RRCU offers the savings you’re looking for with credit union repossessed vehicles at one competitive, affordable rate.
Access flexible repayment periods, helpful features, and all the benefits you need when you choose to borrow from RRCU. Check out our repo loan rate below.
All Year Models are 7.05% APR*
All vehicles sold in “as is” condition. There are no written or implied warranties or guarantees outside of any applicable manufacturers warranties. All offers subject to availability. Inventory subject to change.
FAST-MOVING INVENTORY - NO HOLDS ACCEPTED
Rate Effective Date:4/17/2024
*APR = Annual Percentage Rate. Rate subject to change without notice. With Approved Credit. Extended terms are available.
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Repo Loan Calculator
Not sure how much you’ll be paying per month on your reclaimed vehicle? Let us help. Use the calculator below to evaluate your monthly payments with variable term lengths, interest rates, and more.
Use this calculator to help you determine your monthly car loan payment or your car purchase price. After you have entered your current information, use the graph options to see how different loan terms or down payments can impact your monthly payment. You can also examine your complete amortization schedule by clicking on the "View Report" button.
Repo Loan Rate Definitions And Terms
Monthly payment
Monthly payment for your auto financing.
Total purchase price (before tax)
This is the total cost of your auto purchase. Include the cost of the vehicle, additional options and destination charges. Don't include sales tax in this amount. Sales tax will be calculated for you and included in your total after-tax price.
Term in months
Number of months for this loan.
Interest rate
Annual interest rate for this loan.
Rebates and cash down
Total amount of cash and/or factory rebates used in this purchase. The larger your cash down payment the smaller the loan you will need to finance this purchase.
Trade allowance
The total amount that you are given for any automobile that you trade-in as part of this purchase. In some states a trade-in can also reduce the amount of sales tax you will owe. See the definition for "No sales tax deduction for trade-in" for more information on trade-in vehicles and sales tax.
Amount owed on trade
Total loan balance still outstanding on the trade-in.
Non-taxable fees (optional)
Any additional fee that is not subject to sales tax. This usually includes document fees or any other fees that may be due at delivery and are not taxable.
Taxable fees (optional)
Any additional fee that is subject to sales tax. This usually includes title transfer fees or any other fees that may be due at delivery and are taxable.
Sales tax rate
Sales tax percentage rate charged on this purchase.
No sales tax deduction for trade-in
If you live in a state where your sales tax is calculated on your full purchase price, check this box. If this box is unchecked, sales tax is calculated on the purchase price less trade-in. Currently California, the District of Columbia, Hawaii and Michigan allow no deductions for trade-ins when calculating sales tax. In addition, Alaska, Delaware, Montana, New Hampshire and Oregon have no sales tax on autos.
Red River Employees Federal Credit Union
4405 Summerhill Road
Texarkana, TX
Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circ*mstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Factors Impacting Your Repo Loan Rate
Repo loans are different from conventional new or used vehicle loans, and financed at a flat APR rate of 7.05%*. This is primarily due to fast-moving inventory and the condition or age of the vehicles in our possession.
More About Repo Loans
Repo Loan Rate FAQs
Q: Can I place a hold on one of your repo vehicles?
A: Red River Credit Union can’t place any holds on repossessed vehicles. Our inventory moves quickly and is subject to change often. It is recommended that you check back frequently to find a vehicle you wish to purchase.
Q: Will the repo loan rate drop with a higher credit score?
A: Interest rates for repossessed vehicles from Red River Credit Union are fixed at 7.05% APR*. This includes all ages and model years of vehicles.
Q: Are your repossessed vehicles sold “as is”?
A: All repossessed vehicles from Red River Credit Union are sold “as is” to buyers with no additional warranties or guarantees outside of existing manufacturing warranties. Please reach out to one of our loan officers for additional information.
*APR = Annual Percentage Rate. Rate subject to change without notice. With Approved Credit.
