Shopping for your new set of wheels can be overwhelming and maybe even intimidating. And, that’s understandable. Car salesmen sell six cars a week while you may only shop for six cars in your lifetime. With the right tools, preparation and sharp negotiating skills, you can place yourself in the right position to get a bargain.
Your Credit Union offers fast, friendly service and our rates are the best around. Get a new car rate of 1.9% APR and low a used car rate of 2.9% APR. Let us pre-approve you for a vehicle loan so you can shop for your next vehicle from a position of authority.
Whether you buy a new car or one that’s new to you, put yourself in the best negotiating position by getting pre-approved for the loan. You should request that any factory incentives be applied to the purchase price. Once you have your “bottom line” price, call or contact the Credit Union and you’ll have your check in hand usually that same day or within 24 hours.
Auto Smart Info Available
CUDL Auto Smart gives you easy access to a one stop resource to research and shop for your next vehicle. The website offers user friendly navigation, vehicle research capabilities, and an unmatched library of automobile shopping resources, including the latest car reviews, helpful articles, and buying tips.
Go to our website and click on Auto Buying Info under Quicklinks.
Smart Approval Now Available
With CUDL SMART Approval, your Credit Union will change the way you think of auto financing by making the experience painless and simple. By easily getting pre-approved financing from your Credit Union’s website, you will save time, money and are given peace-of-mind that you have your loan waiting for you at the dealership.
Once financing is in place, it’s time to shop. Here are a few tips to help put you in charge of the deal-making process.
1. Try not to let your purchase be an impulse or emotional one. You can find a lot of information on the internet, but the key is to find what will really help you. Pricing, safety, and cost of ownership are a few things that can help with the final decision.
2. Know how much the dealer paid for the vehicle. Be a savvy negotiator. Know the invoice price (what the dealer paid for the vehicle) on a new vehicle or wholesale and retail on a used vehicle plus any charges for clean up and destination. It will help in negotiation.
3. Don’t be fooled by 0% or low-interest rate financing. We have the best rates and you can often finance at the dealership and still have them send the paperwork to us.
4. The dealer may ask you about various extras to protect your vehicle. Your Credit Union recommends you pay special attention to the following two:
-GAP Guaranteed Auto Protection – GAP protects you from the difference between what your insurance company pays on a total loss and what you actually owe the lender.
-Extended Warranty – Service contracts are accepted almost everywhere. The more dependable a car you choose the cheaper the warranty. The Manufacturers Standard Warranty won’t always cover everything that could break down on your vehicle.
To begin the process of applying for an auto loan or for more information about auto loans, please visit apcocu.org.
*A lower credit score may cause a higher loan rate.