union auto loan?

CWCU offers flexible terms of up to 84 months depending on your credit score, mileage, and age of your vehicle.

How many pay slips does CommonWealth Credit Union require during my car loan application?

Though CommonWealth doesn’t indicate the number of pay stubs you need, you should typically prepare your 2 most recent payslips. In case you’re self-employed, CWCU may request other proof of income, like tax returns.

Carla Soto
Carla Soto

Carla is a skilled copywriter at BestFind with a background in marketing and communications. She specializes in reviewing personal loan and finance products to help readers navigate the complex world of personal finance.

.

Seeloans.com provides factual information in relation to financial products. While Seeloans.com attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on Seeloans.com is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with Seeloans.com. Seeloans.com recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see Seeloans.com’s Terms of Use and Services Guide.

© 2025 Seeloans.com