Get the Best Auto Deal with SCCU
At Space Coast Credit Union, our mission is to create value in cooperative ownership. One area where we offer exceptional value to members is in vehicle lending.
Our auto and truck loans offer low rates, flexible terms, and exceptional convenience – and we can match your shopping style!
You can call us first to discuss the loan that's right for you and get pre-approved. Taking this step can help avoid "buyer's remorse" because you bought more car than you could afford. If this is the route for you, call Express Sales. It only takes a few minutes over the phone to discuss your vehicle financing needs and get a decision.
You can finance at the dealership where you purchase your vehicle. Financing is available at most of the major dealerships in the areas we serve, as well as at smaller independent dealers. For a list of participating dealers, visit SCCU.com/dealers. While you're on the web, read the reviews that your fellow members have provided about dealerships in your area.
You can also use our online calculators to get some idea of how much car you can afford.
Here are a few hints for getting the deal that's right for you:
Before you agree to any purchase, make sure you know how much the vehicle will cost. Don't allow the discussion to focus only on the monthly payment. How many months will you be making that payment? How much will the interest cost? These numbers must be disclosed to you by law, so make sure you take the time to review them.
Provide a down payment. To get the best loan rate, you'll want to keep your "loan to value" as low as possible (this is true for any lender). That means putting some money down.
You can also set up a "My Way" account named "Auto Savings" or something similar and put a few dollars away every payday. That way, you'll have something put aside when you're ready to buy your next car. You don't need an opening deposit to set up your My Way account.
In addition to low rates and convenience, there's a "behind the scenes" reason to use SCCU for your vehicle financing. When you finance here and pay according to the terms of your loan, the credit union earns interest income from your loan. That income is returned to members in the form of benefits like low loan rates, high deposit rates, branch locations and staff to serve you, and more free and low-cost services than you would typically receive at a bank. So where do you want the income from your loan to go? To a bank, or to the credit union you own along with your fellow members?
You owe it to yourself to at least inquire about an SCCU vehicle loan before you make your next financing decision.
P.S. If you currently have your vehicle financed with another lender, call Express Sales about refinancing with SCCU. It takes only a few minutes on the phone to see if we can save you money every month.