If you’re in the market for a new car but want more lending choices than what the dealership may offer, look to the credit union for another finance option. This easy, low-cost, secured loan uses your new vehicle title as collateral.

 

 

Requirements:

 

You must complete a current loan application.

You must provide a purchase agreement from the dealer.

You must meet policy guidelines regarding consumer debt ratio (CDR), credit history and income.

 

Benefits to You:

You’ll enjoy more bargaining power at the dealership with our free new car cost guide and a pre-approved new car loan from your credit union.

You may borrow up to 115% of the new car purchase price (including tax and license fees.)

(A) Borrowers ONLY may finance up to 72 months (as advertised) depending on the purchase price.

You can apply for your loan 24 hours a day, 7 days a week by phone or online. You’ll get same day approval in most cases.

You can take advantage of competitive interest rates, no loan fees and no prepayment penalties. In addition, Guaranteed Auto Protection, Mechanical Breakdown Insurance and Credit Life & Disability Insurance are available.

Your payments can be made conveniently using payroll deduction, automatic transfer from another account, Tellerphone, mail or the Internet.

Contact Us

Need advice, have a question, or want to open an account?

Call or email
The Link
574.294.6553, opt 5
800.645.3732, opt 5

memserv@inovafcu.org

Our mission is to improve our members' financial well-being.

                    
Your savings federally insured to at least $100,000