Archive for auto loan

Navigating the auto buying process can be overwhelming, and sometimes, we find ourselves locked into less-than-favorable loan terms. But the good news is that you don’t have to stay stuck in a loan that’s not working for you. If your financial situation has evolved, or if you’re simply looking to make smarter financial choices, auto loan refinancing could be your solution.

Here are three reasons why refinancing your auto loan might be a good idea:

1. Improve Your Loan Terms:

Perhaps you originally secured your auto loan through the dealership, which often comes with marked-up interest rates. Or maybe you’re simply unhappy with your current lender. Transitioning your auto loan to our credit union can lead to more advantageous terms and save you money in the long run.

2. Adjust Your Monthly Payment:

Life is full of changes, and sometimes you need to adapt your monthly payment to your current financial circumstances. You might be looking to lower your monthly expenses, or you could be in a position to pay off your loan more quickly. Whatever your goals, exploring a loan refinance can help you customize your payment plan to better suit your needs.

3. Leverage Improved Credit Scores:

Your credit score plays a significant role in determining the interest rate and terms of your loan. If your credit score has shown improvement since you initially secured your loan, refinancing can offer you a better deal. Take advantage of your improved creditworthiness to secure more favorable loan conditions.


Ready to explore the benefits of auto loan refinancing?
It’s easy to get started!

As a non-profit organization, we prioritize your financial well-being. We keep fees minimal and are committed to guiding you toward the path that makes the most sense for your financial situation. Our dedicated team is here to help you review your loan options and make informed decisions that save you money.

AUTO LOAN: How can I save money on my auto loan?

Looking for ways to save big on your next auto loan? Look no further! With decades of experience in auto lending, we’ve got two invaluable tips to supercharge your car-buying experience. Plus, discover how our credit union membership can put you in the driver’s seat of your finances.

1. Know Your Credit Score and Budget Before You Go. Before you hit the dealership, arm yourself with essential knowledge. Don’t let the dealership define your financial options. Take control with these steps:
– Check your credit score and understand your creditworthiness.
-Get pre-approved for a loan through your credit union before stepping onto the car lot.
-Enjoy the confidence of knowing your loan amount, interest rate, and monthly payment in advance.

Want to explore your auto loan options now? We’ve got you covered!

2. Get the “Extras” from a Trusted Source. When it comes to vital add-ons like Payment Protection and Gap Insurance, knowledge is your best friend. Be an informed consumer:
-Research your options for these products.
-Keep in mind that products often sold at dealerships may come with hefty markups.
-As a credit union member, access these essential extras at a much lower cost, thanks to your exclusive membership benefits.

Ready to hit the road for your car shopping journey? Let us help you discover your pre-approval amount and guide you towards money-saving opportunities. Our expert team assists members every day in reviewing their loan options and securing fantastic deals. The application process is quick and easy—apply online now!
 
Still have questions? No problem! Check out these answers to common auto loan questions from members:
What is the benefit of getting pre-approved for an auto loan? Pre-approval provides you with a clear understanding of your loan amount, interest rate, and monthly payment, allowing you to shop confidently and avoid high-pressure tactics at the dealership.
How do credit union loans compare to dealership financing? Credit union loans often offer lower interest rates and reduced fees, providing more significant savings in the long run.
Are credit union extras like Payment Protection and Gap Insurance cost-effective? Yes, credit union members enjoy exclusive pricing on these essential add-ons, resulting in substantial cost savings.
 
Get ready to drive away with savings! Apply online today or text APPLY to 301-882-8269 and experience the difference of credit union membership.

All branches will be closed Monday, May 27th, 2024 to observe Memorial Day. You can bank with us anytime, anywhere with our Mobile App or Advantage Plus Online Banking!