Shopping for your car
This is the exciting part of the process. And since you took the steps to apply for a car loan beforehand, shopping for your car should be even more fun. Getting pre-approved for auto financing puts you a step ahead of the dealerships. You already know what your budget is, so you won’t be swayed into purchasing a car that you can’t comfortably afford. Also, pre-approval from a credit union is the same as having cash in your pocket, giving you more negotiating power with dealerships as well as the option to buy from an individual.
So get shopping and have a blast. Remember to consider your desires as well as your needs as you make your decision. Which car feels right? If you want more guidance as you make your purchase, look over our First-Time Buyer’s Guide.
Closing the loan
You’ve found the perfect car — now there’s one last step before the keys are in your hand. Fortunately, it’s the quickest, easiest step: signing the papers. Come into your local branch to make the deal official. While you’re here, we’ll discuss including payment protection and mechanical repair contract options. We’ll also talk to you about your loan payment options. There is no interest for 60 days and no payments due for 90 days,* so you can enjoy your new car worry free for three months.
As a credit union, we aren’t beholden to investors. We work hard to provide our members with low auto loan rates. More importantly, we take your financial health personally and are committed to your future growth and success. We are with you for the entire journey, before you apply for a car loan, while you’re shopping for your next car, and after you sign the documents, to help you make tough decisions and manage your money wisely.
*Must meet minimum credit and collateral criteria to qualify for the 60/90 offer.