AUTO LOANS
Whether you’re in the market for a new car, or shopping for a used family vehicle, Connect Credit Union can help keep your eyes on the road and steering in the right direction with our flexible, low interest financing options.
ADVANTAGES
- No Payments for 90 days!2
- Low car loan rates
- Flexible Terms on both New and Used Vehicles1
- Convenient Payment Options
- Vehicle & Loan Protection Products
AUTO REFINANCE
Save money by taking advantage of refinancing your vehicle. Refinancing your existing car loan may help you save money by reducing your monthly auto payments. We have payment options to fit your lifestyle and budget. Now could be a good time to refinance your vehicle to a lower interest rate.
AUTO BUYING SERVICES
At Connect Credit Union, we have solutions for both buying and financing your new car. Your credit union has partnered with Enterprise Car Sales and Simple Car Buying to offer our members two distinct options in the car buying process:
- Enterprise Car Sales offers an experience similar to the dealership offering a car lot of certified used vehicles in a variety of makes and models.
- Simple Car Buying is a car buying service that can assist members in locating both new and used vehicles of any make and model.
GUARANTEED ASSET PROTECTION (GAP)
Unexpected events happen. And when a significant event like your vehicle being stolen or an accident occuring, it not only affects you emotionally but can also have a major impact on your finances. Guaranteed Asset Protection (GAP) pays the difference between your insurance company's settlement and the remaining loan amount in the event that your vehicle is stolen or damaged beyond repair. GAP will also cover your insurance deductible leaving you with no out-of-pocket expense and the freedom to shop for a new vehicle without worrying about negative equity.
MECHANICAL BREAKDOWN PROTECTION
Protect yourself against costly auto mechanical repairs no longer covered by the manufacturer's warranty on your vehicle with Mechanical Breakdown Protection from your credit union. With a zero deductible and a suite of extended warranty options available, Connect Credit Union has a plan for any vehicle you own. Mechanical Breakdown Protection coverage is available on new vehicle purchases and vehicles you own that are not financed with Connect CU.
CREDIT DISABILITY & CREDIT LIFE INSURANCE
Connect offers Credit Disability insurance on the primary borrower that makes payments to reduce or payoff the loan if the borrower is out of work for more than 30 days.
In addition, in the unfortunate event that a borrower passes away before the loan is repaid, Connect's Credit Life insurance will pay off the remaining balance up to $50,000. Credit Life insurance is available for both the primary and joint borrowers.
No need to worry about the unexpected, Connect has you covered.
Want to learn more about our vehicle loans? Contact us online or visit one of our local branches in Florida!
A cash/coupon payment surcharge of .50% applies to all loans that are closed where the payment is not transferred from a Connect CU account with direct deposit or an ACH payment debited from a US Financial Institution. Loan payment examples: $20,000 loan for 48 months at 5.49% will have a monthly payment of $465.09, $23.26 for each $1,000 borrowed; $20,000 loan for 72 months at 5.99% will have a monthly payment of $326.71, $16.34 for each $1,000 borrowed. Other loan amounts, rates and terms are available if you apply and qualify.
1 New vehicle and preowned are defined as 2022-2025 model year and with less than 36,000 miles. Autos that are Pre-owned vehicles that are older than model year 2022 or have over 36,000 miles are subject to a higher rate and must go through regular underwriting. No rate offered will be below the floor rate of 5.24% APR. Cannot be combined with any other offers. All applicants must qualify for membership with Connect Credit Union.
2 Finance charge begins from date of purchase and is repaid over the term.
