Auto Loans
Need a new ride? We've got you.
We do everything we can to make buying a car as painless as possible, whether you're looking for a new or used vehicle.
New and Used Auto Loans
Finance your new or used car or truck while meeting your budget. Our auto loans are tailored to fit your financial goals, with flexible terms and low rates.
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Competitive rates on new and used cars and trucks
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No application fees
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Get preapproved before you visit the dealer
Refinance Your Auto Loan
Are you paying too much for your car or truck? If you’re not happy with your auto loan, refinancing might help you find a loan with better terms. Depending on your situation, you may be able to:
- Lower your monthly payment
- Reduce your interest rate
- Pay your car or truck off faster
Loan Protection Options
Loan protection may help to keep your bills up-to-date, deal with the loss of a loved one, and may even assist with the loans associated with your vehicle. As a CU1 member, we’re here to help protect you and your family. We've made it easy for you to protect your financial well-being with loan protection options that can help give you peace of mind.
Guaranteed Asset Protection (GAP)
If your vehicle is deemed a total loss due to an accident or theft, there can be a significant gap between what you owe on your loan and what your auto insurance will cover. Guaranteed Asset Protection may help make up the difference.
- GAP may reduce or even eliminate the shortfall in the event your vehicle is deemed a total loss
- GAP Plus can help reduce your next loan at the credit union, making it easier to get the replacement vehicle you’ll need
- Claims are subject to product maximums and limits
- The GAP fee can be added to the total amount financed by the new loan
Mechanical Breakdown Protection
Manufacturer’s warranty on your vehicle expired? No worries! Pay for covered repairs on new and eligible used vehicles. This coverage is excellent for dealing with unexpected vehicle repairs.
- A choice of protection levels with various deductible options and term/mileage plans
- Hassle-free claim payments made directly to the licensed repair facility
- Coverage may be transferred if the vehicle is sold to a private party
- The premium can be added to the total amount financed
- Coverage can be added at any time, within mileage requirements
Debt Protection
Debt protection can be elected to cover your loan payment if you become ill or are injured and unable to work for more than two weeks on doctor's orders. In such a case, payment protection would cover your payments for the time you are out of work, up to nine months.
Limited Time Offer
This holiday season, Credit Union 1 has the perfect gift for you!
Finance an auto or recreational loan with us between November 1 and December 31, and enjoy no payments for 90 days.*
*No payments for 90 days on approved credit. Offer valid for auto and recreational loans only, closed by December 31, 2024. Delaying your first payment may increase finance charges. Offer subject to change without notice. Not valid for refinancing of existing Credit Union 1 loans.
Access your purchasing power when you prequalify for an auto loan with CU1.*
*Credit Union 1 uses a soft pull of credit to determine your offer, which won’t affect your credit score. If you take advantage of the offer presented, your full credit report will be pulled at that time. All loans are subject to approval and Credit Union 1 lending policies. Offers, rates, and terms are subject to change.
