New & Used Auto Loans

Take advantage of our many discount options available:

• Up to 100% financing on both new and used.
• Great low rates, some discounts may apply!
• 1/4% discount for Vehicle Loan Protection and GAP insurance. (Must be purchased together) 
• GAP Insurance available for a low, one-time fee provides you extra protection if your vehicle is stolen, or totaled in a collision.  GAP Insurance picks up where your insurance leaves off to cover the remainder of your loan.
• Apply now!!

United Buyers Service - Your Credit Union Car Purchase Service!!

Auto Loan Check, what is it?

An FCFCU Auto Loan Check is a check made out to you that's good for up to your approved loan amount. You can use it to purchase a car at any licensed dealer. Since you already have financing arranged before you shop, you can focus on negotiating the lowest price you can for the car you want like you are paying with cash in hand. You can use it for a new or used auto, truck, van or motorcycle. The Auto Loan Check cannot be used for a private sale or to refinance a loan at another institution.

Heres how it works, once you know how much you want to borrow, make sure the blanks on the face of the check are completed as follows:

• Choose a repayment method
• Fill out the vehicle information
• Fill in the loan amount up to the maximum on the check
• Endorse the back of the check yourself (both borrower and co-borrower, if applicable).  Make sure the dealer endorses the back of the check as well, and leave the check with the dealer as payment.

We'll process your loan, according to the amount and term you have specified on the face of the check, when the check clears.

If you've already applied for a loan, just give us a call or email us to request a check. If you haven't applied yet but are interested in buying a car, call and apply for an FCFCU Auto Loan today. We can accept your loan online and type Auto Loan Check in the box at the bottom of the loan request form. You can also stop by any branch. FCFCU will send you your Auto Loan Check and you'll be driving your new vehicle in no time.

Avoid Being Upside Down in Your Car Loan

A low- or no-down payment, a longer-term loan, and a vehicle that rapidly depreciates in value in the first two years can cause you to be upside down in your car loan. The term means you owe more for the car than it is worth. Its not unusual for a buyer to be upside down in a car loan a couple of years into a five- or six-year loan.

Consumer experts recommend making a down payment of 20% or more and financing for no longer than four years to avoid being upside down. Not everyone can do this. Some alternatives:

* Don't finance a car for more months than you think you want to own it,
* Make the biggest down payment you can,
* Choose a shorter-term loan if possible, and
* Buy a vehicle that will hold its value longer.

If you find that you're upside down in a loan, experts advise holding onto the car as long as you can--at least until the amount left on the loan matches the cars trade-in value. If you need to get rid of it, try selling it yourself or consider bundling the negative equity from the car with a loan on a new car. If possible, accelerate your loan payments to avoid being upside down in your new loan. Contact a credit union representative for more information.