Florida Used Car


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Chances are you’ve already done an online used car search and have an idea of what type of used vehicle you want. Have you considered how you’re going to pay for that used car? Before heading to the dealership, try to secure your financing with a credit union used car loan. See how you can get used car financing in just a few easy steps.
Compare Used Car Finance Rates

Find the best-used car finance rate and payment terms for your used car.

Estimate Monthly Payments 
With our Car Loan Calculator quickly run the numbers to get an estimate of what your monthly payment would be.
Get Pre-Approved 
Save thousands of dollars by getting pre-approved for your used car loan.
Find & Shop Used Cars 

Our trusted Auto Advisors have made shopping for a used car easy.



Rates effective as of February 26th, 2024

36 Months

Rates as low as


Purchase transactions only. Other conditions may apply.

60 Months

Rates as low as


Minimum loan amount required. Other conditions may apply.

78 Months**

Rates as low as


Minimum loan amount required. Other conditions may apply.

84 Months**

Rates as low as


Minimum loan amount required. Other conditions may apply



By calculating your payments for your used auto loan based on the rates and terms from above, you can have an idea of what your month to month payments will be. Remember, the rate you qualify for may differ depending on a variety of factors including the you select and your credit score.


  • If you’re a new borrower or someone who has little credit, consider getting a cosigner with a strong credit history. Used car interest rates can be high if you’re a new borrower or have little credit, this can help to bring down overall costs.
  • It’s important to be aware that used cars are more of a risk, which is why it could end up costing more overall. Look at the fine print and research everything that is included in your used car financing. Consider adding protective services such as Guaranteed Asset Protection (GAP), Mechanical Breakdown Protection, and payment protection to your used auto loan.

  • Additional member-exclusive benefits: Receive a comprehensive CARFAX Vehicle History Report at a special discounted rate of $15 with your Tropical Financial auto loan preapproval. Alternatively, take advantage of our exclusive bundle offer, which includes three (3) CARFAX reports for just $39.99—a total value of $64.99. Being informed about a used car's history can help you steer clear of potentially costly issues in the future.

Click Here To Find Out How



Ready to Shop for Your Used Car? 
Download the TFCU Car Buying Checklist for killer tips! 
TFCU Car Buying Guide


Although every car buying process is different, there are few instances when you should consider used auto financing. Here are common scenarios where used auto financing is the way to go:

  • Antique cars (only vehicles manufactured after 1946)
  • First-time borrower or those who don’t have established credit
  • Parent gifting child with a used car
Have a question but don't want to wait on hold?


Can I Finance a Certified Pre-Owned Vehicle with TFCU’s used auto loan?

Yes. Certified pre-owned vehicles are great way to maximize a used auto loan from TFCU. Certified pre-owned vehicles have gone through inspection and are generally newer with fewer miles compared to a traditional used car. They also offer a more comprehensive warranty than a traditional used car.

Does TFCU offer 0% financing on used cars?

Generally, credit unions do not offer 0% financing on used vehicles. Zero percent financing is usually a type of financing that is offered through the dealership and cannot be combined with any other offers (discounts, rebates, etc.) It’s recommended to compare the 0% percent financing and credit union used car loan rate to see which option will save you the most money.

Do you offer Mechanical Breakdown Protection?

Mechanical Breakdown Protection offered for Auto and Motorcycle.

Your vehicle is a major investment. That is why purchasing mechanical breakdown protection (MBP) is a wise choice. MBP can help ensure that the investment in your vehicle is protected, and reduces the possibility of out-of-pocket expenses when your vehicle suffers an unexpected mechanical failure. Most important of all, Mechanical Breakdown Protection provides Peace of Mind so you can experience Worry-Free Driving!

Money Back Guarantee!
You may cancel anytime during the first 60 days, contingent on a claim not being filed, and get a 100% refund.

Features and Benefits

  • Nationwide Protection
  • 24-Hour Roadside Assistance for the term of your coverage
  • Rental Vehicle Assistance
  • Transferable Coverage if you sell your vehicle before your agreement expires
  • Learn More about MBP Features & Benefits

The Cost of Repairs

Did you know that one in three vehicles experience a mechanical failure in a given year?
The typical extended warranty owner will make several claims during the life of their contract. Should your
vehicle experience a failure after the manufacturer's warranty expires, without an extended warranty you will have no protection from the unexpected repair costs that can be in the thousands of dollars!

Vehicles today are growing extremely complex and contain high-tech sensors, electronics and computers that suffer unexpected failure and need to be replaced. While engines and transmissions are more reliable than ever, it's these other sophisticated parts that frequently fail. As vehicles become increasingly more complex, associated repair costs rise dramatically!

Do you offer payment protection plans for car loans?

Yes. Payment Protection is available for auto loans. There are two types of Payment Protection:

  1. Credit Life Insurance pays off or reduces a borrower's loan balance if the borrower dies. Joint Credit Life Insurance protects both a borrower and co-borrower if both are named on the loan application and are jointly and individually liable under the loan.

  2. Credit Disability Insurance is designed to make loan payments (up to the contract limit) if the insured becomes disabled and unable to work. Joint credit disability coverage is only available in certain states.

Payment Protection Features Include:

  • Maximum loan terms and loan balance (for credit life) and contract limit (for credit disability) vary by financial institution and may vary by state. Check your Payment Protection plan parameters for specific details on your plan.
  • A medical exam is usually not required although general health questions may be asked.
  • Single and joint coverage is available in all states for credit life insurance. Single coverage is also available in all states for credit disability insurance. Check your Payment Protection plan parameters for the availability of joint credit disability coverage in your state.
  • Premiums are regulated by each state and generally result in reasonable monthly premiums.
  • Application is usually done at time of loan application and the monthly premium is typically included in the monthly loan payment for added convenience.
  • Refer to your financial institution's Payment Protection application/certificate or Product Reference Card for details regarding eligibility requirements.

Payment Protection Benefits Include:

  • Protects financial security and credit rating: Credit disability insurance protects a borrower's credit rating by ensuring the loan will not end up in default in the event of disability.
  • Reduced financial burden: Protects borrowers and their families from financial hardships as a result of loss of income caused by death, illness or injury.
  • Protects borrower assets: Allows borrowers and families to retain their assets, including the collateral and savings, when an income is interrupted during unfortunate circumstances.
  • Convenient: A short application makes it is easy to apply at time of loan application or loan closing. The monthly premium is included in the loan payment.
  • No Obligation for 30 Days: If the borrower decides the plan is not what they need, they can cancel it within 30 days without obligation. Rarely does this occur, but borrowers appreciate knowing that they have this option.
Getting a Used Auto Loan in Miami
Getting an auto loan for a used car loan from a credit union is a quick process. We recommend that applicants check out TFCU’s used auto loan rates comparison before applying and get preapproved for an auto loan before shopping. The application for a used auto loan can be found on our website, filled out in one of our branches or completed by phone with one of our representatives.

Once approved, it’s time for members to begin car shopping. We recommend using AutoAdvisors during the used car shopping experience, as they are a service dedicated to credit unions only. They have members’ best interest in mind, by scheduling appointments, locating the best vehicle for you within your budget and handling all the details.

Types of Used Cars
When selecting a car to buy with your used auto loan, be sure to know the difference in used cars. There are certified pre-owned and used with the option of purchasing an extended warranty. It’s important to know the difference when buying, so that you have all information to make a comfortable decision.

Why should I purchase a Certified Pre-Owned vehicle in Miami?
If you’re looking for a lightly used car with low miles, a certified pre-owned (CPO) vehicle may be the best option for you. CPO vehicles have gone through inspection and are generally newer and have fewer miles compared to a used car. They offer a more comprehensive warranty than that of a used vehicle, which may include free maintenance, roadside assistance and a manufacturer-backed extended warranty.

Certified Pre-Owned vehicles are a good idea if you’re looking into purchasing a more expensive or luxury vehicle, but want a model less than 3 years old. For example, popular car brands in Miami that are purchased as CPO include Jeep, BMW and Mercedes. 

What are the benefits of buying a used car in Florida?
The benefit of owning a used car is how cost-effective it can be. You generally are paying a lower cost for the vehicle and lower monthly car payments, which can save you thousands overall. We also recommend purchasing a used car for teen and first-time drivers, due to their risk of getting into an accident.

Getting a loan for an older used car in some cases may be easier, as the car has gone through its depreciation. Other benefits of purchasing a used car include lower cost on renewing registrations and cheaper cost of insurance, especially in accident-prone states like Florida and California.

For more tips and tricks be sure to check out our auto blog here.

*APR = Annual Percentage Rate. Eligibility for the lowest advertised rate is based on creditworthiness, year of vehicle, ability to repay, credit score, down payment, terms and loan to value. Other rates and terms may apply and your rate may differ based on the loan program, term of repayment and other factors. TFCU will deposit the $1 minimum requirement to open your account.  Member must reside in a state within TFCU lending area. Other conditions may apply. Rates and Offers are subject to change without notice. Current TFCU accounts must be in good-standing, not have any type of restrictions, and TFCU loans paid-to-date.

**Up to 84 month rate and term available for new and used automobiles.  Minimum loan amounts and model year restrictions apply.

Automobile: New automobiles include autos current year and previous year. Used Auto includes previously titled vehicles 8 years old or newer. Up to 100% financing not to exceed the lesser of MSRP or the final purchase price plus tax and Vehicle Service Agreement on new vehicles up to 1,000 miles or the NADA retail value plus/minus options and mileage on used vehicles. Older Used Auto includes vehicles 9 years and older and must reflect a NADA value.

Classic Vehicles. Manufactured after 1946 at least 30 years old. Other conditions may apply.

Auto Loan Example: $10,000 loan at 6.39% APR with 60 monthly payments of approximately $195.19

*90-day payment deferral subject to credit qualification. Interest will continue to accrue during the 90-day deferral period on the full amount borrowed beginning on the loan issue date. The accumulation of interest, with no payments being made to reduce the principal, will be added to the total repayment amount. If you have purchased disability, and/or life insurance any charges will continue to accrue for any deferred month, and the final loan payment will include such charges.  If you have purchased GAP insurance, please note that deferred payments may be excluded in the GAP coverage. Any deferred payments could be deducted from a GAP claim settlement, and you will be responsible for the remaining deficiency balance that may result. Other restrictions may apply. This offer may be removed at any time without notice.  Offer cannot be combined with any other offer.