It looks like you're using an outdated browser.
For a better experience, we recommend switching to a more modern browser like Google Chrome or Microsoft Edge. Learn more.
Online Banking Login

Auto Loan Purchase

Get in the driver’s seat before you buy

Whether you’re thinking about a new ride, still shopping, or you already know the car you want, getting pre-approved for an SCCU auto loan will put you in the driver’s seat to get a great deal!  With our low rates and quick pre-approval decisions you will know how much car you can afford and what your payments will be. Walk into the dealership with the confidence of a "cash buyer"!
Apply Now

Product Features

Auto Loan Purchase Interest Rates

Effective Date: May 03, 2021
Apply Now
Payment Period Purchase APR* "As Low As" Minimum Loan Amount Payment per $1,000
Up to 36 Months 1.89% No minimum loan amount $28.59
Up to 48 Months 3.24% No minimum loan amount $22.24
Up to 60 Months 3.24% $10,000 $18.08
Up to 66 Months 3.39% $10,000 $16.63
Up to 72 Months 3.54% $12,000 $15.44
Up to 75 Months 4.09% $15,000 $15.13
Up to 78 Months 4.39% $20,000 $14.76
Up to 84 Months 4.79% $25,000 $14.04
Rates shown are fixed Annual Percentage Rates for vehicle model years 2021 and newer. Rates are subject to change. Your actual rate and terms are affected by your creditworthiness, term selected, vehicle type, and model year. Certain restrictions apply. You may be asked to furnish a down payment. Florida loans are subject to Documentary Stamp Tax. The tax amount is not included in the quoted APR.

Frequently Asked Questions

You may be able to get car loan pre-approval from a dealership, but you will be limited to buying from that dealership and you may be limited by the terms that the dealer offers. With an auto loan pre-approval from SCCU, you're free to shop at any dealership in Florida! That means you can shop around and find the most car for your money

You don't have to already be a member of SCCU to take advantage of our auto loan pre-approval process! Should you ultimately qualify for a loan on a new or used car with us, we will process both your car loan application and your new SCCU membership application at the same time, which gives you access to the full range of SCCU membership benefits.

A pre-approval is not a binding commitment from a lender that it will give you a loan. Pre-approval is an interim step to final approval that lets you know how much you can afford and that gives you information that a dealership or other seller views as proof of your ability to get financing. Only a loan approval is a guarantee that you will get the loan, but pre-approval from a reputable lender such as SCCU is an excellent indication to sellers that you are a good candidate for receiving a loan for a specified amount. Being pre-approved can strengthen your buying power and help you stay on budget.

You do not have to make any down payment during the pre-approval process as you would during the formal loan process. You should factor in your down payment amount; however, when calculating the amount you plan to finance.

Auto loan pre-approval is an option that's offered by many finance auto purchase lenders. The pre-approval process allows prospective car buyers to find out what their auto-buying budget is, what specific auto loan programs are available to them, and what their interest rate may ultimately be when they close on the loan. At SCCU, we make pre-approval easy: You can apply online, call us at 800-447-7228, or stop by your local SCCU branch office. Once you are pre-approved and find the car or truck you want to buy, the process is simple: The dealer will fax a Buyer's Order to SCCU, then when it's time to close on your loan, we offer the convenience of online loan closing through Express Sign.

SCCU makes auto loan pre-approval fast and simple. You can get pre-approved in just minutes, either online or by calling us:
  • Brevard: 321-752-2222
  • Broward: 954-704-5000
  • Miami-Date: 305-882-5000
  • All other areas: 800-447-7228
 And after you've found the car you want at the price you can afford, you can even close your new auto loan online with our convenient Express Sign online. It's free, fast and secure.

At SCCU, auto loan pre-approvals are good for 30 days. If you need an extension of the application beyond 30 days, please contact us.

Although there is no requirement to get pre-approval from a lender before you purchase a new or used car, we recommend it! There are a number of advantages to being pre-approved, including knowing exactly how much you can afford to spend on a new or used car or truck and having a stronger negotiating position with sellers. Being pre-approved can help you as you research the types of cars you're interested in, letting you narrow down your choices to the models, model years, and features that you know are within your pre-approved loan amount. In effect, car loan pre-approval makes you a "cash" buyer in the eyes of sellers, so it's a smart way to shop for your next vehicle.

Pre-qualification can be a first step toward understanding how much car you can afford, and what your payments and interest rate may be, but it does not include the critical steps of having your credit report and other financial information reviewed, which is part of the pre-approval process. The pre-approved auto loan process can bring you closer to a loan offer than pre-qualification, and sellers or dealerships will know that you are a good candidate for obtaining a loan for a certain amount when you have pre-approval in hand. At SCCU, we make the car loan pre-approval process fast, simple and easy to understand. Contact us if you have questions about pre-approval vs. pre-qualification or, if you're ready to get started on becoming pre-approved for an auto loan, apply online now!

Getting pre-approved for an SCCU auto loan does affect your credit score. Here's why: Lenders can make what's referred to as a "hard" credit inquiry or a "soft" one. Hard credit inquiries are done when a formal application for credit has been made with a credit union, auto dealer, bank, or other type of lender. The lender will contact one or more of the credit bureaus to get your score and your credit report, and such contacts are tracked by the credit bureaus. Although there are exceptions, a high number of these inquiries on your record may be taken as a negative sign, which can lower your credit score. A soft inquiry, on the other hand, is made by a lender that's checking your credit before the formal loan process is executed. Our process for a pre-approved car loan is an example of a hard inquiry, and it's done to gauge how likely a prospective buyer is to qualify for a loan.