[1] APR=Annual Percentage Rate. [2] All vehicle models 2019 and newer are considered new autos. Payment example is based on a $15,000 loan. [3] All vehicle models 2018 and older are considered used autos. Maximum mileage is 100,000. Vehicles with more than 100,000 miles or older than 8 model years add 1.00% to rate. Payment example is based on a $15,000 loan. [4] Payment example is based on a $15,000 loan. All loans subject to credit approval. Membership eligibility required.
[1] APR=Annual Percentage Rate. [2] All vehicle models 2019 and newer are considered new autos. Payment example is based on a $15,000 loan. [3] All vehicle models 2018 and older are considered used autos. Maximum mileage is 100,000. Vehicles with more than 100,000 miles or older than 8 model years add 1.00% to rate. Payment example is based on a $15,000 loan. [4] Payment example is based on a $15,000 loan. All loans subject to credit approval. Membership eligibility required.
Ready for an upgrade? Get the car or truck you've had your eye on, or enjoy potential savings by lowering your existing car loan payment with a CCCU car loan today.
Vehicles can depreciate in value quickly—sometimes quicker than you can pay off the loan. This could leave you on the hook financially if your new vehicle is totaled or stolen and not recovered. Ensure you are covered by signing up for GAP.
Our MEMBER'S CHOICE® Guaranteed Asset Protection (GAP) Plus coverage includes $1,000 towards your down payment on a replacement vehicle when financed by CCCU within 60 days after your primary insurance company issues a settlement check.
Be sure to ask about GAP when you apply for your CCCU Auto Loan to learn how this coverage can protect you and your family.
CCCU's Mechanical Breakdown Protection (MBP) is a great extended car warranty option that protects you and your wallet from costly repairs and potential breakdowns beyond your existing manufacturer's car warranty. Benefits include:
Ask about our MBP extended car warranty coverage when you apply for your CCCU car loan.
When life throws you a curveball, be one step ahead with our Auto Loan Protection. Enjoy added security from potential delinquency, default, or foreclosure if a protected life event unexpectedly happens to you.
Protected events include:Ask about our loan protection options when you apply for your CCCU Auto Loan.
“CCCU was the only credit union (or bank) that I encountered where a single person worked with me from start to finish, and the only place that really took a careful individual look at assets, history, etc. So...I highly recommend them for both everyday banking and loans.”
John C.“JUST the best. I switched over to CCCU from another CU I shall not name here. The difference between the old one and CCCU is night and day. Everyone at CCCU is genuine, skilled, friendly, and really easy to talk to. I love my credit union!”
Corey C.“I've never applied for a loan before, but today Katherine N. walked me through the process and made it pain-free and simple. She's amazing at her job: super helpful and kind, and you can tell from her voice she truly, actually cares. That matters to me, and it should probably matter to you, too. Even the atmosphere inside the CCCU building is welcoming and easy. I cannot recommend this place enough.”
Kell D.Enjoy browsing our collection of recent articles relating to car buying tips, auto loan financing, and more.
You don’t need to be a member to start an Auto Loan application. However, you’ll need to qualify for membership to complete the process.
CCCU does not always require a down payment for vehicle loans. Financing options are available for up to 100% of the purchase price. Whether you need to make a down payment will depend on your application, including the loan amount, loan term, collateral, and credit history.
Refinancing your car is an easy way to potentially lower your car loan interest rate and monthly payments. To do this, you’ll need the right information and documents (car mileage, VIN number, 10-day payoff amount, driver’s license, and possibly income verification), and then you’ll choose a financial institution with which to apply.
The bank or credit union will review your information, check your credit history, and then let you know whether or not you qualify for a lower interest rate. If you do, they’ll work with you to run the numbers and set your new loan term to a lower monthly car payment.
Yes. If you owe money on a CCCU Auto Loan, we will retain the title to your vehicle until the loan is paid in full. Once you've found a buyer, you should pay off your loan with funds from the sale, and then CCCU will release the title for transfer to the vehicle's new owner.
Credit history is one of the main factors lenders consider to determine auto loan approval. It shows them whether the borrower is high or low risk. Most financial institutions will look at the borrower’s industry-specific auto FICO® Score5, their base FICO® Score from one or more consumer credit reporting bureaus: Equifax, Experian and TransUnion.
A borrower’s credit score doesn’t just determine car loan approval and the eligible amount, it also affects the interest rate the borrower is given. While it’s possible to find car loan interest rates between 0-8% on new car loans, borrowers will require a credit score of 700 or higher. Reversely, while a borrower may find an auto loan lender willing to accept an average (mid-600s) or low (500s to low 600s) credit score, the borrower’s interest rate will likely be three to five times higher (between 10–24%) than those with good or excellent credit.
If your vehicle is totaled or stolen within the term of your loan, your insurance company only pays the actual cash value of the vehicle at the time it is totaled or stolen. In some cases, this amount may be less than what you owe on your loan. GAP serves as additional protection that could pay down your remaining loan balance.
At CCCU, we offer MEMBER'S CHOICE® Guaranteed Asset Protection (GAP) Plus coverage to our members, which includes $1,000 towards your down payment on a replacement vehicle when financed by CCCU within 60 days after your primary insurance company issues a settlement check.
DISCLOSURES
[5] FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries. CCCU and Fair Isaac are not credit repair organizations as defined under federal or state law, including the Credit Repair Organizations Act. CCCU and Fair Isaac do not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FICO® Score available to primary members only.